Under the agreements, Sembcorp will develop a range of energy and urban solutions over areas of collaborations that include the development of sustainable industrial parks, developing a sustainable and reliable power system, renewable energy and technology, as well as skills and capabilities building.
“Vietnam has been one of Southeast Asia’s fastest-growing economies and is a core market in Sembcorp’s transformation strategy. The collaborations reaffirm our deep commitment to Vietnam. We look forward to working with like-minded partners as we create synergies to build a greener and more sustainable future for the country,” says Wong Kim Yin, Sembcorp’s group president & CEO.
As part of his state visit to Singapore, Nguyen will also be visiting the Sembcorp Tengeh Floating Solar Farm on Tengeh Reservoir.
The signings are not expected to have a material impact on Sembcorp’s earnings per share (EPS) and net asset value (NAV) per share.
See also: Oiltek wins new contracts worth RM61.9 million
As at 1.47pm, shares in Sembcorp are trading 8 cents higher or 3.27% up at $2.53 on Feb 25.
Photo: Sembcorp
