NationThailand-May 27
Vietnamese Prime Minister Pham Minh Chinh, and his Malaysian and Singaporean counterparts Anwar Ibrahim and Lawrence Wong witnessed the signing of an agreement on cooperation in exporting renewable energy, on the occasion of attending the 46th ASEAN Summit and related high-level meetings in Kuala Lumpur, on Monday. This event marks the first step in the implementation of the tripartite cooperation, affirming the common commitment to promoting cross-border clean electricity trade. This is also an important milestone, demonstrating the common determination to realize the vision of an ASEAN power grid and enhance regional energy connectivity in a more sustainable and flexible manner. Under the agreement, Malaysia, represented by MY Energy Consortium, an unincorporated consortium established by Tenaga Nasional Bhd (TNB) and Petroliam Nasional Bhd (Petronas), will collaborate with a consortium comprising Petrovietnam Technical Services Corporation (PTSC), a member of Vietnam National Industry–Energy Group (Petrovietnam), and Sembcorp Utilities Pte Ltd, a wholly-owned subsidiary of Singapore-based Sembcorp Industries (Sembcorp), to tap Vietnam’s abundant renewable energy potential, especially offshore wind power, to produce clean electricity and supply cross-border electricity.
The parties will jointly study the feasibility of exporting clean electricity from Vietnam to Malaysia and Singapore via submarine cables, connecting to the national grid of Peninsular Malaysia, and consider the possibility of additional power sources and storage systems to ensure stability. Read more at:
