Electricity producers YTL PowerSeraya and TNB Genco have reached an agreement to import about 100 megawatts of electricity to Singapore, as part of a 2-year trial.
The electricity is enough to power approximately 144,000 4-room HDB flats in a year, and the agreement was marked with an official ceremony on 30 January.
John Ng, the CEO of YTL PowerSeraya said:
“YTL PowerSeraya, together with YTL Power International, is honoured to work with TNB Genco, a wholly-owned subsidiary of TNB, the national electricity utility in Malaysia, to contribute our part in diversifying Singapore’s energy sources and further enhancing the nation’s energy security.”
“We believe that this is the first step in our vision of a strong ASEAN power grid, where electricity imports may eventually form a key part of Singapore’s energy mix.”
Nor Azman Bin Mufti, the managing director of TNB Genco, said that the agreement was a positive step in strengthening the cross-border energy supply. and he expressed his hopes that the agreement will be the catalyst for future projects in the Singapore market.
The agreement between the two electricity producers will make up around 1.5% of Singapore’s demand for electricity.
YTL PowerSeraya was previously awarded a 2-year trial to import electricity from Malaysia back in October 2021, and is the only electricity producer with experience trading across borders.
The electricity will be purchased from TNB Pasir Gudang Energy Sdn Bhd, which is owned by TNB Genco, before being exported to Singapore.