Bilateral agreements key to mitigating risks of Asean Power Grid projects: OCBC

[SINGAPORE] To overcome significant political and regulatory risks hindering the Asean Power Grid (APG), governments within the regional bloc should first ink overarching bilateral agreements governing cross-border electricity trade, said OCBC group chief sustainability officer Mike Ng.

“Many of the individual regulatory issues... are ultimately symptoms of the absence of a sufficiently durable cross-border legal framework,” he said in an exclusive interview with The Business Times.

He was speaking about a new report examining the commercial and legal conditions required to finance projects that export low-carbon electricity to Singapore.