Malaysia Sets Up Energy Exchange For Cross-Border Green Electricity Sales

Malaysia Sets Up Energy Exchange For Cross-Border Green Electricity Sales

KUALA LUMPUR, Apr 16 (NNN-BERNAMA) – The Malaysian government agreed to establish Energy Exchange Malaysia (ENEGEM), for cross-border green electricity sales to neighbouring countries.

The Ministry of Energy Transition and Water Transformation (Petra), said in a statement yesterday that, the move is in line with Malaysia’s energy transition aspiration and commitment, to support regional power integration via the ASEAN Power Grid Initiative.

The cross-border sales of energy through the ENEGEM platform will be implemented based on the latest “Guide for Cross-Border Electricity Sales” issued by the Energy Commission.

The ministry is also inviting interested and eligible parties, to participate in the inaugural auction for the purchase of green electricity from Malaysia’s electricity supply system, to be supplied to Singapore via the ENEGEM platform.

The auctioning process for cross-border sales of green electricity will commence with a 100 megawatts pilot run, utilising the existing interconnection between Singapore and Peninsular Malaysia, according to the statement.

The ministry believes, the initiation of auctioning via the ENEGEM platform will allow Malaysia to further strengthen its cross-border electricity integration framework, while paving the way for greater renewable energy development and cooperation, on cross-border energy trading between ASEAN (the Association of Southeast Asian Nations) countries.– NNN-BERNAMA


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