Tuas Power partners with NEFIN to bid for 100MW electricity import from Malaysia and explores solutions to address power intermittency from clean energy

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.