Menu Sectors
Project Finance Copying and distributing are prohibited without permission of the publisher

Asia Report: Reformation

01 December 2001

What new risks for lenders will Singapore's power transformation throw up? By Brian Cahill, Moody's, Sydney.

Read more: [BOT]

The Singapore electricity (and gas) industry is in the midst of the most radical reform in its history, albeit in a form not dissimilar to that seen in other markets. Singapore Power has transferred its two generation plants (Senoko Power and PowerSeraya) to Temasek Holdings in preparation for their sale (together with Tuas Power) by the first quarter of 2002. In short, a wholesale electricity market is being introduced which will result in contestability for the generation and retail markets. It is expected that all retail electricity customers will be contestable by 2003. Consequently, lenders to Singapore's electricity sector will need to start afresh when assessing the risks facing individual companies. As is the case with other restructured energy markets, the risks are now more exposed. In particular, lenders will need to assess the risks in a newly competitive generation and retail sector and calculate which companies are most exposed...

Latest Deals Database updates

Reading Civic Centre Update date 17/04/2014
Sector Social Infrastructure/PPP/P3/PFI > Social Housing
Country Europe - EU > UK
Total Debt Loan Amount
Status Preferred bidder
El Limon-Guajes Gold Update date 17/04/2014
Sector Mining/Metals > Metals
Country Latin America > Mexico
Total Debt Loan Amount
Status Finance mandated
Highway 407 East (Phase 2) Update date 17/04/2014
Sector Transport > Highway maintenance
Country North America > USA
Total Debt Loan Amount
Status RFP
Change font size: Switch to default font size Switch to medium font size Switch to large font size