Singapore's Energy Market Authority (EMA) has given conditional approval to Sembcorp Utilities, a wholly-owned subsidiary of Sembcorp Industries (SGX:U960), for a ​proposed project to import renewable electricity from Vietnam via Malaysia, according to a statement by Petroliam Nasional (Petronas).

The Vietnam-Malaysia-Singapore project aims to import up to 1.3 GW of renewable electricity into Singapore through a regional power corridor linking Vietnam, Malaysia and Singapore. Renewable electricity generated from offshore wind resources in Vietnam would be transmitted through ​Malaysia and ​supplied ⁠to both Malaysia and Singapore, with imports expected to start in 2035, ​Petronas said.

The conditional nod follows the joint development agreement signed in May 2025 between the consortium of PetroVietnam Technical Services Corporation, a member of Vietnam National Industry-Energy Group (Petrovietnam), and Sembcorp Utilities; and MY Energy Consortium, comprising Malaysia's Tenaga Nasional and Petronas.

The approval provides a basis for the consortia to advance the next stages of project development, subject to the necessary regulatory and project approvals.