YTL PowerSeraya Pte. Limited is an electricity producer in Singapore, generating about 30% of the country’s energy needs. The company also offers oil trading and storage services. Its core business with a licensed generating capacity of 3,100MW is situated on Jurong Island. YTL PowerSeraya sells electricity to customers through its retail arm,
Seraya Energy Seraya Energy is a licensed electricity retailer serving the Singaporean electricity market. It is a subsidiary of YTL PowerSeraya Pte. Limited, one of the largest power generation companies in Singapore.
The company serves customers in a wide ran ...
, and manages fuel purchases through its oil trading arm,
PetroSeraya. Its corporate office is located at Alexandra Road.
Originally part of Singapore Power, the company was part of
Temasek Holdings
Temasek Holdings (Private) Limited, or simply Temasek, is a Singaporean state holding company owned by the Government of Singapore. Incorporated on 25 June 1974, Temasek owns and manages a total of US$496.59 billion (S$671 billion) in assets u ...
from 2001. On 6 March 2009, the company was divested from Temasek Holdings to become a wholly owned subsidiary of
YTL Power
YTL Power International Berhad (), a subsidiary of YTL Corporation, generates and sells power as an independent power producer to Tenaga Nasional for uploading onto the National Grid, Malaysia.
In December 2010, YTL Power acquired 30% stake in E ...
International Berhad. The legal name is YTL PowerSeraya Pte. Limited.
PetroSeraya
PetroSeraya Pte Ltd, a subsidiary of PowerSeraya Limited, was established in April 2007.
Its establishment forms part of PowerSeraya's diversification strategy to move into the non-regulated business and complements its core business of
energy wholesaling and retailing. PetroSeraya plays a key role in managing PowerSeraya's fuel purchases – which form a significant component in the generation cost – as well as optimising the parent company's existing fuel management assets, such as
tanks
A tank is an armoured fighting vehicle intended as a primary offensive weapon in front-line ground combat. Tank designs are a balance of heavy firepower, strong armour, and good battlefield mobility provided by tracks and a powerful engi ...
and jetties.
References
{{Reflist
External links
YTL PowerSerayaGeneco (by Seraya Energy)PetroSeraya
See also
* Energy law
Energy laws govern the use and taxation of energy, both renewable and non-renewable. These laws are the primary authorities (such as caselaw, statutes, rules, regulations and edicts) related to energy. In contrast, energy policy refers to th ...
Electric power companies of Singapore