Marubeni Corporation has increased its stake in Lion Power, thereby achieving equal ownership of Senoko Energy with Sembcorp, to enhance its management and operational influence in Singapore's power generation sector.

Information on the Target

Marubeni Corporation, a prominent Japanese general trading company, has recently increased its investment in Lion Power (2008) Pte. Ltd., the holding company of Senoko Energy Pte. Ltd. Senoko is a key player in Singapore's power generation sector, responsible for supplying approximately 20% of the nation's electricity with a registered generation capacity of around 2.6GW. Previously, Marubeni, in partnership with Kyushu Electric Power Company, Kansai Electric Power Company, and the Japan Bank for International Cooperation, held a 30% stake in Lion Power. With the recent acquisition of shares from its other Japanese partners, Marubeni now owns 50% of Lion Power and consequently shares equal ownership of Senoko with Sembcorp Utilities Pte Ltd.

Industry Overview in Singapore

Singapore's electricity market is characterized by a robust demand driven by economic growth and an increasing population. The nation's strategic governmental policies are also shaping the landscape by attracting sectors like semiconductor manufacturing and data centers, both of which have high electricity requirements. As a result, the continuity in electricity supply is crucial for these industries to thrive.

Senoko Energy plays an essential role in this framework, as its significant generation capacity positions it as a crucial supplier in meeting Singapore's energy needs. The company not only serves comm