29-10-2024, 09:22 AM
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Asean power grid could create new jobs, bring investments to energy sector
29-10-2024, 09:25 AM
The Asean power grid has been decades in the making, but really made progress with the 2022 launch of the Laos-Thailand-Malaysia-Singapore electricity import pilot, which is a pathfinder project for the Asean grid.
Under this project, 100MW of hydropower is being transmitted from Laos to Singapore, via Malaysia and Thailand. This was later extended to include another 100MW from Malaysia’s electricity grid in October 2024, after progress on the second phase stalled. The electricity, however, would include a mix of generation sources, including coal and natural gas.
Having countries trade electricity freely through a regional grid would allow them to meet rising electricity demand while being assured of energy security. Such a grid would hedge against the intermittencies of renewables, by distributing energy more efficiently.
Around 99 per cent of the region’s population would benefit from air pollution being reduced by around half, leading to 15,000 fewer pollution-induced deaths annually
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Having greater regional interconnectivity can also create a significant number of jobs – from at least 2,000 to 9,000 jobs annually for the region, the study found. These, among others, would be in the renewables manufacturing sector, which includes cables and other related equipment.
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Building long subsea cables – which can cost several billion dollars – can become affordable when shared among various countries in the region
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On Oct 22, Singapore gave conditional approval to import some 1.75GW of solar energy from Sun Cable, which will have the power transmitted over a 4,300km subsea cable. The constructed cost is expected to total US$24 billion.
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Singapore, for its part, has committed to importing 7.35GW of clean electricity from Cambodia, Vietnam and Indonesia, and Australia.
Under this project, 100MW of hydropower is being transmitted from Laos to Singapore, via Malaysia and Thailand. This was later extended to include another 100MW from Malaysia’s electricity grid in October 2024, after progress on the second phase stalled. The electricity, however, would include a mix of generation sources, including coal and natural gas.
Having countries trade electricity freely through a regional grid would allow them to meet rising electricity demand while being assured of energy security. Such a grid would hedge against the intermittencies of renewables, by distributing energy more efficiently.
Around 99 per cent of the region’s population would benefit from air pollution being reduced by around half, leading to 15,000 fewer pollution-induced deaths annually
......
Having greater regional interconnectivity can also create a significant number of jobs – from at least 2,000 to 9,000 jobs annually for the region, the study found. These, among others, would be in the renewables manufacturing sector, which includes cables and other related equipment.
......
Building long subsea cables – which can cost several billion dollars – can become affordable when shared among various countries in the region
......
On Oct 22, Singapore gave conditional approval to import some 1.75GW of solar energy from Sun Cable, which will have the power transmitted over a 4,300km subsea cable. The constructed cost is expected to total US$24 billion.
......
Singapore, for its part, has committed to importing 7.35GW of clean electricity from Cambodia, Vietnam and Indonesia, and Australia.
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