KUALA LUMPUR: YTL Power International Bhd's wholly-owned YTL PowerSeraya Ltd, has secured a two-year trial project to import 100 megawatts of electricity from Malaysia into Singapore via existing interconnectors.
The appointment follows a request for proposal in March by Singapore's Energy Market Authority (EMA), according to a statement released today in Singapore by YTL PowerSeraya.
According to reports, YTL PowerSeraya is the only party in Singapore to have traded across the interconnector.
Its chief executive officer John Ng described the project as a "important initiative" in the development of Singapore's energy story.
According to Ng, the appointment is a significant step toward the success of an Asean power grid, where electricity imports may eventually play a key role in Singapore's energy mix.
He stated that the organisation will collaborate closely with YTL Power to import electricity into Singapore.
"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 is expected to commence in early 2022.
"YTL PowerSeraya and YTL Power International are honoured to have been selected for this important initiative," he said.
YTL PowerSeraya is one of the leading power generators and electricity retailers in Singapore.
It has two subsidiaries namely a retail arm under the Geneco brand providing electricity to homes and businesses, and PetroSeraya, the group's fuel management arm.
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