The electricity retailer Keppel Electric of Singapore, a subsidiary of Keppel Infrastructure Holdings (KI), has signed an exclusive framework agreement with Electricité du Laos (EDL), the state-owned power supplier of Laos, as part of the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP) to explore opportunities to import renewable energy into Singapore.
The import of renewable energy from Lao PDR will allow Keppel Electric to diversify its energy portfolio. The trial electricity supply is expected to begin as soon as all technical, commercial, legal and regulatory arrangements have been finalized with the governments of the four ASEAN member countries, and after the execution of a binding power purchase agreement between Keppel Electric and EDL.
LTMS-PIP is an intergovernmental project to study the feasibility of cross-border power trade from Lao PDR to Singapore. LTMS-PIP will serve as a pathfinder to further advance cross-border trading in ASEAN and complement existing efforts in the ASEAN Power Grid vision by creating opportunities for multilateral electricity trading beyond neighbouring borders.
In addition, Keppel Electric and EDL will explore collaboration opportunities arising from the demand for renewable energy and the transition towards greener forms of energy. This includes the development and long-term supply of hydropower for the ASEAN region, as well as renewable energy tracking, verification and assurance, which will support the growth of renewable energy in the region.
