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Tuas Power to explore importing up to 500 MW a year of hydropower from Laos

Proposed deal could last up to 15 years, offers optional Renewable Energy Certificates

Singapore's generation company Tuas Power is exploring the possibility of importing up to 500 megawatts (MW) of hydropower from Laos annually, under a proposed long-term deal. This arrangement could last 15 years, with the initial yearly import of 100 MW increasing to 300 MW in the second year, and 500 MW annually thereafter. Tuas Power, a subsidiary of China's state-owned China Huaneng Group, signed a memorandum of understanding (MOU) with Laos' state operator Electricite du Laos (EDL) and the Phongsupthavy Group (PSTG) for this potential collaboration.

The MOU was signed during the Singapore International Energy Week. Tuas Power COO Michael Wong emphasized that this collaboration aligns with their long-term strategy for decarbonising customers' energy needs and contributing to a sustainable regional energy transition. PSTG chairman Phongsavath Senaphuan expressed enthusiasm for exploring how hydropower from Laos can meet Singapore's growing demand for clean energy, noting that hydropower is a seasonal resource.

Tuas Power's COO further highlighted the potential for this partnership to support regional clean-energy integration under the Asean Power Grid initiative.

Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Also reported by 1 other outlet

Read the original at businesstimes.com.sg →

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