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
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 ...
. 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 Ees ...
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 engine ...
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 energy, renewable and non-renewable energy, non-renewable. These laws are the primary authority, primary authorities (such as caselaw, statutes, rules, regulations and edicts) re ...
Electric power companies of Singapore