Seraya Power Station Sold for $3.8 billion
Wednesday, 3rd December 2008
Seraya Power Station, which generates power from oil and gas, has an installed capacity of 3,240 megawatts, or roughly 30 per cent of the Singapore's electrical capacity. Seraya Power Station posted a profit of S$218 million on a yearly revenue of S$2.79 billion. The Seraya Power Station consists of two blocks of natural gas-fired combined cycle plants and nine units of steam plants, was sold to a Malaysia's YTL Power International Bhd for an enterprise value of S$3.8 billion. Seraya Power Station is the third and last power generator to be sold by Temasek. Temasek had earlier sold its two other power generation companies, Senoko Power Station and Tuas Power Station.