Imagine if electricity demand cannot be met. The implications for an industrialised, technology-driven economy like ours would be unthinkable.
Timely and sufficient investments in power generation are thus critical to meet Singapore’s increasing energy demand as our nation continues to develop.
All these while observing our commitments on mitigating climate change.
Given that power generation investments entail high capital costs and long payback periods, EMA plans to put out more information that will help investors make better informed decisions. This could include information on projected growth of electricity demand, as well as what the mix of generation sources could be by 2030.
EMA is also seeking industry feedback on a proposed framework to allocate land for new power plants. This is with the view to optimise our land for future energy needs.
More details on preparing for future power generation investments in Singapore are available on EMA’s website at www.ema.gov.sg