The Singapore Government Mission had a meeting with PTSC on the cross-national electricity import and export project
14:15 | 06/03/2024
Joining the Mission were representatives from the Singapore Embassy in Hanoi, the Singapore Consulate in Ho Chi Minh City, the Singapore Ministry of Trade, the Energy Market Authority (EMA) and the Partner as Semcorp Utilities (SCU).
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| The Singapore Government delegation working with PTSC (March 4, 2024, in Vung Tau City). |
During the working visit, the authorities of the Singapore Government witnessed with their own eyes the most new and modern synchronous infrastructure, facilities and equipment in the Asia-Pacific region invested by PTSC to serve offshore renewable energy projects around the world, including this transnational project.
This has further strengthened the confidence of Singapore Government authorities in choosing Vietnam as the final country in the target of importing about 4 GW of clean electricity to Singapore from 2030, with PTSC in its role as co-investor and project developer.
Also during the meeting, PTSC and partner SCU presented the implementation plan and proposed mechanisms and policies to implement this project.
With the goal of commercial electricity generation by 2033, PTSC and its partners had outlined a specific roadmap from the survey, investment plan, and development of an offshore wind farm in Vietnam to produce and export about 1.2 GW of clean electricity from Vietnam to Singapore via high-voltage submarine cables.
Through the meeting, the authorities of the Singapore Government affirmed that they will continue to support PTSC and partners during project implementation - this will not only help Singapore soon achieve the goal of bringing net emissions to zero (Net zero) by 2050 but also further tighten the bilateral cooperation relationship between Singapore and Vietnam and realize the "digital economy - green economy partnership" between the two countries. On PTSC and SCU's sides, after exchanging the certificate license for surveying (conditional) to import clean electricity from Vietnam to Singapore from the two countries' authorities at the end of 2023 and especially after this meeting, it will continue to promote the implementation of further work to implement the project soon successfully.