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Ho Jinx Sold 30% Sg Power Capacity to Kempeitais!

makapaaa

Alfrescian (Inf)
Asset
While her daddy-in-law sold Allies' info to them? A Familee of traitors indeed! Serve NS for fxxx? :eek:

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Japanese-led group snags Senoko
</TR><!-- headline one : end --><TR>Temasek's power company is sold to consortium for $4 billion </TR><!-- Author --><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Yang Huiwen
</TD></TR><!-- show image if available --><TR vAlign=bottom><TD width=330>
Senoko.jpg

</TD><TD width=10>
c.gif
</TD><TD vAlign=bottom>
c.gif

The Senoko Power plant has a 3,300MW and it meets 30 per cent of Singapore's electricity need. -- PHOTO: POWER SENOKO
</TD></TR></TBODY></TABLE>




<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->SINGAPORE'S largest and oldest power plant was sold to a five-member group of foreign investors yesterday for almost $4 billion.
A Japanese-led consortium emerged as the winning bidder for Senoko Power - owned by Temasek - after a highly competitive two-month bidding and selection process.
The winning group includes French GDF Suez, operator of Europe's largest natural gas network, and Japanese trading house Marubeni Corporation. The companies hold 30 per cent each. Two Japanese firms, Kansai Electric Power and Kyushu Electric Power, hold 15 per cent each while Japan Bank for International Cooperation holds 10 per cent.
It was reported that the group beat India's Tata Power in the final round to win the deal. They had been whittled down from an initial short-list of five groups, which reportedly included Singapore's Keppel Corp, Malaysia's YTL Corp and a joint venture between CLP Holdings and Mitsubishi Corp.
Temasek investments director Gwendel Tung said yesterday that the sale of Senoko Power had received strong investor interest, but the winning group's proposal 'was the most attractive in terms of price and commercial terms'.
She said the contenders were all 'established industry players with strong track records in power investments globally'.
Morgan Stanley and Credit Suisse were the advisers for Temasek.
The plant in the northern part of the island has a capacity of 3,300MW and provides 30 per cent of the nation's electricity needs.
It is the second of three power generating companies to be sold by Temasek, which wants to further liberalise the domestic energy market and promote greater efficiency.
Tuas Power, with a capacity of 2,670MW, was sold for $4.235 billion to China's biggest power producer Huaneng Group in March.
The last to go will be Power Seraya, which has a licensed capacity of 3,100MW. Its sale is expected to be completed by the middle of next year.
Together the three gencos account for more than 80 per cent of Singapore's electricity generating capacity.
Market observers said foreign companies see such power facilities as an opportunity to extend their expertise as plant operators and they see good growth in Singapore. This makes it a good investment in their core competency.
One analyst said there will be synergies generated as consortium member GDF Suez has a stake in Singapore's liquefied natural gas (LNG) terminal, which it will help to build and operate. The terminal is expected to be operational by 2012.
Mr Dirk Beeuwsaert, head of GDF Suez Energy's international unit, told Bloomberg yesterday: 'Singapore represents a significant development potential for GDF Suez and will enable it to strengthen its foothold in South-east Asia.'
Under the deal signed yesterday, the winning group's special purpose vehicle, Lion Power, will pay Temasek $3.65 billion for the plant and assume $323 million of Senoko Power's net debt.
The price works out to a valuation of about 16 times EBITDA earnings, which is more than that paid by China's Huaneng Group for Tuas Power. That had a valuation of about 12 times.
'It is a fair price based on prospects for the business,' said a market source, adding that there are plans to increase capacity by about 800MW.
Marubeni Corporation executive officer Chihiro Shikam said the consortium has committed 'significant additional investment to construct new, more efficient gas-fired units' and looks forward to 'playing a significant role in the provision of reliable, competitively priced electricity in Singapore'.
[email protected] <!-- end of for each --><!-- Current Ratings : start --><!-- Current Ratings : end --><!-- vbbintegration : start --><!-- vbbintegration : end --><!-- dennis change request 20070424 : start --><!---Google ad - Start : Sat, 6 Sep 2008 08:21:35:561---><!-- AdSpace STI Google ad tag --><SCRIPT language=JavaScript1.1 src="http://ads.asia1.com.sg/js.ng/site=tsti&pagepos=20&size=10X10"> </SCRIPT>
 

makapaaa

Alfrescian (Inf)
Asset
Very clear sign the Familee is siphoning out Sporns' money overseas before its eventual collapse.
 

Man in the streets

Alfrescian
Loyal
the first power station sold to communists
the second one sold to samurais

the last and the third(seraya power) when sold, the sale of sinkapore is complete.
Guess who is the next taker?

third one gone, the old fucking fart comospolitan neverland is also complete.



Ho chee bye: why cannot, my wife already said hong lim park can use for protest , go there and shout liao chiao off. Knn. My father in law is king, who the fuck you are huh ?









While her daddy-in-law sold Allies' info to them? A Familee of traitors indeed! Serve NS for fxxx? :eek:

<TABLE cellSpacing=0 cellPadding=0 width="100%" border=0><TBODY><TR>Japanese-led group snags Senoko
</TR><!-- headline one : end --><TR>Temasek's power company is sold to consortium for $4 billion </TR><!-- Author --><TR><TD class="padlrt8 georgia11 darkgrey bold" colSpan=2>By Yang Huiwen
</TD></TR><!-- show image if available --><TR vAlign=bottom><TD width=330>
Senoko.jpg

</TD><TD width=10>
c.gif
</TD><TD vAlign=bottom>
c.gif

The Senoko Power plant has a 3,300MW and it meets 30 per cent of Singapore's electricity need. -- PHOTO: POWER SENOKO
</TD></TR></TBODY></TABLE>




<!-- START OF : div id="storytext"--><!-- more than 4 paragraphs -->SINGAPORE'S largest and oldest power plant was sold to a five-member group of foreign investors yesterday for almost $4 billion.
A Japanese-led consortium emerged as the winning bidder for Senoko Power - owned by Temasek - after a highly competitive two-month bidding and selection process.
The winning group includes French GDF Suez, operator of Europe's largest natural gas network, and Japanese trading house Marubeni Corporation. The companies hold 30 per cent each. Two Japanese firms, Kansai Electric Power and Kyushu Electric Power, hold 15 per cent each while Japan Bank for International Cooperation holds 10 per cent.
It was reported that the group beat India's Tata Power in the final round to win the deal. They had been whittled down from an initial short-list of five groups, which reportedly included Singapore's Keppel Corp, Malaysia's YTL Corp and a joint venture between CLP Holdings and Mitsubishi Corp.
Temasek investments director Gwendel Tung said yesterday that the sale of Senoko Power had received strong investor interest, but the winning group's proposal 'was the most attractive in terms of price and commercial terms'.
She said the contenders were all 'established industry players with strong track records in power investments globally'.
Morgan Stanley and Credit Suisse were the advisers for Temasek.
The plant in the northern part of the island has a capacity of 3,300MW and provides 30 per cent of the nation's electricity needs.
It is the second of three power generating companies to be sold by Temasek, which wants to further liberalise the domestic energy market and promote greater efficiency.
Tuas Power, with a capacity of 2,670MW, was sold for $4.235 billion to China's biggest power producer Huaneng Group in March.
The last to go will be Power Seraya, which has a licensed capacity of 3,100MW. Its sale is expected to be completed by the middle of next year.
Together the three gencos account for more than 80 per cent of Singapore's electricity generating capacity.
Market observers said foreign companies see such power facilities as an opportunity to extend their expertise as plant operators and they see good growth in Singapore. This makes it a good investment in their core competency.
One analyst said there will be synergies generated as consortium member GDF Suez has a stake in Singapore's liquefied natural gas (LNG) terminal, which it will help to build and operate. The terminal is expected to be operational by 2012.
Mr Dirk Beeuwsaert, head of GDF Suez Energy's international unit, told Bloomberg yesterday: 'Singapore represents a significant development potential for GDF Suez and will enable it to strengthen its foothold in South-east Asia.'
Under the deal signed yesterday, the winning group's special purpose vehicle, Lion Power, will pay Temasek $3.65 billion for the plant and assume $323 million of Senoko Power's net debt.
The price works out to a valuation of about 16 times EBITDA earnings, which is more than that paid by China's Huaneng Group for Tuas Power. That had a valuation of about 12 times.
'It is a fair price based on prospects for the business,' said a market source, adding that there are plans to increase capacity by about 800MW.
Marubeni Corporation executive officer Chihiro Shikam said the consortium has committed 'significant additional investment to construct new, more efficient gas-fired units' and looks forward to 'playing a significant role in the provision of reliable, competitively priced electricity in Singapore'.
[email protected] <!-- end of for each --><!-- Current Ratings : start --><!-- Current Ratings : end --><!-- vbbintegration : start --><!-- vbbintegration : end --><!-- dennis change request 20070424 : start --><!---Google ad - Start : Sat, 6 Sep 2008 08:21:35:561---><!-- AdSpace STI Google ad tag --><SCRIPT language=JavaScript1.1 src="http://ads.asia1.com.sg/js.ng/site=tsti&pagepos=20&size=10X10"> </SCRIPT>
 
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