Media Releases

Sembcorp Industries (Sembcorp) is pleased to announce that its wholly-owned subsidiary, Sembcorp Utilities, has signed a memorandum of understanding (MOU) with the People’s Committee of Quang Ngai Province (Quang Ngai PC) today at the Viet Nam – Singapore Business Dialogue 2018 in Singapore.

The Climate Change Strategy outlines what Sembcorp sees as key drivers of the energy transition and why climate change matters to Sembcorp. It then explains how the company evaluates and responds to the various risks and opportunities posed by climate change and the emergence of the low-carbon economy, and its key climate change metrics and targets. It provides details on Sembcorp’s plans to reduce the negative impact of its operations through reducing its emissions and investing in the latest technologies to improving energy efficiency; as well as its plan to enhance its positive impact as a company by focusing on growing its gas and renewables portfolio and green business lines, and exploring new business models, products and services. In addition, the company has also articulated its policy stance going forward on certain issues which includes its decision to restrict investments in coal-fired power plants.

Sembcorp Power, the electricity retail arm of Sembcorp Industries, has unveiled a series of initiatives in line with its promise to deliver Energy that Makes a Difference in Singapore. With 15 years’ experience in electricity retail in Singapore, Sembcorp Power is a trusted provider of efficient, reliable and environmentally-friendly power.

Amaravati Development Partners (ADP) has been incorporated in India. The initial capitalisation will be Rs. 1,000,000 (Indian rupees one million). ADP is the project company undertaking the development of the 684-hectare Amaravati Capital City start-up area in the newly constituted state of Andhra Pradesh in India. The shareholders of ADP comprise Singapore Amaravati Investment Holdings (SAIH) with the controlling stake of 58%, with Amaravati Development Corporation (ADC), an agency of the State Government of Andhra Pradesh, holding the remaining 42% stake.

The Singapore Consortium, comprising Asia’s leading sustainable urban development providers, Ascendas-Singbridge and Sembcorp Development, a wholly-owned subsidiary of Sembcorp Industries, referred henceforth as the Singapore Consortium, intend to participate in setting up a visitor centre and exhibition gallery at the Amaravati Capital City Start-up Area in the state of Andhra Pradesh, India, known by its working title “Phase Z.ro”. The Singapore Consortium was appointed through a Swiss Challenge process as master developer of the Start-up Area which is spread over 684 hectares within the Guntur-Krishna districts, along the Krishna River.

Sembcorp Industries (Sembcorp) today announced its full-year 2017 (FY2017) results as well as the completion of its strategic review, unveiling a new strategy for the future to strengthen its businesses and pursue sustainable growth.

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