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Singapore to spend $230 mln on clean energy research

Posted on Monday, March 26, 2007 posted by posted by Ecacofonix @ 9:46 AM

Singapore to spend $230 mln on clean energy research

26 Mar 2007, Source: Reuters

By Koh Gui Qing

SINGAPORE - Singapore will spend S$350 million ($230 million) on research into clean forms of energy over the next five years to meet soaring energy demand in the region, the government said on Monday.

Singapore will focus on solar power and fuel cell technologies research, the Economic Development Board (EDB) said, adding that the sector could create some 7,000 jobs and make up 0.6 percent of gross domestic product by 2015

Read the full report from here @ Reuters AlertNet

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