According to the Energy Market Authority (EMA), Singapore is open to the idea of importing power from the area, particularly India, The Straits Times reported on August 13.
This letter follows a series of inquiries addressed to the authority asking for its opinion on a report that India and Singapore were attempting to connect their electrical systems.
Moneycontrol was unable to independently confirm this news story.
According to the study, the EMA supports ideas to import up to four gigawatts of electricity into Singapore. It will choose and appoint businesses to import the electricity and is accepting bids through December 29.
India and Singapore previously expedited plans to connect their power networks via an undersea cable via Andaman & Nicobar, enabling India to provide Singapore with renewable energy.
Singapore’s power market has experienced instability as a result of extreme price fluctuations. Alternative energy sources are required to guarantee a consistent and reasonable supply of electricity. Importing electricity from foreign nations would improve the city-state’s energy security.
Due to land scarcity and intermittent solar power, Singapore has stated it will investigate a range of possibilities, including regional power grids, to increase renewable energy in the nation, according to a report by the Economi Times.
The Andaman and Nicobar Islands have special power supply issues because they are remote from the mainland. According to the research, diesel generation makes up over 91 percent of the union territory’s total generation capacity on various islands, with the remaining portion coming from hydroelectricity and solar power.
The agreement with Singapore will also improve communication across the islands, particularly in terms of renewable energy.
India has also discussed connecting its power grids to exchange renewable energy with Saudi Arabia and the United Arab Emirates. This plan has been in the works for a while, according to the ET article, and it includes Oman, where India may stop before connecting to the UAE and Saudi Arabia.
SOURCE: MONEY CONTROL