Sembcorp Industries’ wholly-owned subsidiary, Sembcorp Development, has entered into a sale and purchase agreement that will increase its interest in Vietnam Singapore Industrial Park Pte Ltd (VSIPPL) from 92.9% to 96.6%. The acquisition of shares in VSIPPL from a minority shareholder is expected to be completed by end November 2017. The total purchase consideration of US$6.9 million was calculated based on the net asset value of VSIPPL as at September 30, 2017.

Sembcorp has won yet another project in India’s wind power market. Its renewable energy business Sembcorp Green Infra was awarded a 250-megawatt project in the country’s second nationwide wind power tender. This makes Sembcorp the utility player which has won the largest combined capacity in India’s two national wind power tenders so far.

Sembcorp Industries (Sembcorp) delivered an improved underlying performance for the first nine months of 2017 (9M2017). Group profit from operations (PFO) increased 11% to S$685.5 million from S$617.1 million. Group net profit decreased to S$208.0 million from S$247.4 million mainly due to exceptional items and higher finance costs. Turnover was S$6.2 billion compared to S$5.9 billion in the same period last year.

Sembcorp Industries (Sembcorp) is pleased to announce that it will be developing two grid-tied rooftop solar energy systems at ST Aerospace’s facilities in Changi and Seletar. This is Sembcorp’s second rooftop solar energy deal to serve the aerospace and aviation industry in Singapore.

Sembcorp Industries (Sembcorp) wishes to announce that its wholly-owned subsidiary Sembcorp Utilities has entered into an agreement to acquire IDFC Private Equity Fund III (IDFC)’s remaining stake in Sembcorp Green Infra (SGI), for INR 1410.2 Crores (approximately S$301 million). With this, Sembcorp will become the sole owner of SGI.

Sembcorp Industries celebrated the topping out of Nanjing International Water Hub, its latest technology and business centre in China. Vice Secretary of the Communist Party of China Nanjing Jianye Committee and Mayor of the Nanjing Jianye District Government, Min Yifeng, and Singapore’s Deputy Consul-General in Shanghai, Philip Ong, joined in the ceremony marking the completion of superstructure concrete works for the water hub. The development remains on track for completion in 2018.

Sembcorp Industries posted a net profit of S$174.4 million and a turnover of S$4.4 billion for the first half of 2017 compared to S$193.5 million and S$3.7 billion in 1H2016 respectively.

Sembcorp Industries is pleased to announce the appointment of Jonathan Asherson OBE as an independent director on its board with effect from July 17, 2017.

Sembcorp Industries (Sembcorp) is pleased to announce that it has added two operating rooftop solar facilities in Singapore to its global renewable energy portfolio.

The National Parks Board (NParks) today announced the start of enhancement works for the National Orchid Garden, located within the Singapore Botanic Gardens. The enhancements will focus on the new Tropical Montane Orchidetum, comprising The Sembcorp Cool House, Tan Hoon Siang Mist House and Yuen Peng McNeice Bromeliad House, all of which will be connected by the Secret Ravine.

A team of two students, Lim Kia Teng, 17, and Zhou Jiahao, 18, from the NUS High School of Mathematics and Science has been named winner of the 10th Singapore Junior Water Prize 2017. The annual national competition is organised by Sembcorp Industries (Sembcorp), Lien Foundation and Ngee Ann Polytechnic and supported by PUB, Singapore’s National Water Agency.

Asia’s leading sustainable urban development providers, Ascendas-Singbridge and Sembcorp Development, a wholly owned subsidiary of Sembcorp Industries, have jointly received the letter of award for the master development rights to the Amaravati City Start-up Area in Andhra Pradesh, India.