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Royal Group Energy Firm Ltd (RGP), a subsidiary of Royal Group in Cambodia and Singapore’s Keppel Infrastructure Holdings by means of its wholly owned subsidiary, Keppel Vitality (KE), have signed an settlement on joint improvement of renewable power technology alternatives and cross-border transmission from Cambodia to Singapore.
The settlement permits joint operations of chosen renewable power tasks in Cambodia, which is able to collectively have an put in capability of about 2,500MW, for the aim of exporting as much as 1,000MW to Singapore by way of submarine high-voltage transmission, the place KE could be an off-taker.
Kith Meng, Chairman of RGP, mentioned that the unique settlement with Keppel to develop and export as much as 1,000 MW of energy from Cambodia to Singapore, together with growing the facility transmission infrastructure to deal with energy export from Laos, represents ground-breaking cooperation between the 2 nations in addition to the 2 corporations.
“Our business-to-business cooperation will contribute tremendously to the implementation of the broader ASEAN Energy Grid by rising electrical energy connectivity inside ASEAN,” he mentioned.
At present’s signing ceremony additionally exhibits the rising belief that Singaporean traders have in Cambodia as a companion with a secure and beneficial enterprise and funding local weather, mentioned Aun Pornmoniroth, Deputy Prime Minister, Minister of Economic system and Finance, who presided over the ceremony.
“This undertaking will assist strengthen Cambodia’s capability to provide and export electrical energy, whereas Singapore will doubtlessly profit from importing greener and extra sustainable energy into the nation,” he mentioned.
The settlement is a vital step to speed up the event of renewable power assets in order to grab alternatives arising from the ASEAN Energy Grid’s imaginative and prescient of multilateral electrical energy buying and selling past worldwide borders, together with the potential importation of low-carbon electrical energy into Singapore, mentioned Cindy Lim, CEO of KI.
“By this, not solely can ASEAN transit in the direction of a greener power combine extra quickly, however it is going to additionally bolster the power resilience of Singapore and the area,” she mentioned.
The Ministry of Mines and Vitality of Cambodia and Singapore’s Ministry of Commerce and Trade agreed in September to deepen power cooperation that will serve the mutual pursuits of each nations.
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