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Singapore granted conditional approvals to another two companies on Thursday (Sep 5) to import low-carbon electricity from Indonesia, as the country raised its import target. The two companies – Singa Renewables and Shell Eastern Trading – have been given the conditional nod to import 1.4 gigawatts (GW) of electricity in total, said the Energy Market Authority (EMA) on Thursday (Sep 5).
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The testing and commissioning of the project are set to begin next month, while commercial operations are slated as early as January 2025.
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The upcoming Belt and Road Summit in Hong Kong will highlight the territory’s role in fostering economic cooperation with ASEAN by leveraging its strengths in finance, innovation, and green development.