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Hao Mart signs 25-year deal to buy renewable electricity from Union Power
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Hao Mart deputy CEO Justin Tan and Union Power executive director Ellen Teo.
ST PHOTO: ALPHONSUS CHERN
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SINGAPORE – Supermarket and minimart chain Hao Mart has signed a 25-year power purchase agreement (PPA) to buy renewable electricity from Union Power at an attractive rate compared with the current wholesale market.
The deal includes the installation of solar panels at its mega warehouse outlet in Changi at no cost to Hao Mart, its deputy chief executive officer Justin Tan told The Straits Times. The chain runs more than 45 retail outlets across Singapore.
