Singapore join forces with the US and Vietnam to boost cross-border electricity trade

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The key focus is ramping up renewable energy investments and exploring the potential for a regional subsea cable network

Singapore has teamed up with the US and Vietnam in a groundbreaking move to boost cross-border electricity trade.

Singapore Business Review reports that the initiative is spearheaded by the Singapore Ministry of Trade and Industry , the US Department of Energy, and Vietnam’s Ministry of Industry and Trade.

Meanwhile, the US International Development Finance Corporation is poised to invest in the Southeast Asia Clean Energy Fund II , subject to congressional approval.

Source: Energy Industry News (energyindustrynews.net)

 

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