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Article: Singapore: Cheaper power for petrochem firms.
- Article from:
- TendersInfo
- Article date:
- November 12, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: manish03
PETROCHEMICAL companies looking to set up processing plants at the Tembusu area of Jurong island can look forward to around 10 per cent of savings on their utility bills, with the construction of Tuas Power's $2 billion multi-utilities plant there.
The plant, with an initial opening planned for 2012, will supply steam, chilled water and electricity, which when co-produced, will lead to higher efficiency.
These cost savings will be passed on to customers through more competitive rates, which will be around 10 per cent lower when compared to energy from gas-fired plants, said Mr Lim Kong Puay, president and chief executive of ...