The Times of India
8 Jan 2008
Singapore's state investor Temasek has chosen nine firms including Marubeni and HongKong Electric as bidders for Tuas Power, which could raise $2 billion as part of the city-state's energy liberalisation. The sale of Tuas will be the first of three power generators that Temasek Holdings hopes to sell by June 2009, which analysts say will offer potential investors a low-risk route to steady profits.
Sources close to the deal named six bidders: Japan's Marubeni, Li Ka-shing's Hongkong Electric, India's Reliance Energy, a joint venture of Macquarie, and India's GMR Infrastructure, Malaysia's Tanjong and Huaneng Power.
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