Wind Energy – Export
Vietnam will export wind power to Singapore under a joint development agreement made between the two countries.
The agreement was signed and exchanged between Vietnam’s PetroVietnam Technical Services Corporation (PTSC) and Sembcorp Utilities under Singapore’s Sembcorp Industries, a leading energy and urban solution provider, after a meeting between PM Chinh and Tow Heng Tan, deputy chairman of Sembcorp Industries.
The deal came on the last day of the three-day visit to Singapore by PM Chinh and his wife, Le Thi Bich Tran, and their entourage, at the invitation of his Singaporean counterpart Lee Hsien Loong.
“PM Loong and I had an exchange about Vietnam being able to provide 4,000MW of electricity to Singapore in the future through the building of a power transmission line in the East Vietnam Sea,” PM Chinh told Tow, citing his talks with the Singapore PM a day earlier.
Tow expressed his desire to receive the Vietnamese government’s facilitation for the cooperation plan between Sembcorp and PTSC to implement offshore wind power projects in Vietnam and export this type of green energy to the city-state.
PM Chinh emphasized his support for Sembcorp’s efforts to develop renewable energy projects in Vietnam, including the aforementioned cooperation plan between the group and PTSC.
“It is our determination to do this in the spirit of harmonizing benefits and sharing risks,” said the leader of the Vietnamese government.
He emphasized that the investors of such projects can report any obstacles facing them during their project implementation through different channels, even directly to him, for resolution.
It was a right decision for Sembcorp to choose PTSC as its partner since the latter has experience and capacity to develop offshore wind power projects, PM Chinh said.
If the joint development agreement is successful, this will be a testament to the cooperation of the two countries, contributing to strengthening the foundation for establishing the digital green economy relationship that Vietnam and Singapore are aiming for, the PM said.
Besides the agreement, the group will continue boosting its operations in Vietnam, including Vietnam-Singapore Industrial Park (VSIP) projects, the Sembcorp deputy chairman said.