Sembcorp unit signs 10-year power purchase agreement with Singtel worth around S$180 million annually

Sembcorp Industries said that its wholly-owned subsidiary Sembcorp Power has signed a 10-year power purchase agreement to supply electricity to Singtel, with an annual contract value of around S$180 million.

Sembcorp said in a bourse filing that the power purchase agreement will commence on Oct 1 this year, and is subject to approval by Singtel’s shareholders at the upcoming annual general meeting.