Senoko Energy reaches out to government for financial aid

Singapore

SINGAPORE power generation company Senoko Energy is seeking a loan and other support from the government amid the overcapacity in the local power market.

The company is asking for about S$100-S$200 million to cushion its weak financials, according to a Nikkei Asian Review report on Friday.

Senoko said in a statement to The Business Times that "the difficulties of the power generation sector in Singapore... are an industry-wide issue and not a company-specific issue…