Sharanya Pillai

Agreement also stipulates that Sembcorp will be Aster Power’s sole gas supplier

It expects the country to add 6 GW in data centre capacity for AI inference over the next 5 years

Global logistics is in a volatile era but this has not derailed his focus on regional high-value trade

It is also optimistic on renewable power for data centres, transmission infrastructure

But there is also interest in ‘coal flexibility’ schemes, where coal plants complement renewable sources

Firms are expected to be prudent amid ongoing volatility, with lessons learnt from business failures in the 2021 crisis

High costs have held this energy source back, but more financing and new tech could unlock its feasibility

The company’s power business is also exploring the possibility of energy imports from Batam to the city-state

Growing up the son of a steel labourer taught him the value of hard work and dignity, which he applies to the business today

But coal is growing more dominant, accounting for nearly half of power generation in 2024