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Sembcorp sees growth overseas for utilities

CEO notes challenging market conditions in Singapore power market

OVERSEAS CONTRIBUTIONS: Utilities contributed 49 per cent to net profit last year. About half of this comes from overseas operations, said Mr Tang.


SEMBCORP Industries will look to overseas markets for growth in its utilities business, as conditions in the Singapore power market remain challenging.

"In particular, we focus on emerging growth markets within a 10-hour flight radius of Singapore in which we have