05 Jan '12, 5am

Malaysia may sell electricity to Singapore

Malaysia may sell electricity to Singapore

SINGAPORE: The Prime Ministers of Malaysia and Singapore have discussed the possibility of Malaysia selling electricity to Singapore. This was announced by Malaysian Prime Minister Najib Razak during a joint news conference with his Singapore counterpart Mr Lee Hsien Loong at the end of the third leaders' retreat between the two countries. Mr Najib said if the plan comes to fruition, it will be a private sector-driven initiative. Responding to this, Prime Minister Lee said Singapore is very open to importing a certain portion of electricity from Malaysia, if the terms are right and if the private sector proposes an attractive offer which Singapore cannot refuse. However, he stressed that the offer has to be in accordance with proper safeguards. Mr Lee said in reaching a decision on the matter, Singapore will need also need to study the environmental impact of power generat...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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