KUALA LUMPUR: Tenaga Nasional Bhd (TNB) and Petroliam Nasional Bhd (Petronas) are moving closer to developing a regional renewable electricity corridor linking Vietnam, Malaysia and Singapore, following conditional approval from Singapore's Energy Market Authority.

The approval was granted to Sembcorp Utilities Pte Ltd, a subsidiary of Singapore-listed Sembcorp Industries, for a project that aims to supply Singapore with up to 1.3 gigawatts of renewable electricity through the Vietnam-Malaysia-Singapore initiative.

The project will combine offshore wind power from Vietnam with solar energy and battery storage facilities in Malaysia, with electricity imports expected to begin in 2035.

Under the proposed arrangement, electricity generated in Vietnam would be transmitted through Malaysia, which would serve as both a recipient of renewable power and a transit point for supplies destined for Singapore.