Singapore invites private sector participation in hydrogen-ready power projects
(MENAFN) In a significant move towards sustainable energy infrastructure, Singapore has extended invitations to the private sector to undertake the construction, ownership, and operation of two new hydrogen-ready Combined Cycle Gas Turbine (CCGT) generating units. This announcement was made by the Energy Market Authority (EMA) on Tuesday.
According to the directives laid out by the EMA, each generating unit must boast a minimum capacity of 600 megawatts, with both power plants slated to be operational by 2029 and 2030 respectively.
The decision to embark on these projects comes against the backdrop of Singapore's anticipated surge in power system peak demand, projected to escalate by at least 3.7 percent over the next six years. By 2030, peak demand is forecasted to range between 10.1 gigawatts (GW) and 11.8 GW, as per EMA estimates.
One of the key highlights of these new generating units is their hydrogen-ready infrastructure, which offers the flexibility to integrate hydrogen as a clean energy source, thereby contributing to reduced carbon emissions. Ngiam Shih Chun, Chief Executive of EMA, emphasized Singapore's commitment to fostering a greener and more resilient energy landscape and underscored the importance of industry collaboration in shaping a sustainable future.
This initiative not only aligns with Singapore's broader sustainability goals but also underscores the nation's proactive stance in embracing innovative technologies to address environmental challenges. By leveraging private sector expertise and investments, Singapore aims to reinforce its position as a leader in sustainable energy solutions while simultaneously driving economic growth and resilience.
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