1. The Department of Energy at the Prime Minister’s Office of Brunei Darussalam, the Ministry of Energy and Mineral Resources of the Republic of Indonesia, the Ministry of Natural Resources, Environment, and Climate Change of Malaysia, and the Department of Energy of the Republic of the Philippines agreed today on initiating a pilot project entitled “Brunei Darussalam, Indonesia, Malaysia, the Philippines (BIMP) Power Integration Project (PIP)” to study cross-border power trade amongst BIMP countries.
2. Launched during Indonesia’s ASEAN Chairmanship in 2023, this initiative will serve to complement the existing efforts towards realising the ASEAN Power Grid under ASEAN Economic Community Blueprint, by expanding opportunities for multilateral power trading (MPT) beyond neighboring borders. The initiative will contribute towards enhancing sustainable energy security and economic prosperity through interconnectivity, taking into consideration their respective national circumstances, capabilities, and priorities.
Download the full statement here.
Source: ASEAN.org
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<p>Time: 2024 By: Ministry of Industry and Trade</p>
