Sembcorp penetrating on Hyflux’s Tuaspring energy plant, during a right cost – The Business Times

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SEMBCORP Industries is gripping a options open for Hyflux’s Tuaspring co-generation energy plant “if a cost was right”.

Group arch executive officer Neil McGregor told The Business Times on Wednesday during a conglomerate’s initial entertain formula briefing: “We were once interested… We are gripping a options open. Naturally if a cost was right, this might be of seductiveness to us. But we have to wait and see what transpires… So we… are gripping an eye on a development.”

Debt-ridden Hyflux announced on Tuesday that Tuaspring’s usually cumulative creditor has allocated receivers to take over a energy plant.

The charged skill is a Tuaspring co-generation energy plant, and excludes a desalination plant and other common infrastructure that are theme to a rights of inhabitant H2O group Public Utilities Board (PUB).

It was reported final year that Sembcorp Industries was one of usually dual bidders pre-approved by PUB as intensity buyers of Tuaspring, though usually Sembcorp had submitted a final bid. The offer was reportedly underneath book value.

 

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