DBS Bank, the International Finance Corporation (IFC) and Malayan Banking Berhad (Maybank) are partnering with Ditrolic Energy Holdings to establish a financing framework for the USD6 billion Southern Johor Renewable Energy Corridor (SJREC), which aims to supply renewable electricity from Johor, Malaysia, to Singapore. Under a memorandum of understanding exchanged at Singapore International Energy Week 2026, the parties will assess financing requirements, regulatory approvals, power transmission arrangements and risk allocation. Developed by Ditrolic Energy and Permodalan Darul Ta’zim, the project combines solar power generation and battery storage. In August 2026, Singapore’s Energy Market Authority granted conditional approval for Ditrolic Energy subsidiary Southern Solar Alliance to import up to 600 MWac of renewable electricity from Johor.
The project is progressing towards a final investment decision, with contracts, licences and permits still being secured. Ditrolic Energy reported that close to 90 per cent of its green energy capacity had attracted booking interest. The financing framework is intended to support the project’s path to financial close and provide a reference for future cross-border electricity developments under the ASEAN Power Grid initiative. The project is also expected to connect Johor’s renewable energy resources with businesses in Malaysia and Singapore, supporting decarbonisation and strengthening the investment appeal of the Johor-Singapore Special Economic Zone.