Singapore grants conditional approval to Sembcorp to import power from Vietnam

[Viet]

Credit: REUTERS/EDGAR SU​

SINGAPORE, Oct 24 (Reuters) - Singapore has granted conditional approval to Sembcorp Utilities SCIL.SI to import 1.2 gigawatts (GW) of electricity from Vietnam through subsea cables stretching over 1,000 km (620 miles), a minister said on Tuesday.

Sembcorp will develop offshore wind and other capacity with Petrovietnam Technical Services PVS.HN for export to Singapore, Tan See Leng, Singapore's second minister for trade & industry, said at the Singapore International Energy Week.

"With this development,...we will be able to meet our goal of importing 4 GW of low carbon electricity when all of these projects are implemented," he said.

Conditional approvals by Singapore's Energy and Markets Authority (EMA) recognise a project's preliminary technical and commercial viability.

EMA has granted conditional approvals to projects with capacities of 2 GW in Indonesia, 1 GW in Cambodia and 1.2 GW in Vietnam, which aim to tap into diverse sources including solar, hydro, and wind.

https://www.nasdaq.com/articles/singapore-grants-conditional-approval-to-sembcorp-to-import-power-from-vietnam-0

 

[Song Hong]

Singapore is jumping up and down when 2024, the carbon tax will be increased from $5 per tonne now to $25 per tonne, then to $45 per tonne from 2026 to 2027, with a view of reaching $50 per tonne to $80 per tonne by 2030.

The West carbon tax scheme is to prevent 3rd world from industrialization and also in the case of Singapore, will see rapid demise of her petrochem industries.