Temasek to sell three power generating companies
Afp, Singapore
Singapore's state-linked investment firm Temasek Holdings said Tuesday it plans to sell all three power generating companies under its stable in the next 12 to 18 months. Wong Kim Yin, Temasek managing director of investments, said the decision to divest its interest from PowerSeraya, Senoko Power and Tuas Power is part of efforts to liberalise the affluent city-state's electricity market. No value was given for the companies, but Wong said in a statement there has been "a lot of interest from potential buyers since last year." Temasek expects the divestment process to start in the second half of this year and be completed by end 2008 or early 2009.
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