SINGAPORE, Oct 23 Reuters Singapore39;s expanding plans to tap into regional clean power markets will need to be economically attractive for producers and transmitters of electricity in order to succeed, industry executives said this week.

Regional grid interconnection is central to Singapore39;s strategy to decarbonise, with the country39;s Energy Market Authority EMA estimating clean power imports will account for 3075 of its electricity consumption by 2050, from zero now.

Eka Satria, CEO of Indonesia39;s Medco Power, among the firms awarded conditional licences to sell power to Singapore, said the citystate39;s proposed projects could require 20 billion to 30 billion in investments.

Ensuring that this investment can be returned fairly is important. We need to ensure that there is enough market in Singapore long term to take that power, he said during the Singapore International Energy Week conference this week.

The elephant in the room actually is the commercial viability.

To enable providers to recoup initial outlays, Singapore is prepared to give 30year import licences to companies that invest in the projects, EMA39;s CEO Puah Kok Keong said.

Singapore aims to import 6 gigawatts GW of lowcarbon power by 2035 and has awarded conditional approval for 10 projects from countries including Australia, Cambodia and Vietnam, with Indonesia accounting for more than half at 3.4 GW.

Singapore39;s ability to wean its economy off carbon depends on the development of a…