<div><div><p>[SINGAPORE] Offshore marine services contractor Kim Heng has inked an agreement with a newly incorporated government-linked energy company to cooperate in submarine power projects, the Catalist-listed company said in a bourse filing said on Monday (Jun 9).</p><p>Kim Heng signed the non-binding memorandum of understanding (MOU) with Singapore Energy Interconnections (SGEI), which was set up in April and has been appointed by the government to oversee the development of cross-border interconnections to enable electricity imports.</p><p>The partnership covers the purposes of operating, repairing and maintaining submarine power cable systems within the Asean region, Kim Heng said.</p><div><div><div><div id="dfp-ad-imu1"></div></div></div></div><p>The MOU remains in force until Jun 1, 2028, or on the execution of definitive agreements or mutual agreements to terminate it, the company added.</p><p>On May 30, SGEI entered a deal with Singa Renewables to jointly develop a sub-sea interconnector to enable low-carbon electricity imports from Indonesia to Singapore.</p><p>Singa Renewables is a joint venture between French energy company TotalEnergies and Singapore-headquartered resource-based manufacturing group RGE.</p><div><div><div><div id="dfp-ad-midarticlespecial"></div></div></div></div><p>SGEI noted then that the project supports Singapore’s target of importing up to 6 gigawatts of low-carbon electricity by 2035, and paves the way to realising the Asean Power Grid.</p></div><div><section><section><p>Copyright SPH Media. All rights reserved.</p><div>Reuse this contentFeedback</div></section></section></div><div><div><div><div id="dfp-ad-imu2"></div></div></div></div></div>

金興海運探油

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金興海運探油與新加坡能源互聯公司達成海底電力項目合作協議