YTL Power acquires Hyflux's Tuaspring power station for $270m in cash

1/6/2022 3:22:00 PM

YTL Power acquires Hyflux's Tuaspring power station for $270m in cash

SINGAPORE - YTL Power International has completed its acquisition of Hyflux's Tuaspring power station.In a statement on Wednesday (June 1), the international utility group said its wholly owned subsidiary, YTL PowerSeraya, had completed the purchase at $270 million in cash.

It noted that the original purchase consideration was $331.45 million, which was to be settled by a combination of cash, shares and shareholder loans in the holding company of YTL PowerSeraya.YTL Power managing director Yeoh Seok Hong said:"Tuaspring's combined cycle power station complements the group's existing power generation assets in Singapore, creating significant synergies across our portfolio of utility businesses.

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sg/w2FH SINGAPORE - YTL Power International has completed its acquisition of Hyflux's Tuaspring power station. In a statement on Wednesday (June 1), the international utility group said its wholly owned subsidiary, YTL PowerSeraya, had completed the purchase at $270 million in cash. Unlike the stuffy corporate styles that erased all traces of femininity in the workplace, Armani’s power suit flowed with clean lines and sharp tailoring to command authority in a subtle and elegant manner, ultimately empowering women to come dressed as themselves rather than as one of the boys. It noted that the original purchase consideration was $331. Singapore Casket's assistant general manager, Mr Calvin Tang, said it first banned such items at its funeral parlour halls in Lavender Street in 2019.45 million, which was to be settled by a combination of cash, shares and shareholder loans in the holding company of YTL PowerSeraya. Acclaimed by makeup artists and beauty aficionados worldwide for its quality formulas, Armani’s collection of luxe fragrances, skincare and makeup is meticulously developed by the designer himself to bring forth innate beauty rather than conceal it, inspiring confidence on the red carpet and in the boardroom alike for over two decades. YTL Power managing director Yeoh Seok Hong said:"Tuaspring's combined cycle power station complements the group's existing power generation assets in Singapore, creating significant synergies across our portfolio of utility businesses. The project, which started last year with small volumes of ammonia at another unit at Hekinan, is aimed at cutting carbon dioxide (CO2) emissions by using cleaner fuels.

"The Tuaspring plant is one of the most technologically advanced assets on Singapore's power generation grid and this was a sound opportunity to acquire a well-structured, operating asset with a proven operational track record, enabling us to consolidate our power generation capacity in Singapore". Armani beauty’s Power Fabric+ Foundation combines full coverage, long wear and a lightweight finish for active women who want to look and feel impeccable throughout the day. The comfort of other grieving families is also important to us," he said on Tuesday (May 31). The power station was commissioned in 2016 and was originally constructed as part of a desalination project under a private-public partnership project between national water agency PUB and Hyflux. The desalination plant was subsequently taken over by PUB in 2019 to safeguard Singapore's water supply after the agency found that Hyflux's financial position was untenable. With modern power dressing shifting its emphasis towards making women feel comfortable and confident, so, too, has the Power Fabric+ Foundation enhanced its original formulation to better suit the needs of modern women. More On This Topic . Singapore Funeral Parlour banned electronic wreaths at its building in Tampines in April after experiencing power outages several times a day around end-March.