PowerSeraya boosts Singapore’s energy sector anew

Petrochemical companies on Jurong Island will benefit from PowerSeraya’s newest 800MW Co-Generation Combined Cycle Plant. The company, part of YTL Power, unveiled the natural gas-fired facility today, which is capable of producing electricity and steam simultaneously for export to customers in the Seraya cluster.

The US$616 million facility also marks the expansion of PowerSeraya’s diversified energy strategy to offer multi-utility services that include electricity, steam and water.

The establishment of the facility is expected to boost the company’s position in Singapore where it currently holds the largest share of 30 per cent in the energy retail contestable market.

With the new Co-Generation Combined Cycle Plant, coupled with the successful conversion of two units of its combined cycle power plants, PowerSeraya now holds the largest co-generation capacity of close to 1,500MW in Singapore. This further strengthens the company’s multi-utility capability to expand its product and service offering to cater to the growing energy needs of more than 95 petrochemical companies located on Jurong Island.

Since 2007, electricity consumption in Singapore has grown by about 25 per cent. PowerSeraya in its new capacity is therefore well-positioned to support the growth and development of its client base and the industry.

 “The establishment of the Co-Generation plant is a testament of our commitment to meet the growing demand and opportunity we see in the sector. With the new plant, PowerSeraya will be able to improve the competitiveness of steam-user companies on Jurong Island by allowing them to focus on their core business due to a resulting decreased need for them to produce their own steam supply through internal operational conversions. This allows them to reduce their business capital and operating costs,” said John Ng, CEO of PowerSeraya.