Temasek Kicks Off Sale Of PowerSeraya

October 2008 | Privatisation News Alert

On October 6 Temasek Holdings, Singapore's state-owned investment company, kicked off the third and final instalment of its power sector liberalisation programme by putting electricity generator PowerSeraya up for sale. PowerSeraya, which is expected to garner bids of up to US$2.5bn, has a capacity of over 3,100 megawatts (MW), and provides almost 30% of Singapore's electricity. The auction comes hot on the heels of the earlier sale of Senko Power to the Marubeni-led 'Lion Power' consortium for US$2.5bn, and the US$4.2bn sale of Tuas Power to the Chinese Huaneng Group.

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