Sembcorp, PTSC to study power importation from Vietnam to Singapore

The project will span 200,000 hectares of sea area.

Sembcorp Utilities Pte Ltd and Petrovietnam Technical Services Corporation (PTSC) are jointly exploring developing offshore wind farms in Vietnam that can generate electricity to be exported to Singapore.

In a disclosure, Sembcorp said the parties have received a letter of intent from Singapore’s Energy Market Authority and will get conditional approval from the authority.

The project will cover around 200,000 hectares of sea area in two sites off the shore of South Vietnam.

ALSO READ: Sembcorp Industries enters MSCI Singapore Index

PTSC is the first and only firm to secure a permit from Vietnam’s Ministry of Natural Resources and Environment to conduct wind, marine, and geological surveys.

Sembcorp said these developments are not seen to have any material impact on the company’s earnings per share and net tangible assets for the financial year.

A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia