Singapore, US to study feasibility of regional energy connectivity
The feasibility study will be conducted in two phases.
The Singapore Ministry of Trade and Industry, the Energy Market Authority, and the United States Department of Energy will be conducting a feasibility study on regional energy connectivity.
The study will be conducted in two parts, beginning with reviews of existing and potential power interconnections in ASEAN and the socioeconomic benefits of regional energy connectivity in the first phase.
The second phase will cover legal and governance frameworks and financing arrangements.
“The study is intended to facilitate the development of the ASEAN Power Grid (APG) initiative, as well as support regional efforts to deploy renewable energy and collectively decarbonise,” the statement read.
“Both parties look forward to sharing initial findings from the first phase of the joint Feasibility Study by October 2023.”
The proposal to conduct the Feasibility Study on Regional Energy Connectivity was first announced on 14 July 2022 at the sidelines of the US-Southeast Asia Clean Energy Roundtable in Singapore to further both countries’ energy collaborations, including the U.S.-Singapore Climate Partnership.