,Singapore

Singapore sets sustainable energy as main focus for LTMS power project

This is supported by Lao PDR, Thailand, and Malaysia.

Singapore has set sustainable energy as its focus with its commitment to the LTMS Power Integration Project (LTMS-PIP), Second Minister for Trade & Industry Dr. Tan See Leng said during the 39th ASEAN Ministers on Energy meeting.

Countries that also agreed with Singapore were Lao PDR, Thailand, and Malaysia. These countries saw the project as a milestone for ASEAN power connectivity and looked forward to the commencement of the project in 2022.

Tan expressed the benefits of this project, not only for Singapore but for the ASEAN region, as well.

“This will help create a multilateral cross-border market for electricity trading, promote investments, and facilitate the development and deployment of low carbon solutions in the region. At the same time, it will enhance regional electricity supply security and resilience, whilst supporting Singapore’s energy transition. We look forward to the early finalisation of all agreements underpinning the LTMS-PIP with a view to commence cross-border power trade in 2022, and work towards multilateral electricity trading in the region.”

Aside from the 39th ASEAN Ministers on Energy, the 7th AMEM-International Energy Agency (IEA) Dialogue and 5th AMEM-International Renewable Energy Agency Dialogue were held today, as well. The 10th anniversary of the ASEAN-IEA was also held with the “Commemorative Statement on ASEAN-IEA Energy.

Singapore received 12 awards at the ASEAN Energy Awards 2021 Ceremony held that same evening. These were for implementing best practices in energy efficiency and contributions to the region’s energy sector.

Meanwhile, key dialogue partners from ASEAN, Australia, China, India, Japan, the Republic of Korea, New Zealand, Russia, and the United States will join the ASEAN member states at the 15th East Asia Summit Energy Ministers Meeting and 18th ASEAN Plus Three Ministers on Energy Meeting on 16 September.

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

An average of RMB5t a year is needed to decarbonise its economy.
It is expected to be higher than the overall level in Southeast Asia in 2030.
The only green parameter for credit rating is the RPO which carries “the least weight,” IEEFA says.
This will take effect on 11 November 2021.
Hai Long 2 and Hai Long 3 substations have a total capacity of over one gigawatt.
The MOU is effective for two years but it can be extended by the parties. 
Some 3 Mt of Australian thermal coal are awaiting clearance at Chinese ports.
This is whilst also ensuring the country’s resilience from climate risks. 
Producers are only meeting 60% to 65% of annual demand.
Financing needs to be scaled to drive India's rooftop solar potential, IEEFA argues.
This comes as the gov't issued the new draft of the Sixth Strategic Energy Plan.
Vietnam should craft incentives to carry out cost-competitive renewables, argues IEEFA.
It will likely grow, but not as rapidly as solar power.
This move is in line with China's carbon neutrality target before 2060.
Implementation challenges could lead to a loss of credibility for the bank.