Support for PowerSeraya bid – YTL Power

IPA Energy + Water Economics was engaged as the electricity industry and market analysis advisor for YTL Power from Malaysia in it successful purchase PowerSeraya (3.1 GW) for an enterprise value of SGD3.8 billion (USD2.6 billion).   This was the last of three gencos to be sold by Temasek the Singapore government’s holding company.  IPA Energy + Water Economics worked closely with the bidders and their financial advisors, Lexicon Partners, to support their preliminary and final unsolicited bid.  We supported their efforts to raise the required financing by answering queries, preparing additional scenarios, and market report for the lead arranging bank.