Kuala Lumpur, 26 May 2025 – In a landmark move for regional energy cooperation, leading energy companies from Malaysia, Singapore, and Vietnam have signed a Joint Development Agreement to explore bóng đá tỷ lệ kèo nhà cái export of renewable electricity from Vietnam to Malaysia and Singapore. This strategic partnership highlights bóng đá tỷ lệ kèo nhà cái growing commitment among industry leaders to advance regional power integration and accelerate decarbonisation through commercially viable solutions.
Through this agreement, Malaysia as represented by MY Energy Consortium, an unincorporated consortium established by Tenaga Nasional Berhad (TNB) and Petroliam Nasional Berhad (PETRONAS), will collaborate with a consortium comprising PetroVietnam Technical Services Corporation (PTSC), a member of Vietnam National Industry – Energy Group (Petrovietnam) of Vietnam, and Sembcorp Utilities Pte Ltd, a wholly-owned subsidiary of Singapore-based Sembcorp Industries (Sembcorp). Together, bóng đá tỷ lệ kèo nhà cái 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. This alliance reflects bóng đá tỷ lệ kèo nhà cái growing momentum towards a regionally integrated ASEAN Power Grid.
Prime Minister Pham Minh Chinh, together with Malaysian Prime Minister Anwar Ibrahim and Singaporean Prime Minister Lawrence Wong, witnessed bóng đá tỷ lệ kèo nhà cái exchange of a Joint Development Agreement on bóng đá tỷ lệ kèo nhà cái export of renewable electricity from Vietnam to Malaysia and Singapore. Photo: Duong Giang - VNA
Under this agreement, bóng đá tỷ lệ kèo nhà cái consortia will evaluate bóng đá tỷ lệ kèo nhà cái feasibility of exporting renewable energy from Vietnam to Malaysia and Singapore via a new subsea cable, wheeled in and through bóng đá tỷ lệ kèo nhà cái Peninsular Malaysia national grid with potential additional firming renewable energy generation and storage. To this end, bóng đá tỷ lệ kèo nhà cái consortia will work closely with bóng đá tỷ lệ kèo nhà cái relevant national authorities throughout bóng đá tỷ lệ kèo nhà cái development process, seeking necessary approvals at various project phases, and paving bóng đá tỷ lệ kèo nhà cái way for this significant regional power integration and energy interconnection.
As bóng đá tỷ lệ kèo nhà cái current Chair of ASEAN in 2025, Malaysia plays a central role in fostering collaborative efforts that advance sustainability, resilience, and economic growth in bóng đá tỷ lệ kèo nhà cái region.
“Malaysia’s participation in this initiative reflects our strong commitment to bóng đá tỷ lệ kèo nhà cái ASEAN Power Grid vision, which aims to strengthen regional energy security through bóng đá tỷ lệ kèo nhà cái creation of a power transit hub. This tripartite partnership is a step forward in advancing transnational green infrastructure, tapping into Vietnam’s renewable energy potential, and delivering stable, low-carbon electricity to communities and businesses. It marks a significant milestone in our collective journey towards achieving net zero emissions,” said members of MY Energy Consortium Datuk Ir. Megat Jalaluddin Megat Hassan, President/Chief Executive Officer of Tenaga Nasional Berhad and Tan Sri Tengku Muhammad Taufik, President and Group Chief Executive Officer of PETRONAS in a joint statement.
As a member of ASEAN, Vietnam is advancing its strategic vision to become a regional renewable energy hub driven by a strong commitment to clean energy development, emissions reduction, and meeting Southeast Asia’s rising energy demands. Vietnam’s Prime Minister has underscored offshore wind as a national priority and is actively steering bold, targeted directives to accelerate bóng đá tỷ lệ kèo nhà cái growth of renewable energy. This demonstrates bóng đá tỷ lệ kèo nhà cái government’s strong political will and strategic commitment to building a sustainable energy landscape. By participating in this trilateral collaboration, Vietnam seeks to catalyse new economic opportunities, stimulate sustainable growth, and generate quality employment, while reinforcing ASEAN’s shared ambition for a resilient, lowcarbon energy future.
Prime Minister Pham Minh Chinh, together with Malaysian Prime Minister Anwar Ibrahim and Singaporean Prime Minister Lawrence Wong, witnessed bóng đá tỷ lệ kèo nhà cái exchange of a Joint Development Agreement on bóng đá tỷ lệ kèo nhà cái export of renewable electricity from Vietnam to Malaysia and Singapore. Photo: Duong Giang - VNA
“This agreement highlights bóng đá tỷ lệ kèo nhà cái role of PTSC in particular, and PVN as a whole, in advancing national energy transition strategies. We expect its effective implementation will mark a significant milestone — a starting point for renewable energy investment in Vietnam,” said Mr Tran Ho Bac, President and Chief Executive Officer of PTSC.
Singapore’s target is to import around 6GW of low-carbon electricity by 2035, which is around onethird of bóng đá tỷ lệ kèo nhà cái nation’s energy demand then. Connecting regional power grids will also promote bóng đá tỷ lệ kèo nhà cái development of renewable energy in bóng đá tỷ lệ kèo nhà cái region and paves bóng đá tỷ lệ kèo nhà cái way in realising bóng đá tỷ lệ kèo nhà cái ASEAN Power Grid vision.
Wong Kim Yin, Group Chief Executive Officer of Sembcorp Industries, said, “We are pleased to be part of this groundbreaking initiative, which underscores bóng đá tỷ lệ kèo nhà cái strength of regional collaboration. This agreement highlights Singapore’s strategic role as a demand centre and a key enabler of crossborder power imports to support its decarbonisation goals. We are committed to support ASEAN’s low-carbon transition through shared infrastructure and strengthened partnerships.”
This agreement endeavours to open pathways for a scalable model of cross-border renewable energy cooperation in Southeast Asia, which would position bóng đá tỷ lệ kèo nhà cái region as a global leader in collaborative decarbonisation and energy transition.
bóng đá tỷ lệ kèo nhà cái formal agreement exchange ceremony between MY Energy Consortium, PTSC and Sembcorp was held on bóng đá tỷ lệ kèo nhà cái sidelines of bóng đá tỷ lệ kèo nhà cái ASEAN Summit in Kuala Lumpur, Malaysia on 26 May 2025. bóng đá tỷ lệ kèo nhà cái ceremony marked a significant step forward in operationalising bóng đá tỷ lệ kèo nhà cái tripartite collaboration, affirming a shared commitment to advancing cross-border renewable energy trade. This milestone reflects growing momentum in bóng đá tỷ lệ kèo nhà cái realisation of bóng đá tỷ lệ kèo nhà cái ASEAN Power Grid, reinforcing regional cooperation towards a more resilient, sustainable, and interconnected energy future.
About MY Energy Consortium
MY Energy Consortium is a strategic collaboration, through an unincorporated consortium, established between Tenaga Nasional Berhad (TNB) and Petroliam Nasional Berhad (PETRONAS), Malaysia’s leading energy companies. Established to support Malaysia’s ambition to become a regional power transit hub, bóng đá tỷ lệ kèo nhà cái consortium plays a pivotal role in enabling cross-border renewable energy trading and advancing bóng đá tỷ lệ kèo nhà cái ASEAN Power Grid initiative. Through bóng đá tỷ lệ kèo nhà cái MY Energy Consortium, TNB and PETRONAS are jointly exploring bóng đá tỷ lệ kèo nhà cái Vietnam-Malaysia-Singapore interconnection which aims to accelerate regional energy connectivity, strengthen Malaysia’s energy security, and advance bóng đá tỷ lệ kèo nhà cái country’s role in supporting ASEAN’s low-carbon future.
TNB is Malaysia’s leading electricity utility with an international footprint in Asia, bóng đá tỷ lệ kèo nhà cái United Kingdom, Ireland, and Australia. With a renewable energy portfolio of over 4,300MW in Peninsular Malaysia and across key markets as of 2023, TNB plays a vital role in bóng đá tỷ lệ kèo nhà cái generation, transmission, and distribution of electricity to more than 11 million customers across Peninsular Malaysia, Sabah, and bóng đá tỷ lệ kèo nhà cái Federal Territory of Labuan.
As a global energy and solutions partner, PETRONAS is driven by its purpose to enrich lives for a sustainable future. With presence in over 100 countries, bóng đá tỷ lệ kèo nhà cái group continues expanding its portfolios ranging from conventional and cleaner energy solutions to a diverse range of fuel, lubricants and petrochemical products. While ensuring sustainable practices across its operations, PETRONAS strives to ensure just and equitable outcomes in transitioning to a lower carbon future.
About PTSC
PetroVietnam Technical Services Corporation (PTSC), a key member of bóng đá tỷ lệ kèo nhà cái Vietnam National Industry - Energy Group (Petrovietnam), is a leading provider of technical services for bóng đá tỷ lệ kèo nhà cái oil and gas, industrial, and energy sectors in Vietnam and bóng đá tỷ lệ kèo nhà cái region. Leveraging its experience in delivering complex, large-scale projects, PTSC is actively expanding into offshore wind and emerging as a key enabler of regional and cross-border energy initiatives. PTSC is committed to working with partners to build a sustainable energy ecosystem and advance bóng đá tỷ lệ kèo nhà cái vision of a greener, more interconnected ASEAN.
About SEMBCORP INDUSTRIES (Company registration: 199802418D)
Sembcorp Industries (Sembcorp) is a leading energy and urban solutions provider, led by its purpose to drive energy transition. Headquartered in Singapore, Sembcorp delivers sustainable solutions to support energy transition and urban development by leveraging its sector expertise and global track record. Sembcorp has a balanced energy portfolio of 25.3GW, including 17.2GW of gross renewable energy capacity, across 11 countries*. Its urban development projects span 14,800 hectares across Asia and have generated over 414,000 employment opportunities and attracted close to US$58 billion of investment capital. Sembcorp is listed on bóng đá tỷ lệ kèo nhà cái main board of bóng đá tỷ lệ kèo nhà cái Singapore Exchange. It is a constituent stock of FTSE Russell Index, MSCI Singapore Index, Straits Times Index as well as sustainability indices including FTSE4Good Index and several MSCI ESG indices. For more information, please visit www.sembcorp.com.
* Total gross capacity assumes 100% ownership of assets, including projects secured and under construction, and acquisitions pending completion.