- Singapore has ~12.3GW of electricity generation capacity as at Mar-2022 based on EMA statistics. Of which, the top 5 players (Senoko Energy, YTL PowerSeraya, Tuas Power, Sembcorp Cogen, Keppel Merlimau Cogen) accounted for 79% of the market.
- As ~70% of capacity is foreign-owned and given that the market has been very tough for a prolonged period pre-COVID, attracting new investments from these foreign players could prove challenging, in our view.
Singapore power market tightness to persist.
- - Read this at SGinvestors.io -
- New investment cycle has just kick-started in 2023 with Sembcorp and Keppel Corp committed to build two units of 600MW hydrogen ready power plants, representing ~10% of current total capacity, that will come online by 2026.
- - Read this at SGinvestors.io -
Temporary price cap (TPC) to prevent huge volatility in electricity prices.
- Read more at SGinvestors.io.
Above is the excerpt from report by DBS Group Research.
Clients of DBS may access the full report in PDF @ https://www.dbs.com/insightsdirect/.
Pei Hwa HO DBS Group Research | https://www.dbs.com/insightsdirect/ 2023-06-20
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