Singapore unveils five-year energy infrastructure plan

Spanish Market: Electricity, Natural gas
26/10/26

Singapore will expand its power generation capacity over 2026-31 to meet new electricity demand, the country's energy minister Tan See Leng said at the Singapore International Energy Week (SIEW), which runs over 26-30 October.

The city-state is set to start up five gas-fired power plants over 2026-31 to meet rising power demand, EMA said. The move is part of a five-year energy infrastructure plan that EMA released on 26 October. This will raise the country's generation capacity by about 26pc from its current capacity of 12GW, it added.

Singapore's peak electricity demand could reach 9.9-13GW by 2031, compared with 8.6GW as of August 2026, Singaporean energy regulator Energy Market Authority said separately on 26 October. The rise will largely be due to new demand from sectors such as semiconductor manufacturing and data centres, as well as the expanding use of electric transport.

EMA is also currently assessing proposals from a request for proposal (RFP) that closed in September this year for additional gas-fired power plants that will be operational by 2032, it said, adding that additional RFPs could be launched over the next five years.

Singapore is also studying the feasibility of establishing a new energy cluster at Pulau Tekong, an island off Singapore, targeting infrastructure such as hydrogen-ready gas-fired power plants, an LNG terminal and other low-carbon energy technologies. It is also set to raise its LNG regasification capacity to 15mn t/yr from 10mn t/yr, when its second LNG terminal at Jurong Port starts operations by 2030, EMA said. Natural gas accounts for 95pc of Singapore's power generation needs.

The country is also set to increase its energy storage capacity to just over 1GWh by 2030 from around 350MWh. Energy storage systems can improve power system resilience by responding to changes in supply and demand, as well as storing power in times of available spare network capacity and discharging during peak periods.

Singapore is also carrying out feasibility studies on a second electricity interconnection Singapore and peninsular Malaysia, which could support up to 2GW of capacity by 2030, EMA said. The move is part of the country's efforts to improve low-carbon power import flows.

It is also on track to reach its target of 3GW-peak (GWp) of solar deployment by 2030, and could expand that deployment to 4GWp by 2035, Tan said at the conference. The country's solar capacity is currently at about 2.3GWp. Solar remains Singapore's most viable indigenous renewable energy source, Tan added.

By Hykel Quek

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26/10/26

US majors set for profit boost from refining tailwinds

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Moeve, Galp abandon downstream merger talks

26/10/26

Moeve, Galp abandon downstream merger talks

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Return of Venezuela's Machado fills streets

26/10/26

Return of Venezuela's Machado fills streets

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Mexico's clean energy rollout still lags Latam

23/10/26

Mexico's clean energy rollout still lags Latam

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China's climate influence faces coal test

23/10/26

China's climate influence faces coal test

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