Leading power companies convened in Singapore to officially launch the new Singaporean member committee of the World Energy Council on 10 November.
With Singapore setting ambitious goals to reduce energy emissions intensity and stabilise greenhouse gas emissions outlined in the COP21 accord agreed in Paris, the Council’s Singaporean member committee and its constituent organisations will play an important role in complementing public-sector efforts.
Mr Wong Kim Yin, Group CEO of Singapore Power, Chair of World Energy Council Singapore chapter, said: “World Energy Council Singapore is a platform for the industry to come together to provide robust thought leadership and advance Singapore towards a more secure, accessible and sustainable energy future. With rapid change around us, the industry has much to offer in being a catalyst for transformation and developing solutions to help consumers save energy and cost and improve quality of life.”
The formation of the Council’s Singaporean member committee is timely, given the rapid transformation of the global energy industry due to the fast-paced development of new technologies, environmental challenges and changing consumer needs. The Singaporean member committee creates a platform for local industry to chart the course of Singapore’s energy landscape. The chapter seeks to better prepare the local energy industry for disruptive changes, and address the energy trilemma of creating a secure, accessible and sustainable energy future.
Dr Christoph Frei, Secretary General of the World Energy Council said: “We are delighted to welcome Singapore as our latest member committee. We are living in a new energy reality that is changing faster than ever. Creating a sustainable energy future will require positive leadership from governments, businesses, and investors; working together to enable the novel new policy and business frameworks. With Singapore’s leading energy players driving this chapter, I am confident of seeing innovative new approaches that can also benefit the global energy community.”
The Singapore chapter will tap into the Council’s network of more than 3,000 member organisations in more than 90 countries, for global insights and best practices on energy policy, innovation and sustainability strategies.
The founding members of the committee consists of Singapore Power, Senoko Energy, YTL PowerSeraya, Tuas Power, PacificLight Power and Singapore District Cooling (SDC). Singapore Power is the chairing organisation. This is the first time that companies across Singapore’s energy supply chain – from generation, transmission and distribution, to district cooling and heating, are forming an industry association.
Singapore joins Mongolia and Malaysia as the third member committee to join the World Energy Council in 2016.
Shigeru Muraki, Vice Chair for Asia Pacific & South East Asia commented: “I would like to extend my warm congratulations on the launch of the new Singaporean Member Committee. Singapore has been vital within the increasing Asian energy arena. I believe the member committee will take an important role in enhancing regional collaboration and integration, and will contribute to tackling various energy challenges in Asia as well as globally.”