YTL shortlisted in Singapore power bid

SINGAPORE: A consortium led by Hong Kong’s CLP, Bahrain’s Arcapita and Malaysia’s YTL Corp has made the second round in the bidding for Singapore electricity generating firm PowerSeraya, the Business Times reported today.Singapore firms Sembcorp Industries and Keppel Corp failed to make the shortlist, the paper quoted sources as saying.CLP’s partners include Japanese trading house Itochu and Thailand Electricity Generating Public Co, the paper added.PowerSeraya is the third of three power companies that Singapore state investor Temasek Holdings is selling as part of efforts to liberalise the city-state’s electricity market. - Reuters