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SINGAPORE: Temasek Holdings has begun the divestment process for PowerSeraya, the last of its three power generating companies which are being sold as part of Singapore's efforts to liberalise the power-generating sector.
Temasek sold Tuas Power in March and Senoko Power in September this year.
PowerSeraya generates about 28 per cent of Singapore's electricity.
It turned in revenues of S$2.79 billion and earnings before interest, tax, depreciation and amortisation of S$355 million for the year ended March 31.
No timeline was given for the sale.
Temasek said PowerSeraya has attracted strong indications of interest from a number of potential bidders, and the sale will be subject to acceptable price and commercial terms.
- CNA/yb
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