Understandably, the firm intends to lead the way by investing around US$347 million to convert its steam-powered facilities to gas-fuelled power generators.
In a statement Senoko CEO Rob Adair said, “By switching to gas, the company hopes to be in a better competitive position in Singapore’s retail market. Senoko also feels that the move will provide [us] with sufficient back-up resources in the event of a power shortage such as that experienced last month.”
Large areas of Singapore were plunged into darkness for a couple of hours due to a series of errors and faults.
According to Adair, switching to gas now gives the firm an edge over its competitors and is a benefit to its consumers.
“We have built this combined cycle gas technology capability which makes us the largest gas fired capability in Singapore for the expressed purpose of being able to supply to our customers competitive priced and clean, environmentally, electricity. [And] those prices have already been translated into contracts that we've signed for one, two years or more, in some cases with our retail customers,” said Adair.
