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September 02, 2015 12:57 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 6304 8188

Key Executives for Singapore Power Ltd

Group Chief Executive Officer, Director and Member of Board Executive Committee
Age: 44
Chief Financial Officer
Chief Operating Officer
Chief Executive Officer of Australian Energy Business
Chief Legal Officer and General Councel
Age: 51
Compensation as of Fiscal Year 2015.

Singapore Power Ltd Key Developments

Indicative Bids For TransGrid Placed

Six groups from four continents placed indicative bids on August 27, 2015 for TransGrid, a source told Reuters. The sale is valued about $12 billion. "A strong field of parties have lodged indicative bids for the long-term lease of TransGrid," NSW Treasurer Gladys Berejiklian said. A source with direct knowledge of the process told Reuters that five consortia bid and that the status of a sixth, including another electricity company, AusNet Services (ASX:AST), Singapore Power Ltd and State Grid Corporation of China was uncertain. An Ausnet spokesman confirmed the company had previously lodged a formal expression of interest but declined comment further. Other bidders included IFM Investors Pty Ltd, with QIC Limited, the source said. Another consortium to bid was Hastings Funds Management Limited, Spark Infrastructure Group (ASX:SKI), Abu Dhabi Investment Authority and Wren House Infrastructure Management Limited, with Caisse de dépôt et placement du Québec, the source said. A fourth bidder was Canadian pension fund investor Borealis Capital Corporation, Canada Pension Plan Investment Board and AustralianSuper Pty Ltd, the source said. Global Infrastructure Partners and China Southern Power Grid Co.,Ltd. joined up for a bid and Cheung Kong Infrastructure Holdings Ltd. (SEHK:1038) bid alone, the source added. State treasurer Berejiklian said the government "will now move to shortlist qualified parties for the lodgment of binding bids which will be due in the coming months". UBS AG and Deutsche Bank are handling the sale.

Singapore Power Ltd. Reports Audited Group and Company Earnings Results for the Year Ended March 31, 2015

Singapore Power Ltd. reported audited group and company earnings results for the year ended March 31, 2015. For the year, the group reported revenue of $4,840.3 million, operating profit of $1,109 million, profit before taxation of $1,188.2 million, profit from continuing operations of $996.4 million and profit attributable to owner of the company of $991 million against revenue of $4,793.1 million, operating profit of $724.4 million, profit before taxation of $691.8 million, profit from continuing operations of $539.9 million and profit attributable to owner of the company of $921.8 million for the same period a year ago. Net cash generated from operating activities was $1,422.9 million against $3,310.2 million for the same period a year ago. Purchase of property, plant and equipment was $1,466.4 million against $2,159.1 million for the same period a year ago. Purchase of intangible assets was $40.7 million against $65.7 million for the same period a year ago. For the year, the company reported revenue of $477.3 million, operating profit of $384.1 million, profit before taxation of $407.2 million, profit from continuing operations of $401.6 million and profit attributable to owner of the company of $401.6 million against revenue of $198.3 million, operating profit of $123.8 million, profit before taxation of $138.8 million, profit from continuing operations of $143.7 million and profit attributable to owner of the company of $143.7 million for the same period a year ago.

Singapore Power- AusNet Services Joint Bid For TransGrid Reportedly Worth $6 Billion

Singapore Power Ltd and AusNet Services (ASX:AST) were in talks to launch a joint bid for TransGrid last week. The bid is estimated to be worth approximately $6 billion, according to sources. Deutsche Australia Limited and UBS AG, Australia Branch have been appointed as advisors to manage the sale process which is expected to be completed by Christmas.

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