YTL Power's RM1b purchase of Singapore's Tuaspring plant

YTL Power said the assets would form a logical extension of YTL Power’s existing multi-utility operations in Singapore.

PETALING JAYA: YTL Power International Bhd and its subsidiary has entered into an agreement to acquire the power plant and associated assets of Tuaspring Pte Ltd for S$331.45mil (RM1bil).

Taser Power Pte Ltd, a wholly-owned subsidiary of YTL PowerSeraya Pte Ltd, which in turn is wholly-owned by YTL Power, had entered into a put and call option agreement with Tuaspring.