EMA hires Deloitte as adviser
Streats, Financial, Thursday, January 15, 2004

SINGAPORE - The Energy Market Authority (EMA) has hired the consulting unit of Deloitte Touche Tohmatsu to advise it on the opening up of the electricity market.

The regulator plans to allow power producers to complete to sell electricity to house holds as part of its plan to open up the country's wholesale power market.

"The study would be examining the implementation of the final phase" of the liberalizing of the industry, EMA director of market development and assessment Wong Siew Kwong said at the Power & Gas Asia 2004 conference here.

"This phase involves the general public, the man in the street."

The regulator last month set new contracts on supply, forcing the nation's three main utilities - Senoko Power, Tuas Power and PowerSeraya - to produce a fixed amount of electricity this year to help boost competition.

Mr. Wong also said that Singao\pore is considering importing liquefied natural gas to fuel its power plants.

Senoko Power, the biggest power producer here, said that it may consider LNG as a fuel source. LNG is natural gas that's compressed and colored to be shipped via tankers. - Bloomberg

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