Bandar Seri Begawan Energy Storage Project Investment

Why did Brunei upgrade its power plant?

The project upgrade will help Brunei meet its growing power demand and also meet its "Green Brunei" initiative to promote energy efficiency and develop cleaner energy projects.

Why did GE invest in Brunei?

The Brunei ORegen project also illustrates GE's ongoing commitment to help the government address its long-term energy infrastructure priorities. In 2012, GE opened a corporate office in Brunei to oversee the company's local operations and coordinate efforts to develop the local workforce.

Why is Brunei Darussalam focusing on oil & gas development?

Brunei Darussalam continues to strengthen upstream oil and gas activities to ensure long-term energy security and sustainability of oil and gas reserves. The country is considering the development of unexplored areas such as deepwater fields.

Can a solar farm be developed in Brunei?

The new solar farms may be developed through public-private partnerships as the ministry seeks to reduce the government’s financial burden. Brunei has set a target of generating 100 MW of solar energy by 2025 as part of the government’s initiative to slash greenhouse gas emissions by 20 percent over the next 10 years.

What does Brunei Darussalam do?

Brunei Darussalam is focusing on developing downstream energy industries by maximising economic spin-off potential from upstream production and assets. Brunei Darussalam aims to reduce energy intensity by 45% by 2035 from the baseline year of 2005, in line with its regional commitment to the Asia-Pacific Economic Cooperation.

What is the largest foreign direct investment project in Brunei?

Hengyi is the largest foreign direct investment project in Brunei, exporting 9.46 million metric tonnes of petrochemical products worth US$4.08 billion since its oil refinery started operations in November 2019.