9 December 2024 – Tenaga Nasional Berhad (TNB) and Singapore’s licensed electricity importer, Sembcorp Power Pte Ltd (Sembcorp), a wholly-owned subsidiary of Sembcorp Industries, have advanced regional energy sustainability by signing a Renewable Energy Supply Agreement (RESA) today (9 December).

This milestone, part of the Cross-border Electricity Sales for Renewable Energy (CBES RE) Scheme, aligns with the ASEAN Power Grid (APG) initiative and Malaysia’s energy transition goals, facilitating renewable energy trade with neighboring countries through Energy Exchange Malaysia (ENEGEM).

In June 2024, ENEGEM, operated by Single Buyer, conducted its inaugural auction, where Sembcorp secured a 50MW allocation of green electricity with Renewable Energy Certificate (REC), sourced from Malaysia’s solar and hydro generation. This green electricity will be transmitted to Singapore using the existing Malaysia-Singapore interconnection, demonstrating progress in regional energy integration.

TNB President/Chief Executive Officer, Datuk Ir. Megat Jalaluddin Megat Hassan commented, “The establishment of ENEGEM and the successful execution of this agreement reflect TNB’s unwavering commitment to fostering regional energy integration and advancing ASEAN’s renewable energy goals. This initiative positions Malaysia as a key player in green electricity trading and promotes energy security, efficiency, and sustainability across the region.”