01 Jun 2022

The sale of the S$270 million Tuaspring Power Plant

Leading by Partners Tan Chuan Thye, SC and Shemane Chan, Partners Sandy Foo, Benjamin Tay, Wilson Zhu, Loh Yong Hui and Senior Associate Kimberly Tho successfully concluded the sale of the Tuaspring Power Plant to a subsidiary of YTL Power International. The conclusion of the sale is a highlight for the firm as the team was faced with many challenges, including complexities posed by the de-coupling of what had been constructed as a single integrated desalination and power plant project. The power plant was sold for S$270 million in cash.