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Our target is to import around 6 gigawatts (GW) of low-carbon electricity by 2035, which is around one-third of our energy supply then.
While Singapore has limited renewable energy resources, we are able to access low-carbon electricity that is abundant in the region by connecting to regional power grids. This also promotes the development of renewable energy in the region and paves the way in realising the ASEAN Power Grid vision.
SP PowerAssets Ltd (SPPA) and SP PowerGrid Ltd (SPPG) are companies regulated by EMA as the electricity transmission licensee and transmission licensee agent respectively. They are required to provide grid services in a non-discriminatory manner. The conditions of their licences also prohibit them from disclosing confidential information for any purpose, unless permitted by their licences, codes or market rules. They are also prohibited from using confidential information to gain commercial advantage in any service outside of their authorised business. If they fail to comply, they can face enforcement action under Sections 13 and 14 of the Electricity Act.
As the national grid operator in Singapore, SP Group possesses the technical expertise and operational capabilities in the transmission and distribution of electricity.
SP Group established SP PowerInterconnect (SPPI) to participate in the development and operation of cross-border electricity interconnectors. SPPI will leverage its expertise in project development and technical design, engineering and operation of transmission and distribution assets to support the efforts of EMA to import low-carbon electricity into Singapore.