Founded 1995 | Parent organization YTL Power | |
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PowerSeraya Limited is one of the key energy players in Singapore, generating about 30% of the country’s energy needs through its multi-utilities platform. With a primary focus on generation and retailing of electricity, the company also offers steam, water as well as physical oil trading and storage services. Its core business with a licensed generating capacity of 3,100MW is situated on Jurong Island - Singapore's oil, gas and petrochemicals hub.
PowerSeraya sells electricity to customers through its retail arm, Seraya Energy, and manages fuel purchases through its physical oil trading arm, PetroSeraya. Its operations are supported by its corporate office located at HarbourFront. PowerSeraya was spun off from Singapore Power to become a Temasek Holdings-linked company in 2001. On 6 March 2009, the company was divested from Temasek Holdings to become a wholly owned subsidiary of YTL Power International Berhad.