Singapore to step up energy industry investment
Tuesday, 13 November 2007
SINGAPORE, Nov. 12 (/Xinhua): Singapore has been striving to develop its energy industry in recent years, aiming to increase the value-added of the energy sector from current 20 billion to 34 billion Singapore dollars (about from 13.8 billion to 23.4 billion US dollars) by 2015.
It will also triple the employment in the industry from 5,700 to 15,300, Minister for Trade and Industry Lim Hng Kiang unveiled here today.
To do so, a six-point national energy policy framework will be implemented to balance economic competitiveness, energy security, and environmental sustainability.
They include promoting Singapore's competitive energy markets to keep energy affordable, diversifying energy sources to guard against supply disruptions and price increases, and improving energy efficiency, as well as investing more in research and development (R&D).
It will also triple the employment in the industry from 5,700 to 15,300, Minister for Trade and Industry Lim Hng Kiang unveiled here today.
To do so, a six-point national energy policy framework will be implemented to balance economic competitiveness, energy security, and environmental sustainability.
They include promoting Singapore's competitive energy markets to keep energy affordable, diversifying energy sources to guard against supply disruptions and price increases, and improving energy efficiency, as well as investing more in research and development (R&D).