Singapore, 3 March 2021 – Sunseap Group and Tenaga Nasional Berhad (TNB) stated yesterday that they are intending to form a joint venture (JV) to participate in the trial by Singapore to import electricity from Malaysia.
The electricity to be imported by the JV could account for about 1.5 per cent of Singapore’s peak electricity demand, and could begin as early as end-2021 via the existing electricity interconnector between Singapore and Malaysia.
The JV will import 100 megawatts of electricity to be generated from renewable energy sources. If successful, the JV between Sunseap and TNB will invest in multiple solar farms across Malaysia and tap into other forms of clean energy, such as hydroelectricity, from TNB’s existing plants.
In October 2020, the Energy Market Authority (EMA) announced the trial as part of Singapore’s strategy to diversify the country’s energy supply by tapping into regional power grids for cleaner energy resources. The trial aims to assess and refine the technical and regulatory frameworks for importing electricity into Singapore. This would help to facilitate larger-scale imports from the region in the future.
Frank Phuan, co-founder and CEO of Sunseap, said, “We are pleased to partner TNB to contribute to Singapore’s long-term efforts to power our future through clean and Green energy sources. This partnership will expand our capabilities as a leading sustainable energy provider in the region and advance our mission of bringing affordable, reliable and clean energy to our customers in Singapore, especially in the data centre space.”
Datuk Ir Baharin Din, President and CEO of TNB, said, “Following our successful investments in the United Kingdom’s renewable businesses, the partnership with Sunseap is an important piece to continue our ongoing international expansion strategy. This partnership provides a solid regional platform with the capabilities, capacity and network to grow renewable and utility businesses in Southeast Asia.”
– Construction+ Online