YTL PowerSeraya
| YTL PowerSeraya Pte Ltd | |
|---|---|
| legal form | Private Limited Company |
| founding | 1995 |
| Seat | Singapore |
| sales | 2.793 billion S $ (2008) |
| Branch | power supply |
| Website | www.ytlpowerseraya.com/ |
YTL PowerSeraya Pte Ltd (YPS) is one of the largest utility companies in Singapore . Sales in fiscal year 2008 were S $ 2.793 billion and profits were S $ 218 million.
history
The beginnings of YPS go back to 1971, when the first power plant (four units, each with 60 MW output) started operations on Jurong Island. In 1974 another three units were added, each with an output of 120 MW . In 1988 the first three units of the Pulau Seraya power plant went into operation. PowerSeraya (PS), the name of the power plant operator at the time, was at that time part of the state energy supplier Public Utilities Board (PUB), which was a monopoly on power supply in Singapore until 1995.
As part of the privatization of the electricity industry from 1995 onwards, the generation and distribution of electricity as well as the regulatory supervision for it were separated in Singapore. PS was founded in 1995 as a 100% subsidiary of the state-owned Singapore Power Limited .
On April 1, 2001, PS was then passed on to the also state-owned Temasek Holdings . On December 2, 2009 Temasek Holdings sold PS for S $ 3.8 billion to Saber Energy Industries Pte Limited , a 100% subsidiary of YTL Power International Berhad . 1 April 2012 PS changed his name and became Powerseraya Pte Ltd .
owner
YTL Power International Berhad is a Malaysian conglomerate with a focus on power generation, power transmission and water supply and sanitation.
subsidiary company
100% subsidiaries of YPS are:
- Seraya Energy Pte Ltd , which acts as the distribution company for YPS.
- PetroSeraya Pte Ltd , a fuel procurement and oil trading company.
Investments
YPS operates two power plants in Singapore: the Pulau Seraya power plant (3,040 MW), which is located in the east of Jurong Island, and the Jurong power plant .
legal form
YPS was incorporated as a Private Limited Company (Pte Ltd) under the laws of Singapore. The number of shareholders in this type of company is limited to 50. Pte Ltd is the most common type of company in Singapore.
Individual evidence
- ↑ a b c Temasek sells PowerSeraya to YTL Power International for an enterprise value of S $ 3.8 billion. Temasek , December 2, 2008, accessed October 25, 2014 .
- ↑ Milestones. YTL PowerSeraya, accessed October 22, 2014 .
- ↑ SINGAPORE'S ELECTRICITY AND GAS SECTOR: The Competitive Market Moves Forward. (PDF 226 KB p. 3) June 7, 2004, archived from the original on December 22, 2014 ; accessed on October 25, 2014 (English).
- ^ YTL PowerSeraya. YTL PowerSeraya, accessed October 22, 2014 .
- ↑ Our Business. YTL Power, accessed October 25, 2014 .
- ↑ Subsidiaries. YTL PowerSeraya, accessed October 25, 2014 .
- ^ How to set up an Incorporated Company. enter Singapore Business, accessed September 1, 2014 .