Malaysia, Singapore, Vietnam sign deal on renewable power export
KUALA LUMPUR - Malaysia, Singapore and Vietnam have signed an agreement to export renewable electricity, Malaysia's state news agency Bernama reported on May 26 .
The deal will involve the export of energy from sources that include offshore wind power, from Vietnam to Malaysia and Singapore, it said.
The agreement involves Malaysia's state electricity provider Tenaga Nasional and energy firm Petronas, Vietnam's PetroVietnam Technical Services Corporation, and Sembcorp Utilities of Singapore.
The joint development agreement exchange ceremony was witnessed by Malaysia's Prime Minister Anwar Ibrahim on the sidelines of the Asean Summit in Kuala Lumpur on May 26 .
Sembcorp Industries, the parent company of Sembcorp Utilities, said in a statement that under the agreement, the companies will evaluate the feasibility of exporting renewable energy from Vietnam to Malaysia and Singapore via a new subsea cable, wheeled in and through the Peninsular Malaysia National Grid.
The focus of the joint venture will be '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', Sembcorp added.
Malaysia's Deputy Prime Minister Fadillah Yusof, also Energy Transition and Water Transformation Minister, said that the cooperation is part of the Asean Power Grid project, an initiative to ensure energy security for the Asean region by connecting the power infrastructure across different countries.
Singapore's target is to import around 6GW of low-carbon electricity by 2035, which is around one-third of the nation's energy demand then. This is a 50 per cent increase from the previous target of 4GW, which was set in 2021. REUTERS, THE STAR/ASIA NEWS NETWORK
Join ST's WhatsApp Channel and get the latest news and must-reads.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Straits Times
3 hours ago
- Straits Times
Peruvian informal miners suspend talks with government due to disagreements in negotiations
FILE PHOTO: Informal artisanal miners protest outside the Congress to pressure the Peruvian government to extend the deadline to formalize informal mining operations, in Lima, Peru July 3, 2025. REUTERS/Gerardo Marin/File Photo LIMA - Informal miners in Peru suspended talks with the government and may resume protests due to disagreements in negotiations, one of the protest leaders said on Friday. CONFEMIN union leader, Maximo Franco Bequer, told reporters the government refused to alter an August 17 deadline for miners to move explosives into formal "powder magazines." He said 20,000 miners who cannot meet the deadline would be excluded from a government program to formalize their work. The miners, located in the Cusco region, had suspended their two-week-long protest on July 15 that had blocked a major copper transit route used by mining firms MMG, Glencore and Hudbay. Informal miners in Peru operate with temporary permits under a program created over a decade ago that the government has been trying to end. The miners say the stricter regulations to formalize their work and operate legally are too onerous and would likely leave them without employment. The union expects to meet in the coming hours to decide on new protests. REUTERS
Straits Times
4 hours ago
- Straits Times
Rwanda, Congo agree on outline for economic framework as part of peace deal
Sign up now: Get ST's newsletters delivered to your inbox WASHINGTON/DAKAR - Rwanda and the Democratic Republic of Congo on Friday agreed on an outline for the regional economic integration framework, according to the U.S. State Department, as the two countries take steps toward delivering on a peace deal signed in Washington in June. The tenets agreed on Friday summarize the framework, which includes elements of cooperation on energy, infrastructure, mineral supply chains, national parks and public health, the State Department said in a statement. Rwanda and Congo signed a peace deal in Washington in June at talks held by U.S. President Donald Trump's administration, which aims to bring an end to fighting that has killed thousands and attract billions of dollars of Western investment to a region rich in tantalum, gold, cobalt, copper, lithium and other minerals. As part of the deal, Kinshasa and Kigali agreed to launch a regional economic integration framework within 90 days, the agreement said. A source familiar with the matter said a preliminary draft of the framework has been agreed to and there would now be an input period to get reaction from the private sector and civil society before it is finalized. The framework is planned to be signed at a meeting of heads of state at the White House. No date has been set yet for that meeting, the source said. In the Friday statement, Rwanda and Congo affirmed that each country has "full, sovereign control" over the exploitation, processing and export of its natural resources and recognized the importance of developing mineral processing and transformation capacity within each country, according to a copy seen by Reuters. Kinshasa views the plundering of its mineral wealth as a key driver of the conflict between its forces and Rwanda-backed M23 rebels in eastern Congo. Reuters reported in May that Congolese minerals such as tungsten, tantalum and tin, which Kinshasa has long accused neighbouring Rwanda of illegally exploiting, could be exported legitimately to Rwanda for processing under the terms of the deal being negotiated by the U.S., according to sources. The two countries are committed to ensuring that the minerals trade no longer provides funding to armed groups and to create a world-class industrial mining sector in the region, as well as to ensure better cross-border interoperability on mineral supply chains, according to the statement. NEW INFRASTRUCTURE They also agreed to connect new infrastructure to the U.S.-backed Lobito Corridor, underscoring Washington's aim of greater access to resources in the region and efforts to counter China. The Ruzizi III hydropower project and Lake Kivu methane exploitation were the only specific projects mentioned in the statement, despite U.S. emphasis on critical minerals. The countries said they intended to prioritize financing for Ruzizi and work together to exploit the methane gas sustainably. Friday's announcement comes after the two countries held the first meeting of a joint oversight committee on Thursday in a step toward implementing the Washington peace deal even as other commitments are yet to be fulfilled. In the Washington agreement, the two African countries pledged to implement a 2024 deal that would see Rwandan troops withdraw from eastern Congo within 90 days. Congolese military operations targeting the Democratic Forces for the Liberation of Rwanda (FDLR), a Congo-based armed group that includes remnants of Rwanda's former army and militias that carried out a 1994 genocide, are meant to conclude over the same timeframe. The deal also said Congo and Rwanda would form a joint security coordination mechanism within 30 days and implement a plan agreed last year to monitor and verify the withdrawal of Rwandan soldiers within three months. But 30 days from the signing has passed without a meeting of the joint security coordination mechanism. The source familiar with the matter said the joint security coordination mechanism meeting would be held on August 7 in Addis Ababa. Congo is also involved in direct talks with M23 hosted by Qatar, and last month the two sides pledged to sign a separate peace agreement by August 18, though many outstanding details need to be negotiated. REUTERS
Straits Times
5 hours ago
- Straits Times
Rwanda, Congo agree on outline for economic integration framework as part of peace deal, US says
WASHINGTON/PARIS - Rwanda and the Democratic Republic of Congo on Friday agreed on an outline for the regional economic integration framework, according to the U.S. State Department, as the two countries take steps toward delivering on a peace deal signed in Washington last month. The tenets agreed on Friday summarize the framework, which includes elements of cooperation on energy, infrastructure, mineral supply chains, national parks and public health. Rwanda and Congo signed a peace deal in Washington in June at talks held by U.S. President Donald Trump's administration, which aims to bring an end to fighting that has killed thousands and attract billions of dollars of Western investment to a region rich in tantalum, gold, cobalt, copper, lithium and other minerals. As part of the deal, Kinshasa and Kigali agreed to launch a regional economic integration framework within 90 days, the agreement said. A source familiar with the matter said a preliminary draft of the framework has been agreed to and there would now be an input period to get reaction from the private sector and civil society before it is finalized. The framework is planned to be signed at a meeting of heads of state at the White House. No date has been set yet for that meeting, the source said. In the Friday statement, Rwanda and Congo affirmed that each country has "full, sovereign control" over the exploitation, processing and export of its natural resources and recognized the importance of developing mineral processing and transformation capacity within each country, according to a copy seen by Reuters. Top stories Swipe. Select. Stay informed. World Trump deploys nuclear submarines in row with Russia World 'Optimistic' Bessent says US has makings of a deal with China Asia Asia-Pacific economies welcome new US tariff rates, but concerns over extent of full impact remain Singapore Man in SAF custody after allegedly vaping on bus while in army uniform Asia 'Like me? Approach me directly, okay?': Inside a matchmaking event for China's wealthy Opinion America is tearing down another great public institution Opinion Quiet zones in public spaces can help people recharge in the city Tech Reporting suspected advanced cyber attacks will provide a defence framework: Shanmugam Kinshasa views the plundering of its mineral wealth as a key driver of the conflict between its forces and Rwanda-backed M23 rebels in eastern Congo. Reuters reported in May that Congolese minerals such as tungsten, tantalum and tin, which Kinshasa has long accused neighbouring Rwanda of illegally exploiting, could be exported legitimately to Rwanda for processing under the terms of the deal being negotiated by the U.S., according to sources. The two countries are committed to ensuring that the minerals trade no longer provides funding to armed groups and to create a world-class industrial mining sector in the region, as well as to ensure better cross-border interoperability on mineral supply chains, according to the statement. They also agreed to connect new infrastructure to the U.S.-backed Lobito Corridor, underscoring Washington's aim of greater access to resources in the region and efforts to counter China. The Ruzizi III hydropower project and Lake Kivu methane exploitation were the only specific projects mentioned in the statement, despite U.S. emphasis on critical minerals. The countries said they intended to prioritize financing for Ruzizi and work together to exploit the methane gas sustainably. REUTERS
