Cambodia's Royal Group Power Company Ltd. (RGP) and Singapore's Keppel Energy Pte Ltd. (KE) have reached an energy purchase agreement on exporting renewable energy to Singapore via submarine high-voltage transmission.
The agreement was signed on Mar. 15 in Singapore by Kith Meng, Chairman of the Royal Group, RGP’s parent company and Cindy Lim, chief executive officer of Keppel Infrastructure (KI), the parent company of KE under the witness of H.E. Suy Sem, Minister of Mines and Energy, H.E. Keo Ratanak, Director General of the Electricité du Cambodge (EDC), H.E. Yem Piseth, Director-General of Electricity Authority of Cambodia, and H.E. Tan See Leng, Second Minister for Trade and Industry of Singapore.
Under the agreement, one gigawatt (GW) of renewable energy will be exported from Cambodia to Singapore, read a press release.
The proposal will see the imported electricity harnessing solar energy, hydropower, and potentially wind power, supported by battery energy storage systems or pumped storage hydropower.
H.E. Suy Sem said the deal is supported strongly by the governments of the two countries. “The deal contributes to cross-border energy trade and power integration among ASEAN Member States including Cambodia and Singapore,” he stressed.
The partnership between Keppel and RGP demonstrates the “strong commercial interest and viability” of renewable energy co-development projects for cross-border electricity trade, H.E. Tan See Leng said.
“This agreement is a milestone of the expedition of developing the renewable energy resources… including importing electricity into Singapore,” he added.
Source: Agence Kampuchea Presse