Accelerating power grid interconnectivity in Southeast Asia: a private sector perspective

Abstract

Integrating the power systems between member states of the Association of Southeast Asian Nations (ASEAN) can facilitate economic growth for the region and enable businesses to cost-effectively procure reliable, clean electricity. As corporations strengthen their clean energy commitments, the grid becomes an important enabler of power sector emissions reductions as well as economic development. This paper offers perspectives from the Asia Clean Energy Coalition (ACEC) on the importance of renewing the Memorandum of Understanding (MOU) on the ASEAN Power Grid, focusing on accelerated implementation to expand multilateral power trade and cross-border grid interconnections. ACEC consists of clean energy buyers, sellers, and financiers that can drive economic growth. It supports strengthening the ASEAN Power Grid MOU to recognise the importance of holistic regional grid planning, prioritising interconnectors that scale up clean energy, harmonising regulatory and technical frameworks, and making data accessible to facilitate multilateral power trade and clean energy tracking.