SE Asian power grid phase 2 to double traded capacity
The Lao PDR-Thailand-Malaysia-Singapore power integration project (LTMS-PIP) will be enhanced under its second phase to double the capacity of electricity traded, Singapore's Energy Market Authority (EMA) announced today.
The second phase of the LTMS-PIP will double the amount of electricity traded from 100MW to a maximum of 200MW. The LTMS-PIP was launched in June 2022, with the project connecting up to 100MW of renewable power supply from Laos to Singapore. The EMA did not disclose details on timelines for the second phase.
The expansion of the capacity of electricity traded will be done by introducing multi-directional power trade, under which Malaysia will provide additional supply, said the EMA.
This will also boost the development of the Asean power grid to better meet southeast Asia's growing energy demand, said the EMA. Enhancing multilateral and multidirectional electricity trading in the region will strengthen grid resilience and promote energy integration, it added.
The EMA has granted an extension to Singapore conglomerate Keppel's electricity import licence for another two years, to support this next phase of the LTMS-PIP. Keppel will be able to import electricity from Malaysia, in addition to Laos.
Related news posts
Business intelligence reports
Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.
Learn more