Asean power grid opens doors for Singapore to be regional clean energy trading hub
But the grid itself remains a mammoth task with technical and financial challenges
THE planned Asean power grid could offer Singapore a golden opportunity to become the region’s trading hub for clean energy, as the city-state works hard to soften the potential blow on its booming petrochemical sector amid the shift from fossil fuels.
“The Asean transmission grid is very critical. Singapore understands trade very well and we know how it’s done,” said Surbana Jurong’s energy and industrial managing director Tan Wooi Leong.
He added: “As long as we can bring the molecules (hydrogen) and renewable electrons through a certain central location, we could probably start trading them.”
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Indonesian farmers harness tech to shield crops from El Nino’s wrath
Capital A’s Teleport targets rapid growth after airline spinoff
Malaysian carbon exchange to host first local carbon credit auction in July
Indonesia considers extending rice handout programme to year-end
Johor eyes Shenzhen-style hub with Singapore
Indonesia’s Prabowo reiterates ‘Asian Way’ to defuse tension: Al Jazeera interview