Singapore Power Limited,
trading as
Trade involves the transfer of goods and services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market.
An early form of trade, barter, saw the direct excha ...
SP Group (
abbreviation: SP) is a government-affliated electricity and gas distribution company in
Singapore
Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, borde ...
. Singapore Power Group is the corporatised entity of the former electricity and gas departments of the
Public Utilities Board. SP Group was first incorporated as a commercial entity on 1 October 1995 as Singapore Power and Gas to take over the electricity and gas businesses of the state provider, the
Public Utilities Board.
Through its subsidiaries, the company is the sole
electrical grid
An electrical grid is an interconnected network for electricity delivery from producers to consumers. Electrical grids vary in size and can cover whole countries or continents. It consists of:Kaplan, S. M. (2009). Smart Grid. Electrical Power ...
and
gas grid operator in the country, and provides electricity and
gas transmission, distribution services, and market support services to more than a million households in Singapore.
History
PUB was located initially at
City Hall
In local government, a city hall, town hall, civic centre (in the UK or Australia), guildhall, or a municipal building (in the Philippines), is the chief administrative building of a city, town, or other municipality. It usually houses ...
. After outgrowing its office space in City Hall, the PUB Building, located near Singapore's main shopping belt of
Orchard Road
Orchard Road, often known colloquially as simply Orchard, is a major –long road in the Central Area of Singapore. Known as a famous tourist attraction, it is an upscale shopping area of Singapore, with numerous internationally renowned depa ...
, was built to accommodate several departments of the PUB.
[* ]
The PUB Building was completed in 1977; construction cost
S$32 million.
It was renamed as the Singapore Power Building, after PUB's electricity and
gas operations were
corporatised to Singapore Power on 1 October 1995.
The Singapore Power Building was renovated in 2006, when Singapore Power chose not to redevelop its corporate headquarters. Instead, it opted to refurbish and
reclad the building in silvery metal.
Since 1995, SP Group has been wholly owned by Singapore investment fund
Temasek which in turn is wholly owned by the
Singapore government.
On 29 January 2007, PUB moved out of the building to join its parent ministry,
, at the Environment Building on
Scotts Road.
The company was renamed "SP Group" from 28 February 2017 onwards. SP Group relocated its main office building to Kallang in 2017. It operates a single Customer Service Centre in Toa Payoh.
Structure
Major subsidiaries
*SP Services – Provides integrated customer billing services for electricity, water and piped gas supplies in Singapore. It holds the nation's Market Support Services License to provide meter reading services, meter data management, and facilitates customers' transfer from the regulated tariff to the Open Electricity Market retailers, or to the wholesale electricity market.
*SP Digital
*SP PowerGas – The sole licensed gas transporter and gas system operator, transporting both natural gas and town gas. It owns and operates all the gas pipelines in Singapore and is responsible for delivering gas to users through its gas pipe network. It operates a town gas system as well as a natural gas system which is transmitted from Sumatra.
*SP PowerAssets – The sole provider of electricity transmission and distribution services in Singapore. It holds the Transmission License and owns the electricity transmission and distribution Network of Singapore including major transmission and distribution assets like substations and underground cables with an approximate network value of S$6.5billion (as at 31 Mar 6)
*SP PowerGrid – Manages the nation's electricity transmission network and the operation of the distribution network.
Major joint ventures
*Power Automation – a joint-venture company set up by SP Group with Siemens in July 1995 to offer engineering services in protection systems, substation control and energy management and information systems across Asia Pacific.
*Singapore District Cooling – a joint-venture company set up by SP Group with Dalkia in September 2000 as a partner to implement the pilot District Cooling project at Marina South New Downtown.
District Cooling
District cooling is the cooling equivalent of district heating. Working on broadly similar principles to district heating, district cooling delivers chilled water to buildings like offices and factories needing cooling. In winter, the source for ...
is an urban utility service involving the centralised production of chilled water for distribution to commercial buildings for air-conditioning purposes.
Other investments
*AusNet Services – Through its wholly owned subsidiary Singapore Power International Pte Ltd, SP Group owns a 31.1% stake in
AusNet Services
AusNet Services (previously SP AusNet) is an Australian energy delivery services business, owning and operating more than $11 billion of electricity and gas network assets. It is a privately held, and was formerly listed on the Australian Securi ...
. AusNet Services's assets include electricity transmission and distribution networks, and gas distribution assets in Victoria, Australia. AusNet Services is listed on the
Australian Securities Exchange
Australian Securities Exchange Ltd or ASX, is an Australian public company that operates Australia's primary securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or confused within Australia a ...
(ASX) and the
Singapore Exchange
The Singapore Exchange Limited (SGX) is a Singaporean investment holding company that provides different services related to securities and derivatives trading and others. SGX is also a member of the World Federation of Exchanges and the Asian ...
(SGX).
*SPI Seosan Co-generation and Water Treatment – SP Group's investment in South Korea provides electricity, steam and water treatment services to Samsung Total Petrochemicals Co Ltd, one of the largest petrochemical companies in Korea.
*EverPower IPP – SP Group's investment in Taiwan comprises a 25% stake in Ever Power IPP Company, an independent power producer, which supplies electricity to Taiwan Power Company.
Incidents
Following the 2009
Black Saturday bushfires
The Black Saturday bushfires were a series of bushfires that either ignited or were already burning across the Australian state of Victoria on and around Saturday, 7 February 2009, and were among Australia's all-time worst bushfire disasters. ...
in Australia, over 600 victims signed a class action lawsuit against SPI Electricity Pty Ltd, the electricity distribution company of SP AusNet, an Australian energy company that was 51% owned by then Singapore Power. The lawsuit alleged negligence and breach of duty in the service and maintenance of powerlines controlled by them in the state of Victoria. In particular, the lawsuit alleged the power company negligently failed to fit a protective device on the power line, alleging that it contributed to it breaking and starting a bushfire in the Kilmore East area on 7 February 2009.
See also
*
Singapore Power Building
References
External links
*
SP AusNet Website
{{authority control
Energy companies of Singapore
Temasek Holdings
Energy companies established in 1995
Government-owned companies of Singapore
Singaporean brands