Sembcorp, Sarawak Energy partner Prysmian to supply Singapore with green energy

This comes after the Republic raised its low-carbon electricity import target to 6 GW by 2035, up from an initial target of 4 GW set in 2021

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Sharon See

Published Wed, Mar 19, 2025 · 07:20 PM

Sembcorp says the parties will work on optimising the design, installation methodology and protection requirements for a subsea interconnector cable. PHOTO: SEMBCORP

[SINGAPORE] The subsidiaries of Sembcorp Industries and state-owned utilities company Sarawak Energy have entered an agreement with Prysmian for a hydropower project that could supply Singapore with 1 gigawatt (GW) of green electricity from the Malaysian state, Sembcorp said in a bourse filing on Wednesday (Mar 19).

The preferred supplier agreement is between Sembcorp Utilities, Sarawak Energy Services and Prysmian, an Italian subsea cable maker that produces high-voltage submarine and underground cable systems.

It also involves technical partner SP PowerInterconnect, a subsidiary of Singapore’s state-owned utilities company SP Group that specialises in the development and operation of cross-border electricity interconnectors.

Sembcorp said that the parties will work on optimising the design, installation methodology and protection requirements for a subsea interconnector cable.

The potential import of an estimated 1 GW of green electricity from Sarawak to Singapore is subject to regulatory approvals.

Last September, Singapore raised its low-carbon electricity import target to 6 GW by 2035, up from an initial target of 4 GW set in 2021.

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At 9 am, the counter jumped to an intraday high of S$6.40 in early trade, up S$0.30 or 4.9% from the previous closing price, as around 750,800 shares changed hands.

Sembcorp jumps 4.9% on talk of potential privatisation, asset sale

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Sembcorp shares closed S$0.05 or 0.8 per cent lower at S$6.15 on Wednesday, before the announcement.

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