BusinessDay
9 Jul 2008
SINGAPORE — Singapore’s government-owned investment company, Temasek, has put the city-state’s largest utility up for sale, further opening the electricity sector to competition after selling Tuas Power earlier this year.
The sale of Senoko Power would be completed by the end of next year, Temasek said yesterday .
Built at a cost of S$2,6bn ($1,9bn), Senoko’s 3300MW of capacity supplies 30% of the island state’s electricity needs last year. The company earned S$245m before interest, taxes and depreciation on revenue of S$2,49b n for the year to March 31 .
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