EMA seeks feedback on proposed process for power generation capacity

By 2028, EMA expects power demand to reach between 10-1 GW to 11.7 GW.

The Energy Market Authority (EMA) has called on the public to provide their feedback on its proposed “centralised process”  to facilitate and guide private investments in new generation capacity.

The public can provide feedback until 8 May, 5 PM.

Under the centralised process,  EMA will continue to forecast: electricity demand on a rolling 10-year basis; and the generation capacity available in the system. 

“Should the projections show that there is insufficient generation capacity to meet system needs, EMA will conduct a Request-for-Proposal (RFP) for the private sector to build, own and operate the required new generation capacity,” the agency said.

“EMA will step in to build the required new generation capacity if there is no private sector interest to do so or the proposals submitted are assessed to be unsuitable,” it added.

The agency plans to launch its first RFP  for new generation capacity required in 2028 in the second half of 2023.

By 2028, EMA said Singapore will need additional power generation capacity given that system peak demand is projected to grow at a compounded annual growth rate of 4% - 6%, with demand reaching between 10.1 gigawatts (GW) and 11.7GW.