ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Energy

Ailing Senoko Energy asks for aid from Singapore

Utility owned by Marubeni, Kansai Electric and others braces for continued overcapacity

A Senoko Energy power plant in northern Singapore. (Photo by Takashi Nakano)

SINGAPORE -- Struggling Singaporean utility Senoko Energy is requesting a rescue package of lending and other support from the government to ride out a supply glut expected to persist for a few more years.

Senoko has asked to borrow an estimated 100 million to 200 million Singapore dollars ($73 million to $146 million).

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more