Singapore signed MOU with Cambodia and UAE to strengthen energy partnerships
On October 28th, Singapore signed two Memorandums of Understanding (MOU) with Cambodia and the United Arab Emirates (UAE) to enhance energy cooperation.
On the opening day of Singapore International Energy Week (SIEW) held at the Marina Bay Sands Convention Centre, Mr. S. Iswaran, Singapore’s Minister in the Prime Minister’s Office and Second Minister for Home Affairs and Trade & Industry, signed the agreement with Mr. Cham Prasidh, Senior Minister and Minister of Industry, Mines and Energy from Cambodia. Mr. Iswaran also signed the agreement with Mr. Suhail bin Mohamed Faraj Fares Al Mazrouei, Minister of Energy of the UAE.
The MOUs serve as formal frameworks for Singapore and the two countries to share experiences and exchange information in areas such as energy efficiency and conservation, regulation of electricity, renewable energy and liquefied natural gas (LNG). The agreements will also facilitate collaboration in the private sector to explore future opportunities in energy.
The first project under the Singapore-Cambodia MOU will involve the training of 60 Cambodian energy officials in electrical safety systems, frameworks and regulations. It will help these officials develop standards on electrical wiring and safety for buildings and households throughout Cambodia. The project is co-funded by the Temasek Foundation, a Singaporean philanthropic organization set up by Temasek in 2007, and the Energy Market Authority and Ministry of Industry, Mines and Energy of the Kingdom of Cambodia.
SIEW 2013 will be held from the 28th of October to the 1st of November at the Marina Bay Sands Convention Centre. It is an annual week-long platform for energy professionals, policymakers and commentators to discuss issues and solutions in the global energy sector.
With climate change being a pressing concern in economic development, more players in the energy sector have begun moving towards energy efficient technologies and practices. SIEW, which was first organized in 2008 by the Singapore Energy Market Authority (EMA), a government statutory board, aims to facilitate the exchange of ideas on pertinent energy-related issues.