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Singapore Electricity Roundtable 2009 - Another Great Success
The fifth Singapore Electricity Roundtable on 17 and 18 November at the St. Regis Hotel sparked great interest. This is the second year EMC partnered the Energy Market Authority and Energy Studies Institute, hosting the Roundtable as part of the Singapore International Energy Week (SIEW).
Close to 200 participants attended the Roundtable, including representatives of our market participants, the electricity and energy industries, power generation suppliers, financial institutions, law firms, consultancies and local and overseas government ministries and agencies. Journalists were also invited to attend the Roundtable, and the event was covered in the media.
Participates hailed from a diverse spectrum of industries and wide range of countries, including Australia, Brunei, Hong Kong, Indonesia, Korea, Malaysia, New Zealand, Thailand, Vietnam, the UK and the US. EMC thanks everyone for their support of the Roundtable and your strong show of interest from both new and returning participants inspires us each year.
High-profile speakers and panellists from three continents shared their insights. EMC Chairman Wong Meng Meng welcomed the attendees, noting that this Roundtable and the SIEW offered an excellent opportunity to facilitate closer cooperation and the exchange of ideas among governments, businesses and academics on a regional and global basis.
Stuart Senior, Chief, Executive Officer, Elexon Ltd, UK, raised very interesting issues in his keynote, when addressing the challenges the UK electricity market is facing in view of its market design and the call for delivering secure low carbon electricity.
Keynote speaker Mr Stuart Senior addressing the audience
Professor William W. Hogan, Raymond Plank Professor of Global Energy Policy, John F. Kennedy School of Government, Harvard University, gave his insights on electricity market reforms – market design and the green agenda. Addressing the fundamental challenges of restructuring electricity markets as “green”, he focused on SmartGrids as part of the solution for climate change policies in most markets.
Professor Hogan providing his perspectives on electricity market reforms
Rajnish Goswami, Vice President, Head of Gas & Power Consulting, Asia & Middle East, Wood Mackenzie, provided his perspectives on recent trends and development in the LNG market. He covered the current and expected outlook for LNG demand and supply, and the factors influencing the supply and demand balance and prices.
Pham Manh Thang, Director General, Electricity Regulatory Authority of Vietnam (ERAV), gave an update on restructuring and tariff reform of the power section in Vietnam. Mr Thang provided a comprehensive overview of the Vietnam power sector, its development strategies, electricity tariff reforms the market had adopted, and the issues and lessons learnt from such reforms.
The panel discussion, “Benefits and opportunities in attracting global players to Singapore’s energy and electricity markets”, featured EMC CEO Dave Carlson as the moderator, joined by panellists Lawrence Wong, Chief Executive, Energy Market Authority (EMA); John Ng, CEO, PowerSeraya; Roy Adair, President and CEO of Senoko Power; and Lim Kong Puay, President and CEO of Tuas Power. The lively discussion and Q & A covered factors an investor is looking for when making investment decisions, how has Singapore benefitted in the past from attracting foreign investors, to assessments on the NEMS’s ability to meet the new challenges of foreign ownership. Mr Wong described the variety of opportunities for foreign investors the EMA provides, ranging from SmartGrid projects to electrical vehicles; further, he announced that the government will be releasing a new land site to develop a power station in the east. Panellists agreed that investors are looking for the type of stable legal and regulatory framework that Singapore provides.
Mr Dave Carlson moderates the panel discussion with panellists Mr Lawrence Wong, Mr John Ng, Mr Roy Adair and Mr Lim Kong Puay
Our first day ended with a networking reception for Roundtable and SIEW attendees at the garden terrace of the Shangri-La hotel. Guests had the opportunity to network with their counterparts while enjoying the open-spaced terrace.
Roundtable and SIEW participants enjoying the networking reception at the Shangri-La Hotel.
Our second day began with a sumptuous breakfast, followed by two workshops conducted by EMC members. Both workshops were fully-subscribed, with over 130 attendees.
The first workshop was conducted by Kenneth Lim, Senior Vice President, Market Operations and Information Technology, who presented an overview of the NEMS and provided updates to the Singapore market with an emphasis on the market development and performance.
Mr Kenneth Lim presenting to over 130 participants who registered for the workshop on day 2.
The second workshop was conducted by Chiao Yen Shong, Business Development Manager, and his co-presenters: Pham Quang Huy, Director, Power Market Department, Electricity Regulatory of Vietnam (ERAV); and Young-Meen Eom, Deputy Manager, Electricity Market Department, Korea Power Exchange (KPX). Dr Chiao and his co-presenters described three different electricity markets in Asia: the Philippines wholesale electricity spot market (WESM), the Vietnam power market and the Korean electricity market. The team emphasised the evolution of each market, key market features and recent developments.
We thank all participants for their active engagement in this year’s event and we hope to see you again at the Singapore Electricity Roundtable 2010.
Some of the press coverage arising from the Singapore Electricity Roundtable 2009 are as follows:
INSEAD Knowledge - article and interview with Professor Hogan
Check out more photos of the Singapore Electricity Roundtable 2009
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