Prime Minister Pham Minh Chinh, Malaysian Prime Minister Anwar Ibrahim and Singaporean Prime Minister Lawrence Wong witness the signing ceremony of a cooperation agreement between leading energy corporations of the three countries on exporting renewable electricity from Vietnam to Malaysia and Singapore. Photo: VGP/Nhat Bac

Under the 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) to tap Vietnam's abundant renewable energy potential, especially offshore wind power, to produce clean electricity and supply cross-border electricity.

The parties will jointly study the feasibility of exporting clean electricity from Vietnam to Malaysia and Singapore via submarine cables, connecting to the national grid of Peninsular Malaysia, and consider the possibility of additional power sources and storage systems to ensure stability.

This trilateral agreement marks a significant milestone in developing cross-border green infrastructure and harnessing Vietnam's renewable energy potential. This is also an important milestone, demonstrating the common determination to realize the vision of an ASEAN power grid and enhance regional energy connectivity in a more sustainable and flexible manner.