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April 26, 2015 2:39 AM ET

Multi-Utilities

Company Overview of Singapore Power Ltd

Company Overview

Singapore Power Limited, an investment holding company, engages in the transmission and distribution of electricity and gas; provision of related consultancy services; and investment in related projects in Singapore and Australia. The company operates through four segments: Singapore Transmission & Distribution; Australia; Market Support; and Others. The company owns electricity transmission and distribution assets, including 29,000 kilometers of underground cables in service; owns gas transmission and distribution assets, including 2,800 kilometers of pipelines; and market support services to the electricity, gas, and water customers. It also provides asset management services; support serv...

10 Pasir Panjang Road

No. 03-01 Mapletree Business City

Singapore,  117438

Singapore

Founded in 1994

Phone:

65 6378 8888

Fax:

65 6820 2608

Key Executives for Singapore Power Ltd

Group Chief Executive Officer and Director
Age: 43
Chief Financial Officer
Chief Operating Officer
Chief Executive Officer of Australian Energy Business
Managing Director of SP PowerGrid
Compensation as of Fiscal Year 2014.

Singapore Power Ltd Key Developments

Singapore Power Launches the Singapore Power Centre of Excellence

Singapore Power, or SP, has launched the Singapore Power Centre of Excellence, or CoE, for energy development and piloting at an initial investment of SGD 30 million. The CoE will drive the innovation and commercialization of next-generation energy network technologies, for greater reliability and efficiency of Singapore's infrastructure. The CoE, supported by the Singapore Economic Development Board (EDB), will develop, pilot, and integrate cutting-edge technologies in Singapore's infrastructure networks. SP will form a dedicated 20-man team to spearhead the CoE. This core group will develop expertise in the development, testing and integration of new technologies in Singapore. The CoE will test-bed these technologies to validate technical viability, integrate them with SP's networks, and eventually commercialise them. This will also support SP's objective to build future-ready networks and capabilities, to deal with the global trends such as the drive for smarter and greener performance, as well as the adoption of renewable sources.

State Grid Corporation of China Reportedly Retains HSBC For Acquisition Of Electricity Assets

State Grid Corporation of China has retained HSBC to advise it on the acquisition of up to $50 billion worth of electricity assets earmarked for sale by the Queensland and NSW governments. State Grid will rival three consortiums and other possible buyers, likely to include Cheung Kong Infrastructure Holdings Ltd. (SEHK:1038), advised by Credit Suisse and potentially Citigroup Inc. (NYSE:C). So far, consortiums in place are Australian Super, Canada Pension Plan Investment Board and Borealis Capital Corporation advised by Morgan Stanley and Goldman Sachs, and IFM Investors Pty Ltd and QIC limited, which may be representing interests of the Future Fund and could be taking advice from Barclays. Caisse de dépôt et placement du Québec is said to have joined the Hastings Funds Management Limited’s consortium with Spark Infrastructure Group (ASX:SKI), advised by JP-Morgan and Royal Bank of -Canada. Universities Superannuation Scheme Limited and Abu Dhabi Investment Authority were in talks to join Hastings before Christmas and could be still searching for partnership opportunities. Singapore Power Ltd is still considering whether to enter the bidding. A decision on whether the Queensland government sells its electricity assets will depend on the outcome of the January 31, 2015 election. Macquarie and Bank of America Merrill Lynch are handling the Queensland sales. The sale will begin with Powerlink Transmission Services Pty Ltd. valued between $10 billion and $12 billion, followed by Energex Limited and Ergon Energy Queensland Pty Ltd. with all assets collectively worth about $30 billion. The government will also sell a lease for 100% of its electricity transmission network TransGrid, for between $7 billion and $8 billion. This will be followed by sale of 50% stakes in Ausgrid and Endeavour Energy. About $20 billion collectively is expected from the sell down.

Investors Reportedly Eye Australian Electricity Networks

New South Wales and Queensland's electricity networks are up for bidding in 2015. Potential suitors include State Grid Corporation of China, Singapore Power Ltd, Borealis Infrastructure Trust, Canada Pension Plan Investment Board, Caisse de dépôt et placement du Québec, IFM Investors Pty Ltd and QIC Limited, Australian Financial Review reported.

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