Singaporean government to help Petrovietnam unit’s 1.2 GW electricity export project
The Singaporean government will continue backing PTSC, the technical arm of state-owned Petrovietnam, to deploy a project to export 1.2 GW of offshore wind power from Vietnam to Singapore.
A delegation of the Singaporean government made the commitment during a Monday visit to PTSC’s headquarters in Vietnam’s southern coastal province of Ba Ria-Vung Tau. The project is part of Singapore's effort to reach its net zero emission target in 2050 and bolster the Vietnam-Singapore partnership, the delegation said.
A delegation of the Singaporean government visits PTSC's headquarters in Ba Ria-Vung Tau province, southern Vietnam, March 4, 2024. Photo courtesy of PTSC.
The electricity export project is also part of Singapore’s target to import 4 GW of low-carbon electricity by 2035, making up around 30% of Singapore’s power supply, the delegation affirmed. Besides the Vietnamese project, Singapore’s Energy Market Authority has so far granted conditional approval for 1 GW from Cambodia and another 2 GW from Indonesia.
During the visit, PTSC, as the co-investor and co-developer of the project, and project partner Sembcorp Utilities of Singapore, affirmed their target of putting it into commercial operation from 2033, with electricity transmission via undersea cables.
In August 2023, PTSC received a permit from Vietnam’s Ministry of Natural Resources and Environment to carry out wind, marine and geological surveys for the electricity export project. It features two locations covering 89,027 hectares and 98,897 hectares off the southern province of Ba Ria-Vung Tau.
In October 2023, Sembcorp received conditional approval from Singaporean authorities for the project.
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