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Abdul Samad Abdul Wahab on Energy (Resilience Measures and Miscellaneous Amendments) Bill

A Bill up for debate in Parliament on Tuesday (Nov 2) would allow Singapore’s Energy Market Authority (EMA) to finance, build and run its own power plants for security and reliability. However, NMP Abdul Samad Abdul Wahab told the House that industry players are concerned that such direct intervention by EMA might signal a market failure to investors. He said power generation companies, especially foreign-owned ones, are likely to see the regulatory risk in Singapore as high and be wary of investing in new capacity or upgrades. This would have a knock-on effect on workers.

Abdul Samad Abdul Wahab on Energy (Resilience Measures and Miscellaneous Amendments) Bill

02 Nov 2021 02:49pm

A Bill up for debate in Parliament on Tuesday (Nov 2) would allow Singapore’s Energy Market Authority (EMA) to finance, build and run its own power plants for security and reliability. However, NMP Abdul Samad Abdul Wahab told the House that industry players are concerned that such direct intervention by EMA might signal a market failure to investors. He said power generation companies, especially foreign-owned ones, are likely to see the regulatory risk in Singapore as high and be wary of investing in new capacity or upgrades. This would have a knock-on effect on workers.

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