What YTL PowerSeraya does

YTL PowerSeraya Pte. Limited is a Singapore-based power generation and retail electricity company, founded in 1971 and operating as a wholly-owned subsidiary of Malaysian conglomerate YTL Corporation Berhad. The company generates and supplies electricity to more than 170,000 Singapore residential and commercial customers daily, operating under Singapore's Energy Market Authority regulatory framework with a regulated household tariff of 26.71 cents per kWh as of March 2026. Its core activities include bundled utilities services, tank management, and retail electricity distribution within a single-country domestic market.

The company's principal technology focus is a SGD 800 million, 600 MW hydrogen-ready combined-cycle gas turbine (CCGT) plant under construction on Jurong Island, expected to commence commercial operations between late 2027 and 2028. The project incorporates post-combustion carbon capture technology being co-developed with GE Vernova, targeting capture of at least 90% of CO2 emissions. The feasibility study is co-funded by Singapore's Energy Market Authority under its 2025 grant call for carbon-capture and storage studies in the power sector, with the broader objective of supporting Singapore's net-zero emissions target by 2050.

YTL PowerSeraya funds its infrastructure investments primarily through capital markets and parent company backing, including a SGD 500 million transition loan secured in 2025 to finance the hydrogen-ready plant. Its revenue model is grounded in regulated and contracted electricity sales to residential and commercial consumers, serving a domestic Singapore market where approximately 95% of electricity is generated from imported natural gas. The company employs between 101 and 250 staff and distributes its services directly to end customers across Singapore.

Name

YTL PowerSeraya

Legal name

YTL PowerSeraya Pte. Limited

Website

https://ytlpowerseraya.com

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

101–250 employees

Short description

YTL PowerSeraya is a Singapore-based power generation and retail electricity company, founded in 1971 and a subsidiary of YTL Corporation Berhad, generating and supplying electricity to over 170,000 residential and commercial customers daily, and building a 600 MW hydrogen-ready CCGT plant on Jurong Island targeting 2027-2028 commercial operations.

Ownership category

akta.pro rank

Product category

Electricity Generation and Retail Utilities

NAICS

Fossil Fuel Electric Power Generation (221112), Electric Power Generation (22111), Electric Power Generation, Transmission and Distribution (2211)

SIC

Electric Services (4911)

akta.pro primary industry

Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI)

akta.pro secondary industry

Gas-Fired Power Plant O&M and Life-Extension/Repowering Services (EUACABAJ)

Keywords

• Power generation services
• Retail electricity
• Bundled utilities services
• Combined cycle gas turbines
• Carbon capture technology

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Supply Chain, Technology or R&D, Operations, Personnel

Revenue model

1. Power Generation and Retail: YTL PowerSeraya generates and sells electricity to residential and commercial customers in Singapore through bundled utilities services, tank management, and retail operations serving over 170,000 homes and businesses daily.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

YTL PowerSeraya generates and supplies electricity in Singapore, delivering power to more than 170,000 homes and businesses daily through three core activities: Bundled Utilities Services, Tank Management, and Retail electricity. The company is also developing a SGD 800 million, 600 MW hydrogen-ready combined-cycle gas turbine (CCGT) plant on Jurong Island with carbon capture capability, in partnership with GE Vernova and Singapore's Energy Market Authority.

Product overview

YTL PowerSeraya is a Singapore-based power generation company and subsidiary of YTL Corporation Berhad, operating since 1971. The company offers bundled utilities services, tank management, and retail electricity services to over 170,000 homes and businesses. Its flagship infrastructure project is the 600 MW hydrogen-ready combined-cycle gas turbine (CCGT) plant on Jurong Island, which includes a carbon capture feasibility study with GE Vernova targeting 90% CO2 emissions capture.

Differentiator

Problem solved

Functional benefit

Products and services

• Bundled Utilities Services Integrated utilities services combining electricity supply with related utilities offerings for residential and commercial customers across Singapore.
• Tank Management Tank storage and management services, supporting fuel and industrial utility needs for commercial customers in Singapore.
• Retail Electricity Retail electricity supply to end consumers in Singapore under regulated tariffs (26.71 cents per kWh as of March 2026) and fixed-price contracts, billed monthly.

Quantifiable outcome

• 600 MW hydrogen-ready power capacity supporting Singapore's net-zero 2050 target
• +1 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature2 records

Partnerships

Three partnerships are on record, tiered core and flagship.

• GE VernovacoreStrategic or Co-development Partner · 27 October 2025GE Vernova and YTL PowerSeraya are collaborating on a post-combustion carbon capture feasibility study for the planned 600 MW hydrogen-ready combined-cycle gas turbine plant on Jurong Island, Singapore. The study evaluates carbon capture technologies capable of capturing up to 90% of CO2 emissions, with completion targeted before the plant's commercial operations by late 2027 through 2028.
• Singapore Energy Market Authority (EMA)coreStrategic or Co-development PartnerSingapore's Energy Market Authority is co-funding the carbon capture feasibility study under its 2025 grant call for carbon-capture and storage feasibility studies in the power sector. The EMA supports YTL PowerSeraya's hydrogen-ready power plant as part of Singapore's goal to achieve net-zero emissions by 2050.
• YTL Corporation BerhadflagshipStrategic or Co-development PartnerYTL PowerSeraya Pte. Limited is a subsidiary company of YTL Corporation Berhad, a major Malaysian conglomerate with diversified interests in utilities, cement, property, and communications sectors.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Sembcorp Industries: Sembcorp Industries is a Singapore-listed conglomerate with significant power generation and renewables operations in Singapore and Southeast Asia, including gas-fired generation. It is a broader incumbent competitor with overlapping decarbonization strategies in the Singapore market.
• SP Group: SP Group is the licensed market operator of Singapore's electricity transmission and distribution network, and a related-party counterparty for all generators including YTL PowerSeraya. It is the broader incumbent electricity infrastructure operator that connects YTL PowerSeraya's generation to end users.
• YTL Power International Berhad: YTL Power International is the Malaysian-listed power arm of YTL Corporation Berhad (YTL PowerSeraya's parent) and operates generation assets across Malaysia, Singapore, the UK, and other markets. It is a related party and broader power generation platform with overlapping technology and regulatory expertise.
• Engie: Engie is a global multi-utility player with significant gas-fired generation and an aggressive decarbonization roadmap targeting hydrogen and renewables. It is a comparable broader incumbent for benchmarking YTL PowerSeraya's hydrogen-ready CCGT strategy at a global level.
• Keppel Infrastructure: Keppel Infrastructure is a Singapore-based infrastructure and energy operator with power generation, district cooling, and renewables businesses. It competes in Singapore's power and utilities space with a broader portfolio than YTL PowerSeraya's focused CCGT-and-retail model.

Direct peers

• Senoko Energy: Senoko Energy is another of Singapore's three principal power generators, operating one of the country's largest gas-fired generation fleets. It is a direct competitor in Singapore's generation pool and retail electricity market, with comparable CCGT technology.
• Tuas Power: Tuas Power is one of the three main licensed power generation companies in Singapore, operating multi-fuel generation assets (gas, steam) and competing directly with YTL PowerSeraya in both the wholesale electricity market and the Open Electricity Market retail segment.
• PacificLight Energy: PacificLight Energy is a Singapore-based power generator and electricity retailer operating a CCGT plant on Jurong Island, the same location as YTL PowerSeraya's new hydrogen-ready facility, making it the closest geographic and technological peer.

Others

• GE Vernova: GE Vernova is YTL PowerSeraya's strategic technology partner for the carbon capture feasibility study and supplies gas turbine technology globally. It is an enabling technology and equipment partner rather than a competitor, central to the company's hydrogen-ready and carbon capture roadmap.
• Singapore LNG Corporation: Singapore LNG Corporation operates the country's sole LNG terminal, the gateway through which all of YTL PowerSeraya's natural gas supply is imported. It is a critical enabling infrastructure counterparty and ecosystem participant rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about YTL PowerSeraya