953 Singapore Power Triumvirate!
After ending the call, Chen Hui sat in the boss's chair and thought quietly.
At this time, several assistants said respectfully: "Mr. Chen, this is the information you want!"
Chen Hui said: "How are things going?"
One of the assistants said respectfully: "Chairman, there will be results this afternoon!"
"Chairman, there will be results tonight at the latest!"
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Chen Hui then took the information presented by the assistants and looked at it quietly.
Singapore's fresh water is supplied by Malaysia, but the electricity is basically solved by itself.
Singapore started the electricity reform in October 1995 and has been developing for more than 20 years. At present, Singapore's electricity market has complete infrastructure, diversified market structure, favorable supervision, and mature electricity price mechanism, and has achieved nationwide coverage of the power grid (except for some smaller islands), and its power supply quality is at the leading level in the world.
Today, there are 10 power generation companies in Singapore, with a total approved installed capacity of 13,518.6M.
From the perspective of power supply structure, Singapore is dominated by thermal power generation, accounting for 97.1%, and natural gas dominates the power supply of thermal power generation, followed by fuel oil and coal. Since 2005, natural gas power generation has been the largest source of thermal power generation in Singapore, and its proportion has been increasing year by year. Singapore started using coal for power generation this year, but the proportion of coal-fired power generation is still relatively small.
In the past two years, the maximum load of Singapore's electricity is 6613MV, 6850MV and 6977MV respectively, and it is only about 50% of the annual installed capacity.
Singapore's resources are scarce and scarce, and more than 90% of the natural gas for power generation depends on imports, so once there are problems with its imports, such as the interruption or reduction of natural gas supply, and the skyrocketing price of natural gas, there will be great hidden dangers in Singapore's domestic power supply.
Today's electricity market is currently oversupplied, and its power infrastructure is relatively complete, and the possibility of large-scale replacement is extremely low.
It can be said that Singapore's electricity market is completely saturated, and there will be no large-scale projects in the power sector other than electricity exports.
Temasek Holdings, which was once bankrupt, owns stakes in three power plants: Tuas Poer, PoerSeraya and Senoko Poer. Together, these three power plants account for 90% of Singapore's electricity supply.
After Temasek Holdings went bankrupt, these shares went to the California consortium, the HSBC consortium, and Thailand's CP Group.
Singapore's sovereign wealth fund is still the majority shareholder of the three power plants, Tuas Energy, San Noko Energy and Siraya Energy, and dominates their management and operation.
The three companies currently have similar market capitalizations, ranging from $2.5 billion to $3 billion.
And Chen Hui is going to swallow them in one bite!
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Time passed quickly, and at 2 o'clock, an assistant came running and said: "Chairman, at present, our people in the mainland of the building have negotiated with the 'Xia Neng Group', they can sell all the shares of Tuas Energy Company to us, but the asking price is 1 billion US dollars!"
Tuas Energy was established in March 1995 and its main business includes electricity production and retail, the provision of utility products and services such as steam, etc., with a total installed capacity of 2.577 million kilowatts, and its subsidiaries mainly include its wholly-owned Tuas Energy Power Generation Company (TPG) and Tuas Energy Utilities Company (TPU).
Tuas Energy Power Generation (TPG), located in the southwest of Singapore, currently operates a total installed capacity of 2,476,000 kilowatts, with one 600,000 kilowatt oil-fired unit commissioned in 1999, four 367,500 kilowatt combined cycle gas units commissioned in 2001, 2002 and 2005, and a 406,000 kilowatt natural gas combined cycle unit commissioned at the end of November 2013.
Tuas Energy Utilities (TPU) is responsible for the development and construction of the Dembusu multi-generation project on Jurong Island, Singapore, with a total investment of approximately S$2 billion, which will be built in three phases. The first phase of the project has been officially put into operation on March 1, 2013, mainly including one 450 tons/hour circulating fluidized bed boiler and supporting condensing steam turbine generator set (installed capacity of 101,000 kilowatts), two 200 tons/hour dual-fuel standby boilers, as well as wharves, office buildings, pipe networks and other corresponding supporting facilities.
The second phase of the A project will build a circulating fluidized bed boiler unit and generator set with a capacity of 400 tons/hour steam + 30,000 kilowatts of power generation and a backup boiler and steam transmission frame with 200 tons/hour of steam, which have now been officially put into operation this month.
Today, Tuas Energy has a market capitalization of US$3 billion and a 25% share of Singapore's electricity market!
Today, Singapore's sovereign wealth fund holds 30% of Tuas Energy's shares, the California consortium, HSBC consortium, and Thailand's CP Group hold a total of 20%, and the building's 'Xiamen Energy Group' holds about 30% of the shares!
Chen Hui pondered for a while and said, "Then $1 billion!", this price is also $100 million higher than the market price, but it's still acceptable!
After thinking about it, Chen Hui said: "Let the people from the Great Xia Branch sign a contract with them!"
"Yes!" the assistant hurried away.
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About another hour later, another assistant hurriedly came and said, "Chairman, Mr. Yang has agreed to sell us the shares of Siraya Energy Company for $800 million! And he also specially invited you to have dinner with you tomorrow night, I don't know if it is convenient for you?"
Siraya Energy Co., Ltd. is a company integrating energy production, wholesale, trade and retail, with electricity as the focus of its operation. The company is located on Jurong Island, an artificial island off the coast of southwest Singapore and the largest outer island in Singapore. Jurong Island covers a total area of nearly 32 square kilometres, and the land reclamation project has merged seven small islands into one large island.
Today, coupled with its excellent infrastructure, Siraya Energy has grown over the years to become an integrated energy provider that includes the sale of steam and water, as well as oil trading and storage.
Siraya Energy recently built a desalination plant to convert seawater into clean drinking water and plant water for existing boiler plants and their equipment. The daily water production is up to 10,000 m³. All operations in the plant are monitored and controlled by the STARDOM and FAST/TOOLS SCADA integrated systems. Yokogawa Electric Engineering Asia Co., Ltd. completed the installation of the system under a very tight schedule and has been in operation since September 2007 without major system problems.
Siraya Energy is currently worth US$2.8 billion, accounting for 28% of Singapore's total power generation capacity!
Singapore's sovereign wealth fund holds 31% of Siraya Energy's shares, California consortium, HSBC consortium and Thailand's CP Group hold a total of 20%, and Malaysia's 'Yang Chung Li' Power International holds 29% of the shares!
Chen Hui pondered for a while, and said, "It's about tomorrow night!" The $800 million is just the market price, Malaysia has suffered a financial crisis recently, and the life of Yang Zhongli, a wealthy man in Malaysia, is not too good, and the price of $800 million is enough for him to solve the company's difficulties.
The assistant immediately said: "Okay, chairman, I will inform Mr. Yang that he will fly over from Malaysia to have dinner with you at that time!"
Yang Zhongli originally planned to invite the chairman to dinner tonight, but the chairman had already arranged a dinner tonight, so he could only make an appointment for tomorrow night.
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Soon in the afternoon, when Chen Hui was about to leave his office, another assistant ran over and said, "Chairman, good news, Dongying's Marubeni Group has also agreed to sell its shares in San Noko Energy Company to us for $800 million!"
With a total installed capacity of 2,670 MW, including 1,200 MW of oil-fired steam turbine units and 1,470 MW of natural gas combined cycle generating units, San Nogo Energy has a 37% share of Singapore's electricity market.
At the same time, in addition to power generation, it is also involved in desalination, and in 2005 it was inaugurated as a desalination plant at the San Nogo Power Plant, which mainly provides industrial water!
Today, it has a market capitalization of $3.2 billion!
Singapore's sovereign wealth fund holds 29% of the shares of San Noko Energy, the California consortium, the HSBC consortium and Thailand's CP Group hold a total of 21%, and the consortium led by Marubeni holds a total of 25% of the shares!
Chen Hui smiled with satisfaction, Dongying News broke the news that a hedge fund under Marubeni Group had lost billions of dollars in the spot silver market, but there were guys who lost tens of billions of dollars to cover their limelight!
Now they need to sell their assets to replenish their funds.
After all, the Singapore power market is saturated, it is difficult to have any new breakthrough points, and they can only export electricity, or the overseas expansion of enterprises, and the shares they hold in San Nogo Energy Company were bought in 2008, and now they have not increased much value!
It is rare to obtain 800 million US dollars in funds, which is also just a good way to alleviate the problem of financial constraints!
So Chen Hui said: "Very good, let the people from the Dongying branch sign a contract with them!"
The assistant immediately said, "Yes, chairman!", and hurriedly left the office.
At this time, Chen Hui said to another assistant: "There are also people in the stock market, and some financial institutions can buy some shares of Tuas Energy Company, San Nogo Energy Company and Siraya Energy Company!
Tan Hui intends to hold 30% of each company's shares, marginalize Singapore's sovereign wealth fund at the shareholders' meeting, and set up a power group company as a standard chartered consortium in the power industry!
Forget it, he spent another $2.6 billion!
The previous acquisition of a 20% stake in Singapore Telecom Group cost $8.6 billion, and the creation of Singapore Tourism Group cost $400 million, for a total of $11.6 billion!
The assistant said, "Chairman, I'll do it!", and he hurriedly walked out of the chairman's office.
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