Sunseap and Tenaga Nasional to Form Partnership to Import Clean Energy from Malaysia to Singapore
Sunseap Group, Singapore’s leading solar energy provider and Tenaga Nasional Berhad (TNB), Malaysia’s largest electricity utility, recently confirmed today that they are intending to forma joint venture to participate in the trial by Singapore to import electricity from Malaysia. The JV will import 100 MegaWatt (MWac) of electricity to be generated from renewable energy sources. If successful, the JV between Sunseap and TNB will invest in multiple solar farms across Malaysia and tap other forms of clean energy, such as hydroelectricity from TNB’s existing plants, to ensure a reliable and stable supply of power into the Republic.
In October 2020, the Energy Market Authority(EMA) announced the trial as part of Singapore’s strategy to diversify the country’s energy supply by tapping regional power grids for cleaner energy resources. The trial aims to assess and refine the technical and regulatory frameworks for importing electricity into Singapore. This would help to facilitate larger-scale imports from the region in future. The electricity to be imported by the JV could account for about 1.5% of Singapore’s peak electricity demand, and could begin as early as end-2021 via the existing electricity interconnector between Singapore and Malaysia.
Mr Frank Phuan, Co-Founder and CEO of Sunseap, said, “We are pleased to partner Tenaga Nasional to contribute to Singapore’s long-term efforts to power our future through clean and green energy sources. This partnership will expand our capabilities as a leading sustainable energy provider in the region and advance our mission of bringing affordable, reliable and clean energy to our customers in Singapore, especially in the data centre space.”
Datuk Ir. Baharin Din, President and Chief Executive Officer of Tenaga Nasional Berhad, said, “Following our successful investments in the UK RE businesses through Vortex Solar and TenagaWind Ventures, the partnership with Sunseap is an important piece to continue our ongoing international RE expansion strategy. This partnership provides a solid regional platform with the capabilities, capacity and network to grow our RE and utility businesses in Southeast Asia.”