SINGAPORE - Singapore's Sembcorp Industries (SCI) said on Tuesday it is keen to increase its stake in a power project in Vietnam being offered for sale by BP Plc .
Sembcorp, which owns a majority stake in the world's second largest rigbuilder Sembcorp Marine, already owns a third of the Phu My-3 Power Company.
'We are interested in buying BP's stake in Phu My-3 power project,' a spokesman for SCI said.
Singapore's The Business Times newspaper reported SCI may want to buy another one-third stake in the $684 million (US$503 million) project.
BP, scrambling to hive off US$30 billion of assets to pay to clean up the worst oil spill in US history, is trying to sell a number of assets in Vietnam. It has tapped HSBC to advise on the sale of Nam Con Son gas project in Vietnam, which is worth US$966 million by one estimate. -- REUTERS
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