Posted: 12 July 2011 1103 hrs
SINGAPORE : Another S$195 million will be allocated
to promote research and development in the energy sector in
Singapore over the next five years.
The inter-agency Energy Innovation Programme Office (EIPO) said on
Tuesday that the additional funding will help accelerate the growth
of the clean energy industry in Singapore.
The target is for the sector to contribute S$1.7 billion of
economic value-add and 7,000 skilled jobs by 2015.
The funding will enable EIPO to build on the existing strengths in
solar energy, and diversify into new growth areas such as smart
grids, green buildings, and carbon capture and utilisation
(CCU).
In addition, the funding will augment EIPO's efforts in the
commercialisation of R&D results and develop postgraduate
talent.
Singapore's clean technology sector as a whole has received a boost
in R&D funding lately.
This allocation follows Deputy Prime Minister Tharman
Shanmugaratnam's announcement of an additional S$140 million from
the National Research Foundation devoted to R&D in the water
sector.
- CNA/al