Tuaspring Pte Ltd (Receivers and Managers appointed)

The Tuaspring Power Plant is a 396MW combined cycle power station, the newest and most efficient power plant in Singapore. Upon being appointed receivers and managers of Tuaspring we took operational control over the power plant and the associated energy trading required in a Singapore privatised energy sector. The energy trading we undertook achieved results significantly greater than the Bank’s expectations. The plant was successfully sold.