Singapore’s Energy Market Authority (EMA) is taking steps to ensure the nation’s power grid remains resilient by securing new electricity generation capacity. Through a centralized procurement process, the authority is inviting private sector players to build, own, and operate new power plants to meet projected growth in electricity demand. This strategic move aims to address the rising energy needs of the digital economy, industrial expansion, and the increasing adoption of electric vehicles, while simultaneously maintaining price stability and energy security for the long term.
- The Energy Market Authority (EMA) has launched a Request for Proposal (RFP) to increase Singapore’s power generation capacity.
- New capacity is required to meet an expected rise in peak electricity demand driven by data centers and economic growth.
- The initiative calls for the development of new hydrogen-ready combined cycle gas turbines to ensure future energy sustainability.
- The centralized approach is designed to provide investment certainty and prevent the supply shortfalls that contribute to price volatility.
- This move follows projections that Singapore’s electricity demand will grow steadily over the next decade.
Based in Singapore, CNA (Channel News Asia) covers global developments with an Asian perspective, with correspondents based in major cities across Asia, including Kuala Lumpur, Jakarta, Bangkok, Tokyo, Seoul and Beijing, as well as in New York, Washington D.C. and London.
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Singapore generates approximately 95% of its electricity using natural gas, making it the primary fuel for the nation's power needs. This gas is largely imported via pipelines from Malaysia and Indonesia.
Performing a mundane task with theatrical flair aka Grandstanding the Plastic and Plaster shows.