YTL Power completes acquisition of 396 MW combined cycle gas plant in Singapore

YTL Power International Bhd has finalised the purchase of Tuaspring Private Limited’s 396 MW combined cycle gas turbine power plant in Singapore by its wholly-owned subsidiary, YTL PowerSeraya Private Limited.

The purchase was concluded in SGD270 million on pure cash consideration. The Tuaspring combined cycle power plant was constructed as part of a desalination project under a private-public partnership (PPP) project with Public Utilities Board (PUB), the national water agency, and was commissioned in 2016. Ownership of the water desalination facility was handed over to PUB in 2019, while the power station has now been transferred to YTL PowerSeraya.