Malaysian, Vietnamese and Singaporean Firms Ink Landmark Deal for Export of Renewable Energy

KUALA LUMPUR, May 26 (Bernama) -- In a landmark move for regional energy cooperation, leading energy companies from Malaysia, Singapore, and Vietnam have signed a joint development agreement to explore the export of renewable electricity from Vietnam to Malaysia and Singapore.

This strategic partnership highlights the growing commitment among industry leaders to advance regional power integration and accelerate decarbonisation through commercially viable solutions.

Through this 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).

Together, the consortia will focus on unlocking Vietnam’s rich renewable energy resources -- particularly offshore wind power -- as a source for green electron generation and to supply clean electricity across borders, they said in a joint statement here Monday.

This alliance reflects the growing momentum towards a regionally integrated ASEAN Power Grid.

-- BERNAMA