PacificLight to Start LNG-Fueled Singapore Plant in NovemberChou Hui Hong
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 continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Avicii, DJ-Producer Who Performed Around the World, Dies
- Deutsche Bank's Bad News Gets Worse With $35 Billion Flub
- Wells Fargo's $1 Billion Pact Gives U.S. Power to Fire Managers
- Oil Shrugs Off Trump Tweet to Rise for a Second Straight Week
- Southwest Airlines Gives $5,000 to Passengers on Fatal Flight