PowerSeraya was divested from Temasek Holdings to Sabre Energy Industries Private Limited, a wholly-owned unit under YTL Power International Berhad, on 6 March 2009. The divestment formed part of the Singapore government’s efforts to liberalise the electricity market, with PowerSeraya being the final power generation company to be divested for S$3.8 billion.

YTL Power, a leading power generation company in Malaysia, is listed on the Main Board of Bursa Securities and is 61%-owned by YTL Corporation. It owns two gas-fired combined cycle power plants within Malaysia with a combined capacity of 1,212MW. The acquisition of PowerSeraya would enable YTL Power to participate significantly in the Singapore electricity market.

More information on YTL can be found on www.ytl.com.my.