KUALA LUMPUR, Oct 26 (Bernama) -- The Vietnam-Malaysia-Singapore (VMS) renewable electricity initiative has reached an important milestone, with Singapore’s Energy Market Authority (EMA) granting conditional approval to Sembcorp Utilities Pte Ltd, a wholly-owned subsidiary of Sembcorp Industries, the designated importer for the proposed project, said a joint statement.
Business : Vietnam-Malaysia-Singapore Renewable Energy Project Secures Singaporeâs Conditional Approval
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Key takeaways
Singapore's EMA conditionally approved Sembcorp Utilities for the VMS renewable energy project, aiming to import 1.3 GW of power by 2035.
- Singapore's EMA granted conditional approval to Sembcorp for the VMS project.
- The project will import renewable energy from Vietnam through Malaysia to Singapore.
- The initiative involves multiple companies and aims to boost regional energy connectivity.
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