Singapore to revive power privatization

7 October 2005 – A report in Thursday’s London Financial Times says that Temasek, the Singapore state investment company, is close to reviving a long-delayed plan to privatize three electricity companies.

The sale of its power interests could raise about $4bn and speed up the liberalization of Singapore’s power market.

According to the FT, people close to the situation said Temasek had approached investment banks to prepare the sale of the generation companies, Senoko Power, PowerSeraya and Tuas Power, which together account for 90 per cent of Singapore’s power output.