Tuaspring acquisition a timely addition for YTL

TheStar Tue, Jun 07, 2022 07:40am - 1 year View Original


Bright lights: YTL Power has confirmed it completed the acquisition of the 396MW Tuaspring combined-cycle gas turbine power plant in Singapore. — Getty Images

PETALING JAYA: The acquisition of the Tuaspring power station by YTL Power International Bhd has expanded its Singapore generation capacity by 16.5%. The additional capacity, according to MIDF Research, comes at a good time with outlook on the Singapore power sector improving.

“Multi-utilities division earnings (of the group) are gaining strong traction from higher electricity prices in Singapore, and the Tuaspring addition could further underpin this trend,” it said in a report.

Last week, YTL Power said it completed the acquisition of the 396 megawatt (MW) Tuaspring combined-cycle gas turbine (CCGT) power plant in Singapore.

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