Through their respective government-owned power firms, Vietnam, Malaysia, and Singapore have partnered to investigate the viability of transmitting renewable energy, particularly offshore wind power, from Vietnam to Singapore via an undersea cable and then overland.
The goal is to establish one ASEAN electrical grid. However, it is still very early on. Costs and who would pay for what aspects of the project will only be resolved if the consortium determines that it is feasible to move forward with the plan.
The agreement was reached on the margins of the May 26 ASEAN conference, which Malaysia hosted. According to Malaysian Deputy Prime Minister and Minister for Energy Transition and Water Transformation Fadiullah Yusof, the financial and technical elements still need to be worked out. “These efforts are part of our broader vision for an Asean Power Grid connecting our region with a more resilient and reliable energy supply,” stated Singapore Prime Minister Lawrence Wong in a Facebook post. We are turning this into a reality step by step.
The partnership includes Malaysia’s MY Energy Consortium, an unincorporated partnership formed by state oil giant Petronas and national electricity provider Tenaga Nasional Berhad, as well as Singapore-based Sembcorp Industries and Petro Vietnam Technical Services Corporation, a member of the Vietnam National Industry-Energy Group.
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