Malaysia, Vietnam and Singapore unite to power Asean's green future
KUALA LUMPUR: Energy companies from Malaysia, Singapore and Vietnam have formed a strategic partnership to explore the export of renewable electricity from Vietnam to both Malaysia and Singapore.
The collaboration involves the MY Energy Consortium, an unincorporated partnership established by Tenaga Nasional Bhd (TNB) and Petronas, working alongside a separate consortium comprising PetroVietnam Technical Services Corporation (PTSC) — a subsidiary of the Vietnam National Oil and Gas Group (Petrovietnam) — and Sembcorp Utilities Pte Ltd, a subsidiary of Singapore's Sembcorp Industries.
Together, the consortia aim to unlock Vietnam's abundant renewable energy potential, particularly in offshore wind, as a sustainable source of green electricity for cross-border transmission.
This trilateral initiative underscores growing regional momentum towards the realisation of an Asean Power Grid — a regionally integrated energy infrastructure that enhances energy security and sustainability.
The parties will assess the feasibility of exporting renewable energy from Vietnam to Malaysia and Singapore via a new subsea transmission cable, which will be integrated through the Peninsular Malaysia National Grid.
The project may also involve supplementary firming power generation and energy storage using renewable sources.
In a joint statement, the MY Energy Consortium said Malaysia's involvement in the project signaled a firm commitment to the Asean Power Grid vision, which seeks to establish a regional power transit hub and reinforce energy cooperation across member states.
"This tripartite partnership represents a significant step in advancing transnational green infrastructure. It aims to harness Vietnam's renewable energy resources and deliver stable, low-carbon electricity to communities and businesses.
"It marks a major milestone in our shared journey towards achieving net zero emissions," the statement said.
The consortia will engage closely with the respective national authorities throughout the project's development, seeking necessary approvals at various stages and laying the groundwork for deeper regional power integration and interconnection.
As the current Asean chair for 2025, Malaysia plays a pivotal role in fostering collaborative efforts that promote sustainability, resilience, and inclusive economic growth across the region.
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