Singapore is open to the possibility of importing electricity from countries in the region, including India, said a report quoting the Energy Market Authority (EMA) on August 13.
The EMA, a statutory board under the Singapore Ministry of Trade and Industry, has welcomed proposals to import as much as 4 GW of electricity, added the news report. The body is seeking bids till December 29 and will choose and appoint companies to import the electricity.
Previously, India and Singapore had accelerated plans to set up a connection between their power grids through an undersea cable via the Andaman & Nicobar Islands, helping India supply renewable energy to Singapore. The supply would help address the problem of power market instability in the city-state.
Alternative sources of electricity are needed in Singapore to ensure a reliable and affordable power supply. In the past, it had said it would explore a variety of options, including regional power grids, for expanding its renewable energy due to land scarcity and intermittent solar power.
Media reports add that India has also been in talks with Saudi Arabia and the UAE about connecting their power grids to trade renewable energy.