Sembcorp Industries ( (SG:U96) ) just unveiled an update.
Sembcorp Utilities, a subsidiary of Sembcorp Industries, has partnered with Sarawak Energy Services and Prysmian to work on a hydropower import project. This collaboration aims to optimize the design and installation of a subsea interconnector cable to potentially import 1GW of green electricity from Sarawak to Singapore, pending regulatory approvals. The agreement is not expected to materially impact Sembcorp’s financials for the year ending December 31, 2025.
More about Sembcorp Industries
Sembcorp Industries is a leading energy and urban development company, focusing on providing sustainable solutions across its integrated energy and urban businesses. The company is involved in the development of renewable energy projects and has a significant presence in the energy sector.
YTD Price Performance: 15.22%
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $8.29B
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