Singaporean Privatisation Concludes On A High Note

In a surprise sale on December 2, Singapore's state-owned investment company Temasek concluded the divestment of the third and final power generation company under its control. Singapore's utilities market is now fully liberalised, as per the government's plan, and re-affirming CFW's positive outlook about the competitiveness of the utilities market in Singapore. Temasek agreed to sell PowerSeraya to Sabre Energy, a subsidiary of Malaysia's YTL Power International, for SGD3.8bn (US$2.5bn), exactly the expected price.

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