On 1 October 2026, the Ministry of Energy, Trade and Industry (“METI“), the Ministry of Finance, and the World Bank Group launched a three-year ASEAN Power Grid Mobilisation Partnership (“AMP“) between Singapore and the World Bank Group to:
- strengthen the regulatory, institutional, and financing environment for cross-border electricity trade, including issues related to cross-border wheeling arrangements; and
- promote regional cooperation, capacity building, and knowledge exchange among ASEAN Member States.
Cross-border power projects involve regulatory, institutional, commercial, and financing considerations that extend beyond the development of the underlying generation assets. These considerations may include cross-border transmission and wheeling arrangements, coordination between the regulatory frameworks of participating jurisdictions, and the allocation and financing of risks across multi-jurisdictional infrastructure projects. The AMP is intended to strengthen the regulatory, institutional, and financing environment for cross-border electricity trade, address existing gaps in project implementation, and improve project bankability.
Importantly, the AMP represents a further step towards the development of greater regional electricity connectivity through the ASEAN Power Grid. As cross-border electricity trade develops, this may:
- Expand opportunities for regional power projects: Greater electricity connectivity may support the development of renewable generation and transmission infrastructure intended to serve electricity demand across national borders.
- Broaden participation across the power value chain: The development of cross-border electricity trade may create opportunities for developers, investors, lenders, utilities, Engineering, Procurement, and Construction (EPC) contractors, and other participants involved in the development and delivery of regional power infrastructure.
- Support access to renewable and low-carbon electricity: Greater regional electricity connectivity may enable electricity users to access renewable and low-carbon generation resources located elsewhere in ASEAN, while increasing the relevance of associated environmental attributes in structuring cross-border electricity supply and supporting corporate decarbonisation objectives.
Click on the following link for more information:
- METI Press Release titled “Singapore and the World Bank Group launch ASEAN Power Grid Mobilisation Partnership” (available on the METI website at www.meti.gov.sg)
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