SembCorp eyes expansion<\/p>\n
SINGPOERE (DPA): SembCorp Industries Ltd., Southeast Asia's
\nlargest civil engineering company, is looking at South Korea,
\nMalaysia, Thailand, the Philippines and Indonesia in its zeal to
\ninvest in deregulated power plants, it was reported on Saturday.<\/p>\n
"If there are privatised projects which meet our investment
\ncriteria, we will be interested in them," spokesman Kelvin Lee
\ntold The Business Times.<\/p>\n
SembCorp has identified power generation as one of its main
\nbusinesses, attracted by the sector's reduce reliance on the
\neconomic cycle.<\/p>\n
It is currently preparing a bid for a Singapore state-owned
\npower plant which the city-state's investment arm, Temasek
\nHoldings, expects to sell in the second half of the year.<\/p>\n
Other international companies including Union Energy Inc. of
\nCanada and Edison Mission Energy have also expressed interest in
\nbuying Asian power assets as they are freed up through
\nderegulation.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/sembcorp-eyes-expansion-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}