YTL PowerSeraya becomes new electricity importer under MY trial

The move further diversifies Singapore's energy sources.

YTL PowerSeraya, a subsidiary of YTL Power International, has been appointed the electricity importer for a two-year trial to import 100 megawatts of electricity from Malaysia via existing interconnectors. Singapore's Energy Markets Authority (EMA) requested the proposal in March 2021.

CEO John Ng said the appointment marks a significant step towards the success of an ASEAN power grid, where electricity imports may eventually form a key part of Singapore's energy mix.

"We look forward to working closely with EMA to refine all technical settings and regulatory arrangements under the Electricity Import Framework during this two-year trial, which will commence in early 2022."

YTL PowerSeraya's prior experience in cross-border power trade and financial settlements places the company in good stead to be involved in this trial. To date, YTL PowerSeraya remains the only party in Singapore to have traded across the interconnector.

Also Read

AMPIN Energy Transition achieves financial closure for 200MWp Rajasthan project

India’s solar scheme installs 385,000 units in first six months

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit