SINGAPORE: Sembcorp Industries (Sembcorp) opened its
second cogeneration plant, Sembcorp Cogen @ Banyan - a S$635-million
facility with the gross capacity to generate 400 megawatts of power and
200 tonnes per hour of process steam - on Friday (Oct 31).
The plant, which commenced commercial operations at the beginning of the month, generates electricity and steam for industrial companies on Jurong Island. It increases Sembcorp's combined gross power generating capacity in Singapore by 50 per cent to 1,215 megawatts, while enhances the flexibility and reliability of the company's power and steam supply.
A NEW TECHNOLOGY AND INNOVATION CENTRE
Sembcorp also launched a new Technology & Innovation Centre on Friday. It comprises laboratories and applied research and development (R&D) facilities for the development and integration of processes as well as running test-beds for emerging technologies.
The centre will also feature an advanced global asset management system, which is currently in development. The system will allow Sembcorp to manage its energy and water plants around the world.
Mr Tang Kin Fei, Group President and CEO of Sembcorp Industries, said: "Sembcorp's new cogeneration plant enhances Sembcorp's capabilities to serve companies across the whole of Jurong Island. At the same time, the Sembcorp Technology & Innovation Centre and our advanced global asset management system will allow us to effectively manage our international energy and water operations from Singapore, and further drive efficiency, optimisation of resources, availability and reliability. "
COLLABORATION WITH EMA
Speaking at the opening ceremony, Second Minister for Trade and Industry S Iswaran announced that Sembcorp will collaborate with the Energy Market Authority (EMA) on two new initiatives to support the long-term development of Singapore's energy sector.
The two initiatives are the Sembcorp-EMA Energy Challenge, a nationwide competition that aims to engage youths and inspire future leaders in the energy sector; and the Sembcorp-EMA Energy Technology Partnership, a S$10-million partnership to promote the development and commercialisation of new technologies that address the nation's energy challenges.
Under the partnership, Sembcorp and EMA will identify areas of focus where greater application of R&D can benefit both Singapore and the industry.
Apart from helping to meet Singapore's energy challenges, this partnership will also help strengthen local R&D capabilities. Further details on the first call for proposals are slated to be released next year.
These developments are not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the current financial year, the company said.
The plant, which commenced commercial operations at the beginning of the month, generates electricity and steam for industrial companies on Jurong Island. It increases Sembcorp's combined gross power generating capacity in Singapore by 50 per cent to 1,215 megawatts, while enhances the flexibility and reliability of the company's power and steam supply.
A NEW TECHNOLOGY AND INNOVATION CENTRE
Sembcorp also launched a new Technology & Innovation Centre on Friday. It comprises laboratories and applied research and development (R&D) facilities for the development and integration of processes as well as running test-beds for emerging technologies.
The centre will also feature an advanced global asset management system, which is currently in development. The system will allow Sembcorp to manage its energy and water plants around the world.
Mr Tang Kin Fei, Group President and CEO of Sembcorp Industries, said: "Sembcorp's new cogeneration plant enhances Sembcorp's capabilities to serve companies across the whole of Jurong Island. At the same time, the Sembcorp Technology & Innovation Centre and our advanced global asset management system will allow us to effectively manage our international energy and water operations from Singapore, and further drive efficiency, optimisation of resources, availability and reliability. "
COLLABORATION WITH EMA
Speaking at the opening ceremony, Second Minister for Trade and Industry S Iswaran announced that Sembcorp will collaborate with the Energy Market Authority (EMA) on two new initiatives to support the long-term development of Singapore's energy sector.
The two initiatives are the Sembcorp-EMA Energy Challenge, a nationwide competition that aims to engage youths and inspire future leaders in the energy sector; and the Sembcorp-EMA Energy Technology Partnership, a S$10-million partnership to promote the development and commercialisation of new technologies that address the nation's energy challenges.
Under the partnership, Sembcorp and EMA will identify areas of focus where greater application of R&D can benefit both Singapore and the industry.
Apart from helping to meet Singapore's energy challenges, this partnership will also help strengthen local R&D capabilities. Further details on the first call for proposals are slated to be released next year.
These developments are not expected to have a material impact on the earnings per share and net asset value per share of Sembcorp Industries for the current financial year, the company said.
- CNA/av
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