Singapore’s Energy Market Authority (EMA) has granted conditional approval to Sembcorp Utilities to import up to 1.3 gigawatts (GW) of electricity under a proposed renewable power initiative linking Vietnam, Malaysia and Singapore.
The project is designed to combine offshore wind resources in Vietnam with solar power generated in Malaysia. The proposed regional corridor would use Malaysia as a transit route for electricity supplied to Singapore.
Sembcorp Utilities is developing the project with MY Energy Consortium, which comprises Malaysia’s Petronas and Tenaga Nasional Berhad, alongside Petrovietnam Technical Services Corporation. Sembcorp, the consortium and PTSC signed a joint development agreement in May 2025 during the 46th ASEAN Summit in Kuala Lumpur.
The conditional approval allows the project to progress to further development. It is not final clearance to start electricity imports. The participating companies must obtain the remaining approvals from the relevant jurisdictions, conclude power purchase agreements with buyers and secure sufficient financing before the project can move ahead.
Sembcorp is working towards commencing electricity imports by 2035. The timeline will depend on the completion of these regulatory and commercial steps.
Singapore has been pursuing low-carbon electricity imports as part of its plan to decarbonise the power sector and diversify supply. The EMA has previously granted conditional approvals or licences for electricity import proposals involving Australia, Cambodia, Indonesia, Malaysia and Vietnam.
The initiative would expand Singapore’s potential sources of regional electricity. However, the proposed capacity and start date remain subject to further approvals and financing, and the project has not yet entered operation.
