YTL Power managing director Datuk Yeoh Seok Hong said Tuaspring’s combined cycle power station would complement the group’s existing power generation assets in Singapore.has completed the acquisition of Singapore’s Tuaspring Pte Ltd’s 396MW combined cycle gas turbine power plant.
In a statement, YTL Power said the acquisition was done through its wholly-owned subsidiary, YTL PowerSeraya Pte Ltd. The international multi-utility group also said the original purchase consideration of S$331.45mil , which was to be settled via a combination of cash, together with shares and shareholder loans in YTL PowerSeraya, was reduced to a purely cash consideration of S$270mil on completion.
YTL Power managing director Datuk Yeoh Seok Hong said Tuaspring’s combined cycle power station would complement the group’s existing power generation assets in Singapore. — Agencies