Grant to Help Firms Reduce Energy Bills

Jul 2022

On June 21st, Singapore’s Ministry of Finance announced the new Energy Efficiency Grant. The grant will assist SMEs in the food services, food manufacturing, and retail sectors with up to 70% financial support for energy-efficient equipment, after approval, in certain categories. The general aim of the grant, therefore, is to provide funds to local firms in select sectors and enable lower energy bills amid rising electricity costs.

The grant will cover energy-efficient equipment in categories such as LED lighting, air-conditioners, cooking hobs, refrigerators, water heaters, and dryers. The cap is at USD 30,000 per company.

“The grant will support firms to improve their energy efficiency and alleviate increasing business costs due to increased energy prices,” the ministry added.

(Source: The Strait Times)

About Us

Orissa International helps companies that want to develop a market entry strategy for Southeast Asia or implement their business expansion into the region. We have very strong domain knowledge of markets and industry sectors, and a business network of over 16,000 companies that includes distributors, resellers, system integrators and local manufacturers, that we have built through advising and guiding more than 5,000 companies with their market expansion into the ASEAN region over the last 25 years.

Orissa International is headquartered in Singapore, with additional offices in Malaysia, Indonesia, Thailand, Vietnam, and the Philippines.

Our Services