SINGAPORE: As the nation increased its import target, Singapore on Thursday, September 5, granted conditional approvals to two more businesses to import low-carbon electricity from Indonesia.
The Energy Market Authority (EMA) announced on Thursday, September 5, that Singa Renewables and Shell Eastern Trading have been granted conditional approval to import a total of 1.4 gigawatts (GW) of electricity.
The organisation stated in a press release that, according to EMA’s (preliminary) assessment, these projects are technically and financially feasible “The conditional approvals seek to facilitate the companies in obtaining the necessary regulatory approvals and licences for the projects.”
Singapore wants to have zero net emissions by 2050. According to EMA, it will continue to interact with businesses that have “credible and commercially viable proposals” that will help it meet this goal.
These five companies the first to receive such licenses—have advanced to the next stage of the procedure, according to an announcement made by EMA on Thursday. According to EMA, “substantial progress” had been made by the five projects based in Indonesia.
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