Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

PacificLight to Start LNG-Fueled Singapore Plant in November

Don't Miss Out —
Follow us on:

May 3 (Bloomberg) -- PacificLight Power Pte Ltd. said its 800 megawatt Jurong Island power plant, the first in Singapore to be completely fueled by liquefied natural gas, will be fully operational by November.

PacificLight Power started commissioning the plant in April, Yu Tat Ming, the company’s chief executive officer said in an e-mailed statement today. The gas-fired, combined-cycle facility in western Singapore will sell electricity to customers at prices based on crude or high-sulfur fuel oil, PacificLight Power said yesterday in a separate statement.

“With the opening up of Singapore’s electricity market, an increasing number of consumers are expecting better customer service and competitive prices,” Yu said yesterday.

Malaysia’s Petronas Power Sdn Bhd. owns 30 percent of PacificLight Power, and 70 percent is held by FPM Power Holdings Ltd., a joint venture of Hong Kong-based First Pacific Co. and a unit of Manila Electric Co.

Singapore currently uses piped natural gas from Malaysia and Indonesia to generate 80 percent of its power, with fuel oil, solid waste and solar energy providing the remaining 20 percent, according to the country’s energy regulator, the Energy Market Authority.

To contact the reporter on this story: Chou Hui Hong in Singapore at chong43@bloomberg.net

To contact the editor responsible for this story: Alexander Kwiatkowski at akwiatkowsk2@bloomberg.net