Singapore partner with US and Vietnam to boost cross-border electricity trade

The Singapore Ministry of Trade and Industry , the US Department of Energy, and Vietnam Ministry of Industry and Trade have formed a team that will enhance cross-border electricity trade by attracting more“This is the first such multilateral workstream among the three countries in promoting regional power interconnectivity, with the aim to establish regulatory frameworks, infrastructure, and a supportive ecosystem,” the MTI said.

Under the multilateral deal, Singapore, US, and Vietnam will work on knowledge sharing, capacity building, and achieving consensus in the region on subsea cable issues. Meanwhile, the US International Development Finance Corporation said it is contributing an equity investment to the Southeast Asia Clean Energy Fund II , pending congressional notification.

“SEACEF’s investments will catalyse financing from other investors for projects in clean power, energy storage, energy efficiency, electric mobility, and grid infrastructure,” MTI said. ...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.

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