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Straits Times
7 days ago
- Business
- Straits Times
Vietnam to Malaysia and Singapore: The Power Is Yours
Renewable energy from Vietnam, especially wind, is set for export to Malaysia and Singapore via an undersea cable. PHOTO: ST FILE Companies ink deal to export renewable energy from Vietnam to Malaysia, Singapore at Asean Summit - Malaysia, Singapore and Vietnam will jointly explore the export of renewable energy following an agreement signed by their government-linked firms on May 26 to collaborate on developing a new electricity link . The signing, witnessed by leaders of all three countries at the sidelines of the Asean Summit chaired by Malaysia, will evaluate the feasibility of Vietnam sending power – particularly offshore wind – via subsea cable to Peninsular Malaysia's northeastern coast before being transmitted overland to Singapore. This represents the latest push from the regional grouping to establish an Asean Power Grid (APG) aimed at strengthening energy security and achieving net zero emissions. Malaysia's deputy premier Fadillah Yusof, who is also Energy Transition and Water Transformation Minister, told reporters after the signing ceremony that technical and business details are yet to be fully outlined. But Prime Minister Anwar Ibrahim has been bullish on the project, extolling its economic viability over other options and telling The Straits Times and selected regional media in a May 25 interview that the deal was 'considered done.' The collaboration sees a consortium comprising Sembcorp Utilities, a wholly-owned subsidiary of Singapore-based Sembcorp Industries, and PetroVietnam Technical Services Corporation (PTSC), a member of Vietnam National Industry – Energy Group (Petrovietnam), joining hands with Malaysia's MY Energy Consortium, an unincorporated consortium established by national electricity provider Tenaga Nasional Berhad (TNB) and state oil giant Petronas. Under the agreement, the partners will evaluate the feasibility of exporting renewable energy from Vietnam to Malaysia and Singapore via a new subsea cable, wheeled in and through the Peninsular Malaysia National Grid, the consortia said in a joint statement. 'To this end, the consortia will work closely with the relevant national authorities throughout the development process, seeking necessary approvals at various project phases, and paving the way for this significant regional power integration and energy interconnection,' according to the statement. In a Facebook post on May 26 about the joint agreement, Singapore's Prime Minister Lawrence Wong said: 'These efforts are part of our broader vision for an Asean Power Grid – connecting our region with a more resilient and reliable energy supply. Step by step, we are making this vision a reality.' Sembcorp and PTSC had in 2023 already inked a letter of intent for 1.2 gigawatts (GW) of renewable energy to be imported into the city-state which could begin by 2033. According to Datuk Seri Fadillah, the undersea cable will be underwritten by Petronas and TNB. 'Part of (the energy) will go to Singapore, part of it will go to Malaysia,' he said. However, as to who will bear the cabling cost, TNB president and chief executive officer Megat Jalaluddin Hassan said 'we have yet to come to that'. 'The next step for us is to go into the feasibility study, which will then determine the level and depth of the venture we will be undertaking,' he told reporters after the signing. He said that the consortiums involved in the project are hopeful that 'we can have something that shows our progress' by October's Asean Ministers on Energy Meeting. On May 25, Malaysia's Investment, Trade and Industry Minister Tengku Zafrul Aziz said negotiations on an enhanced memorandum of agreement for the APG are set to conclude at the same energy ministers meet. Another key connection for the APG is the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP), launched in 2022 to send 100 megawatts (MW) of renewable energy from Laos to Singapore. A second phase announced in 2024 doubled this amount. However, key stakeholders have acknowledged that intermediates countries, especially Thailand, need to upgrade their grids to handle larger loads in the gigawatts. Mr Fadillah had said that the Thai-Malaysia interconnection, 'commissioned in the early 2000s, is ageing. Its reliability has fallen below standards due to obsolescence, and our countries are finding it increasingly challenging to maintain the facilities.' 'As Malaysia and Thailand progress in integrating more renewable energy into our grids, the reliability of our interconnection becomes even more critical,' he said after a courtesy call on Thailand's Deputy Prime Minister Pirapan Salirathavibhaga, who also serves as the Energy Minister, on May 22. University of Malaya's international and strategic studies senior lecturer Lam Choong Wah told ST that as Vietnam harnesses offshore wind energy as a renewable source, transmitting the generated power via undersea cables is both more 'economically sensible and technically feasible' as compared to building an overland transmission line through Thailand and Cambodi a. He added that this approach is estimated to save nearly 1,000 kilometers in distance compared to the overland route. 'The question is who will pay for the upgrades. Thailand already controls most of the renewable energy from Laos,' a diplomatic source with knowledge of the matter told ST. Thailand has been buying renewable energy from Laos for over two decades, with import volumes reaching 6 GW. Shannon Teoh is The Straits Times' bureau chief for Malaysia, where he has reported on various beats since 1998. Lu Wei Hoong is Malaysia correspondent at The Straits Times, specialising in transport and politics. Join ST's WhatsApp Channel and get the latest news and must-reads.
Straits Times
7 days ago
- Business
- Straits Times
Malaysia, Singapore, Vietnam sign deal on renewable power export
The deal will involve the export of energy from sources that include offshore wind power, from Vietnam to Malaysia and Singapore. PHOTO: REUTERS KUALA LUMPUR - Malaysia, Singapore and Vietnam have signed an agreement to export renewable electricity, Malaysia's state news agency Bernama reported on May 26 . The deal will involve the export of energy from sources that include offshore wind power, from Vietnam to Malaysia and Singapore, it said. The agreement involves Malaysia's state electricity provider Tenaga Nasional and energy firm Petronas, Vietnam's PetroVietnam Technical Services Corporation, and Sembcorp Utilities of Singapore. The joint development agreement exchange ceremony was witnessed by Malaysia's Prime Minister Anwar Ibrahim on the sidelines of the Asean Summit in Kuala Lumpur on May 26 . Sembcorp Industries, the parent company of Sembcorp Utilities, said in a statement that under the agreement, the companies will evaluate the feasibility of exporting renewable energy from Vietnam to Malaysia and Singapore via a new subsea cable, wheeled in and through the Peninsular Malaysia National Grid. The focus of the joint venture will be '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', Sembcorp added. Malaysia's Deputy Prime Minister Fadillah Yusof, also Energy Transition and Water Transformation Minister, said that the cooperation is part of the Asean Power Grid project, an initiative to ensure energy security for the Asean region by connecting the power infrastructure across different countries. Singapore's target is to import around 6GW of low-carbon electricity by 2035, which is around one-third of the nation's energy demand then. This is a 50 per cent increase from the previous target of 4GW, which was set in 2021. REUTERS, THE STAR/ASIA NEWS NETWORK Join ST's WhatsApp Channel and get the latest news and must-reads.
Barnama
25-05-2025
- Business
- Barnama
Anwar Hails ASEAN Power Grid Success, Praises Vietnam's Role In Energy Transition
Prime Minister Datuk Seri Anwar Ibrahim (right) and his Vietnamese counterpart Pham Minh Chinh hold a joint press conference at Perdana Putra today In conjunction with the Vietnamese Prime Minister's five-day official visit to Malaysia. -- fotoBERNAMA (2025) COPYRIGHT RESERVED PUTRAJAYA, May 25 (Bernama) -- The ASEAN Power Grid undersea cable project linking Vietnam to Peninsular Malaysia and onward to Singapore stands out as one of the key achievements of this year's ASEAN Summit, Prime Minister Datuk Seri Anwar Ibrahim said. Speaking at a joint press conference with Vietnamese Prime Minister Pham Minh Chinh, who is on a five-day official visit to Malaysia starting yesterday, Anwar also expressed appreciation for Vietnam's strong support in advancing regional energy transition policies. 'All our programmes that we initiate, either in the context of multilateral ASEAN mechanisms or within bilateral Malaysia and Vietnam, you (Vietnam) have been very, very supportive. 'We not only pronounce but make impressive pronouncements on the gigantic projects or collaboration or diplomatic endeavour, but this time, we have been able to concretise it through effective programmes and projects, which is consistent with our energy transition policy for alternative energy for the ASEAN region,' he said. Anwar had previously announced that Malaysia would spearhead the first phase of an ambitious regional power grid integration plan, linking Vietnam to both northern and southern Peninsular Malaysia, and eventually connecting it to Singapore via the Malaysia National Grid. Anwar noted that Malaysia-Vietnam ties, elevated to a Comprehensive Strategic Partnership last year, have progressed rapidly, with tangible cooperation already in place across sectors such as agriculture (via MARDI), academia and maritime security. While acknowledging that some challenges remain, Anwar said both nations have agreed to strengthen collaboration through joint operations and enhanced security arrangements. He also commended Chinh's economic stewardship, describing Vietnam's progress under his leadership as 'phenomenal'. 'You (Pham) yourself are an economist; you have done remarkably well. Despite starting from a very low base after a period of devastation, but then in the few decades you have grown, and the transformation that has taken place is something that we admire, and there are certainly lessons we can learn from your experience,' he said.
The Sun
25-05-2025
- Business
- The Sun
Anwar hails ASEAN Power Grid success, praises Vietnam's role in energy transition
PUTRAJAYA: The ASEAN Power Grid undersea cable project linking Vietnam to Peninsular Malaysia and onward to Singapore stands out as one of the key achievements of this year's ASEAN Summit, Prime Minister Datuk Seri Anwar Ibrahim said. Speaking at a joint press conference with Vietnamese Prime Minister Pham Minh Chinh, who is on a five-day official visit to Malaysia starting yesterday, Anwar also expressed appreciation for Vietnam's strong support in advancing regional energy transition policies. 'All our programmes that we initiate, either in the context of multilateral ASEAN mechanisms or within bilateral Malaysia and Vietnam, you (Vietnam) have been very, very supportive. 'We not only pronounce but make impressive pronouncements on the gigantic projects or collaboration or diplomatic endeavour, but this time, we have been able to concretise it through effective programmes and projects, which is consistent with our energy transition policy for alternative energy for the ASEAN region,' he said. Anwar had previously announced that Malaysia would spearhead the first phase of an ambitious regional power grid integration plan, linking Vietnam to both northern and southern Peninsular Malaysia, and eventually connecting it to Singapore via the Malaysia National Grid. Anwar noted that Malaysia-Vietnam ties, elevated to a Comprehensive Strategic Partnership last year, have progressed rapidly, with tangible cooperation already in place across sectors such as agriculture (via MARDI), academia and maritime security. While acknowledging that some challenges remain, Anwar said both nations have agreed to strengthen collaboration through joint operations and enhanced security arrangements. He also commended Chinh's economic stewardship, describing Vietnam's progress under his leadership as 'phenomenal'. 'You (Pham) yourself are an economist; you have done remarkably well. Despite starting from a very low base after a period of devastation, but then in the few decades you have grown, and the transformation that has taken place is something that we admire, and there are certainly lessons we can learn from your experience,' he said. Reflecting on his role in strengthening ties with Vietnam, Anwar recalled that during his tenure as Finance Minister in 1993, he facilitated the entry of Malaysian banks into the Vietnamese market, a move rooted in confidence in Vietnam's future.
The Sun
25-05-2025
- Business
- The Sun
Anwar hails ASEAN Power Grid success
PUTRAJAYA: The ASEAN Power Grid undersea cable project linking Vietnam to Peninsular Malaysia and onward to Singapore stands out as one of the key achievements of this year's ASEAN Summit, Prime Minister Datuk Seri Anwar Ibrahim said. Speaking at a joint press conference with Vietnamese Prime Minister Pham Minh Chinh, who is on a five-day official visit to Malaysia starting yesterday, Anwar also expressed appreciation for Vietnam's strong support in advancing regional energy transition policies. 'All our programmes that we initiate, either in the context of multilateral ASEAN mechanisms or within bilateral Malaysia and Vietnam, you (Vietnam) have been very, very supportive. 'We not only pronounce but make impressive pronouncements on the gigantic projects or collaboration or diplomatic endeavour, but this time, we have been able to concretise it through effective programmes and projects, which is consistent with our energy transition policy for alternative energy for the ASEAN region,' he said. Anwar had previously announced that Malaysia would spearhead the first phase of an ambitious regional power grid integration plan, linking Vietnam to both northern and southern Peninsular Malaysia, and eventually connecting it to Singapore via the Malaysia National Grid. Anwar noted that Malaysia-Vietnam ties, elevated to a Comprehensive Strategic Partnership last year, have progressed rapidly, with tangible cooperation already in place across sectors such as agriculture (via MARDI), academia and maritime security. While acknowledging that some challenges remain, Anwar said both nations have agreed to strengthen collaboration through joint operations and enhanced security arrangements. He also commended Chinh's economic stewardship, describing Vietnam's progress under his leadership as 'phenomenal'. 'You (Pham) yourself are an economist; you have done remarkably well. Despite starting from a very low base after a period of devastation, but then in the few decades you have grown, and the transformation that has taken place is something that we admire, and there are certainly lessons we can learn from your experience,' he said. Reflecting on his role in strengthening ties with Vietnam, Anwar recalled that during his tenure as Finance Minister in 1993, he facilitated the entry of Malaysian banks into the Vietnamese market, a move rooted in confidence in Vietnam's future.
