Vietnam, Malaysia, Singapore sign for ASEAN power project

Vietnam, Malaysia and Singapore have joined hands through their respective government-owned power companies to explore the feasibility of transferring renewable energy, especially off-shore wind power from Vietnam through an under-sea cable and then transfer it overland to Singapore.

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The idea is to create an ASEAN power grid. But it is still at a very early stage. Only when the consortium finds it possible to pursue the idea further that the issues of costs and who would bear the cost of which part of the project will be decided.

The deal was signed on the sidelines of the ASEAN summit hosted by Malaysia on May 26. Malaysian Deputy Prime Minister and Minister for Energy Transition and Water Transformation Fadiullah Yusof said that the business and technical details remain to be worked out. Singapore Prime Minister Lawrence Wong said in a Facebook post, “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 a realty.”