, Singapore
637 views
Photo by Energie-portal.sk via Unsplash

EMA calls for new power generation capacity to meet rising demand

Singapore adds gas plants as demand curve steepens to decade high range.

The Energy Market Authority (EMA) has launched a Request for Proposal (RFP) for new electricity generation capacity to be operational in 2031 and 2032, as it prepares for rising power demand.

In a press release, EMA said it is seeking private sector developers to build, own, and operate hydrogen-ready combined cycle gas turbine (CCGT) generating units under a centralised procurement process.

The RFP covers one generating unit targeted for completion in 2031 and up to two additional units for 2032, with each unit expected to provide at least 600 megawatts of capacity.

EMA said Singapore’s electricity demand has increased over time, driven by industrial and digital sectors, including semiconductors and data centres. It expects continued growth from these sectors over the next decades.

Based on EMA projections, peak electricity demand is expected to grow by 2.4% to 4.8% annually over the next ten years. By 2031, peak demand is forecast to reach between 9.6 gigawatts and 11.4 gigawatts.

Puah Kok Keong, CEO of EMA, said CCGTs will remain necessary to provide baseload electricity, whilst Singapore develops a diversified energy mix.

Interested parties must submit proposals by 24 June 2026 for the 2031 generating unit and by 30 September 2026 for the 2032 units.

Join Singapore Business Review community

Follow the link for more news on

Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Top News

Singapore, Sweden deepen clean-energy cooperation
The partnership will focus on hydrogen, ammonia, regional power links and high-voltage transmission technologies.

Exclusives

Singapore opens door to foreign stablecoins under tighter rules
Banks may need separate companies to issue stablecoins under the proposed framework.
Singapore's most notable architecture professionals under 40 of 2026
The honourees span five firms, with women in the majority and a combined portfolio that includes a $960m hospital campus.