“The agreements are an important step to accelerate the development of renewable energy resources so as to seize opportunities arising from the Asean Power Grid’s vision of multilateral electricity trading beyond international borders, including the potential importation of low-carbon electricity into Singapore,” says Cindy Lim, CEO of Keppel Infrastructure.
Keppel Energy, the wholly-owned subsidiary of Keppel Infrastructure, has signed exclusive and binding agreements with Royal Group Power Company Ltd (RGP) and PSG Corporation Public Company Limited (PSGC) to explore renewable energy opportunities and cross-border interconnections with Cambodia and Laos.
A binding and exclusive collaboration agreement was signed with RGP to explore the development and operations of selected renewable energy projects in Cambodia on Oct 27, while an exclusive and binding memorandum of understanding (MOU) was signed with PSGC to jointly explore opportunities in renewable energy import from Laos into Singapore on Oct 25.
