ASEAN KEY DESTINATIONS
Singapore may import power
Singapore is seriously considering electricity imports from its neighbors to add to its energy mix, Minister at the Prime Minister's Office Mr .S Iswaran said on Thursday.
'We are currently reviewing our regulatory framework and studying various trading models that could facilitate electricity imports in the medium term,' said Mr Iswaran.
This could 'catalyse more opportunities for energy cooperation' across Asean (the Association of Southeast Asian Nations), he added.
This will help ensure competitively- or lower-priced energy prices and improve Singapore's energy security.
'In the case of Asean, an aggregated regional energy market would be better able to attract investments as there would be greater demand assurance. With new investments and collaboration, more energy sources within the region can be unlocked. This, augmented by competitive imports, will boost overall energy supply security,' he said.
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