The PowerSeraya Group has two subsidiaries: Seraya Energy Pte Ltd provides energy solutions to contestable customers in Singapore's National Electricity Market (NEM) and has a market share of over 28% in the contestable Retail Market. Seraya Energy and Investment Pte Ltd is the investment arm of PowerSeraya through which we have set up PetroSeraya Pte Ltd, our physical oil trading business.

The retail arm of the PowerSeraya Group, Seraya Energy was formed in May 2001. Today, it is the fastest-growing energy retailer and was listed as amongst the top “Singapore 1000 Company” ranking in 2009 for its consistent financial performance. It was one of the top 100 companies in Asia to be listed in the CIO 100 Honouree 2008, an award given to the top 100 organisations that have through strategic use of information technology, added value to their business. Seraya Energy has continually introduced new business processes and capabilities to empower its customers. It formed a new business alliance with United Overseas Bank in September 2009 to jointly promote an electricity package that provided customers additional savings and cash rebates.

PetroSeraya began operations in 2 April 2007. As PowerSeraya's oil trading subsidiary, it plays a key role in managing the Group's fuel purchases, a significant component in the generation cost, while optimising the parent company's existing fuel management assets such as tanks and jetties.

Venturing into physical oil trading and commercial terminal operations activities is a natural progression to capitalise and build upon the team's fuel handling capabilities. As the physical oil trading arm of the PowerSeraya Group, PetroSeraya is well-placed to improve PowerSeraya's fuel procurement, cut risks and improves the value of our fuel stock.