The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo

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

google-preferred-sourceAdd BT as a preferred source
Anita Gabriel

Anita Gabriel

Published Mon, Oct 16, 2023 · 05:00 AM
    • Sharad Somani, KPMG’s Singapore-based ESG head, says the uneven spread of renewable energy resources from solar and hydro to wind, and the associated intermittencies should compel Asean countries to connect their electricity grids to optimise green power utilisation.
    • Sharad Somani, KPMG’s Singapore-based ESG head, says the uneven spread of renewable energy resources from solar and hydro to wind, and the associated intermittencies should compel Asean countries to connect their electricity grids to optimise green power utilisation. PHOTO: BT FILE

    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.”

    AseanRenewable energyasean gridESG

    TRENDING NOW

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    In the last round of bidding, the premium for Category B was S$980 more than that for Category A.

    Cat A COE rate exceeds Cat B for third time in 4 months; premiums largely down

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Those whose employers actively discourage the use of AI at work have the lowest mental health score.

    Singapore workers experiencing rising anxiety; signs of fallout from pressure to use AI

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More