SINGAPORE - Singapore will set up a $20 million fund to train Singaporean technical professionals for the local power sector, and also create a $25 million Energy Storage Programme to develop technology to boost the power system's stability and resilience.
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Here is the full statement from Energy Market Authority:
New $20 Million Training Fund For Power Sector
The Energy Market Authority is establishing a new $20 million Energy Training Fund to build a strong core of Singaporean technical professionals for the Power sector.
This fund will help meet the sector's manpower needs by supporting two key areas of manpower training, namely:
i) Development of new power-related training programmes for EMA approved training providers: co-funding of up to 50 per cent of qualifying costs; and
ii) Co-sharing of costs of local technical employees attending the EMA approved training programmes: funding of up to 70 per cent of course fees. More details can be found in the Annex.
On why this fund was established, Mr Chee Hong Tat, Chief Executive, EMA said, "It is important for EMA to support and work with the industry to develop a strong Singaporean core of technical professionals for the power sector.
"This includes opportunities for skills upgrading and continuous education and training, so that our workers are well-equipped to meet the sector's current and future needs."
This new training fund supports an earlier set of initiatives recommended by the industry-led Power Sector Manpower Taskforce (PSMT) to develop programmes and manpower to meet the challenges of the future.
On the timing of this move, Mr. Quek Poh Huat, Senior Adviser of Singapore Power Ltd, who chaired the PSMT said, "This new training fund reflects the Government's willingness to listen to industry feedback, and address the impending shortage of technical professionals due to an ageing workforce.
"It is timely and it complements the industry driven initiative to set up the Singapore Institute of Power and Gas (SIPG) to establish a one-stop professional training and development centre for the Power sector."
Mr Nachiappan RKS, General Secretary of Union of Power and Gas Employees (UPAGE) welcomed this initiative and said, "We are heartened by the strong commitment from the Industry as well as the Government to invest in workforce training and development to upgrade and reskill our workers with the relevant skillsets.
"This will also encourage more young Singaporeans to join and grow with the sector."