Sembcorp sees growth overseas for utilities

Singapore

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 existing beachheads. Our presence in these markets gives us a greater knowledge of the market environment, enabling us to expand our presence and offerings there," said its CEO, Tang Kin Fei, in its latest annual report.