Singapore

MAINBOARD-LISTED utilities group Sembcorp Industries on Monday inked a 25-year power purchase agreement for a floating solar farm on Tengeh Reservoir, after winning the contract to design, build, own and run the project in February.

The latest deal between wholly owned Sembcorp Floating Solar Singapore and national water agency PUB is not expected to have a material impact on group earnings and net asset value for the year to Dec 31, 2020.