SP Group is a

state-owned State ownership, also called public ownership or government ownership, is the ownership of an industry, asset, property, or enterprise by the national government of a country or state, or a public body representing a community, as opposed to ...

electricity and gas distribution company in

Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite islands and islets, and one outlying islet. It is about one degree ...

. SP Group is the corporatised entity of the former electricity and gas departments of the

Public Utilities Board PUB, Singapore's National Water Agency, commonly known as PUB, an acronym for Public Utilities Board, is a Statutory boards of the Singapore Government, statutory board under the Ministry of Sustainability and the Environment of the Government of ...

(PUB). 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, PUB. Through its subsidiaries, the company is the sole

electrical grid An electrical grid (or electricity network) is an interconnected network for electricity delivery from producers to consumers. Electrical grids consist of power stations, electrical substations to step voltage up or down, electric power tran ...

and gas grid operator in the country, and provides electricity and

gas Gas is a state of matter that has neither a fixed volume nor a fixed shape and is a compressible fluid. A ''pure gas'' is made up of individual atoms (e.g. a noble gas like neon) or molecules of either a single type of atom ( elements such as ...

transmission, distribution services, and market support services to more than a million households in the country. It also provides sustainable energy solutions such as district cooling and heating
electric vehicle (EV) charging network
solar energy solutions an
Green Energy Tech
solutions for utilities management in Singapore and the region.

History

PUB was initially located at

City Hall In local government, a city hall, town hall, civic centre (in the UK or Australia), guildhall, or municipal hall (in the Philippines) is the chief administrative building of a city, town, or other municipality. It usually houses the city o ...

. 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, Singapore, Central Area of Singapore. A famous tourist attraction, it is an upscale shopping area, with numerous internationally renowned de ...

, 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

operations were

corporatised Corporatization is the process of transforming and restructuring state assets, government agencies, public organizations, or municipal organizations into corporations. It involves the adoption and application of business management practices and ...

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 Temasek ( or , also spelt Temasik or Tumasik) is an early recorded name of a settlement on the site of modern Singapore. The name appears in early Malay and Javanese literature, and it is also recorded in Yuan and Ming Chinese documents ...

which in turn is wholly owned by the

Singapore government The government of Singapore is defined by the Constitution of the Republic of Singapore to consist of the President and the Executive. Executive authority of Singapore is vested in the President but exercised on the advice of the Cabinet le ...

. On 29 January 2007, PUB moved out of the building to join its parent ministry,

Ministry of the Environment and Water Resources The Ministry of Sustainability and the Environment (MSE; ; zh, 永续发展与环境部; ) is a ministry of the Government of Singapore responsible for the formulation and implementation of policies related to the environment, water and food ...

, at the Environment Building on

Scotts Road Scotts Road () is a road located in Central Area of Singapore Singapore, officially the Republic of Singapore, is an island country and city-state in Southeast Asia. The country's territory comprises one main island, 63 satellite is ...

. 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

Subsidiaries

*SP PowerGrid – Manages the nation’s electricity transmission and distribution networks through continuous monitoring. The Grid Digital Twin, a digital replica of Singapore’s future electricity grid, is currently being developed with the Energy Market Authority, to improve the reliability of Singapore’s electricity supply and support the deployment of cleaner energy sources. (as at 27 Oct 2021) *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 Services leverages its digital team to provide customers with self-help e-services through the SP app, enabling users to manage utilities accounts and perform transactions online. In 2021, PUB awarded SP Services to supply, install and manage smart water meters island wide. *SP Sustainable Energy Solutions – Provides sustainable solutions such as centralised cooling and heating, electric mobility, renewable energy certificates, urban micro-grid and rooftop solar energy for commercial and residential customers. It owns and operates the world’s largest underground district cooling network at Marina Bay, producing chilled water to provide air-conditioning to buildings in the Marina Bay district. The company collaborated with the Housing and Development Board (HDB) to deploy Singapore’s first residential centralised cooling system at Tengah housing estate. *SP Digital – The digital arm of SP Group has developed the SP app and Green Energy Tech solutions for customers to improve energy efficiency and reduce environmental footprint. The app enables users to monitor their energy consumption and access a suite of sustainability tips and features, including tools to track environmental impact, earn rewards for completing green tasks (GreenUP) and offset emissions by purchasing renewable energy certificates (My Green Credits). *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)

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 A district is a type of administrative division that in some countries is managed by the local government. Across the world, areas known as "districts" vary greatly in size, spanning regions or counties, several municipalities, subdivisions ...

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 owned a 31.1% stake in AusNet Services. AusNet Services's assets include electricity transmission and distribution networks, and gas distribution assets in Victoria, Australia. AusNet Services was listed on the

Australian Securities Exchange Australian Securities Exchange Ltd (ASX) is an Australian public company that operates Australia's primary Exchange (organized market), securities exchange, the Australian Securities Exchange (sometimes referred to outside of Australia as, or c ...

(ASX) and the

Singapore Exchange Singapore Exchange Limited (SGX Group) is a Singapore-based exchange conglomerate, operating Equity (finance), equity, fixed income, currency and commodity markets. It provides a range of listing, trading, clearing, settlement, depository and ...

(SGX). In 2022, the company was sold in its entirety to

Brookfield Asset Management Brookfield Asset Management Ltd. is a Canadian-American alternative asset manager. The company was founded in December 2022 as a spin-off of the asset management operations of Brookfield Corporation. At its inception, the company was headquarter ...

. *Jemena - The company currently owns 40% of

Jemena SGSP (Australia) Assets Pty Ltd (SGSPAA), trading as Jemena, is an Australian company that owns, manages or operates energy infrastructure assets in the eastern states of Australia including Queensland and New South Wales, and gas pipelines and ...

(a trading name of SGSP (Australia) Assets Pty Ltd) which owns gas and electricity assets and management services in Australia. Former AusNet partner

State Grid Corporation of China The State Grid Corporation of China (SGCC), commonly known as the State Grid, is a Chinese state-owned electric utility corporation. It is the largest utility company in the world. , State Grid is the world's third largest company overall by re ...

owns the remainder after selling it in 2014. *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. Saturday, 7 February 2009 was one of Australia's all-time worst bushfire disasters. The fires occurred ...

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.

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