Singapore Power

Singapore Power (Abbreviation: SP; Chinese: 新加坡能源有限公司) is the corporatised entity of the former Electricity and Gas departments of the Public Utilities Board. The company provides electricity and gas transmission, distribution services, and market support services to more than a million customers in Singapore. It is one of the largest corporations in Singapore. Singapore Power was first incorporated as a commercial entity in October 1995 as Singapore Power and Gas, but because the abbreviation of that name (SPG) had negative connotations, it was quickly changed to Singapore Power, it was created to take over the electricity and gas businesses of the state provider, the Public Utilities Board. Since 1995, Temasek Holdings controls the entire company with a 100% stake.

The company is involved in a major investment in Australia's Alinta in partnership with Babcock & Brown, after putting up a bid of A$13.9 billion (S$17 billion), beating out a rival bid by Macquarie Bank.

It was reported that over 600 victims of the 2009 Black Saturday bushfires in Australia, which killed 171 people, signed a class action lawsuit against Singapore Power. The action alleges negligence and breach of duty in the service and maintenance of powerlines controlled by them in the state of Victoria. In particular, the lawsuit alleges the power company negligently failed to fit a $10 protective device on the power line, which contributed to it breaking and starting the devastating Kilmore East fire on 7 February 2009. Singapore Power stated that they were not the defendants in the case, rather the defendant was SPI Electricity Pty Ltd, Singapore Powers electricity distribution operating company.

In 2015, Singapore Power dismissed and subsequently reported to Corrupt Practices Investigation Bureau four employees: Ridhuan Ramli, Suffiandi Mohamad Suhaimi, Kutty Hassan and Jasman Tiron, who had suspectedly accepted bribes of between S$50 and S$450 for “not creating difficulties” for China Construction South Pacific during an installation inspection.

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