PowerSeraya
Encyclopedia
PowerSeraya Limited is one of the key energy players in Singapore, generating about 30% of the country’s energy needs through its multi-utilities platform. With a primary focus on generation and retailing of electricity, the company also offers steam, water as well as physical oil trading and storage services. Its core business with a licensed generating capacity of 3,100MW is situated on Jurong Island - Singapore's oil, gas and petrochemicals hub.
PowerSeraya sells electricity to customers through its retail arm, Seraya Energy
, and manages fuel purchases through its physical oil trading arm, PetroSeraya
. Its operations are supported by its corporate office located at HarbourFront.
PowerSeraya was spun off from Singapore Power to become a Temasek Holdings-linked company in 2001. On 6 March 2009, the company was divested from Temasek Holdings
to become a wholly owned subsidiary of YTL Power
International Berhad.
PowerSeraya sells electricity to customers through its retail arm, Seraya Energy
Seraya Energy
Seraya Energy is an electricity retailer serving the Singapore electricity market. It is the retail arm of PowerSeraya Limited, one of the largest power generation companies in Singapore...
, and manages fuel purchases through its physical oil trading arm, PetroSeraya
PetroSeraya
PetroSeraya Pte Ltd is a subsidiary of PowerSeraya Limited, established in April 2007. Its establishment forms part of PowerSeraya’s diversification strategy to move into the non-regulated business and complements its core business of energy wholesaling and retailing.PetroSeraya plays a key role in...
. Its operations are supported by its corporate office located at HarbourFront.
PowerSeraya was spun off from Singapore Power to become a Temasek Holdings-linked company in 2001. On 6 March 2009, the company was divested from Temasek Holdings
Temasek Holdings
Temasek Holdings is an investment company owned by the government of Singapore. With an international staff of 380 people, it manages a portfolio of about S$193 billion at end of March 2011, focused primarily in Asia...
to become a wholly owned subsidiary of YTL Power
YTL Power
YTL Power, a subsidiary of YTL Corporation, generates and sell power as an independent power producer to Tenaga Nasional for uploading onto the National Grid, Malaysia....
International Berhad.