Malaysia's YTL Power expands infrastructure in S'pore with goal to lower electricity prices for customers

A data centre in Tagore Lane owned by Dodid, which was acquired by YTL Data Centre Holdings last December. PHOTO: DODID
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SINGAPORE - Malaysia-listed YTL Power International is expanding its market share in Singapore in a move that could bring cheaper and greener electricity for consumers, the firm said.

YTL PowerSeraya (PowerSeraya), its wholly owned Singapore subsidiary, paid $270 million in cash last week to buy a gas-fired power plant from Tuaspring, which was formerly owned by the now-bankrupt water company Hyflux.

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