Singapore’s Energy Market Authority (EMA) and the Asian Development Bank (ADB) have renewed a memorandum of understanding for another three years to support cross-border energy projects in Southeast Asia, including projects exporting electricity to the city-state.
The agreement focuses on renewable energy generation and grid interconnector projects across the Association of Southeast Asian Nations (ASEAN) region, which supports the ASEAN Power Grid initiative. Both ADB and EMA will work on barriers to project development, including project bankability, risk allocation, financing, and technical issues linked to subsea cable infrastructure.