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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).

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