Bright lights: YTL Power has confirmed it completed the acquisition of the 396MW Tuaspring combined-cycle gas turbine power plant in Singapore. — Getty Images
PETALING JAYA: The acquisition of the Tuaspring power station by YTL Power International Bhd
has expanded its Singapore generation capacity by 16.5%. The additional capacity, according to MIDF Research, comes at a good time with outlook on the Singapore power sector improving.
“Multi-utilities division earnings (of the group) are gaining strong traction from higher electricity prices in Singapore, and the Tuaspring addition could further underpin this trend,” it said in a report.
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