Budget 2025: Government to reorganise for greater focus on nuclear energy, build new capabilities

• Government to reorganise for greater focus on nuclear energy capabilities
• S$5 billion top-up to Future Energy Fund
• S$5 billion top-up to Coastal and Flood Protection Fund

WHILE Singapore has not yet decided whether to deploy nuclear power to meet its energy needs, the government has enhanced its focus on this low-carbon source of electricity, said analysts.

They were responding to the government’s plans to reorganise for “greater emphasis” on building nuclear capabilities, as Finance Minister Lawrence Wong stated in his Budget speech on Tuesday (Feb 18).

“This reorganisation reflects a proactive approach to thoroughly assess the feasibility of integrating nuclear energy, particularly small modular reactors (SMRs), into Singapore’s energy landscape,” said Lee Poh Seng, executive director of the Energy Studies Institute at the National University of Singapore.