SINGAPORE - Media OutReach - 30 July 2021 -Tuas Power, Singapore's market leader in power generation and electricity retailing, signed a Memorandum of Understanding earlier in June with NEFIN, a leading solar photovoltaic developer and investor in carbon neutrality solutions, to jointly bid for the 100 megawatts (100MW) of zero-carbon electricity import from Malaysia into Singapore. 

To support the Singapore Government's move to enhance energy security through leveraging on regional power grids, Tuas Power and NEFIN are participating in this initiative with the aim to help overcome the challenges of clean energy import and to develop best practices for the industry.

Mr. Michael Wong, Chief Operating Officer of Tuas Power, said, "Tuas Power is taking a wholistic view to find a sustainable and reliable blend of electricity generated from renewable and fuel-based sources to feed into the national grid. Arising from our sustainable energy eco-system approach, Tuas Power is actively exploring the combined use of solar power and other renewable sources or low-carbon solutions to achieve a zero-carbon electricity import. At the same time, we are exploring solutions that address the intermittency of solar power during non-generating hours." 

Tuas Power is Singapore's leading electricity retailer, and is committed to bringing cleaner, more cost-competitive energy to its customers. With its knowledge and experience, Tuas Power has helped them develop and implement many energy efficient programmes. It has a large pool of customers from the data centre, semiconductor and petrochemical industries who are interested to take up the clean energy import.

Mr. Bor Hung Chong, NEFIN's Head of Business Development and Managing Director for NEFIN Malaysia, commented, "NEFIN is a market leader in distributed solar project development in Malaysia. We have a track record of many customers who have signed up to 20 years of Power Purchase Agreements (PPA) with us, and we are excited to partner Tuas Power to foray into electricity imports into Singapore. If successful in our joint bid, it will allow NEFIN to bring its extensive experience in implementation of renewable energy projects and provision of carbon-neutral solutions to sustain the energy landscape of Singapore."

NEFIN Malaysia is a Malaysian company under the project development arm of the wider NEFIN Group and specialises in project development and implementation of renewable energy projects in the Southeast Asia region, with Malaysia as one of NEFIN Group's key markets. NEFIN Malaysia is a market leader in providing zero-carbon solutions, including distributed solar project development and has developed several iconic projects such as the largest commercial solar PPA in Malaysia of more than 10 selected Lotus's (formerly TESCO) stores in its first phase and the completion of the first solar PV project for Puratos Group in Malaysia. NEFIN Malaysia also provides carbon neutrality related consulting and technical advisory services for its clients.