Keppel Infrastructure looking to import renewable energy from Laos and Cambodia to Singapore
Janice Lim
KEPPEL Infrastructure Holdings, a subsidiary of Keppel Corporation , will be looking to import renewable energy from Laos and Cambodia into Singapore, as it inked two exclusive and binding agreements with the two countries.
In addition to sourcing for reliable and sustainable energy resources through cross-border power trade with economies that are part of Asean, these agreements will also support the development of regional power grids that Singapore will tap on in its energy transition journey, said Keppel in a bourse filing on Wednesday (Oct 26).
These latest agreements, signed by Keppel Infrastructure’s subsidiary Keppel Energy, come after Keppel successfully imported up to 100 megawatt of renewable hydropower from Laos in June this year, through the Laos-Thailand-Malaysia-Singapore Power Integration Project.
Cindy Lim, chief executive officer of Keppel Infrastructure, said that the agreements are an important step to accelerate the development of renewable energy resources and seize opportunities arising from the Asean Power Grid’s vision of multilateral electricity trading beyond international borders, including the potential importation of low-carbon electricity into Singapore.
“Through this, not only can Asean transit towards a greener energy mix more rapidly, but it will also bolster the energy resilience of Singapore and the region,” said Lim.
Through its collaboration agreement with Cambodia and the Cambodian conglomerate Royal Group Power, Keppel Infrastructure will look at the development and operations of selected renewable energy projects in Cambodia.
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These projects have an installed capacity of about 2,500 MW collectively, and up to 1,000 MW would be exported to Singapore via submarine high-voltage transmission.
The collaboration agreement will also explore the joint development of an onshore transmission line from the border between Laos and Cambodia through Cambodia, so that low-carbon electricity can be exported to Singapore, where Keppel Energy would be the off-taker.
Keppel Infrastructure would also be exploring opportunities in importing renewable energy from Laos to Singapore together with construction services company PSGC, through the memorandum of understanding (MOU) signed by both parties.
The signing of the MOU further supports a bilateral MOU on energy cooperation between the governments of Singapore and Laos, earlier in September 2022.
As part of the bilateral energy cooperation MOU, Keppel and PSGC will jointly study the development, implementation and operations of selected pumped-storage hydroelectricity and solar power generation facilities in Laos in respect of the export of low-carbon electricity to Singapore, thereby advancing the cooperation between Laos and Singapore in the cross-border power trade.
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