This project is a watershed moment for Singapore’s green energy ambitions and is part of its roadmap to achieve net zero greenhouse gas emissions by 2050. This electricity importation exercise is intended to work alongside other steps the country is taking to meet its international commitment under the 2015 United Nations Paris climate agreement, which include solar energy, carbon offsets and hydrogen. Potential sources of electricity include Malaysia, Indonesia, Cambodia and Laos.
CMS, in collaboration with engineering firm DNV, has been retained by the EMA to provide legal and commercial advisory services for the project. The initial requests for proposals were streamlined into a single phase where respondents were requested to submit a non-binding expression of interest (EOI). The EOI focuses on the overall design proposal covering the generation, sources of electricity supply, interconnections, delivery plan, timeline, and associated economics.
The EMA intends to issue conditional approval in response to the EOI, which may see it issuing full importer licences to participants should they meet certain obligations and condition precedents.
This project is a watershed moment for Singapore’s green energy ambitions and is part of its roadmap to achieve net zero greenhouse gas emissions by 2050.
