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Singapore and the World Bank have announced a three-year partnership to turn the Asean Power Grid ambition into investable projects. The Asean Power Grid Mobilisation Partnership (AMP) aims to tackle regulatory and other barriers to cross-border electricity trade while promoting regional cooperation, capacity building, and knowledge exchange among Asean member states.
The partnership will leverage the World Bank's technical expertise in infrastructure financing, energy markets, and regional power trade. METI Director Conran Chia emphasized the need to address regulatory and bankability hurdles to unlock interest from the financing community. Kristina Svensson, World Bank Singapore Regional Hub Manager, highlighted the importance of sustained regional collaboration, practical solutions, private sector investment, and strong institutional capacity to realize the Asean Power Grid.
MOF Director-General Alvin Lim stated that the AMP will strengthen the foundations of Asean's power systems as the region moves towards a more connected and energy-secure Asean.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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