More than 160 participants attended the Singapore-International Energy Agency (IEA) Regional Training Programme on Catalysing Interconnectivity, emphasizing the importance of cross-border electricity trading in Southeast Asia’s renewable energy potential. Held on 6-7 June, the programme provided a platform for sharing best practices and building expertise in financing, market models, and regional cooperation for subsea cables.
The eighth instalment of the Singapore-IEA Regional Training Hub initiative brought together policymakers, regulators, utilities, and industry stakeholders from 19 countries. Discussions included insights from the IEA, Thailand’s Energy Regulatory Commission, the ASEAN Centre for Energy, the Asian Development Bank, the World Bank, and Japan Bank for International Cooperation, focusing on advancing the ASEAN Power Grid vision.
Mr. Ngiam Shih Chun, Chief Executive of the EMA, emphasized regional interconnectivity’s role in supporting decarbonization and energy security. Dr Fatih Birol, Executive Director of the IEA, highlighted the IEA’s ongoing support for regional interconnection and power trade in ASEAN.
The ASEAN Centre for Energy projects ASEAN’s renewable energy share in installed capacity to reach 63.2% by 2050, with cross-border electricity trading poised to reduce system costs, enhance energy security, and integrate variable renewable energy. The next Singapore-IEA Ministerial Forum will be co-hosted on 22 October 2024 at the 17th Singapore International Energy Week.
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