Search [20190110] Tamil Murasu - Charging Points for Electric Vehicleshttps://www.spgroup.com.sg/dam/jcr:13083dd3-5d8f-4798-b008-aff32ef063a1 ������� ���� ����� ������ �������� ���� ��� ��� �� ����� ���� ���� ������� ������, ���� ��� ���� ����� ���� �� (���) ��� ���� ���� ����. �� ������ ��� ��� ������ ���� 38 ����� ������ �� ������������. �����, 43 ���� ����� �� ����� ������ 19. ���� 50 ���� ��� �� �� ����� ������. ��� ����� ������ ��������� ���� ������������ ����� �� ������� ���� ������ ����� ����. ���� ������ ��� ����� ���������� 1,000 ����� ������� ���� ���������� 38 ������ �������� �������� ������. ��� ������ ���� ����� ��� ����. ���� ����� ���� ���� �� �� ������� ������ ��� ����. ���� ����� ����� ��������� ���� �� ��� ��� �� ��� ������. ��� ����� ������ ����� ����� ����� �� ����� ��������� ��� ������� ����� ������� ����. ���� ����������� ���� ��� ����� ������ ���. ������ ���� ���� ����� ������ ��� ���� ����� ��� ��� ���� ����. ��� ���� ������ ������� �������� ��� ���� ����� �������� ���� ���. �� ����� ���� �� ����� 45 ��� 60 ������ ����� ����, �� ����� ������ ���� ��� 30 ������ ����� ���� �� ���� ��. ���� �� ������ 350 ���� ����� �� Source: Tamil Murasu © Singapore Press Holdings Limited. Permission required for reproduction. ��� ������ ����� ����� ���������� �� �������. �������� ���� ���� 15 ���� ����� �� ������. �� ��� �� ������ ��� 41.4 ��, �� �� ������� 47.3 �� ��� ������ ����� �����. ����� ���������� ���, ���� ��� ��� ��� ������ �������, ���� ���� 50% �� ���� ���� ��� ��� ������. ���� ���� ����� ����� ��������� ��� ����� ������ ��� �� �� ����� ������ ��� �������. ��� �� ��� ������ ���� �� ���� ����� 20� ��� ����� ������� ��� ��� �������. Schneider Electric Partners SP to Fully Electrify Service Vehicleshttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Schneider-Electric-Partners-SP-To-Fully-Electrify-Service-Vehicles Media Release Schneider Electric Partners SP to Fully Electrify Service Vehicles Schneider Electric is the first corporate partner outside of the public transport sector to use SP Group’s nationwide EV charging network Singapore, 2 January 2020 – Schneider Electric (SE) and SP Group (SP) today announced a partnership to fully electrify SE’s service fleet in Singapore. The agreement enables SE’s service vehicles to access SP’s nationwide network of electric vehicle (EV) charging points. SP will fully support SE’s charging needs for at least the next two years. SE has a total service fleet size of 25. Its intent is to convert 10 of its vehicles into EVs by June 2020 and fully electrify its fleet by 2021. This decision was made possible with the partnership with SP. Damien Dhellemmes, Country President of Schneider Electric Singapore elaborates: “Going green is a deliberate decision. After greening our regional headquarters in Singapore, our next step is to electrify our fleet. This is only possible if we have an accessible and wide enough charging network so that our service vehicles can be green and still serve our customers efficiently. SP’s nationwide network gives us the impetus to make this decision.” SP had earlier signed partnerships with Grab and HDT Singapore Taxi (HDT) to support the charging needs of their EV fleets. SE is the first corporate partner outside of the public transport sector to be using SP’s nationwide EV charging network. This represents a growing trend of companies in Singapore electrifying their internal fleets to achieve environmental sustainability and cost savings. SP currently operates Singapore’s largest and fastest public EV charging network with more than 200 charging points across the island. It is targeting 1,000 EV charging points by end of 2020, of which 250 will be high-speed DC (direct current) chargers that can deliver a full charge in 30 minutes. Goh Chee Kiong, Head of Strategic Development, SP Group, said: “SP has built up deep capabilities in electric vehicle charging and usage over the years which we have harnessed for our nationwide public EV charging network. We are pleased to have Schneider Electric as our first corporate partner outside of the public transport sector and are confident this will provide a model for many other corporates to electrify their own fleet vehicles. SP’s pervasive EV charging network across Singapore will fully support their charging needs, providing drivers convenience and peace of mind.” About Schneider Electric At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values. About SP Group SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. About 1.6 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services.  These networks are amongst the most reliable and cost-effective world-wide. SP Group also provides digital solutions to empower customers to manage their utilities, reduce consumption and save cost. For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG and on Twitter @SPGroupSG. SP Group Partners Hyundai Motor Group to Accelerate Adoption of Electric Vehicles in Singaporehttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-Partners-Hyundai-Motor-Group-to-Accelerate-Adoption-of-Electric-Vehicles-in-Singapore News Release SP Group Partners Hyundai Motor Group to Accelerate Adoption of Electric Vehicles in Singapore First Battery-as-a-Service concept in Southeast Asia Singapore & Seoul, 12 November 2020 – SP Group (SP) and Hyundai Motor Group (Hyundai) today announced that they have signed a Business Cooperation Agreement (BCA) to accelerate the adoption of electric vehicles (EV) in Singapore. SP, which operates Singapore’s largest high-speed charging network, will partner with Hyundai to jointly develop a new business model for battery leasing, or Battery-as-a-Service (BaaS) – a first in Southeast Asia – where EV users lease the car battery instead of owning it. Stanley Huang, Group Chief Executive Officer, SP Group, said: “SP has the largest fast EV charging network in Singapore and we are progressively expanding it to establish a highly pervasive and reliable network in order to encourage EV adoption. Through this partnership with Hyundai, we are making low-carbon mobility solutions more accessible to vehicle owners. EVs are a key pillar in SP’s strategy to introduce more low-carbon, smart energy solutions to help achieve Singapore’s sustainability goals.” “For the success of innovation activities through the Hyundai Motor Group's Singapore Global Innovation Center (HMGICS), cooperation with competent local partners like SP Group is important,” said Hongbum Jung, Senior Vice President of Hyundai Motor Group. “We will strengthen cooperation with various local partners starting with this cooperation.” In October 2020, Hyundai announced the establishment of an open innovation base through a groundbreaking ceremony for the HMGICS. Hyundai will step up efforts to expand the supply of electric vehicles in Singapore in cooperation with SP, which is expanding its network of charging infrastructure. Meanwhile, Hyundai is working closely with local universities, startups, and research institutes to build an innovative ecosystem in Singapore, including Nanyang Technological University for industry-academic cooperation in smart city and future new business areas, and PSA Cargo Solutions for the establishment of automatic logistics services. -Ends- About SP Group SP Group is a leading utilities group in the Asia Pacific, enabling a low-carbon, smart energy future for its customers. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and sustainable energy solutions in Singapore and China. As Singapore’s national grid operator, about 1.6 million industrial, commercial and residential customers benefit from its world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. Beyond traditional utilities services, SP Group provides a suite of sustainable energy solutions such as cooling and heating systems for business districts and residential townships, electric vehicle fast charging and green digital energy management tools for customers in Singapore and the region. For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG, on LinkedIn at spgrp.sg/linkedin and on Twitter @SPGroupSG. About Hyundai Motor Group Hyundai Motor Group is a global corporation that has created a value chain based on automobiles, steel, and construction and includes logistics, finance, IT and service. With about 250,000 employees worldwide, the Group’s automobile brands include Hyundai Motor Co. and Kia Motors Corp and Genesis. Armed with creative thinking, cooperative communication and the will to take on all challenges, we are working to create a better future for all. More information about Hyundai Motor Group, please see: www.hyundaimotorgroup.com Disclaimer: Hyundai Motor Company believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader. [20170627] The Business Times - Electric vehicles drive change in grid operators and oil firmshttps://www.spgroup.com.sg/dam/jcr:4b74afb6-528d-4b14-932a-95f0189f8214 ally on hydrogen, biofuels, solar and ment production will continue to depend on hydrocarbons, he added. wind. The division has since expanded “You cannot make steel with electricity, or fly a plane or send a big con- to more than 200 staff, and hopes to invest about US$1 billion a year by tainer ship across the ocean on electricity. There isn't the energy density 2020; group CEO Ben van Beurden has said the business is expected to available.” 4 | TOPSTORIES The solar panels, but also take it into the distribution system and sell it to industrial and residential customers. “I think we will want to become value chain players. Whether we will invest equally in all parts of the value chain, I think it's too early to say,” he The third is its global presence. “The interesting bit about the new energies business is there are no global players in it; the people in this business tend to be local or sometimes regional, but certainly nobody global,” said Mr Wetselaar. for oil and gas to continue to receive investments as these will be “absolutely needed” to keep the world running for a long time. Furthermore, Shell is good and profitable in this business, he said. A lot of investments will also be Electric vehicles drive change in grid operators and oil firms CLEAN ENERGY the end of the decade is also just a starting point, he added. “We intend to make this a big business for Shell that over time can stand on its own feet, just like the oil business does, the downstream business does and the gas business does.” Business Times | Tuesday, June 27, 2017 Plausible energy mix in a net-zero emissions world By Andrea Soh ing for the day when there are so He cited as example: “Maybe work UK, last year launched a trial from Half the of perspective energy supply of balance...If will come gies through unit, is electricity, currently conducting research to explore the possibility of de- sandrea@sph.com.sg many electric vehicles the stability of someone with a life support system with Nissan allowing drivers to sell you lower (the threshold), it enables @AndreaSohBT up from current one fifth the grid could be affected. at home cannot afford not to have electricity stored in their electric car market operations. If you put it too veloping differentiated technologies Singapore “Today there are 600,000 cars in that power as opposed to you being batteries back to the grid during peak high, you are impeding 2015 market operations,” said Mr Wong. “Our motivation It has no ambitions in manufactur- in batteries. Net-zero emissions world Shell aims Singapore. to If all of them ride become electric vehicles, and they all start char- In such a situation, someone will UK think-tank Green Alliance es- is that the consumer must win ing batteries, but is 8% interested in learn- able to branding, charge the car.” hours. WANT to make a quick buck with your electric vehicle? In five to ten ging in Jurong, at some level Jurong have to segment power needs according to their criticality, and make a call closely-located vehicles charging sim- security.” charge batteries”, he said. “Because at timates that it could take as few as six without compromising reliability and ing “how can we Nuclear best and in a fast way years, you might just be able to do won’t be able to handle it. The rest of global that, by selling electricity from clout the the system will be in destabilised,” clean said on the allocation energy of power supply, he ultaneously race during periods of high For oil major 28% Shell, the future of the end of the day our business is delivering energy to customers and that 15% car battery to grid operator SP Group SP Group CEO Wong Kim Yin in an interview with The Business Times. This is why SP Group will need the Oil The delivery is our main business”. said. power demand for there to be possible shortages. Network operators keeping a close tab on. the transport Coal sector is one 31% 30% that it is Bioenergy Solar when power supply in Singapore runs It wants to be leader in the business and establish itself And among hydrocarbons, natural low. there said. are “It also depends reportedly a bit on planning the market to Anglo-Dutch group said earlier this The 9% group is also placing some of Emphasising that the group is not ability gas is by to far intervene the cleanest. in the “Natural market, gas install design technology because not that all allows countries cars have across That charging full value station chain you pull of into renewables, against the alternative to adoption of energies year that it is introducing battery charging points at some petrol stations in “I think it’s likely that the world will its bets on hydrogen-fuelled vehicles. electric such has an as important by notifying role to car play owners in meeting electricity an app demand that they while are not we decar- able be deregulated charged only power when markets. the network So you 11% Coal to do that may also very well be run vehicles, Mr Wong said SP Group will through can have cope, to when understand, electric geography vehicles be-bcome geography, more prevalent. what the opportunities France’s Total is studying Gas the viabdrogen Oilfor powering light Bioenergy 12% Britain and the Netherlands. 21% end up using 7% both batteries Wind and hy- By by Royal Andrea Dutch SohShell, a name more familiar today for its petrol stations. as become far as possible a significant allow growth the market priority to to bonise charge, the and energy to offer production to buy electricity grow at a it, much and a higher very important price instead, role or to are.” 10% and sandrea@sph.com.sg 9% run beyond as it 2020. is, unless The a unit certain is part threshold of a bigger breached. story of how the energy system to play control in delivering the charging the energy stations. that can- believes The it business will have of to manufacturing When such a time comes, SP Group ility of such a move, while Italy’s Eni vehicles...We’re Gasnot betting on a @AndreaSohBT As electric vehicles grow in popularity, it is not only carmakers Singapore and has At to that change point from – which where Mr it is Wong today not Grid be electrified.” operators all across the world threshold solar panels that – strikes which Shell the right had previ- balmestic Nuclear and central European stations. at all of them,” said Mr Wetselaar. is Other establish a already has 5% such facilities at some do- single outcome – we want to be good ROYAL transport Dutch groups Shell that aims are to be affected. a leader reckoned to where it could needs come to be in future, five to said 10 are finding In the one that year they since have its to formation, rapidly ance ously between dabbled allowing – is market however operations area to that run, the so company as to maximise will not value enter. ber Maarten WindWetselaar Solar Other told BT in a re- becomes AND STORAGE more prevalent will depend one FOSSIL Shell 0.5% executive 0.5% committee 3% mem- WITH Ultimately, CARBON CAPTURE whichever technology in Among clean energy those who and sees find an themselves opportunity having using to adapt its global their presence businesses and are estervene, As the possibly world’s by population not allowing contin- elec- cope It with has, unexpected firstly, been surges working de- to for the “Whether consumer, it comes against to the solar need panels to cent interview: “I could certainly see a on customers’ choice and regulators’ years Mr Wetselaar. – the group will then need to in- change the New their Energies businesses unit has in been order busy. to tablished electricity brand grid operators scale and up the oil companies. business quickly as and critical pand. Meanwhile, users can the access current the power energy vehicles technology proliferate. and the markets The National in the sec- grid. cing those is probably best in the become over major the course chargers of this century of cars.” whatever the customer wants, he ad- new tric ues vehicles to grow, to energy charge demand so that will more exmand deepen for its understanding electricity as of electric both the ensure or batteries reliability or other and security things, in produ- the business Note: For over a world time with where widespread we could prosperity, decision, the energy system and will Shell double will offer energies when. In Singapore, SP Group is prepar- supply. system also needs to be overhauled Grid, tor. “Before which operates we decide the where power to net- play, hands “We think of low-cost of the producing future stability companies and countries. The group, through its New Enerded. Source: Shell The second largest-publicly to reduce its carbon footprint. which part of the business and which traded oil company the world also “So the real challenge is to grow geographies, you need to deepen “So we're more system integrators “With the presence we have across needed on the new energies front, Source: plans on establishing The Business itself across Times the © the Singapore energy supply Press and at Holdings the same Limited. your understanding,” Permission said Mr required Wetselaar. transform Most law firms likely to renew leases and take capacity in the transmission where for reproduction. we would invest in a wind farm full SP value Group chain of renewables poised and alternative energies as it has done for cleaner...In order to get there, our It has also won a bid to build an off- system. And then delivering the all major economies, with the relation- size of the new energies business is time to reorganise it to become a lot the world in so many countries and in but “I’m not yet convinced that the energy to customers, and building a ships we have with governments, best measured by the capital emcore hypothesis is that we will need shore windfarm in Netherlands, and di- [20190110] Berita Harian - SP Group Launches 38 Charging Points for Electric Vehicleshttps://www.spgroup.com.sg/dam/jcr:f278505f-b7f6-4258-8ebc-776e2a445a3c Berita Harian | Khamis, 10 Januari 2019 Berita SP Group lancar 38 tempat pengecas kenderaan elektrik MENGECAS KENDERAAN ELEKTRIK: Syarikat pembekal tenaga SP Group telah melancarkan kumpulan pertama tempat mengecas kenderaan elektrik. – Foto SPH SYARIKAT pembekal tenaga SP Group telah melancarkan kumpulan pertama tempat mengecas kenderaan elektrik. Langkah itu bertepatan dengan langkah syarikat pengangkutan sewa swasta, Grab, memanfaatkan kemudahan tersebut untuk mengecas kereta-kereta elektriknya. Kesemua 38 tempat pengecasan – 19 alat pengecas yang mempunyai arus berubah arah (AC) sebanyak 43 kilowatt dan 19 alat pengecas 50 kilowatt langsung (DC) – merupakan pengecas berkelajuan tinggi yang mampu menambah kuasa pada kereta elektrik bersaiz sederhana dalam masa sejam, berbanding enam hingga lapan jam menggunakan pengecas dalam rumah. Dalam kenyataannya, SP berkata tempat pengecasan itu terletak di lapan lokasi serata Singapura, berhampiran dengan pusat makanan, agar pemandu boleh berehat ketika kereta mereka sedang dicas. Tempat pengecasan tersebut adalah yang pertama daripada 1,000 tempat pengecasan yang SP ingin lancarkan menjelang 2020. Pengguna boleh mencari dan mengakses tempat mengecas yang disediakan melalui aplikasi SP. Ia boleh dimuat turun di iTunes App Store dan Google Play. Aplikasi tersebut turut mempunyai fungsi yang memaklumkan pengguna apabila pengecasan selesai. Ia juga membolehkan pengguna membuat pembayaran menerusi kad DBS dan POSB. Kad dari semua bank utama akan disertakan tidak lama lagi, kata SP. Sistem AC dapat mengecas kereta bersaiz sederhana dalam masa 45 hingga 60 minit, manakala pengecas DC dapat melakukannya dalam masa sekitar setengah jam. SP berkata ia merancang mahu memperkenalkan pengecas berkuasa 350 kilowatt “dalam beberapa tahun mendatang”. Pengecas tersebut dapat mengecas kereta berprestasi tinggi dalam kira-kira 15 minit. Ketika ini, pengguna perlu membayar 41.4 sen bagi setiap kilowatt jika mereka menggunakan pengecas AC dan 47.3 sen setiap kilowatt bagi pengecas DC. Mengikut kadar ini, SP berkata pemandu kereta elektrik boleh menjimat sekurang-kurangnya 50 peratus berbanding mereka yang memandu model setanding yang menggunakan petrol. Namun, akhbar The Straits Times difahamkan bahawa Grab akan memberi diskaun kepada para pemandu elektriknya. Syarikat tersebut dijangka menerima 20 kereta Hyundai Kona Electric bulan ini. Kereta ini – yang boleh memandu sejauh 400 kilometer jika dicas sehingga penuh – adalah sebahagian daripada 200 kereta yang telah dipesan Grab. Ogos lalu, syarikat pengangkutan itu telah membuat pengumuman bahawa ia bakal memperkenalkan kereta tersebut sebagai sebahagian daripada perkongsian dengan SP Group. Ketua Pegawai Eksekutif (CEO) Kumpulan SP, Encik Wong Kim Yin, berkata rangkaian pengecasan SP akan “menggalak penggunaan mobiliti hijau yang lebih meluas di Singapura, dan membolehkan pemandu untuk berjimat”. Source: Berita Harian © Singapore Press Holdings Limited. Permission required for reproduction. [20200102] Joint Media Release - Schneider Electric Partners SP To Fully Electrify Service Vehicleshttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/d043785c-3726-4511-abcd-740361a5a138/%5B20200102%5D+Joint+Media+Release+-+Schneider+Electric+Partners+SP+To+Fully+Electrify+Service+Vehicles.pdf?MOD=AJPERES&CVID= SCHNEIDER ELECTRIC PARTNERS SP GROUP TO FULLY ELECTRIFY SERVICE VEHICLES IN SINGAPORE Schneider Electric is the first corporate partner outside of the public transport sector to use SP Group’s nationwide EV charging network Singapore, 2 January 2020 – Schneider Electric (SE) and SP Group (SP) today announced a partnership to fully electrify SE’s service fleet in Singapore. The agreement enables SE’s service vehicles to access SP’s nationwide network of electric vehicle (EV) charging points. SP will fully support SE’s charging needs for at least the next two years. SE has a total service fleet size of 25. Its intent is to convert 10 of its vehicles into EVs by June 2020 and fully electrify its fleet by 2021. This decision was made possible with the partnership with SP. Damien Dhellemmes, Country President of Schneider Electric Singapore elaborates: “Going green is a deliberate decision. After greening our regional headquarters in Singapore, our next step is to electrify our fleet. This is only possible if we have an accessible and wide enough charging network so that our service vehicles can be green and still serve our customers efficiently. SP’s nationwide network gives us the impetus to make this decision.” SP had earlier signed partnerships with Grab and HDT Singapore Taxi (HDT) to support the charging needs of their EV fleets. SE is the first corporate partner outside of the public transport sector to be using SP’s nationwide EV charging network. This represents a growing trend of companies in Singapore electrifying their internal fleets to achieve environmental sustainability and cost savings. SP currently operates Singapore’s largest and fastest public EV charging network with more than 200 charging points across the island. It is targeting 1,000 EV charging points by end of 2020, of which 250 will be high-speed DC (direct current) chargers that can deliver a full charge in 30 minutes. 1 Goh Chee Kiong, Head of Strategic Development, SP Group, said: “SP has built up deep capabilities in electric vehicle charging and usage over the years which we have harnessed for our nationwide public EV charging network. We are pleased to have Schneider Electric as our first corporate partner outside of the public transport sector and are confident this will provide a model for many other corporates to electrify their own fleet vehicles. SP’s pervasive EV charging network across Singapore will fully support their charging needs, providing drivers convenience and peace of mind.” - Ends - 2 About Schneider Electric At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values. About SP Group SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. About 1.6 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. SP Group also provides digital solutions to empower customers to manage their utilities, reduce consumption and save cost. For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG and on Twitter @SPGroupSG. 3 [20180620] The Business Times - SP Group calls for tenders to build charging grid for electric vehicleshttps://www.spgroup.com.sg/dam/jcr:8b96067e-3926-464b-a17b-c407dfaa3cd2 SP Group calls for tenders to build charging grid for electric vehicles 30 charging points to be up in six months, and 500 by 2020. Charging small car to take as little as 30 minutes By Leow Ju-Len btnews@sph.com.sg Singapore DRIVE your electric vehicle (EV) to the mall and leave with a fully-charged battery in the time it takes to grab a leisurely coffee. This is one premise behind SP Group’s intention to build the largest public EV charging network in Singapore by the end of the year. On Tuesday, the nation’s power grid operator announced that it will install 30 charging points across the island within the next six months, under a larger plan to set up 500 points by 2020. These points will be installed in shopping malls, residential areas, business parks and industrial sites. All of them will be available to any EV driver. SP Group chief executive Wong Kim Yin said the move was a logical one for the utilities company to make. “As the national grid operator, we are in a natural position to look after this because our electricity network is already pervasive. Wherever you want to charge EVs, the nearest infrastructure would most likely be from us,” he said. SP Group has called for two tenders to build the network: one for the supply of charging hardware and the other, for their installation at the charging points. More than 100 of the new chargers The charging points (above) will be in public-friendly points. A car being charged (right). SP Group’s grid is expected to raise demand for EVs. BT PHOTOS: KEVIN LIM will be direct-current (DC) fast chargers that operate at 50 kilowatts (kW) – enough to fully charge a small EV in as little as 30 minutes. The rest will be alternating current (AC) chargers that operate at 22kW. These are slower than DC chargers, but still roughly three times faster than the home chargers that EV owners typically install. Mr Wong would not disclose the amount that SP Group will invest in the network. A source from Komoco Motors, which imports the Hyundai Ioniq Electric here, told The Business Times that a single fast DC charger can cost as much as S$65,000 with installation. In contrast, a slower AC charger retails for just over S$5,000 here. The exact locations of the first 30 charging points are being determined, but the grid operator is inviting the public to suggest sites. Pricing has also yet to be finalised, but Goh Chee Kiong, the head of strategic development for SP Group, said there would likely be a tiered pricing system between DC and AC charging. “The investment in DC charging is substantially higher, because we are dealing with higher power ratings,” he said. He added that charging an EV nevertheless costs less than half of what it would cost to run a comparable petrol vehicle over the same distance. Going electric can also halve carbon emissions and reduce noise pollution, he said. SP Group is developing a smartphone app that will help EV drivers locate available charging points and pay for their electricity. As a power distributor, SP Group is unlikely to sell the juice to EV drivers directly. Instead, it will probably collect a tariff for the energy while building owners where the charging points are installed will be paid for the power supplied to them. EV retailers reacted positively to the announcement. Kevin Teng, the managing director of Wearnes (Renault), said: “This is extremely promising for the EV scene in Singapore, and could be a catalyst for widespread adoption of the quiet, environmentally friendly technology here.” In May, the company launched the Renault Zoe, a compact electric hatchback, and the Kangoo ZE, an electric panel van aimed at fleet operators. A spokesman for BMW Asia, which imports the BMW i3 EV and six Plug-in Hybrid Electric Vehicle models, also welcomed the move. Preeti Gupta, the director of corporate affairs for BMW Asia, said: “We believe electro-mobility is the future for Singapore and SP Group’s bold contribution puts us a step closer to making this a reality.” SP Group’s Mr Goh said the company hoped that the network would stimulate demand for EVs in Singapore. “The common grouse by many prospective EV buyers in Singapore is always, ‘Where are the charging points?’ We have done our homework and we believe there is a certain threshold that we need to cross in terms of being pervasive and also having higher (charging) speed.” [20210323] Lianhe Zaobao - 4 Caltex stations to set up fast charging points for electric vehicleshttps://www.spgroup.com.sg/dam/jcr:63e7286d-e4bc-4962-88e9-3006e005786c 四 加 德 士 油 站 将 设 电 动 车 快 速 充 电 设 备 四 个 加 德 士 油 站 最 迟 将 在 今 年 第 二 季 , 安 装 电 动 车 快 速 充 电 设 备 , 车 子 能 在 30 分 钟 内 充 满 电 上 路 。 新 加 坡 能 源 集 团 与 经 营 加 德 士 油 站 品 牌 的 雪 佛 龙 (Chevron) 昨 天 发 布 联 合 文 告 , 宣 布 将 在 忠 邦 、 樟 宜 、 裕 泉 和 杜 尼 安 (Dunearn) 四 个 加 德 士 油 站 , 装 置 电 动 车 快 速 充 电 设 备 , 为 驾 驶 电 动 车 者 提 供 更 大 便 利 。 其 中 , 三 个 油 站 各 设 有 一 个 50 千 瓦 (kW) 的 快 速 直 流 电 (direct current) 充 电 器 , 让 电 动 车 30 分 钟 内 充 满 电 。 樟 宜 加 德 士 油 站 则 设 有 两 个 50 千 瓦 的 快 速 充 电 设 备 , 如 果 同 一 时 间 只 有 一 辆 车 使 用 , 就 可 以 让 这 辆 车 以 100 千 瓦 的 速 度 , 更 快 充 满 电 。 相 较 于 常 见 的 低 压 交 流 电 (alternating current) 充 电 器 需 要 几 小 时 充 电 , 直 流 电 充 电 快 许 多 。 新 能 源 和 加 德 士 油 站 将 观 察 使 用 者 的 充 电 习 惯 , 以 改 善 充 电 设 备 的 便 利 性 , 提 高 使 用 率 , 并 为 拓 展 更 多 充 电 点 做 准 备 。 本 地 目 前 有 26 个 加 德 士 油 站 。 车 主 在 为 电 动 车 充 电 时 必 须 采 用 新 能 源 的 手 机 应 用 , 这 个 应 用 可 让 驾 车 者 寻 找 最 靠 近 的 充 电 点 、 实 时 更 新 充 电 情 况 , 以 及 无 现 金 支 付 充 电 费 。 蚬 壳 (Shell) 自 2019 年 起 已 在 旗 下 油 站 设 置 电 动 车 充 电 站 。 据 蚬 壳 网 站 显 示 , 它 目 前 在 全 国 有 18 个 油 站 可 为 电 动 车 充 电 。 为 鼓 励 更 多 人 使 用 洁 净 能 源 驱 动 的 汽 车 , 政 府 上 个 月 公 布 2021 财 政 年 预 算 案 声 明 时 宣 布 一 系 列 措 施 , 包 括 到 了 2030 年 在 全 国 设 立 6 万 个 电 动 车 充 电 站 , 比 原 本 的 2 万 8000 个 目 标 多 超 过 一 倍 。 [20201113] Straits Times - Higher rebates, surcharges to cut vehicle emissions from next yearhttps://www.spgroup.com.sg/dam/jcr:cdb796c3-b029-4dbe-a0c0-8a023522f3c5 Higher rebates, surcharges to cut vehicle emissions from next year Clement Yong Rebates on the purchase of cleaner cars will be increased by $5,000 from Jan 1 next year to Dec 31, 2022, under the Vehicular Emissions Scheme (VES). Cleaner taxis will have their rebates increased by $7,500 in the same time period, under the programme aimed at nudging motorists towards more environmentally friendly models of private transport. In the carrot-and-stick model, surcharges for more pollutive vehicles will also be increased – by $5,000 for cars and $7,500 for taxis. This will kick in on July 1 next year instead of at the start of the year to allow time for the market to adjust, and will be in effect until Dec 31, 2022, the National Environment Agency (NEA) and Land Transport Authority (LTA) said in a joint statement yesterday. The increased rebates and surcharges mean buyers of cleaner cars will be awarded with rebates of up to $25,000, up from the previous $20,000, while buyers of the most pollutive cars will be penalised by $25,000, also up from $20,000. The VES was introduced in 2018 to reduce carbon emissions on Singapore’s roads. It categorises vehicles based on emissions across five pollutants, with each category’s rebate or surcharge calibrated accordingly. NEA and LTA said the scheme has been effective in encouraging the purchase of cleaner car models, with the number of new cars that qualify for the cleanest two bands increasing by 60 per cent between the third quarter of 2018 and the first quarter of this year. The number of those in the most pollutive two bands has fallen by around 20 per cent in the same time period. Singapore University of Social Sciences associate professor of economics Walter Theseira said the VES rebates and surcharges could push motorists towards the adoption of cleaner cars in two ways. As motor car dealers usually quote a price inclusive of all taxes and certificate of entitlement bidding, a portion of the discounts usually goes to car buyers, while another could go to the dealers. This means that in addition to consumers getting a discount, the VES changes could also encourage car dealers to import cleaner models. Cleaner cars include the Hyundai Kona Electric, Renault Zoe and Toyota Prius Plus, while more pollutive cars are those like the Mitsubishi Outlander 2.0 CVT, Mazda CX-5 2.5 AT and Porsche Cayenne E3. The enhanced VES is also a boon for aspiring electric car buyers, whose car models often fall under the cleanest bands. Together with the early adoption incentive scheme for electric vehicle buyers announced by LTA in February – which offers rebates capped at $20,000 per vehicle – the increased rebates under the VES will allow for savings of up to $45,000 for each new fully electric car. However, Associate Professor Transport Minister Ong Ye Kung beside a BlueSG electric vehicle (EV). He said the authorities are reviewing the plan to increase the number of EV-charging points to see if commercial parties could be roped in. PHOTO: ONG YE KUNG/FACEBOOK Theseira noted that there are additional factors to consider with regard to electric vehicles. “The number of electric vehicle models is still very limited compared with that of internal combustion engines. Electric vehicles also require the owner to have available charging. I think until these two are solved, the VES change will have minimal effect,” he said. Transport Minister Ong Ye Kung said yesterday that industry watchers believe that costs for motorists choosing between electric vehicles and internal combustion engine vehicles will equalise by around 2025, or earlier. Electric models are now still generally more expensive, and there were only 1,125 electric cars on the road as at January. SP, Hyundai to boost usage of electric vehicles SP Group and Hyundai Motor Group signed an agreement yesterday to accelerate the adoption of electric vehicles in Singapore. The Temasek investment fund-owned group and the South Korean automotive manufacturer will work together on various initiatives, including the expansion of Singapore’s electric vehicle-charging infrastructure to make owning an electric car more convenient for motorists. They will also jointly develop a new business model for battery leasing, which will allow electric vehicle users to lease the car battery instead of owning it. It will be the first such exploration in South-east Asia. “SP and Hyundai aim to lower the initial cost of purchasing electric vehicles, enhance the accessibility of charging points and build an ecosystem of innovative solutions that can encourage the adoption of electric vehicles in Singapore,” the two groups said in a press statement. Mr Ong referred to Singapore’s electric vehicle-charging infrastructure, which has been cited as a potential bottleneck by industry watchers who believe the lack of chargers could stop Singapore’s electric dreams in its tracks. Singapore currently has 1,800 charging points and is planning to increase this to 28,000 by 2030. Mr Ong repeated what he said in SP’s group chief executive officer Stanley Huang said electric vehicles constitute a key pillar in SP’s strategy to help Singapore achieve its sustainability goals. Singapore aims for the last internal combustion engine car to be sold in 2030 and wants to phase out internal combustion engine vehicles by 2040. Hyundai Motor Group’s senior vice-president Jung Hong-bum said the group will continue to strengthen its cooperation with various local partners, beginning with this partnership with SP group. It is currently working closely with local universities such as Nanyang Technological University, start-ups and research institutes to create smart city solutions and brainstorm new future business areas. There are currently about 1,800 charging points in Singapore. The aim is to have more than 28,000 by 2030. Clement Yong Parliament last month – that the authorities are reviewing this plan to see if it could be made more ambitious by roping in commercial parties. “What is clear is that EVs (electric vehicles) will become a reality, but we need to embrace and promote it,” he said. clementy@sph.com.sg Searchhttps://www.spgroup.com.sg/search?tag=electric-vehicles Search [20190110] Tamil Murasu - Charging Points for Electric Vehicleshttps://www.spgroup.com.sg/dam/jcr:13083dd3-5d8f-4798-b008-aff32ef063a1 ������� ���� ����� ������ �������� ���� ��� ��� �� ����� ���� ���� ������� ������, ���� ��� ���� ����� ���� �� (���) ��� ���� ���� ����. �� ������ ��� ��� ������ ���� 38 ����� ������ �� ������������. �����, 43 ���� ����� �� ����� ������ 19. ���� 50 ���� ��� �� �� ����� ������. ��� ����� ������ ��������� ���� ������������ ����� �� ������� ���� ������ ����� ����. ���� ������ ��� ����� ���������� 1,000 ����� ������� ���� ���������� 38 ������ �������� �������� ������. ��� ������ ���� ����� ��� ����. ���� ����� ���� ���� �� �� ������� ������ ��� ����. ���� ����� ����� ��������� ���� �� ��� ��� �� ��� ������. ��� ����� ������ ����� ����� ����� �� ����� ��������� ��� ������� ����� ������� ����. ���� ����������� ���� ��� ����� ������ ���. ������ ���� ���� ����� ������ ��� ���� ����� ��� ��� ���� ����. ��� ���� ������ ������� �������� ��� ���� ����� �������� ���� ���. �� ����� ���� �� ����� 45 ��� 60 ������ ����� ����, �� ����� ������ ���� ��� 30 ������ ����� ���� �� ���� ��. ���� �� ������ 350 ���� ����� �� Source: Tamil Murasu © Singapore Press Holdings Limited. Permission required for reproduction. ��� ������ ����� ����� ���������� �� �������. �������� ���� ���� 15 ���� ����� �� ������. �� ��� �� ������ ��� 41.4 ��, �� �� ������� 47.3 �� ��� ������ ����� �����. ����� ���������� ���, ���� ��� ��� ��� ������ �������, ���� ���� 50% �� ���� ���� ��� ��� ������. ���� ���� ����� ����� ��������� ��� ����� ������ ��� �� �� ����� ������ ��� �������. ��� �� ��� ������ ���� �� ���� ����� 20� ��� ����� ������� ��� ��� �������. Schneider Electric Partners SP to Fully Electrify Service Vehicleshttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Schneider-Electric-Partners-SP-To-Fully-Electrify-Service-Vehicles Media Release Schneider Electric Partners SP to Fully Electrify Service Vehicles Schneider Electric is the first corporate partner outside of the public transport sector to use SP Group’s nationwide EV charging network Singapore, 2 January 2020 – Schneider Electric (SE) and SP Group (SP) today announced a partnership to fully electrify SE’s service fleet in Singapore. The agreement enables SE’s service vehicles to access SP’s nationwide network of electric vehicle (EV) charging points. SP will fully support SE’s charging needs for at least the next two years. SE has a total service fleet size of 25. Its intent is to convert 10 of its vehicles into EVs by June 2020 and fully electrify its fleet by 2021. This decision was made possible with the partnership with SP. Damien Dhellemmes, Country President of Schneider Electric Singapore elaborates: “Going green is a deliberate decision. After greening our regional headquarters in Singapore, our next step is to electrify our fleet. This is only possible if we have an accessible and wide enough charging network so that our service vehicles can be green and still serve our customers efficiently. SP’s nationwide network gives us the impetus to make this decision.” SP had earlier signed partnerships with Grab and HDT Singapore Taxi (HDT) to support the charging needs of their EV fleets. SE is the first corporate partner outside of the public transport sector to be using SP’s nationwide EV charging network. This represents a growing trend of companies in Singapore electrifying their internal fleets to achieve environmental sustainability and cost savings. SP currently operates Singapore’s largest and fastest public EV charging network with more than 200 charging points across the island. It is targeting 1,000 EV charging points by end of 2020, of which 250 will be high-speed DC (direct current) chargers that can deliver a full charge in 30 minutes. Goh Chee Kiong, Head of Strategic Development, SP Group, said: “SP has built up deep capabilities in electric vehicle charging and usage over the years which we have harnessed for our nationwide public EV charging network. We are pleased to have Schneider Electric as our first corporate partner outside of the public transport sector and are confident this will provide a model for many other corporates to electrify their own fleet vehicles. SP’s pervasive EV charging network across Singapore will fully support their charging needs, providing drivers convenience and peace of mind.” About Schneider Electric At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values. About SP Group SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. About 1.6 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services.  These networks are amongst the most reliable and cost-effective world-wide. SP Group also provides digital solutions to empower customers to manage their utilities, reduce consumption and save cost. For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG and on Twitter @SPGroupSG. SP Group Partners Hyundai Motor Group to Accelerate Adoption of Electric Vehicles in Singaporehttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-Partners-Hyundai-Motor-Group-to-Accelerate-Adoption-of-Electric-Vehicles-in-Singapore News Release SP Group Partners Hyundai Motor Group to Accelerate Adoption of Electric Vehicles in Singapore First Battery-as-a-Service concept in Southeast Asia Singapore & Seoul, 12 November 2020 – SP Group (SP) and Hyundai Motor Group (Hyundai) today announced that they have signed a Business Cooperation Agreement (BCA) to accelerate the adoption of electric vehicles (EV) in Singapore. SP, which operates Singapore’s largest high-speed charging network, will partner with Hyundai to jointly develop a new business model for battery leasing, or Battery-as-a-Service (BaaS) – a first in Southeast Asia – where EV users lease the car battery instead of owning it. Stanley Huang, Group Chief Executive Officer, SP Group, said: “SP has the largest fast EV charging network in Singapore and we are progressively expanding it to establish a highly pervasive and reliable network in order to encourage EV adoption. Through this partnership with Hyundai, we are making low-carbon mobility solutions more accessible to vehicle owners. EVs are a key pillar in SP’s strategy to introduce more low-carbon, smart energy solutions to help achieve Singapore’s sustainability goals.” “For the success of innovation activities through the Hyundai Motor Group's Singapore Global Innovation Center (HMGICS), cooperation with competent local partners like SP Group is important,” said Hongbum Jung, Senior Vice President of Hyundai Motor Group. “We will strengthen cooperation with various local partners starting with this cooperation.” In October 2020, Hyundai announced the establishment of an open innovation base through a groundbreaking ceremony for the HMGICS. Hyundai will step up efforts to expand the supply of electric vehicles in Singapore in cooperation with SP, which is expanding its network of charging infrastructure. Meanwhile, Hyundai is working closely with local universities, startups, and research institutes to build an innovative ecosystem in Singapore, including Nanyang Technological University for industry-academic cooperation in smart city and future new business areas, and PSA Cargo Solutions for the establishment of automatic logistics services. -Ends- About SP Group SP Group is a leading utilities group in the Asia Pacific, enabling a low-carbon, smart energy future for its customers. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and sustainable energy solutions in Singapore and China. As Singapore’s national grid operator, about 1.6 million industrial, commercial and residential customers benefit from its world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. Beyond traditional utilities services, SP Group provides a suite of sustainable energy solutions such as cooling and heating systems for business districts and residential townships, electric vehicle fast charging and green digital energy management tools for customers in Singapore and the region. For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG, on LinkedIn at spgrp.sg/linkedin and on Twitter @SPGroupSG. About Hyundai Motor Group Hyundai Motor Group is a global corporation that has created a value chain based on automobiles, steel, and construction and includes logistics, finance, IT and service. With about 250,000 employees worldwide, the Group’s automobile brands include Hyundai Motor Co. and Kia Motors Corp and Genesis. Armed with creative thinking, cooperative communication and the will to take on all challenges, we are working to create a better future for all. More information about Hyundai Motor Group, please see: www.hyundaimotorgroup.com Disclaimer: Hyundai Motor Company believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader. [20170627] The Business Times - Electric vehicles drive change in grid operators and oil firmshttps://www.spgroup.com.sg/dam/jcr:4b74afb6-528d-4b14-932a-95f0189f8214 ally on hydrogen, biofuels, solar and ment production will continue to depend on hydrocarbons, he added. wind. The division has since expanded “You cannot make steel with electricity, or fly a plane or send a big con- to more than 200 staff, and hopes to invest about US$1 billion a year by tainer ship across the ocean on electricity. There isn't the energy density 2020; group CEO Ben van Beurden has said the business is expected to available.” 4 | TOPSTORIES The solar panels, but also take it into the distribution system and sell it to industrial and residential customers. “I think we will want to become value chain players. Whether we will invest equally in all parts of the value chain, I think it's too early to say,” he The third is its global presence. “The interesting bit about the new energies business is there are no global players in it; the people in this business tend to be local or sometimes regional, but certainly nobody global,” said Mr Wetselaar. for oil and gas to continue to receive investments as these will be “absolutely needed” to keep the world running for a long time. Furthermore, Shell is good and profitable in this business, he said. A lot of investments will also be Electric vehicles drive change in grid operators and oil firms CLEAN ENERGY the end of the decade is also just a starting point, he added. “We intend to make this a big business for Shell that over time can stand on its own feet, just like the oil business does, the downstream business does and the gas business does.” Business Times | Tuesday, June 27, 2017 Plausible energy mix in a net-zero emissions world By Andrea Soh ing for the day when there are so He cited as example: “Maybe work UK, last year launched a trial from Half the of perspective energy supply of balance...If will come gies through unit, is electricity, currently conducting research to explore the possibility of de- sandrea@sph.com.sg many electric vehicles the stability of someone with a life support system with Nissan allowing drivers to sell you lower (the threshold), it enables @AndreaSohBT up from current one fifth the grid could be affected. at home cannot afford not to have electricity stored in their electric car market operations. If you put it too veloping differentiated technologies Singapore “Today there are 600,000 cars in that power as opposed to you being batteries back to the grid during peak high, you are impeding 2015 market operations,” said Mr Wong. “Our motivation It has no ambitions in manufactur- in batteries. Net-zero emissions world Shell aims Singapore. to If all of them ride become electric vehicles, and they all start char- In such a situation, someone will UK think-tank Green Alliance es- is that the consumer must win ing batteries, but is 8% interested in learn- able to branding, charge the car.” hours. WANT to make a quick buck with your electric vehicle? In five to ten ging in Jurong, at some level Jurong have to segment power needs according to their criticality, and make a call closely-located vehicles charging sim- security.” charge batteries”, he said. “Because at timates that it could take as few as six without compromising reliability and ing “how can we Nuclear best and in a fast way years, you might just be able to do won’t be able to handle it. The rest of global that, by selling electricity from clout the the system will be in destabilised,” clean said on the allocation energy of power supply, he ultaneously race during periods of high For oil major 28% Shell, the future of the end of the day our business is delivering energy to customers and that 15% car battery to grid operator SP Group SP Group CEO Wong Kim Yin in an interview with The Business Times. This is why SP Group will need the Oil The delivery is our main business”. said. power demand for there to be possible shortages. Network operators keeping a close tab on. the transport Coal sector is one 31% 30% that it is Bioenergy Solar when power supply in Singapore runs It wants to be leader in the business and establish itself And among hydrocarbons, natural low. there said. are “It also depends reportedly a bit on planning the market to Anglo-Dutch group said earlier this The 9% group is also placing some of Emphasising that the group is not ability gas is by to far intervene the cleanest. in the “Natural market, gas install design technology because not that all allows countries cars have across That charging full value station chain you pull of into renewables, against the alternative to adoption of energies year that it is introducing battery charging points at some petrol stations in “I think it’s likely that the world will its bets on hydrogen-fuelled vehicles. electric such has an as important by notifying role to car play owners in meeting electricity an app demand that they while are not we decar- able be deregulated charged only power when markets. the network So you 11% Coal to do that may also very well be run vehicles, Mr Wong said SP Group will through can have cope, to when understand, electric geography vehicles be-bcome geography, more prevalent. what the opportunities France’s Total is studying Gas the viabdrogen Oilfor powering light Bioenergy 12% Britain and the Netherlands. 21% end up using 7% both batteries Wind and hy- By by Royal Andrea Dutch SohShell, a name more familiar today for its petrol stations. as become far as possible a significant allow growth the market priority to to bonise charge, the and energy to offer production to buy electricity grow at a it, much and a higher very important price instead, role or to are.” 10% and sandrea@sph.com.sg 9% run beyond as it 2020. is, unless The a unit certain is part threshold of a bigger breached. story of how the energy system to play control in delivering the charging the energy stations. that can- believes The it business will have of to manufacturing When such a time comes, SP Group ility of such a move, while Italy’s Eni vehicles...We’re Gasnot betting on a @AndreaSohBT As electric vehicles grow in popularity, it is not only carmakers Singapore and has At to that change point from – which where Mr it is Wong today not Grid be electrified.” operators all across the world threshold solar panels that – strikes which Shell the right had previ- balmestic Nuclear and central European stations. at all of them,” said Mr Wetselaar. is Other establish a already has 5% such facilities at some do- single outcome – we want to be good ROYAL transport Dutch groups Shell that aims are to be affected. a leader reckoned to where it could needs come to be in future, five to said 10 are finding In the one that year they since have its to formation, rapidly ance ously between dabbled allowing – is market however operations area to that run, the so company as to maximise will not value enter. ber Maarten WindWetselaar Solar Other told BT in a re- becomes AND STORAGE more prevalent will depend one FOSSIL Shell 0.5% executive 0.5% committee 3% mem- WITH Ultimately, CARBON CAPTURE whichever technology in Among clean energy those who and sees find an themselves opportunity having using to adapt its global their presence businesses and are estervene, As the possibly world’s by population not allowing contin- elec- cope It with has, unexpected firstly, been surges working de- to for the “Whether consumer, it comes against to the solar need panels to cent interview: “I could certainly see a on customers’ choice and regulators’ years Mr Wetselaar. – the group will then need to in- change the New their Energies businesses unit has in been order busy. to tablished electricity brand grid operators scale and up the oil companies. business quickly as and critical pand. Meanwhile, users can the access current the power energy vehicles technology proliferate. and the markets The National in the sec- grid. cing those is probably best in the become over major the course chargers of this century of cars.” whatever the customer wants, he ad- new tric ues vehicles to grow, to energy charge demand so that will more exmand deepen for its understanding electricity as of electric both the ensure or batteries reliability or other and security things, in produ- the business Note: For over a world time with where widespread we could prosperity, decision, the energy system and will Shell double will offer energies when. In Singapore, SP Group is prepar- supply. system also needs to be overhauled Grid, tor. “Before which operates we decide the where power to net- play, hands “We think of low-cost of the producing future stability companies and countries. The group, through its New Enerded. Source: Shell The second largest-publicly to reduce its carbon footprint. which part of the business and which traded oil company the world also “So the real challenge is to grow geographies, you need to deepen “So we're more system integrators “With the presence we have across needed on the new energies front, Source: plans on establishing The Business itself across Times the © the Singapore energy supply Press and at Holdings the same Limited. your understanding,” Permission said Mr required Wetselaar. transform Most law firms likely to renew leases and take capacity in the transmission where for reproduction. we would invest in a wind farm full SP value Group chain of renewables poised and alternative energies as it has done for cleaner...In order to get there, our It has also won a bid to build an off- system. And then delivering the all major economies, with the relation- size of the new energies business is time to reorganise it to become a lot the world in so many countries and in but “I’m not yet convinced that the energy to customers, and building a ships we have with governments, best measured by the capital emcore hypothesis is that we will need shore windfarm in Netherlands, and di- [20190110] Berita Harian - SP Group Launches 38 Charging Points for Electric Vehicleshttps://www.spgroup.com.sg/dam/jcr:f278505f-b7f6-4258-8ebc-776e2a445a3c Berita Harian | Khamis, 10 Januari 2019 Berita SP Group lancar 38 tempat pengecas kenderaan elektrik MENGECAS KENDERAAN ELEKTRIK: Syarikat pembekal tenaga SP Group telah melancarkan kumpulan pertama tempat mengecas kenderaan elektrik. – Foto SPH SYARIKAT pembekal tenaga SP Group telah melancarkan kumpulan pertama tempat mengecas kenderaan elektrik. Langkah itu bertepatan dengan langkah syarikat pengangkutan sewa swasta, Grab, memanfaatkan kemudahan tersebut untuk mengecas kereta-kereta elektriknya. Kesemua 38 tempat pengecasan – 19 alat pengecas yang mempunyai arus berubah arah (AC) sebanyak 43 kilowatt dan 19 alat pengecas 50 kilowatt langsung (DC) – merupakan pengecas berkelajuan tinggi yang mampu menambah kuasa pada kereta elektrik bersaiz sederhana dalam masa sejam, berbanding enam hingga lapan jam menggunakan pengecas dalam rumah. Dalam kenyataannya, SP berkata tempat pengecasan itu terletak di lapan lokasi serata Singapura, berhampiran dengan pusat makanan, agar pemandu boleh berehat ketika kereta mereka sedang dicas. Tempat pengecasan tersebut adalah yang pertama daripada 1,000 tempat pengecasan yang SP ingin lancarkan menjelang 2020. Pengguna boleh mencari dan mengakses tempat mengecas yang disediakan melalui aplikasi SP. Ia boleh dimuat turun di iTunes App Store dan Google Play. Aplikasi tersebut turut mempunyai fungsi yang memaklumkan pengguna apabila pengecasan selesai. Ia juga membolehkan pengguna membuat pembayaran menerusi kad DBS dan POSB. Kad dari semua bank utama akan disertakan tidak lama lagi, kata SP. Sistem AC dapat mengecas kereta bersaiz sederhana dalam masa 45 hingga 60 minit, manakala pengecas DC dapat melakukannya dalam masa sekitar setengah jam. SP berkata ia merancang mahu memperkenalkan pengecas berkuasa 350 kilowatt “dalam beberapa tahun mendatang”. Pengecas tersebut dapat mengecas kereta berprestasi tinggi dalam kira-kira 15 minit. Ketika ini, pengguna perlu membayar 41.4 sen bagi setiap kilowatt jika mereka menggunakan pengecas AC dan 47.3 sen setiap kilowatt bagi pengecas DC. Mengikut kadar ini, SP berkata pemandu kereta elektrik boleh menjimat sekurang-kurangnya 50 peratus berbanding mereka yang memandu model setanding yang menggunakan petrol. Namun, akhbar The Straits Times difahamkan bahawa Grab akan memberi diskaun kepada para pemandu elektriknya. Syarikat tersebut dijangka menerima 20 kereta Hyundai Kona Electric bulan ini. Kereta ini – yang boleh memandu sejauh 400 kilometer jika dicas sehingga penuh – adalah sebahagian daripada 200 kereta yang telah dipesan Grab. Ogos lalu, syarikat pengangkutan itu telah membuat pengumuman bahawa ia bakal memperkenalkan kereta tersebut sebagai sebahagian daripada perkongsian dengan SP Group. Ketua Pegawai Eksekutif (CEO) Kumpulan SP, Encik Wong Kim Yin, berkata rangkaian pengecasan SP akan “menggalak penggunaan mobiliti hijau yang lebih meluas di Singapura, dan membolehkan pemandu untuk berjimat”. Source: Berita Harian © Singapore Press Holdings Limited. Permission required for reproduction. [20180620] The Business Times - SP Group calls for tenders to build charging grid for electric vehicleshttps://www.spgroup.com.sg/dam/jcr:8b96067e-3926-464b-a17b-c407dfaa3cd2 SP Group calls for tenders to build charging grid for electric vehicles 30 charging points to be up in six months, and 500 by 2020. Charging small car to take as little as 30 minutes By Leow Ju-Len btnews@sph.com.sg Singapore DRIVE your electric vehicle (EV) to the mall and leave with a fully-charged battery in the time it takes to grab a leisurely coffee. This is one premise behind SP Group’s intention to build the largest public EV charging network in Singapore by the end of the year. On Tuesday, the nation’s power grid operator announced that it will install 30 charging points across the island within the next six months, under a larger plan to set up 500 points by 2020. These points will be installed in shopping malls, residential areas, business parks and industrial sites. All of them will be available to any EV driver. SP Group chief executive Wong Kim Yin said the move was a logical one for the utilities company to make. “As the national grid operator, we are in a natural position to look after this because our electricity network is already pervasive. Wherever you want to charge EVs, the nearest infrastructure would most likely be from us,” he said. SP Group has called for two tenders to build the network: one for the supply of charging hardware and the other, for their installation at the charging points. More than 100 of the new chargers The charging points (above) will be in public-friendly points. A car being charged (right). SP Group’s grid is expected to raise demand for EVs. BT PHOTOS: KEVIN LIM will be direct-current (DC) fast chargers that operate at 50 kilowatts (kW) – enough to fully charge a small EV in as little as 30 minutes. The rest will be alternating current (AC) chargers that operate at 22kW. These are slower than DC chargers, but still roughly three times faster than the home chargers that EV owners typically install. Mr Wong would not disclose the amount that SP Group will invest in the network. A source from Komoco Motors, which imports the Hyundai Ioniq Electric here, told The Business Times that a single fast DC charger can cost as much as S$65,000 with installation. In contrast, a slower AC charger retails for just over S$5,000 here. The exact locations of the first 30 charging points are being determined, but the grid operator is inviting the public to suggest sites. Pricing has also yet to be finalised, but Goh Chee Kiong, the head of strategic development for SP Group, said there would likely be a tiered pricing system between DC and AC charging. “The investment in DC charging is substantially higher, because we are dealing with higher power ratings,” he said. He added that charging an EV nevertheless costs less than half of what it would cost to run a comparable petrol vehicle over the same distance. Going electric can also halve carbon emissions and reduce noise pollution, he said. SP Group is developing a smartphone app that will help EV drivers locate available charging points and pay for their electricity. As a power distributor, SP Group is unlikely to sell the juice to EV drivers directly. Instead, it will probably collect a tariff for the energy while building owners where the charging points are installed will be paid for the power supplied to them. EV retailers reacted positively to the announcement. Kevin Teng, the managing director of Wearnes (Renault), said: “This is extremely promising for the EV scene in Singapore, and could be a catalyst for widespread adoption of the quiet, environmentally friendly technology here.” In May, the company launched the Renault Zoe, a compact electric hatchback, and the Kangoo ZE, an electric panel van aimed at fleet operators. A spokesman for BMW Asia, which imports the BMW i3 EV and six Plug-in Hybrid Electric Vehicle models, also welcomed the move. Preeti Gupta, the director of corporate affairs for BMW Asia, said: “We believe electro-mobility is the future for Singapore and SP Group’s bold contribution puts us a step closer to making this a reality.” SP Group’s Mr Goh said the company hoped that the network would stimulate demand for EVs in Singapore. “The common grouse by many prospective EV buyers in Singapore is always, ‘Where are the charging points?’ We have done our homework and we believe there is a certain threshold that we need to cross in terms of being pervasive and also having higher (charging) speed.” [20200102] Joint Media Release - Schneider Electric Partners SP To Fully Electrify Service Vehicleshttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/d043785c-3726-4511-abcd-740361a5a138/%5B20200102%5D+Joint+Media+Release+-+Schneider+Electric+Partners+SP+To+Fully+Electrify+Service+Vehicles.pdf?MOD=AJPERES&CVID= SCHNEIDER ELECTRIC PARTNERS SP GROUP TO FULLY ELECTRIFY SERVICE VEHICLES IN SINGAPORE Schneider Electric is the first corporate partner outside of the public transport sector to use SP Group’s nationwide EV charging network Singapore, 2 January 2020 – Schneider Electric (SE) and SP Group (SP) today announced a partnership to fully electrify SE’s service fleet in Singapore. The agreement enables SE’s service vehicles to access SP’s nationwide network of electric vehicle (EV) charging points. SP will fully support SE’s charging needs for at least the next two years. SE has a total service fleet size of 25. Its intent is to convert 10 of its vehicles into EVs by June 2020 and fully electrify its fleet by 2021. This decision was made possible with the partnership with SP. Damien Dhellemmes, Country President of Schneider Electric Singapore elaborates: “Going green is a deliberate decision. After greening our regional headquarters in Singapore, our next step is to electrify our fleet. This is only possible if we have an accessible and wide enough charging network so that our service vehicles can be green and still serve our customers efficiently. SP’s nationwide network gives us the impetus to make this decision.” SP had earlier signed partnerships with Grab and HDT Singapore Taxi (HDT) to support the charging needs of their EV fleets. SE is the first corporate partner outside of the public transport sector to be using SP’s nationwide EV charging network. This represents a growing trend of companies in Singapore electrifying their internal fleets to achieve environmental sustainability and cost savings. SP currently operates Singapore’s largest and fastest public EV charging network with more than 200 charging points across the island. It is targeting 1,000 EV charging points by end of 2020, of which 250 will be high-speed DC (direct current) chargers that can deliver a full charge in 30 minutes. 1 Goh Chee Kiong, Head of Strategic Development, SP Group, said: “SP has built up deep capabilities in electric vehicle charging and usage over the years which we have harnessed for our nationwide public EV charging network. We are pleased to have Schneider Electric as our first corporate partner outside of the public transport sector and are confident this will provide a model for many other corporates to electrify their own fleet vehicles. SP’s pervasive EV charging network across Singapore will fully support their charging needs, providing drivers convenience and peace of mind.” - Ends - 2 About Schneider Electric At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values. About SP Group SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. About 1.6 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. SP Group also provides digital solutions to empower customers to manage their utilities, reduce consumption and save cost. For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG and on Twitter @SPGroupSG. 3 [20210323] Lianhe Zaobao - 4 Caltex stations to set up fast charging points for electric vehicleshttps://www.spgroup.com.sg/dam/jcr:63e7286d-e4bc-4962-88e9-3006e005786c 四 加 德 士 油 站 将 设 电 动 车 快 速 充 电 设 备 四 个 加 德 士 油 站 最 迟 将 在 今 年 第 二 季 , 安 装 电 动 车 快 速 充 电 设 备 , 车 子 能 在 30 分 钟 内 充 满 电 上 路 。 新 加 坡 能 源 集 团 与 经 营 加 德 士 油 站 品 牌 的 雪 佛 龙 (Chevron) 昨 天 发 布 联 合 文 告 , 宣 布 将 在 忠 邦 、 樟 宜 、 裕 泉 和 杜 尼 安 (Dunearn) 四 个 加 德 士 油 站 , 装 置 电 动 车 快 速 充 电 设 备 , 为 驾 驶 电 动 车 者 提 供 更 大 便 利 。 其 中 , 三 个 油 站 各 设 有 一 个 50 千 瓦 (kW) 的 快 速 直 流 电 (direct current) 充 电 器 , 让 电 动 车 30 分 钟 内 充 满 电 。 樟 宜 加 德 士 油 站 则 设 有 两 个 50 千 瓦 的 快 速 充 电 设 备 , 如 果 同 一 时 间 只 有 一 辆 车 使 用 , 就 可 以 让 这 辆 车 以 100 千 瓦 的 速 度 , 更 快 充 满 电 。 相 较 于 常 见 的 低 压 交 流 电 (alternating current) 充 电 器 需 要 几 小 时 充 电 , 直 流 电 充 电 快 许 多 。 新 能 源 和 加 德 士 油 站 将 观 察 使 用 者 的 充 电 习 惯 , 以 改 善 充 电 设 备 的 便 利 性 , 提 高 使 用 率 , 并 为 拓 展 更 多 充 电 点 做 准 备 。 本 地 目 前 有 26 个 加 德 士 油 站 。 车 主 在 为 电 动 车 充 电 时 必 须 采 用 新 能 源 的 手 机 应 用 , 这 个 应 用 可 让 驾 车 者 寻 找 最 靠 近 的 充 电 点 、 实 时 更 新 充 电 情 况 , 以 及 无 现 金 支 付 充 电 费 。 蚬 壳 (Shell) 自 2019 年 起 已 在 旗 下 油 站 设 置 电 动 车 充 电 站 。 据 蚬 壳 网 站 显 示 , 它 目 前 在 全 国 有 18 个 油 站 可 为 电 动 车 充 电 。 为 鼓 励 更 多 人 使 用 洁 净 能 源 驱 动 的 汽 车 , 政 府 上 个 月 公 布 2021 财 政 年 预 算 案 声 明 时 宣 布 一 系 列 措 施 , 包 括 到 了 2030 年 在 全 国 设 立 6 万 个 电 动 车 充 电 站 , 比 原 本 的 2 万 8000 个 目 标 多 超 过 一 倍 。 [20201113] Straits Times - Higher rebates, surcharges to cut vehicle emissions from next yearhttps://www.spgroup.com.sg/dam/jcr:cdb796c3-b029-4dbe-a0c0-8a023522f3c5 Higher rebates, surcharges to cut vehicle emissions from next year Clement Yong Rebates on the purchase of cleaner cars will be increased by $5,000 from Jan 1 next year to Dec 31, 2022, under the Vehicular Emissions Scheme (VES). Cleaner taxis will have their rebates increased by $7,500 in the same time period, under the programme aimed at nudging motorists towards more environmentally friendly models of private transport. In the carrot-and-stick model, surcharges for more pollutive vehicles will also be increased – by $5,000 for cars and $7,500 for taxis. This will kick in on July 1 next year instead of at the start of the year to allow time for the market to adjust, and will be in effect until Dec 31, 2022, the National Environment Agency (NEA) and Land Transport Authority (LTA) said in a joint statement yesterday. The increased rebates and surcharges mean buyers of cleaner cars will be awarded with rebates of up to $25,000, up from the previous $20,000, while buyers of the most pollutive cars will be penalised by $25,000, also up from $20,000. The VES was introduced in 2018 to reduce carbon emissions on Singapore’s roads. It categorises vehicles based on emissions across five pollutants, with each category’s rebate or surcharge calibrated accordingly. NEA and LTA said the scheme has been effective in encouraging the purchase of cleaner car models, with the number of new cars that qualify for the cleanest two bands increasing by 60 per cent between the third quarter of 2018 and the first quarter of this year. The number of those in the most pollutive two bands has fallen by around 20 per cent in the same time period. Singapore University of Social Sciences associate professor of economics Walter Theseira said the VES rebates and surcharges could push motorists towards the adoption of cleaner cars in two ways. As motor car dealers usually quote a price inclusive of all taxes and certificate of entitlement bidding, a portion of the discounts usually goes to car buyers, while another could go to the dealers. This means that in addition to consumers getting a discount, the VES changes could also encourage car dealers to import cleaner models. Cleaner cars include the Hyundai Kona Electric, Renault Zoe and Toyota Prius Plus, while more pollutive cars are those like the Mitsubishi Outlander 2.0 CVT, Mazda CX-5 2.5 AT and Porsche Cayenne E3. The enhanced VES is also a boon for aspiring electric car buyers, whose car models often fall under the cleanest bands. Together with the early adoption incentive scheme for electric vehicle buyers announced by LTA in February – which offers rebates capped at $20,000 per vehicle – the increased rebates under the VES will allow for savings of up to $45,000 for each new fully electric car. However, Associate Professor Transport Minister Ong Ye Kung beside a BlueSG electric vehicle (EV). He said the authorities are reviewing the plan to increase the number of EV-charging points to see if commercial parties could be roped in. PHOTO: ONG YE KUNG/FACEBOOK Theseira noted that there are additional factors to consider with regard to electric vehicles. “The number of electric vehicle models is still very limited compared with that of internal combustion engines. Electric vehicles also require the owner to have available charging. I think until these two are solved, the VES change will have minimal effect,” he said. Transport Minister Ong Ye Kung said yesterday that industry watchers believe that costs for motorists choosing between electric vehicles and internal combustion engine vehicles will equalise by around 2025, or earlier. Electric models are now still generally more expensive, and there were only 1,125 electric cars on the road as at January. SP, Hyundai to boost usage of electric vehicles SP Group and Hyundai Motor Group signed an agreement yesterday to accelerate the adoption of electric vehicles in Singapore. The Temasek investment fund-owned group and the South Korean automotive manufacturer will work together on various initiatives, including the expansion of Singapore’s electric vehicle-charging infrastructure to make owning an electric car more convenient for motorists. They will also jointly develop a new business model for battery leasing, which will allow electric vehicle users to lease the car battery instead of owning it. It will be the first such exploration in South-east Asia. “SP and Hyundai aim to lower the initial cost of purchasing electric vehicles, enhance the accessibility of charging points and build an ecosystem of innovative solutions that can encourage the adoption of electric vehicles in Singapore,” the two groups said in a press statement. Mr Ong referred to Singapore’s electric vehicle-charging infrastructure, which has been cited as a potential bottleneck by industry watchers who believe the lack of chargers could stop Singapore’s electric dreams in its tracks. Singapore currently has 1,800 charging points and is planning to increase this to 28,000 by 2030. Mr Ong repeated what he said in SP’s group chief executive officer Stanley Huang said electric vehicles constitute a key pillar in SP’s strategy to help Singapore achieve its sustainability goals. Singapore aims for the last internal combustion engine car to be sold in 2030 and wants to phase out internal combustion engine vehicles by 2040. Hyundai Motor Group’s senior vice-president Jung Hong-bum said the group will continue to strengthen its cooperation with various local partners, beginning with this partnership with SP group. It is currently working closely with local universities such as Nanyang Technological University, start-ups and research institutes to create smart city solutions and brainstorm new future business areas. There are currently about 1,800 charging points in Singapore. The aim is to have more than 28,000 by 2030. Clement Yong Parliament last month – that the authorities are reviewing this plan to see if it could be made more ambitious by roping in commercial parties. “What is clear is that EVs (electric vehicles) will become a reality, but we need to embrace and promote it,” he said. clementy@sph.com.sg [20180620] The Straits Times - SP Group to build 500 charging points for electric cars by 2020https://www.spgroup.com.sg/dam/jcr:9b6dd759-8cbe-4db7-bc1f-15b4e3108ef5 SP Group to build 500 charging points for electric cars by 2020 It says its network will be largest one fully accessible to public, with first 30 set up by year end Adrian Lim Transport Correspondent Energy utilities provider SP Group plans to build 500 charging points for electric vehicles islandwide by 2020. The points will be placed at housing estates, shopping malls, industrial sites and business parks, the firm announced yesterday. While others such as Greenlots, Red Dot Power and BlueSG are already in the market, SP Group said its network will be the largest one fully accessible to the public. More than 100 of the charging points will be of the direct current type with a 50 kilowatt power rating that can fully charge a vehicle in as little as 30 minutes. SP Group said there are fewer than five direct current charging points here now. Most points use alternating current, and a lower 7.4kw rating, which takes the car about seven times longer to be fully charged. An app will allow motorists to pay for charging electronically while also getting updates on the availability of charging points. Details on pricing will be disclosed closer to the end of the year, when SP Group sets up its first 30 charging points. These will be a mix of the alternating current and direct current types. There were 592 electric and plugin hybrid cars on the road here as at the end of last month, about 0.1 per cent of the total car population of 613,383. There are also 31 electricpowered goods and commercial vehicles. “There is a chicken-and-egg conundrum when it comes to electric vehicle adoption... Many prospective drivers are concerned about the lack of a pervasive charging network,” said Mr Goh Chee Kiong, head of strategic development at SP Group. He added that some have “range anxiety” – the fear that the electric vehicle will run out of battery in the middle of a journey. Owners tend to install their own GETTING MORE ON BOARD There is a chicken-and-egg conundrum when it comes to electric vehicle adoption... Many prospective drivers are concerned about the lack of a pervasive charging network. ’’ MR GOH CHEE KIONG, head of strategic development at SP Group. charging points if they live in landed properties or get their condominium management to have stations set up, said Mr Terence Siew, president of the Electric Vehicle Association of Singapore. There are 30 condos with charging points. There will be more public choices available down the road. Charging infrastructure specialist Greenlots operates 16 publicly accessible charging stations, with aims to lift that to 50 by the end of this year. Electricity retailer Red Dot Power announced a partnership in February with PlugIT, a Finnish charging technology specialist, to install at least 50 charging stations by the end of next year. BlueSG, which runs an electric vehicle-sharing programme, aims to build 2,000 charging points by 2020, and make 400 of them available to the public. While electric vehicles are generally more costly than a comparable combustion engine car, Mr Siew said this will change as battery prices drop over the next few years due to mass production and economies of scale. “Electric vehicles will be cost competitive with normal cars,” he added. Dr Sanjay Kuttan, programme director of Nanyang Technological University’s Energy Research Institute, said the SP Group’s initiative should help to spur the adoption of electric vehicles, but the charging points must be well distributed and accessible. While there will be a combined 1,000 public charging points by 2020 – which could support between 2,000 and 10,000 vehicles – there must also be “one common consolidated payment system, across all infrastructure” regardless of which firm owns the points, Dr Kuttan added. adrianl@sph.com.sg SP Group plans to place the charging points for electric vehicles in locations such as housing estates, shopping malls, industrial sites and business parks. ST PHOTO: KEVIN LIM SCAN TO WATCH How to charge an electric vehicle. http://str.sg/ ecar [20160927] The Straits Times - Singapore Power Plugs For Electric Service Fleethttps://www.spgroup.com.sg/dam/jcr:9c93f33a-97a8-42be-8401-0876ee353fd7 | TUESDAY, SEPTEMBER 27, 2016 | THE STRAITS TIMES | B1 MENTAL ILLNESS GROUP SEEKS TO END HIRING PRACTICE B2 GALAXY NOTE7 EXCHANGE UNITS ALSO FAULTY B4 MOK KIM WHANG JAIL, FINE FOR ST MARINE EXEC IN GRAFT SCANDAL B3 Singapore Power plugs for electric service fleet It plans to switch its fleet of 400 in biggest buy of battery-operated vehicles here Christopher Tan Senior Transport Correspondent ENHANCING LIVEABILITY With 15 per cent of Singapore’s carbon emissions coming from the transport sector, adopting greener modes of transport helps set us in our journey towards achieving a liveable and endearing home... ’’ SINGAPORE ENVIRONMENT COUNCIL CHAIRMAN ISABELLA LOH, on Singapore Power’s move to electric vehicles. The replacement begins with 31 Renault Kangoo Maxi ZE (above) vans to be delivered by year end. PHOTO: RENAULT National utility company Singapore Power is replacing an entire fleet of 400 service vehicles with electric vans, starting with 31 battery-powered Renault Kangoos to be delivered by year end. It is the biggest purchase of electric vehicles here. And unlike some electric fleets here, Singapore Power’s is not tax-exempt. The power giant has been a proponent of electric vehicles for about 20 years, and has included a small number of electric vehicles in its fleet in the past. This time, it is doing a full-scale roll-out, through its electricity distribution arm SP PowerGrid. A Singapore Power spokesman said: “SP PowerGrid plans to convert its entire fleet of service vans to electric vehicles. “While reducing our carbon footprint, we would develop capabilities in large-scale adoption of green technologies and solutions. This would better position Singapore Power to serve Singapore as we move towards a smarter and more sustainable urban lifestyle.” She said SP PowerGrid has a fleet of 400 vehicles. “We plan to bring in an initial 31 vehicles by end of this year,” she added. Singapore Power’s move is part of a growing, albeit delayed, momentum here to put more electric vehicles on the road. The island’s first all-electric taxi fleet will roll out early next month. Over the past decades, Singapore’s journey to go electric has been in fits and starts, given challenges such as higher upfront costs and a lack of charging stations. The vans will be the Renault Kangoo Maxi ZE (zero emission) – a longer version of the Kangoo. Singapore Power has ordered a mix of two-seater cargo vans and five-seater passenger vans. Each of them has an average open-market value (cost before taxes) of around $36,000, versus $22,000 for a diesel equivalent. According to Renault agent Wearnes Automotive, the passenger version is around $130,000 with a certificate of entitlement. The cargo version is $60,000 before COE. However, carbon rebates accorded to these greener vehicles will make them only 10 per cent to 15 per cent costlier than conventional equivalents. The Kangoo Maxi has a stated range of 170km. Singapore Environment Council chairman Isabella Loh called Singapore Power’s move “timely, commendable and encouraging”. “Electric cars use cleaner technologies and do not have tailpipes that emit pollutants, thus reducing carbon emissions and air pollution,” Ms Loh said. “With 15 per cent of Singapore’s carbon emissions coming from the transport sector, adopting greener modes of transport helps set us in our journey towards achieving a liveable and endearing home as envisioned in the Sustainable Singapore Blueprint 2015.” christan@sph.com.sg Source: The Straits Times © Singapore Press Holdings Limited. Permission required for reproduction. [20180620] The New Paper - Electric cars to get 500 charging points by 2020https://www.spgroup.com.sg/dam/jcr:d862933c-2776-4d36-8b45-9ff7fd89ba1c news Electric cars to get 500 charging points by 2020 SP Group to build Singapore’s largest public electric vehicle charging network ADRIAN LIM, TRANSPORT CORRESPONDENT Energy utilities provider SP Group plans to build 500 charging points for electric vehicles islandwide by 2020. The points will be placed at housing estates, shopping malls, industrial sites and business parks, the firm announced yesterday. While other companies such as Greenlots, Red Dot Power and BlueSG are already in the market, SP Group said its network will be the largest one fully accessible to the public. More than 100 of the charging points will be of the direct current type with a 50 kilowatt power rating that can fully charge a vehicle in as little as 30 minutes. SP Group said there are fewer than five direct current charging points here now. Most points use alternating current, and a lower 7.4kw rating, which takes the car about seven times longer to be fully charged. An app will allow motorists to pay for charging electronically while also getting updates on the availability of charging points. Details on pricing will be disclosed closer to the end of the year, when SP Group sets up its first 30 charging points. These will be a mix of the alternating current and direct current types. There were 592 electric and plug-in hybrid cars on the road here as at the end of last month, about 0.1 per cent of the total car population of 613,383. There are SP Group says its network will be fully accessible to the public. TNP PHOTO: KEVIN LIM also 31 electric-powered goods and commercial vehicles. “There is a chicken-and-egg conundrum when it comes to electric vehicle adoption... Many prospective drivers are concerned about the lack of a pervasive charging network,” said Mr Goh Chee Kiong, head of strategic development at SP Group. He added that some have “range anxiety” – the fear that the electric vehicle will run out of battery power in the middle of a journey. Owners tend to install their own charging points if they live in landed properties or get their condominium management to have stations set up, said Mr Terence Siew, president of the Electric Vehicle Association of Singapore. There are 30 condos with charging points. There will be more public choices available down the road. Charging infrastructure specialist Greenlots operates 16 publicly accessible charging stations, with aims to lift that to 50 by the end of this year. Electricity retailer Red Dot Power announced a partnership in February with PlugIT, a Finnish charging technology specialist, to install at least 50 charging stations by the end of next year. BlueSG, which runs an electric vehicle-sharing programme, aims to build 2,000 charging points by 2020, and make 400 of them available to the public. Electric vehicles generally cost more than comparable combustion engine cars, but Mr Siew said this will change as battery prices drop with mass production and economies of scale. “Electric vehicles will be cost competitive with normal cars,” he added. adrianl@sph.com.sg 1 2 3 4 5 ..... 56 [20180620] The Straits Times - SP Group to build 500 charging points for electric cars by 2020https://www.spgroup.com.sg/dam/jcr:9b6dd759-8cbe-4db7-bc1f-15b4e3108ef5 SP Group to build 500 charging points for electric cars by 2020 It says its network will be largest one fully accessible to public, with first 30 set up by year end Adrian Lim Transport Correspondent Energy utilities provider SP Group plans to build 500 charging points for electric vehicles islandwide by 2020. The points will be placed at housing estates, shopping malls, industrial sites and business parks, the firm announced yesterday. While others such as Greenlots, Red Dot Power and BlueSG are already in the market, SP Group said its network will be the largest one fully accessible to the public. More than 100 of the charging points will be of the direct current type with a 50 kilowatt power rating that can fully charge a vehicle in as little as 30 minutes. SP Group said there are fewer than five direct current charging points here now. Most points use alternating current, and a lower 7.4kw rating, which takes the car about seven times longer to be fully charged. An app will allow motorists to pay for charging electronically while also getting updates on the availability of charging points. Details on pricing will be disclosed closer to the end of the year, when SP Group sets up its first 30 charging points. These will be a mix of the alternating current and direct current types. There were 592 electric and plugin hybrid cars on the road here as at the end of last month, about 0.1 per cent of the total car population of 613,383. There are also 31 electricpowered goods and commercial vehicles. “There is a chicken-and-egg conundrum when it comes to electric vehicle adoption... Many prospective drivers are concerned about the lack of a pervasive charging network,” said Mr Goh Chee Kiong, head of strategic development at SP Group. He added that some have “range anxiety” – the fear that the electric vehicle will run out of battery in the middle of a journey. Owners tend to install their own GETTING MORE ON BOARD There is a chicken-and-egg conundrum when it comes to electric vehicle adoption... Many prospective drivers are concerned about the lack of a pervasive charging network. ’’ MR GOH CHEE KIONG, head of strategic development at SP Group. charging points if they live in landed properties or get their condominium management to have stations set up, said Mr Terence Siew, president of the Electric Vehicle Association of Singapore. There are 30 condos with charging points. There will be more public choices available down the road. Charging infrastructure specialist Greenlots operates 16 publicly accessible charging stations, with aims to lift that to 50 by the end of this year. Electricity retailer Red Dot Power announced a partnership in February with PlugIT, a Finnish charging technology specialist, to install at least 50 charging stations by the end of next year. BlueSG, which runs an electric vehicle-sharing programme, aims to build 2,000 charging points by 2020, and make 400 of them available to the public. While electric vehicles are generally more costly than a comparable combustion engine car, Mr Siew said this will change as battery prices drop over the next few years due to mass production and economies of scale. “Electric vehicles will be cost competitive with normal cars,” he added. Dr Sanjay Kuttan, programme director of Nanyang Technological University’s Energy Research Institute, said the SP Group’s initiative should help to spur the adoption of electric vehicles, but the charging points must be well distributed and accessible. While there will be a combined 1,000 public charging points by 2020 – which could support between 2,000 and 10,000 vehicles – there must also be “one common consolidated payment system, across all infrastructure” regardless of which firm owns the points, Dr Kuttan added. adrianl@sph.com.sg SP Group plans to place the charging points for electric vehicles in locations such as housing estates, shopping malls, industrial sites and business parks. ST PHOTO: KEVIN LIM SCAN TO WATCH How to charge an electric vehicle. http://str.sg/ ecar Searchhttps://www.spgroup.com.sg/search?tag=electric-vehicles Search [20190110] Tamil Murasu - Charging Points for Electric Vehicleshttps://www.spgroup.com.sg/dam/jcr:13083dd3-5d8f-4798-b008-aff32ef063a1 ������� ���� ����� ������ �������� ���� ��� ��� �� ����� ���� ���� ������� ������, ���� ��� ���� ����� ���� �� (���) ��� ���� ���� ����. �� ������ ��� ��� ������ ���� 38 ����� ������ �� ������������. �����, 43 ���� ����� �� ����� ������ 19. ���� 50 ���� ��� �� �� ����� ������. ��� ����� ������ ��������� ���� ������������ ����� �� ������� ���� ������ ����� ����. ���� ������ ��� ����� ���������� 1,000 ����� ������� ���� ���������� 38 ������ �������� �������� ������. ��� ������ ���� ����� ��� ����. ���� ����� ���� ���� �� �� ������� ������ ��� ����. ���� ����� ����� ��������� ���� �� ��� ��� �� ��� ������. ��� ����� ������ ����� ����� ����� �� ����� ��������� ��� ������� ����� ������� ����. ���� ����������� ���� ��� ����� ������ ���. ������ ���� ���� ����� ������ ��� ���� ����� ��� ��� ���� ����. ��� ���� ������ ������� �������� ��� ���� ����� �������� ���� ���. �� ����� ���� �� ����� 45 ��� 60 ������ ����� ����, �� ����� ������ ���� ��� 30 ������ ����� ���� �� ���� ��. ���� �� ������ 350 ���� ����� �� Source: Tamil Murasu © Singapore Press Holdings Limited. Permission required for reproduction. ��� ������ ����� ����� ���������� �� �������. �������� ���� ���� 15 ���� ����� �� ������. �� ��� �� ������ ��� 41.4 ��, �� �� ������� 47.3 �� ��� ������ ����� �����. ����� ���������� ���, ���� ��� ��� ��� ������ �������, ���� ���� 50% �� ���� ���� ��� ��� ������. ���� ���� ����� ����� ��������� ��� ����� ������ ��� �� �� ����� ������ ��� �������. ��� �� ��� ������ ���� �� ���� ����� 20� ��� ����� ������� ��� ��� �������. Schneider Electric Partners SP to Fully Electrify Service Vehicleshttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Schneider-Electric-Partners-SP-To-Fully-Electrify-Service-Vehicles Media Release Schneider Electric Partners SP to Fully Electrify Service Vehicles Schneider Electric is the first corporate partner outside of the public transport sector to use SP Group’s nationwide EV charging network Singapore, 2 January 2020 – Schneider Electric (SE) and SP Group (SP) today announced a partnership to fully electrify SE’s service fleet in Singapore. The agreement enables SE’s service vehicles to access SP’s nationwide network of electric vehicle (EV) charging points. SP will fully support SE’s charging needs for at least the next two years. SE has a total service fleet size of 25. Its intent is to convert 10 of its vehicles into EVs by June 2020 and fully electrify its fleet by 2021. This decision was made possible with the partnership with SP. Damien Dhellemmes, Country President of Schneider Electric Singapore elaborates: “Going green is a deliberate decision. After greening our regional headquarters in Singapore, our next step is to electrify our fleet. This is only possible if we have an accessible and wide enough charging network so that our service vehicles can be green and still serve our customers efficiently. SP’s nationwide network gives us the impetus to make this decision.” SP had earlier signed partnerships with Grab and HDT Singapore Taxi (HDT) to support the charging needs of their EV fleets. SE is the first corporate partner outside of the public transport sector to be using SP’s nationwide EV charging network. This represents a growing trend of companies in Singapore electrifying their internal fleets to achieve environmental sustainability and cost savings. SP currently operates Singapore’s largest and fastest public EV charging network with more than 200 charging points across the island. It is targeting 1,000 EV charging points by end of 2020, of which 250 will be high-speed DC (direct current) chargers that can deliver a full charge in 30 minutes. Goh Chee Kiong, Head of Strategic Development, SP Group, said: “SP has built up deep capabilities in electric vehicle charging and usage over the years which we have harnessed for our nationwide public EV charging network. We are pleased to have Schneider Electric as our first corporate partner outside of the public transport sector and are confident this will provide a model for many other corporates to electrify their own fleet vehicles. SP’s pervasive EV charging network across Singapore will fully support their charging needs, providing drivers convenience and peace of mind.” About Schneider Electric At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for ever

ANNUAL REPORT TABLE OF CONTENTS Singapore Power Limited and its subsidiaries Annual Report Year ended 31 March 2022 Table of Contents Directors’ statement 1 Independent Auditor’s Report Balance sheets 7 10 Income statements 11 Statements of comprehensive income 12 Statements of changes in equity 13 Consolidated statement of cash flows 16 Notes to the financial statements 18 1 Domicile and activities 18 2 Basis of preparation 18 2.1 Statement of compliance 18 2.2 Basis of measurement 18 2.3 Functional and presentation currency 18 2.4 Use of estimates and judgements 19 2.5 Changes in accounting policies 20 3 Significant accounting policies 21 3.1 Basis of consolidation 21 3.2 Foreign currencies 23 3.3 Property, plant and equipment 24 3.4 Intangible assets 25 3.5 Investment property under development 26 3.6 Financial instruments 27 3.7 Impairment 32 3.8 Inventories 34 3.9 Accrued revenue 34 3.10 Contract balances 34 3.11 Employee benefits 34 3.12 Provisions 35 3.13 Government grant 35 3.14 Deferred construction cost compensation 35 3.15 Deferred income 36 3.16 Regulatory deferral account (“RDA”) debit or credit balances 36 Singapore Power Limited and its subsidiaries Annual Report Year ended 31 March 2022 Table of Contents 3.17 Price regulation and licence 36 3.18 Revenue recognition 37 3.19 Leases 38 3.20 Finance income and costs 40 3.21 Tax expense 40 3.22 Segment reporting 41 3.23 New standards and interpretations not yet adopted 41 4 Property, plant and equipment 42 5 Right-of-use assets / Lease liabilities 44 6 Intangible assets 46 7 Investment property under development 48 8 Subsidiaries 48 9 Associates and joint ventures 50 10 Other non-current assets 54 11 Deferred taxation 56 12 Derivative assets and liabilities 58 13 Investments in debt and equity securities 64 14 Inventories 64 15 Trade and other receivables 65 15a Trade receivables 65 15b Other receivables, deposits and prepayments 67 15c Balances with subsidiaries, associate and joint venture (non-trade) 68 16 Cash and cash equivalents 68 17 Regulatory deferral accounts 69 18 Share capital 71 19 Reserves 71 20 Debt obligations 73 21 Other non-current liabilities 75 21a Deferred income 75 21b Deferred construction cost compensation 76 21c Provisions 76 22 Trade and other payables 77 22a Other payables and accruals 77 23 Revenue 78 Singapore Power Limited and its subsidiaries Annual Report Year ended 31 March 2022 Table of Contents 24 Other income 25 Finance income 26 Finance costs 27 Tax expense 28 Profit for the year 29 Related parties 30 Operating segments 31 Financial risk management 32 Fair values 33 Commitments 34 Dividends 79 79 80 81 82 83 84 87 97 100 101 Singapore Power Limited and its subsidiaries Directors’ statement Year ended 31 March 2022 1 Directors’ statement We are pleased to submit this annual report to the member of Singapore Power Limited (the “Company”) together with the audited financial statements for the financial year ended 31 March 2022. Opinion of the Directors In our opinion, (a) (b) the financial statements are drawn up so as to give a true and fair view of the financial position of the Company and its subsidiaries (the “Group”) as at 31 March 2022 and the financial performance, changes in equity and cash flows of the Group and of the financial performance and changes in equity of the Company for the year ended on that date in accordance with the provisions of the Companies Act 1967 (the “Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)”); and at the date of this statement, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they fall due. Directors The directors in office at the date of this statement are as follows: Tan Sri Mohd Hassan Marican Ms Leong Wai Leng Mr Ong Yew Huat Mr Timothy Chia Chee Ming Mr Ng Kwan Meng Ms Goh Swee Chen Mr Lee Kim Shin Prof Yaacob Bin Ibrahim (appointed on 1 September 2021) Mr Stanley Huang Tian Guan Directors’ interests According to the register kept by the Company for the purposes of Section 164 of the Act, particulars of interests of directors who held office at the end of the financial year (including those held by their spouses and infant children) in shares, debentures, warrants and share options in the Company and in related corporations are as follows: Singapore Power Limited and its subsidiaries Directors’ statement Year ended 31 March 2022 2 Name of director and related corporations in which interests (fully paid ordinary shares unless otherwise stated) are held Holdings at beginning of the year / date of appointment Holdings at end of the year Tan Sri Mohd Hassan Marican Singapore Airlines Limited - 3.13% Notes due 2026 CapitaLand Treasury Limited - 4.076% Notes due 20 September 2022 Sembcorp Marine Ltd # CapitaLand Integrated Commercial Trust – units Mapletree Commercial Trust – units S$250,000 USD200,000 – – – S$250,000 USD200,000 9,694,126 1 41,976 62,653 Ms Leong Wai Leng CapitaLand Limited CapitaLand Investment Limited CapitaLand Integrated Commercial Trust – units Mapletree Commercial Trust – units Mapletree Commercial Trust - 3.11% Notes due 24 August 2026 Mapletree Industrial Trust – units Mapletree Real Estate Advisors Pte. Ltd. – units - Great Cities Logistics (US) Trust - Great Cities Logistics (Europe) Trust - Mapletree Global Student Accommodation Pte Trust - USD – Class A units - GBP – Class B units 40,000 – 689,700 39,057 S$250,000 –* 40,000* 695,886* 39,057 S$250,000 450 500 371 371 371 371 1,685 1,685 1,685 1,685 Mapletree Treasury Services Limited - 3.58% Bonds due 2029 - 3.15% Notes due 3 September 2031 S$250,000 S$250,000 S$250,000 S$250,000 1 The shares are held in the name of Credit Suisse AG Singapore Singapore Power Limited and its subsidiaries Directors’ statement Year ended 31 March 2022 3 Name of director and related corporations in which interests (fully paid ordinary shares unless otherwise stated) are held Holdings at beginning of the year / date of appointment Holdings at end of the year Singapore Airlines Limited 9,800 9,800 Singapore Airlines Limited - Mandatory Convertible Bonds SIA MCBZ300608 - SIA MCBZ 2021 Singapore Airlines Limited - 3.145% Notes due 8 April 2021 - 3.16% Notes due 2023 Singapore Technologies Engineering Ltd Singapore Technologies Telemedia Pte Ltd - 4.05% Notes due 2 December 2025 - STT GDC 3.13% Bonds due 28 July 2028 Singapore Telecommunications Limited StarHub Limited Altrium Private Equity Fund I GP Limited - Interest as limited partner in the Altrium PE Fund I F&F L.P. Fund Altrium Private Equity Fund II GP Limited - Interest as limited partner in the Altrium PE Fund II F&F L.P. Fund Vertex Master Fund II (GP) Pte. Ltd. - Interest as limited partner in Vertex Master Fund II Ascendas Real Estate Investment Trust - 2.47% Notes due 10 August 2023 2 Astrea IV Pte. Ltd. - 4.35% Class-A1 Secured Bonds due 14 June 2028 - 6.75% Class-B Secured Bonds due 14 June 2028 Astrea V Pte. Ltd. - 3.85% Class-A1 Secured Bonds due 20 June 2029 - 4.50% Class-A2 Secured Bonds due 20 June 2029 17,000 – S$250,000 S$250,000 41,000 S$250,000 S$500,000 22,027 36,000 36,000 Commitment amount of USD500,000 – Commitment amount of USD500,000 S$250,000 S$336,000 USD200,000 S$214,000 USD200,000 17,000 20,482 – S$250,000 – S$250,000 S$500,000 22,027 Commitment amount of USD500,000 Commitment amount of USD1,000,000 Commitment amount of USD500,000 S$250,000 S$336,000 USD200,000 S$214,000 USD200,000 2 Held jointly with spouse. Singapore Power Limited and its subsidiaries Directors’ statement Year ended 31 March 2022 4 Name of director and related corporations in which interests (fully paid ordinary shares unless otherwise stated) are held Holdings at beginning of the year / date of appointment Holdings at end of the year Astrea VI Pte. Ltd. - 3.00% Class-A1 Secured Bonds due 18 March 2031 - 3.25% Class-A2 Secured Bonds due 18 March 2031 - 4.35% Class-B Secured Bonds due 18 March 2031 S$105,000 USD200,000 USD400,000 S$105,000 USD200,000 USD400,000 Fullerton Fund Management Company Ltd - Fullerton Optimised Alpha Fund Class A USD – units - Fullerton USD Income Fund Class A (SGD hedged) – – 5,000 S$500,000 Temasek Financial (IV) (Private) Limited - 1.8% 5-years T2026 S$ Temasek Bond – S$30,000 Mr Ong Yew Huat Sembcorp Marine Ltd # – 500,000 Mr Timothy Chia Chee Ming Singapore Telecommunications Limited Vertex Master Fund II (GP) Pte. Ltd. - Interest as limited partner in VMII Affiliates Fund LP Vertex Venture Holdings Ltd Commitment amount of USD250,000 2,070 2,070 Commitment amount of USD250,000 - 3.30% Notes due 2028 – S$250,000 Mr Ng Kwan Meng Singapore Telecommunications Limited Singapore Technologies Engineering Ltd Starhub Limited Mapletree North Asia Commercial Trust – units Sembcorp Marine Ltd # CapitaLand Integrated Commercial Trust – units CapitaLand Limited CapitaLand Investment Limited 85,350 25,000 6,000 22,000 – 153,184 61,000 – 85,350 5,000 6,000 – 1,720,000 162,618* –* 61,000* Singapore Power Limited and its subsidiaries Directors’ statement Year ended 31 March 2022 5 Name of director and related corporations in which interests (fully paid ordinary shares unless otherwise stated) are held Holdings at beginning of the year / date of appointment Holdings at end of the year Ms Goh Swee Chen CapitaLand Limited CapitaLand Investment Limited CapitaLand Integrated Commercial Trust – units Singapore Telecommunications Limited Singapore Airlines Limited Singapore Airlines Limited - Mandatory Convertible Bond SIA MCBZ300608 34,592 – – 5,000 18,550 3,835 –* 46,709* 7,224* 5,000 18,550 42,604 Mr Lee Kim Shin Singapore Telecommunications Limited Singapore Airlines Limited Singapore Airlines Limited - SIA MCBZ 2021 Ascott Residence Trust – units 190 19,800 – 4,644 190 26,000 41,382 4,644 Prof Yaacob Bin Ibrahim Ascendas India Trust – units Ascott Residence Trust – units Singapore Airlines Limited 100,000 26,208 5,000 100,000 26,208 5,000 # Related corporation with effect from 11 November 2021 * Scheme of arrangement by CapitaLand Limited (“CapitaLand”), pursuant to which every 1 CapitaLand Limited share was exchanged for 1 share in CapitaLand Investment Limited, 0.154672686 unit in CapitaLand Integrated Commercial Trust, and S$0.951 in cash. Singapore Power Limited and its subsidiaries Directors’ statement Year ended 31 March 2022 6 Except as disclosed in this statement, no director who held office at the end of the financial year had interests in shares, debentures, warrants or share options of the Company, or of related corporations, either at the beginning of the financial year, or at the end of the financial year. Neither at the end of, nor at any time during the financial year, was the Company a party to any arrangement whose objects are, or one of whose objects is, to enable the directors of the Company to acquire benefits by means of the acquisition of shares or debentures of the Company or any other body corporate. Share Options During the financial year, there were: (i) (ii) no options granted by the Company or its subsidiaries to any person to take up unissued shares in the Company; and no shares issued by virtue of any exercise of option to take up unissued shares of the Company or its subsidiaries. As at the end of the financial year, there were no unissued shares of the Company or its subsidiaries under option. On behalf of the Board of Directors TAN SRI MOHD HASSAN MARICAN Chairman MR STANLEY HUANG TIAN GUAN Director / Group Chief Executive Officer 2 June 2022 Singapore Power Limited and its subsidiaries Independent auditor’s report Year ended 31 March 2022 7 Independent Auditor’s Report to the Member of Singapore Power Limited Opinion Independent Auditor’s Report For the financial year ended 31 March 2022 Report on the Audit of the Financial Statements We have audited the accompanying financial statements of Singapore Power Limited (the “Company”) and its subsidiaries (the “Group”), which comprise the balance sheets of the Group and the Company as at 31 March 2022, the income statements, statements of comprehensive income, statements of changes in equity of the Group and the Company and statement of cash flows of the Group for the financial year then ended, and notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying consolidated financial statements of the Group, the balance sheet, income statement, statement of comprehensive income and statement of changes in equity of the Company are properly drawn up in accordance with the provisions of the Companies Act 1967 (the “Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)”) so as to give a true and fair view of the financial position of the Group and of the Company as at 31 March 2022 and of the financial performance, changes in equity of the Group and the Company and consolidated cash flows of the Group for the year ended on that date. Basis for Opinion We conducted our audit in accordance with Singapore Standards on Auditing (“SSAs”). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Group in accordance with the Accounting and Corporate Regulatory Authority (“ACRA”) Code of Professional Conduct and Ethics for Public Accountants and Accounting Entities (“ACRA Code”) together with the ethical requirements that are relevant to our audit of the financial statements in Singapore, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ACRA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Other Information Management is responsible for other information. The other information comprises the directors’ statement. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Singapore Power Limited and its subsidiaries Independent auditor’s report Year ended 31 March 2022 8 Responsibilities of Management and Directors for the Financial Statements Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the provisions of the Act and SFRS(I), and for devising and maintaining a system of internal accounting controls sufficient to provide a reasonable assurance that assets are safeguarded against loss from unauthorised use or disposition; and transactions are properly authorised and that they are recorded as necessary to permit the preparation of true and fair financial statements and to maintain accountability of assets. In preparing the financial statements, management is responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so. The directors’ responsibilities include overseeing the Group’s financial reporting process. Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with SSAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern. Singapore Power Limited and its subsidiaries Independent auditor’s report Year ended 31 March 2022 9 • Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Report on Other Legal and Regulatory Requirements In our opinion, the accounting and other records required by the Act to be kept by the Company and by those subsidiaries incorporated in Singapore of which we are the auditors have been properly kept in accordance with the provisions of the Act. Ernst & Young LLP Public Accountants and Chartered Accountants Singapore 2 June 2022 Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 10 Balance sheets As at 31 March 2022 Group Company Non-current assets Property, plant and equipment Intangible assets Investment property under development Subsidiaries Associates and joint ventures Other non-current assets Deferred tax assets Derivative assets Investments in debt and equity securities Current assets Inventories Trade and other receivables Derivative assets Cash and cash equivalents Investments in debt and equity securities Total assets Regulatory deferral accounts (“RDA”) debit balances and related deferred tax assets Total assets and RDA debit balances Note 4 6 7 8 9 10 11 12 13 14 15 12 16 13 17 2022 $ million 13,828.7 111.3 765.0 – 1,622.3 343.7 21.7 133.6 56.0 16,882.3 47.4 795.7 113.6 4,207.8 413.9 5,578.4 22,460.7 499.5 22,960.2 2021 $ million 13,693.2 150.9 728.2 – 2,907.2 337.9 100.5 256.2 29.7 18,203.8 46.7 462.2 3.5 1,187.2 – 1,699.6 19,903.4 454.7 20,358.1 2022 $ million 23.4 14.9 – 5,043.7 45.4 – – – # – 5,127.4 – 4,095.2 5.0 1.3 – 4,101.5 9,228.9 – 9,228.9 2021 $ million 16.3 16.2 – 5,524.6 45.4 – – – # – 5,602.5 – 3,070.4 – # 0.8 – 3,071.2 8,673.7 – 8,673.7 Equity Share capital Reserves Accumulated profits Total equity, attributable to owner of the Company 18 19 2,911.9 (97.2) 11,143.9 2,911.9 (424.3) 9,491.4 2,911.9 – # 6,246.6 2,911.9 – 5,712.8 13,958.6 11,979.0 9,158.5 8,624.7 Non-current liabilities Debt obligations Derivative liabilities Deferred tax liabilities Other non-current liabilities Lease liabilities Current liabilities Debt obligations Derivative liabilities Current tax payable Trade and other payables Lease liabilities Total liabilities Total equity and liabilities RDA credit balances and related deferred tax liabilities Total equity, liabilities and RDA credit balances 20 12 11 21 5 20 12 22 5 17 3,377.9 160.5 1,699.7 479.7 32.2 5,750.0 908.2 143.0 645.6 1,484.6 5.8 3,187.2 8,937.2 22,895.8 64.4 22,960.2 4,369.7 101.3 1,748.4 498.8 34.9 6,753.1 173.6 7.6 67.0 1,314.4 5.9 1,568.5 8,321.6 20,300.6 57.5 20,358.1 – – # 1.4 – – 1.4 – 5.1 0.4 57.6 5.9 70.4 9,228.9 – 9,228.9 – – 1.4 – – 1.4 – – 0.6 47.0 – 69.0 47.6 49.0 8,673.7 – 8,673.7 # Amount is less than $0.1 million The accompanying notes form an integral part of these financial statements. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 11 Income statements As at 31 March 2022 Group Company Note 2022 $ million 2021 $ million 2022 $ million 2021 $ million Revenue Other income Expenses - Purchased power - Depreciation of property, plant and equipment - Amortisation of intangible assets - Maintenance - Staff costs - Property taxes - Other operating expenses Operating profit Finance income Finance costs Share of profits of associates, net of tax Share of losses of joint ventures, net of tax Profit before taxation Tax (expense) / credit Profit for the year attributable to owner of the Company Net movement in RDA balances related to profit or loss and the related deferred tax movement Profit for the year and net movements in RDA balances, attributable to owner of the Company 23 24 5,213.5 1,683.7 (2,806.7) 3,574.1 188.9 (1,473.1) 1,040.1 11.0 – 754.8 9.5 – 4 (790.3) (757.4) (9.9) (8.3) 6 (55.7) (56.1) (5.6) (3.5) (141.1) (126.4) (10.5) (9.0) (324.7) (319.9) (73.9) (72.7) (93.9) (99.2) (0.3) (0.3) (191.4) (145.3) (37.2) (61.0) 2,493.4 785.6 903.7 609.5 25 26 58.6 (85.0) 164.0 45.3 (79.7) 180.0 19.4 (0.1) – 33.9 (0.1) – (5.7) (6.0) – – 2,625.3 925.2 923.0 643.3 27 28 17 (660.3) 1,965.0 37.9 (197.8) 727.4 249.3 0.8 923.8 – 5.3 648.6 – 2,002.9 976.7 923.8 648.6 The accompanying notes form an integral part of these financial statements. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 12 Statements of comprehensive income Year ended 31 March 2022 Group Company 2022 $ million 2021 $ million 2022 $ million 2021 $ million Profit for the year and net movements in RDA balances 2,002.9 976.7 923.8 648.6 Other comprehensive income Items that will not be reclassified to profit or loss: Share of defined benefit plan remeasurements of associates 10.1 10.1 9.3 – – 9.3 – – Items that are or may be reclassified subsequently to profit or loss: Translation differences relating to financial statements of foreign operations (86.7) 446.7 – – Effective portion of changes in fair value of cash flow hedges, net of tax 41.0 31.7 – # (0.2) Net change in fair value of: - Cash flow hedges reclassified to profit or loss, net of tax (5.3) 10.2 – – - Cash flow hedges on recognition of the hedged items on balance sheet, net of tax 0.6 2.1 – # (0.1) Share of hedging reserves of associates Disposal of interest in an associate Other comprehensive income for 211.1 148.9 – – 195.9 – – – 356.6 639.6 – # (0.3) the year, net of tax 366.7 648.9 – # (0.3) Total comprehensive income for the year, attributable to owner of the Company 2,369.6 1,625.6 923.8 648.3 # Amount is less than $0.1 million The accompanying notes form an integral part of these financial statements. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 13 Statements of changes in equity Year ended 31 March 2022 Group Share capital $ million Currency translation reserve $ million Hedging reserve $ million Other reserves $ million Accumulated profits $ million Total equity, attributable to owner of the Company $ million At 1 April 2020 Total comprehensive income for the year Profit for the year and net movement in RDA balances Other comprehensive income Translation differences relating to financial statements of foreign operations Effective portion of changes in fair value of cash flow hedges, net of tax Net change in fair value of: - Cash flow hedges reclassified to profit or loss, net of tax - Cash flow hedges on recognition of the hedged items on balance sheet, net of tax Share of other comprehensive income of associates Total other comprehensive income Total comprehensive income for the year 2,911.9 (810.1) (282.7) 19.6 8,920.7 10,759.4 – – – – 976.7 976.7 – 446.7 – – – 446.7 – – 31.7 – – 31.7 – – 10.2 – – 10.2 – – 2.1 – – 2.1 – – 148.9 9.3 – 158.2 – 446.7 192.9 9.3 – 648.9 – 446.7 192.9 9.3 976.7 1,625.6 Transactions with owner, recognised directly in equity Distribution to owner Dividends declared (Note 34) Total transactions with owner At 31 March 2021 – – – – (406.0) (406.0) – – – – (406.0) (406.0) 2,911.9 (363.4) (89.9) 28.9 9,491.4 11,979.0 # Amount is less than $0.1 million The accompanying notes form an integral part of these financial statements. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 14 Statements of changes in equity Year ended 31 March 2022 Group Share capital $ million Currency translation reserve $ million Hedging reserve $ million Other reserves $ million Accumulated profits $ million Total equity, attributable to owner of the Company $ million At 1 April 2021 2,911.9 (363.4) (89.8) 28.9 9,491.4 11,979.0 Total comprehensive income for the year Profit for the year and net movement in RDA balances – – – – 2,002.9 2,002.9 Other comprehensive income Translation differences relating to financial statements of foreign operations – (86.7) – – – (86.7) Effective portion of changes in fair value of cash flow hedges, net of tax Net change in fair value of: – – 41.0 – – 41.0 - Cash flow hedges reclassified to profit or loss, net of tax – – (5.3) – – (5.3) - Cash flow hedges on recognition of the hedged items on balance sheet, net of tax – – 0.6 – – 0.6 Share of other comprehensive income of associates – – 211.1 10.1 – 221.2 Disposal of interest in an associate – 231.9 (36.0) (39.6) 39.6 195.9 Total other comprehensive income – 145.2 211.4 (29.5) 39.6 366.7 Total comprehensive income for the year – 145.2 211.4 (29.5) 2,042.5 2,369.6 Transactions with owner, recognised directly in equity Distribution to owner Dividends declared (Note 34) Total transactions with owner – – – – (390.0) (390.0) – – – – (390.0) (390.0) At 31 March 2022 2,911.9 (218.2) 121.6 (0.6) 11,143.9 13,958.6 # Amount is less than $0.1 million The accompanying notes form an integral part of these financial statements. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 15 Statements of changes in equity Year ended 31 March 2022 Share capital $ million Hedging reserve $ million Accumulated profits $ million Total $ million Company At 1 April 2020 2,911.9 0.3 5,470.2 8,382.4 Total comprehensive income for the year Profit for the year – – 648.6 648.6 Other comprehensive income Effective portion of changes in fair value of cash flow hedges, net of tax – (0.2) – (0.2) Net change in fair value of: - Cash flow hedges on recognition of the hedged items on balance sheet, net of tax – (0.1) – (0.1) Total other comprehensive income – (0.3) – (0.3) Total other comprehensive income for the year – (0.3) 648.6 648.3 Transactions with owner, recognised directly in equity Dividends declared (Note 34) – – (406.0) (406.0) Total transactions with owner – – (406.0) (406.0) At 31 March 2021 2,911.9 – 5,712.8 8,624.7 At 1 April 2021 2,911.9 – 5,712.8 8,624.7 Total comprehensive income for the year Profit for the year – – 923.8 923.8 Other comprehensive income Effective portion of changes in fair value of cash flow hedges, net of tax – – # – – # Net change in fair value of: - Cash flow hedges on recognition of the hedged items on balance sheet, net of tax – – # – – # Total other comprehensive income – – # – – # Total other comprehensive income for the year – – # 923.8 923.8 Transactions with owner, recognised directly in equity Dividends declared (Note 34) – – (390.0) (390.0) Total transactions with owner – – (390.0) (390.0) At 31 March 2022 2,911.9 – # 6,246.6 9,158.5 # Amount is less than $0.1 million The accompanying notes form an integral part of these financial statements. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 16 Consolidated statement of cash flows Year ended 31 March 2022 Note 2022 $ million 2021 $ million Cash flows from operating activities Profit for the year and net movements in RDA balances 2,002.9 976.7 Adjustments for: Deferred income (20.0) (23.9) RDA debit or credit balances and related deferred tax assets or liabilities (37.9) (249.3) Depreciation and amortisation 846.0 813.5 Finance costs 26 90.3 83.5 Finance income 25 (58.6) (45.3) Exchange loss / (gain), net 28 0.9 (14.7) Loss on disposal of property, plant and equipment and intangible assets 11.7 1.2 Impairment loss on intangible assets and property, plant and equipment 2.4 5.0 Gain on disposal of interest in an associate 24 (1,532.0) – Share of profit of associates and joint ventures, net of tax (158.3) (174.0) Tax expense 27 660.3 197.8 Write-down of inventory 14 8.4 5.3 Allowance for expected credit loss on trade receivables, net 15a 14.7 13.9 Net fair value gain on equity investments at FVTPL 26 (5.3) (3.8) Others 5.0 3.4 1,830.5 1,589.3 Changes in working capital: Inventories (9.1) (2.6) Trade and other receivables and contract assets (304.5) 4.3 Balances with related parties (trade) 6.1 10.6 Trade and other payables 214.9 (10.4) Cash generated from operations 1,737.9 1,591.2 Interest received 34.3 64.7 Net tax paid (30.0) (63.4) Net cash generated from operating activities 1,742.2 1,592.5 The accompanying notes form an integral part of these financial statements. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 17 Consolidated statement of cash flows (continued) Year ended 31 March 2022 Note 2022 $ million 2021 $ million Cash flows from investing activities Purchase of property, plant and equipment (1,006.2) (986.4) Purchase of intangible assets (18.1) (40.7) Proceeds from disposal of property, plant and equipment and intangible assets 6.3 5.5 Proceeds from disposal of interest in an associate 3,154.1 – Dividends received from associates and joint venture 153.8 146.9 Proceeds from redemption of other investment – 5.0 Acquisition of interest in associates and joint venture (24.4) (42.7) Loans to a joint venture (46.4) – Payments for investments in debt securities (413.4) – Acquisition of other investments (21.3) (14.4) Additions to investment property (36.9) (6.6) Net cash generated from / (used in) investing activities 1,747.5 (933.4) Cash flows from financing activities Proceeds from loans 83.2 156.0 Proceeds from termination of derivatives 19.5 – Repayment of debt obligations (176.5) (797.1) Dividends paid to owner of the Company (390.0) (406.0) Interest paid (81.8) (108.9) Commitment fees paid – (1.5) Upfront fees paid for credit facilities (2.6) – Payment of principal portion of lease liabilities (6.2) (5.9) Net cash used in financing activities (554.4) (1,163.4) Net increase / (decrease) in cash and cash equivalents 2,935.3 (504.3) Cash and cash equivalents at beginning of the year 1,187.2 1,673.4 Effect of exchange rate changes on balances held in foreign currencies 85.3 18.1 Cash and cash equivalents at end of the year 16 4,207.8 1,187.2 The accompanying notes form an integral part of these financial statements. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 18 Notes to the financial statements These notes form an integral part of the financial statements. The financial statements were authorised for issue by the Board of Directors on 2 June 2022. 1 Domicile and activities Singapore Power Limited (the “Company”) is incorporated in the Republic of Singapore and has its registered office at 2 Kallang Sector, SP Group Building, Singapore 349277. The immediate and ultimate holding company is Temasek Holdings (Private) Limited, a company incorporated in the Republic of Singapore. The principal activities of the Company are that of investment holding and provision of management support services. Its subsidiaries are engaged principally in the transmission and distribution of electricity and gas, provision of related consultancy services and investments in related projects. The consolidated financial statements relate to the Company and its subsidiaries (together referred to as the “Group”) and the Group’s interests in associates and joint ventures (collectively referred to as “Group entities”). 2 Basis of preparation 2.1 Statement of compliance The financial statements have been prepared in accordance with the Singapore Financial Reporting Standards (International) (“SFRS(I)”). 2.2 2.3 Basis of measurement The financial statements have been prepared on the historical cost basis except as disclosed in the accounting policies set out below. Functional and presentation currency These financial statements are presented in Singapore dollars, which is the Company’s functional currency. Each entity in the Group determines its own functional currency and items included in the financial statements of each entity are measured using that functional currency. All financial information presented in Singapore dollars has been rounded to the nearest 0.1 million, unless otherwise stated. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 19 2.4 Use of estimates and judgements The preparation of financial statements in conformity with SFRS(I) requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making judgements about carrying amounts of assets and liabilities that are not readily apparent from other sources. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected. Information about critical judgements in applying accounting policies that have the most significant effect on the amounts recognised in the financial statements is discussed below: Taxation The Group is subject to taxes mainly in Singapore and Australia. Significant judgement is required in determining provision for taxes. There are many transactions and calculations during the ordinary course of business for which the ultimate tax determination is uncertain. The Group recognises liabilities for anticipated tax audit issues based on estimates of whether additional taxes will be due. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the income tax and deferred tax provisions in the period in which such determination is made. Details are set out in Note 11 and Note 27. Impairment of associates Impairment reviews in respect of associates are performed at least annually or when there is any indication that the investment in associates may be impaired. More regular reviews are performed if changes in circumstances or the occurrence of events indicate potential impairment. The Group uses the present value of future cash flows to determine the recoverable amounts of the underlying cash generating units in the associates. In calculating the recoverable amounts, significant management judgement is required in forecasting cash flows of the cash generating units, in estimating the terminal growth values and in selecting an appropriate discount rate. Estimating fair values of financial assets and financial liabilities The fair value of financial assets and financial liabilities must be estimated for recognition, measurement and disclosure purposes. Note 31 sets out the basis of valuation of financial assets and liabilities. Accrued revenue Revenue accrual estimates are made to account for the unbilled period between the end-user’s last billing date and the end of the accounting period. The accrual relies on detailed analysis of customers’ historical consumption patterns, which takes into account base usage and sensitivity to consumption growth. The results of this analysis are applied for the number of days over the unbilled period. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 20 Regulatory deferral accounts Regulatory deferral account debit or credit balances represent timing differences between revenue recognised for financial reporting purposes (as set out in Note 3.18) and revenue earned for regulatory purposes. Revenue earned for regulatory purposes is estimated based on the revenue allowed by the Energy Market Authority (“EMA”) (in accordance with the price regulation framework), taking into consideration the services rendered, sale and volume of electricity and gas delivered to consumers. Note 3.16 sets out the accounting policy for regulatory deferral accounts. 2.5 Changes in accounting policies Adoption of new and revised SFRS(I)s and Interpretation to SFRS(I) The Group has applied the Amendments to SFRS(I) 9, SFRS(I) 1-39, SFRS(I) 7, SFRS(I) 4, SFRS(I) 16: Interest Rate Benchmark Reform – Phase 2 which is effective for annual financial periods beginning on or after 1 April 2021. The Phase 2 amendments provide practical relief from certain requirements in SFRS(I) Standards. The amendment most relevant to the Group is where it provides for a series of temporary exceptions from certain hedge accounting requirements when a change required by the interest rate benchmark reform occurs to a hedge item and / or hedging instrument that permit the hedge relationship to be continued without interruption. The Group applies the following reliefs as and when uncertainty arising the from interest rate benchmark reform is no longer present with respect to the timing and the amount of the interest rate benchmark-based cash flows of the hedged item or hedging instrument: • the Group amends the designation of a hedging relationship to reflect changes that are required by the reform without discontinuing the hedging relationship; and • when a hedged item in a cash flow hedge is amended to reflect the changes that are required by the reform, the amount accumulated in the hedging reserve is deemed to be based on the alternative benchmark rate on which the hedged future cash flows are determined. The details of the accounting policies and related disclosures on financial risk management are disclosed in Note 3.6 and 31. There was no significant financial impact to the Group as a result of these amendments. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 21 3 Significant accounting policy The accounting policies set out below have been applied consistently for all periods presented in these financial statements, and have been consistently applied by the Group entities, which addresses changes in accounting policies due to the adoption of new and revised standards. 3.1 Basis of consolidation Business combinations Business combinations are accounted for using the acquisition method as at the acquisition date, which is the date on which control is transferred to the Group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. In assessing control, the Group takes into consideration potential voting rights that are currently exercisable. The consideration transferred does not include amounts related to the settlement of pre-existing relationships. Such amounts are generally recognised in profit or loss. Costs related to the acquisition, other than those associated with the issue of debt or equity securities, that the Group incurs in connection with a business combination are expensed as incurred. Any contingent consideration payable is recognised at fair value at the acquisition date and included in the consideration transferred. If the contingent consideration is classified as equity, it is not remeasured and settlement is accounted for within equity. Otherwise, subsequent changes to the fair value of the contingent consideration are recognised in profit or loss. For non-controlling interests that are present ownership interests and entitle their holders to a proportionate share of the acquiree’s net assets in the event of liquidation, the Group elects on a transaction-by-transaction basis whether to measure them at fair value, or at the non-controlling interests’ proportionate share of the recognised amounts of the acquiree’s identifiable net assets, at the acquisition date. All other non-controlling interests are measured at acquisition-date fair value, or, when applicable, on the basis specified in another standard. Any excess or deficiency of the purchase consideration over the fair value of the identifiable assets acquired and liabilities and contingent liabilities assumed is accounted for as goodwill or bargain purchase gain (see Note 3.4). Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. In the Company’s separate financial statements, investments in subsidiaries are accounted for at cost less impairment losses. The accounting policies of subsidiaries have been changed when necessary to align them with the policies adopted by the Group. Losses applicable to the non-controlling interests in a subsidiary are allocated to the non-controlling interests even if doing so causes the non-controlling interests to have a deficit balance. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 22 Loss of control Upon the loss of control, the Group de-recognises the assets and liabilities of the subsidiary, any non-controlling interests and the other components of equity related to the subsidiary. Any surplus or deficit arising on the loss of control is recognised in profit or loss. If the Group retains any interest in the previous subsidiary, then such interest is measured at fair value at the date that control is lost. Subsequently, it is accounted for as an equity-accounted investee or as an equity investment at fair value through other comprehensive income depending on the level of influence retained. Joint arrangements A joint arrangement is a contractual arrangement whereby two or more parties have joint control. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. To the extent the joint arrangement provides the Group with rights to the assets and obligations for the liabilities relating to the arrangement, the arrangement is a joint operation. To the extent the joint arrangement provides the Group with rights to the net assets of the arrangement, the arrangement is a joint venture. The Group recognises its interest in a joint venture as an investment and accounts for the investment using the equity method. The accounting policy for investment in joint venture is set out below. Investments in associates and joint ventures (equity-accounted investees) An associate is an entity over which the Group has the power to participate in the financial and operating policy decisions of the investee but does not have control or joint control of those policies. Investments in associates and joint ventures are accounted for using the equity method (equity-accounted investees) and are recognised initially at cost. The Group’s investments in equity-accounted investees include goodwill identified on acquisition, net of any accumulated impairment losses. The consolidated financial statements include the Group’s share of the profit or loss and other comprehensive income of the equity-accounted investees, after adjustments to align the accounting policies of the equity-accounted investees with those of the Group, from the date that significant influence or joint control commences until the date that significant influence or joint control ceases. When the Group’s share of losses exceeds its interest in an equity-accounted investee, the carrying amount of the investment, together with any long-term interests that form part thereof, is reduced to zero and the recognition of further losses is discontinued except to the extent that the Group has an obligation to fund the investee’s operations or has made payments on behalf of the investee. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 23 Acquisition of non-controlling interests Acquisitions of non-controlling interests are accounted for as transactions with owners in their capacity as owners and therefore no goodwill is recognised as a result of such transactions. The adjustments to non-controlling interests arising from transactions that do not involve the loss of control are based on a proportionate amount of the net assets of the subsidiary. Any difference between the adjustment to non-controlling interests and the fair value of consideration paid is recognised directly in equity and presented as part of equity attributable to owners of the Company. Transactions eliminated on consolidation Intra-group balances and transactions, and any unrealised income or expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Unrealised gains arising from transactions with equity-accounted investees are eliminated against the investment to the extent of the Group’s interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but only to the extent that there is no evidence of impairment. Accounting for subsidiaries and joint ventures by the Company Investments in subsidiaries and joint ventures are stated in the Company’s balance sheet at cost less accumulated impairment losses. 3.2 Foreign currencies Foreign currency transactions Transactions in foreign currencies are translated to the respective functional currencies of Group entities at the exchange rates at the dates of the transactions. The functional currencies of the Group entities are mainly Singapore dollars, Australian dollars and Chinese Yuan Renminbi. Monetary assets and liabilities denominated in foreign currencies at the reporting date are retranslated to the functional currencies at the exchange rate at the reporting date. The foreign currency gain or loss on monetary items is the difference between amortised cost in the functional currency at the beginning of the year, adjusted for effective interest and payments during the year, and the amortised cost in foreign currency translated at the exchange rate at the end of the year. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value are retranslated to the functional currency at the exchange rate prevailing on the date on which the fair value was determined. Non-monetary items in a foreign currency that are measured in terms of historical cost are translated using the exchange rate at the date of the transaction. Foreign currency differences arising on translation are recognised in profit or loss, except for differences arising on the translation of a financial liability designated as a hedge of the net investment in a foreign operation that is effective, an equity investment at fair value through other comprehensive income, or qualifying cash flow hedges which are recognised in other comprehensive income. Foreign operations The assets and liabilities of foreign operations, excluding goodwill and fair value adjustments arising on acquisition, are translated to Singapore dollars for presentation in these financial statements at exchange rates at the reporting date. The income and expenses of foreign operations are translated to Singapore dollars at exchange rates at the dates of the transactions. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 24 Foreign currency differences are recognised in other comprehensive income, and presented in the foreign currency translation reserve (“translation reserve”) in equity. However, if the foreign operation is a non-wholly-owned subsidiary, then the relevant proportionate share of the translation difference is allocated to the non-controlling interests. When a foreign operation is disposed of, such that control, significant influence or joint control is lost, the cumulative amount in the translation reserve related to that foreign operation is reclassified to profit or loss as part of the gain or loss on disposal. When the Group disposes of only part of its interest in a subsidiary that includes a foreign operation while retaining control, the relevant proportion of the cumulative amount is reattributed to non-controlling interests. When the Group disposes of only part of its investment in an associate or joint venture that includes a foreign operation while retaining significant influence or joint control, the relevant proportion of the cumulative amount is reclassified to profit or loss. When the settlement of a monetary item receivable from or payable to a foreign operation is neither planned nor likely in the foreseeable future, foreign exchange gains and losses arising from such a monetary item are considered to form part of a net investment in a foreign operation. These are recognised in other comprehensive income, and are presented in the translation reserve in equity. 3.3 Property, plant and equipment Recognition and measurement Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditure that is directly attributable to the acquisition of the asset. The cost of self-constructed assets includes the cost of materials and direct labour, any other costs directly attributable to bringing the asset to a working condition for their intended use, and the costs of dismantling and removing the items and restoring the site on which they are located and capitalised borrowing cost. Capitalisation of borrowing costs will cease when the asset is ready for its intended use. Cost may also include transfers from equity of any gain or loss on qualifying cash flow hedges of foreign currency purchases of property, plant and equipment. Purchased software that is integral to the functionality of the related equipment is capitalised as part of that equipment. When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items (major components) of property, plant and equipment. The gain or loss on disposal of an item of property, plant and equipment is determined by comparing the proceeds from disposal with the carrying amount of property, plant and equipment, and is recognised net within other income/other operating expenses in profit or loss. Subsequent costs The cost of replacing a component of an item of property, plant and equipment is recognised in the carrying amount of the item if it is probable that the future economic benefits embodied within the component will flow to the Group, and its cost can be measured reliably. The carrying amount of the replaced component is de-recognised. The costs of the day-to-day servicing of property, plant and equipment are recognised in profit or loss as incurred. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 25 Depreciation Depreciation is based on the cost of an asset less its residual value. Significant components of individual assets are assessed and if a component has a useful life that is different from the remainder of that asset, that component is depreciated separately. Depreciation is recognised in profit or loss on a straight-line basis over the estimated useful lives of each component of an item of property, plant and equipment. Freehold land and construction-in-progress are not depreciated. The estimated useful lives for the current and comparative periods are as follows: Leasehold land Buildings, office and tunnels Plant and machinery - Mains (Electricity) - Mains (Gas) - Transformers and switchgear Other plant and equipment (principally gas storage plant, remote control and meters) Motor vehicles and office equipment Over the term of the lease, ranging from 3 – 99 years 2 – 40 years or the lease term, if shorter 10 – 30 years 5 – 50 years or the lease term, if shorter 20 – 30 years 2 – 40 years 2 – 10 years Depreciation methods, useful lives and residual values are reviewed at each financial year end, and adjusted if appropriate. 3.4 Intangible assets Goodwill Goodwill that arises upon the acquisition of subsidiaries is included in intangible assets and represents the excess of: - the fair value of the consideration transferred; plus - the recognised amount of any non-controlling interests in the acquiree; plus - if the business combination is achieved in stages, the fair value of the pre-existing equity interest in the acquiree, over the net recognised amount (generally fair value) of the identifiable assets acquired and liabilities assumed. When the excess is negative, a bargain purchase gain is recognised immediately in profit or loss. Subsequent measurement Goodwill is measured at cost less accumulated impairment losses. In respect of equity-accounted investees, the carrying amount of goodwill is included in the carrying amount of the investment, and an impairment loss on such an investment is not allocated to any asset, including goodwill, that forms part of the carrying amount of the equity-accounted investee. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 26 Other intangible assets Other intangible assets with finite useful lives are measured at cost less accumulated amortisation and accumulated impairment losses. Expenditure on internally generated goodwill is recognised in profit or loss as an expense when incurred. Intangible assets that have indefinite lives or that are not available for use are stated at cost less accumulated impairment losses. Software is stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised in profit or loss on a straight-line basis over the estimated useful life of 2 to 5 years. Deferred expenditure relates mainly to contributions paid by the Group in accordance with regulatory requirements towards capital expenditure costs incurred by electricity generation companies and onshore receiving facility operator, and is stated at cost less accumulated amortisation and accumulated impairment losses. Deferred expenditure is amortised on a straight-line basis over the period in which the Group derives benefits from the capital contribution payments, which is generally the useful life of the relevant equipment ranging from 7 to 19 years. Research costs are expensed as incurred. Capitalised development costs arising from development expenditures on an individual project are recognised as an intangible asset when the Group can demonstrate the technical feasibility of completing the intangible asset so that it will be available for use or sale, its intention to complete and its ability to use or sell the asset, how the asset will generate future economic benefits, the availability of resources to complete and the ability to measure reliably the expenditures during the development. Following initial recognition of the capitalised development costs as an intangible asset, it is carried at cost less accumulated amortisation and any accumulated impairment losses. Amortisation of the intangible asset begins when development is complete and the asset is available for use. Capitalised development costs have a finite useful life and are amortised over the period of 5 years on a straight line basis. Intangible assets under construction are stated at cost. No amortisation is provided until the intangible assets are ready for use. 3.5 Investment property under development Investment property under development is property held either to earn rental income or for capital appreciation or for both, but not for sale in the ordinary course of business, use in the production or supply of goods or services or for administrative purposes. Investment property under development is measured at cost on initial recognition. Cost includes expenditure that is directly attributable to the acquisition of the investment property. The cost of self-constructed investment property includes the cost of materials and direct labour, any other costs directly attributable to bringing the investment property under development to a working condition for their intended use and capitalised borrowing costs. Any gain or loss on disposal of an investment property under development (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in profit or loss. When the use of a property changes such that it is reclassified as property, plant and equipment, its fair value at the date of reclassification becomes its cost for subsequent accounting. Property that is being constructed for future use as investment property under development is accounted for at cost less accumulated depreciation and accumulated impairment losses. Investment property under development is not depreciated. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 27 3.6 Financial instruments Non-derivative financial assets Initial recognition and measurement Financial assets are recognised when, and only when the entity becomes party to the contractual provisions of the instruments. At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value through profit or loss are expensed in profit or loss. Trade receivables are measured at the amount of consideration to which the Group expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third party, if the trade receivables do not contain a significant financing component at initial recognition. Subsequent measurement Investments in debt instruments Subsequent measurement of debt instruments depends on the Group’s business model for managing the asset and the contractual cash flow characteristics of the asset. The measurement categories for classification of debt instruments are: (i) (ii) (iii) Amortised cost Financial assets that are held for the collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortised cost. Financial assets are measured at amortised cost using the effective interest method, less impairment. Gains and losses are recognised in profit or loss when the assets are de-recognised or impaired, and through the amortisation process. Fair value through other comprehensive income (“FVOCI”) Financial assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Financial assets measured at FVOCI are subsequently measured at fair value. Any gains or losses from changes in fair value of the financial assets are recognised in other comprehensive income, except for impairment losses, foreign exchange gains and losses and interest calculated using the effective interest method are recognised in profit or loss. The cumulative gain or loss previously recognised in other comprehensive income is reclassified from equity to profit or loss as a reclassification adjustment when the financial asset is de-recognised. Fair value through profit or loss Assets that do not meet the criteria for amortised cost or FVOCI are measured at fair value through profit or loss. A gain or loss on a debt instrument that is subsequently measured at fair value through profit or loss and is not part of a hedging relationship is recognised in profit or loss in the period in which it arises. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 28 Investments in equity instruments On initial recognition of an investment in equity instrument that is not held for trading, the Group may irrevocably elect to present subsequent changes in fair value in OCI. Dividends from such investments are to be recognised in profit or loss when the Group’s right to receive payments is established. For investments in equity instruments which the Group has not elected to present subsequent changes in fair value in OCI, changes in fair value are recognised in profit or loss. De-recognition The Group de-recognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. Cash and cash equivalents Cash and cash equivalents comprise cash balances and bank deposits. Non-derivative financial liabilities Initial recognition and measurement Financial liabilities are recognised when, and only when, the Group becomes a party to the contractual provisions of the financial instrument. The Group determines the classification of its financial liabilities at initial recognition. All financial liabilities are recognised initially at fair value plus in the case of financial liabilities not at fair value through profit or loss, directly attributable transaction costs. For financial liabilities at fair value through profit or loss, directly attributable transaction costs are recognised in profit or loss incurred. Subsequent measurement After initial recognition, financial liabilities that are not carried at fair value through profit or loss are subsequently measured at amortised cost using the effective interest method. Gains and losses are recognised in profit or loss when the liabilities are de-recognised, and through the amortisation process. Financial liabilities at fair value through profit or loss are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 29 De-recognition A financial liability is de-recognised when the obligation under the liability is discharged or cancelled or expires. On de-recognition, the difference between the carrying amounts and the consideration paid is recognised in profit or loss. Offsetting Financial assets and liabilities are offset and the net amount presented on the balance sheets when, and only when, the Group has a legal right to offset the amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously. The rights of offset must not be contingent on a future event and must be enforceable in the event of bankruptcy or insolvency of all the counterparties to the contract. Ordinary shares Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of ordinary shares are recognised as a deduction from equity, net of any tax effects. Derivative financial instruments and hedge accounting The Group holds derivative financial instruments to hedge its foreign currency and interest rate risk exposures. Embedded derivatives are separated from the host contract and accounted for separately if the host contract is not a financial asset and certain criteria are met. Derivatives are initially measured at fair value and any directly attributable transaction costs are recognised in profit or loss as incurred. Subsequent to initial recognition, derivatives are measured at fair value, and changes therein are generally recognised in profit or loss. The Group designates certain derivatives and non-derivative financial instruments as hedging instruments in qualifying hedging relationships. At inception of designated hedging relationships, the Group documents the risk management objective and strategy for undertaking the hedge. The Group also documents the economic relationship between the hedged item and the hedging instrument, including whether the changes in cash flows of the hedged item and hedging instrument are expected to offset each other. The Group applies hedge accounting for certain hedging relationships which qualify for hedge accounting. For the purpose of hedge accounting, hedges are classified as: • cash flow hedges when hedging exposure to variability in cash flows that is either attributable to a particular risk associated with a recognised asset or liability or a highly probable forecast transaction or the foreign currency risk in an unrecognised firm commitment; or • fair value hedges when hedging the exposure to changes in fair value of a recognised asset or liability or an unrecognised firm commitment. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 30 Cash flow hedges When a derivative is designated as the hedging instrument in a hedge of the variability in cash flows attributable to a particular risk associated with a recognised asset or liability or a highly probable forecast transaction that could affect profit or loss, the effective portion of changes in the fair value of the derivative is recognised in other comprehensive income and presented in the hedging reserve in equity. Any ineffective portion of changes in the fair value of the derivative is recognised immediately in profit or loss. When the hedged item is a non-financial asset, the amount accumulated in equity is included in the carrying amount of the asset when the asset is recognised. In other cases, the amount accumulated in equity is reclassified to profit and loss in the same period that the hedged item affects profit or loss. If the hedging instrument no longer meets the criteria for hedge accounting, expires or is sold, terminated or exercised, or the designation is revoked, then hedge accounting is discontinued prospectively. When a cash flow hedge is discontinued, the cumulative gain or loss previously recognised in other comprehensive income will remain in the cash flow hedge reserve until the future cash flows occur if the hedged future cash flows are still expected to occur or reclassified to profit or loss immediately if the hedged future cash flows are no longer expected to occur. Fair value hedges Changes in the fair value of a derivative hedging instrument designated as a fair value hedge are recognised in profit or loss. The hedged item is adjusted to reflect changes in its fair value in respect of the risk being hedged; the gain or loss attributable to the hedged risk is recognised in profit or loss with an adjustment to the carrying amount of the hedged item. Hedges directly affected by interest rate benchmark reform Phase 1 amendments: Prior to interest rate benchmark reform – when there is uncertainty arising from interest rate benchmark reform For the purpose of evaluating whether there is an economic relationship between the hedged item(s) and the hedging instrument(s), the Group assumes that the benchmark interest rate is not altered as a result of interest rate benchmark reform. For a cash flow hedge of a forecast transaction, the Group assumes that the benchmark interest rate will not be altered as a result of interest rate benchmark reform for the purpose of assessing whether the forecast transaction is highly probable and presents an exposure to variations in cash flows that could ultimately affect profit or loss. In determining whether a previously designated forecast transaction in a discontinued cash flow hedge is still expected to occur, the Group assumes that the interest rate benchmark cash flows designated as a hedge will not be altered as a result of interest rate benchmark reform. The Group will cease to apply the specific policy for assessing the economic relationship between the hedged item and the hedging instrument (i) to a hedged item or hedging instrument when the uncertainty arising from interest rate benchmark reform is no longer present with respect to the timing and the amount of the contractual cash flow of the respective item or instrument or (ii) when the hedging relationship is discontinued. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 31 For its highly probable assessment of the hedged item, the Group will no longer apply the specific policy when the uncertainty arising from interest rate benchmark reform about the timing and the amount of the interest rate benchmark-based future cash flows of the hedged item is no longer present, or when the hedging relationship is discontinued. Phase 2 amendments: Replacement of interest rates – when there is no longer uncertainty arising from interest rate benchmark reform When the basis for determining the contractual cash flows of the hedged item or the hedging instrument changes as a result of interest rate benchmark reform and therefore there is no longer uncertainty arising about the cash flows of the hedged item or the hedging instrument, the Group amends the hedged documentation of that hedging relationship to reflect the change(s) required by interest rate benchmark reform. A change in the basis for determining the contractual cash flows is required by interest rate benchmark reform if the following conditions are met: • the change is necessary as a direct consequence of the reform; and • the new basis for determining the contractual cash flow is economically equivalent to the previous basis – i.e. the basis immediately before the change. For this purpose, the hedge designation is amended only to make one or more of the following changes: • designating an alternative benchmark rate as the hedged risk; • updating the description of hedged item, including the description of the designated portion of the cash flows or fair value being hedged; or • updating the description of the hedging instrument. The Group amends the description of the hedging instrument only if the following conditions are met: • it makes a change required by interest rate benchmark reform by changing the basis for determining the contractual cash flows of the hedging instrument or using another approach that is economically equivalent to changing the basis for determining the contractual cash flows of the original hedging instrument; and • the original hedging instrument is not derecognised. The Group amends the formal hedge documentation by the end of the reporting period during which a change required by interest rate benchmark reform is made to the hedged risk, hedged item or hedging instrument. These amendments in the formal hedge documentation do not constitute the discontinuation of the hedging relationship or the designation of a new hedging relationship. If changes are made in addition to those changes required by interest rate benchmark reform described above, then the Group first considers whether those additional changes result in the discontinuation of the hedge accounting relationship. If the additional changes do not result in discontinuation of the hedge accounting relationship, then the Group amends the formal hedge documentation for changes required by interest rate benchmark reform as mentioned above. When the interest rate benchmark on which the hedged future cash flows had been based is changed as required by interest rate benchmark reform, for the purpose of determining whether the hedged future cash flows are expected to occur, the Group deems that the hedging reserve recognised in OCI for the hedging relationship is based on the alternative benchmark rate on which the hedged future cash flows will be based. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 32 Intra-group financial guarantees in the separate financial statements Financial guarantees are financial instruments issued by the Group that require the issuer to make specified payments to reimburse the holder for the loss it incurs because a specified debtor fails to meet payment when due in accordance with the original or modified terms of a debt instrument. Financial guarantees issued are initially measured at fair value and the initial fair value is amortised over the life of the guarantees. Subsequent to initial measurement, the financial guarantees are measured at the higher of the amortised amount and the amount of loss allowance. Expected credit losses are a probability-weighted estimate of credit losses. Expected credit losses are measured for financial guarantees issued as the expected payments to reimburse the holder less any amounts that the Group expects to recover. 3.7 Impairment Non-derivative financial assets The Group recognises an allowance for expected credit losses (“ECLs”) for all debt instruments not held at fair value through profit or loss and financial guarantee contracts. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. ECLs are recognised in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is recognised for credit losses expected over the remaining life of the exposure, irrespective of timing of the default (a lifetime ECL). For trade receivables and contract assets, the Group applies a simplified approach in calculating ECLs. Therefore, the group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. The Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. For debt instruments at fair value through OCI, the Group applies the low credit risk simplification. At every reporting date, the Group evaluates whether the debt instrument is considered to have low credit risk using all reasonable and supportable information that is available without undue cost or effort. The Group considers a financial asset potentially in default when contractual payments are 180 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 33 Non-financial assets The carrying amounts of the Group’s non-financial assets, other than inventories and deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, the asset’s recoverable amounts are estimated. For goodwill and intangible assets that have indefinite useful lives or that are not yet available for use, recoverable amount is estimated each year at the same time. An impairment loss is recognised if the carrying amount of an asset or its related cash-generating unit (“CGU”) exceeds its estimated recoverable amount. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or CGU. Subject to an operating segment ceiling test, for the purposes of goodwill impairment testing, CGUs to which goodwill has been allocated are aggregated so that the level at which impairment testing is performed reflects the lowest level at which goodwill is monitored for internal reporting purposes. Goodwill acquired in a business combination is allocated to groups of CGUs that are expected to benefit from the synergies of the combination. The Group’s corporate assets do not generate separate cash inflows and are utilised by more than one CGU. Corporate assets are allocated to CGUs on a reasonable and consistent basis and tested for impairment as part of the testing of the CGU to which the corporate asset is allocated. Impairment losses are recognised in profit or loss. Impairment losses recognised in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the CGU (group of CGUs), and then to reduce the carrying amounts of the other assets in the CGU (group of CGUs) on a pro rata basis. An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognised in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised. Such reversal of impairment is recognised in profit or loss. Goodwill that forms part of the carrying amount of an investment in an associate or a joint venture is not recognised separately, and therefore is not tested for impairment separately. Instead, the entire amount of the investment in an associate or a joint venture is tested for impairment as a single asset when there is objective evidence that the investment in an associate or a joint venture may be impaired. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 34 3.8 Inventories Spare parts, accessories and other consumables are measured at the lower of cost and net realisable value. Cost is determined based on the weighted average method, and includes expenditure in acquiring the inventories and other costs incurred in bringing them to their existing location and condition. Cost may also include transfers from other comprehensive income of any gain or loss on qualifying cash flow hedges of foreign currency purchases of inventories. Allowance for obsolete, deteriorated or damaged stocks is made when considered appropriate. 3.9 Accrued revenue Revenue accrual estimates are made to account for the unbilled amount at the reporting date. 3.10 Contract balances Progress billings to customers are based on a payment schedule in the contract and are typically triggered upon achievement of specified contractual milestones. A contract asset is recognised when the Group has performed under the contract but has not yet billed the customer. Conversely, a contract liability is recognised when the Group has not yet performed under the contract but has received advanced payments from the customer. Contract assets are transferred to receivables when the rights to consideration become unconditional. Contract liabilities are recognised as revenue as the Group performs under the contract. Contract assets are subject to impairment assessment. Note 3.7 sets out the accounting policy on impairment of financial assets. 3.11 Employee benefits Provision is made for the accrued liability for employee entitlements arising from services rendered by employees up to the reporting date. The provision represents the Group’s total estimated liability at the reporting date for employee entitlements. Long service leave The liability for long service leave is recognised in the provision for employee benefits and is measured as the present value of expected future payments to be made in respect of services provided by employees up to the reporting date, including on-costs. Consideration is given to expected future salary levels, experience of employee departures and periods of service. Expected future payments are discounted using interest rates on government guaranteed bonds with terms to maturity and currencies that match, as closely as possible, the estimated future cash outflows. Defined contribution plans A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution plans are recognised as an employee benefit expense in profit or loss in the periods during which services are rendered by employees. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 35 Short-term employee benefits Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided. A liability is recognised for the amount expected to be paid under short-term cash bonus or profit-sharing plans if the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee, and the obligation can be estimated reliably. 3.12 Provisions A provision is recognised if, as a result of a past event, the Group has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost. Environmental Environmental provision is made for the rehabilitation of sites based on the estimated costs of the rehabilitation. The liability includes the costs of reclamation, plant closure and dismantling, and waste site closure. The liability is determined based on the present value of the obligation. Annual adjustments to the liability are recognised in profit or loss over the estimated life of the sites. The costs are estimated based on assumptions of current legal requirements and technologies. Any changes in estimates are dealt with on a prospective basis. Onerous contracts A provision for onerous contracts is recognised when the expected benefits to be derived by the Group from a contract are lower than the unavoidable cost of meeting its obligations under the contract. The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established, the Group recognises any impairment loss on the assets associated with that contract. 3.13 Government grant Capital grant is recognised on a straight-line basis and taken to profit or loss over the periods necessary to match the depreciation of the assets purchased with the government grants. Operating grant is taken to profit or loss on a systematic basis in the same periods in which the expenses are incurred. 3.14 Deferred construction cost compensation Deferred construction cost compensation received to defray costs relating to the construction of an asset are accounted for as a government grant. Note 3.13 sets out the government grant accounting policy. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 36 3.15 Deferred income Deferred income comprises (i) government grants for the purchase of depreciable assets, (ii) contributions made by certain customers towards the cost of capital projects received prior to 1 July 2009 and (iii) compensation received to defray operating expenses. Government grants and customer contributions Deferred income is recognised on a straight-line basis and taken to profit or loss over the periods necessary to match the depreciation of the assets purchased with the government grants and customers’ contribution. 3.16 Regulatory deferral account (“RDA”) debit or credit balances Use of system charges, transportation of gas, district cooling services and Market Support Services fees Regulatory deferral account debit or credit balances represent timing differences between revenue recognised for financial reporting purposes and revenue earned for regulatory purposes. Movements in the regulatory deferral account debit or credit balances are recognised in profit or loss over the periods necessary to adjust revenue recognised for financial reporting purposes to revenue earned for regulatory purposes based on services rendered. At the end of each regulatory period, adjustments for amounts to be recovered or refunded are taken to profit or loss as net movement in regulatory deferral account balances. 3.17 Price regulation and licence The Group’s operations in Singapore are regulated under the Electricity Licence for Transmission Licensee, Electricity Licence for Market Support Services Licensee, Gas Licence, and the District Cooling Services Licence issued by the Energy Market Authority (“EMA”) of Singapore. Allowed revenue to be earned from the supply and transmission of electricity, transportation of gas and the provision of market support services is regulated based on certain formulae and parameters set out in those licences, relevant acts and codes. Allowed revenue for district cooling corresponds to the quantum which the Group is entitled to under Condition 13 (Economic Regulation) of its District Cooling Services Licence issued by the Energy Market Authority of Singapore. Revenue recognised for financial reporting purposes may differ from revenue earned for regulatory purposes due to revenue or volume variances. This may result in adjustments that may increase or decrease tariffs in succeeding periods. Amounts to be recovered or refunded are brought to account as adjustments to net movement in regulatory deferral account debit or credit balances in the income statement in the period in which the Group becomes entitled to the recovery or liable for the refund. The Group’s capital expenditure may vary from its regulatory plan and is subject to a review by the EMA. The results of the variances in capital expenditure may be translated into price adjustments, if any, in the following reset period. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 37 The use of system charges, transportation of gas charges and allowed revenue to be recovered from Market Support Services fees are approved by the EMA for a 5-year regulatory period in accordance with the price regulation framework. 3.18 Revenue recognition Revenue is measured based on the consideration to which the Group expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties. Revenue is recognised when the Group satisfies a performance obligation by transferring a promised good or service to the customer, which is when the customer obtains control of the good or service. A performance obligation may be satisfied at a point in time or over time. The amount of revenue recognised is the amount allocated to the satisfied performance obligation. Sale of electricity Revenue from the sale of electricity is recognised over time when electricity is delivered to consumers. Use of system charges and transportation of gas Revenue from use of system charges and transportation of gas is recognised over time based on tariff billings to customers when the volume of electricity and gas is delivered. Revenue from take-or-pay arrangements relating to the transportation of gas is recognised when it is probable that such revenue is receivable. District cooling service income Income from services is recognised over time when the services are rendered. Agency fees and Market Support Services fees Agency fees from acting as billing agent and fees for services provided as the Market Support Services Licensee are recognised over time when the services are rendered. Dividend income Dividend income is recognised on the date that the Group’s right to receive payment is established. Rental income Rental income is recognised in profit or loss on a straight-line basis over the term of the lease. Support service income and management fees Support service income and management fees are recognised when the services are rendered. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 38 Meters supply and installation fees The Group entered into a contract with customer to provide meters and installation services. Management has considered that the meters have no alternative use for the Group due to contractual restrictions, and the Group has enforceable rights to payment for performance completed to date, arising from the contractual terms. Accordingly, revenue is recognised over the period of the contract by reference to the progress towards complete satisfaction of the performance obligation. The measure of progress is determined based on the proportion of costs incurred to date to the estimated total contract costs (“input method”). Costs incurred that are not related to the contract or that do not contribute towards satisfying the performance obligation are excluded from the measure of progress and instead are expensed as incurred. Estimates of revenues, costs or extent of progress toward completion are revised if circumstances change. Any resulting increases or decreases in estimated revenues or costs are reflected in the profit or loss in the period in which the circumstances that give rise to the revision become known by management. 3.19 Leases The Group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. As lessor Leases in which the Group does not transfer substantially all the risks and rewards of ownership of the asset are classified as operating leases. Initial direct costs incurred in negotiating an operating lease are added to the carrying amount of the leased asset and recognised over the lease term. Rental income under operating leases are recognised in profit or loss over the term of the lease. Where assets are leased under a finance lease, the present value of the lease payments is recognised as a receivable. The difference between the gross receivable and the present value of the receivable is recognised as unearned finance income. Lease income is recognised over the lease term using the net investment method, which reflects a constant periodic rate of return. Contingent rental income is recognised in profit or loss in the accounting period in which they are incurred. As lessee The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Group recognises lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. Right-of-use assets The Group recognises right-of-use assets at the commencement or on modification date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 39 If ownership of the leased asset transfers to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The right-of-use assets are also subject to impairment. Refer to Note 3.7 for the accounting policy. Lease liabilities At the commencement date of the lease, the Group recognises lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating the lease, if the lease term reflects the Group exercising the option to terminate. Variable lease payments that do not depend on an index or a rate are recognised as expenses (unless they are incurred to produce inventories) in the period in which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Group uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments (e.g., changes to future payments resulting from a change in an index or rate used to determine such lease payments) or a change in the assessment of an option to purchase the underlying asset. Short-term leases and leases of low-value assets The Group applies the short-term lease recognition exemption to its short-term leases of machinery and equipment (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value assets recognition exemption to leases of equipment that are considered to be low value. Lease payments on short-term leases and leases of low-value assets are recognised as expense on a straight-line basis over the lease term. Covid-19-related rent concessions The Group has applied Amendment to SFRS(I) 16 Covid-19-Related Rent Concessions. The Group applies the practical expedient allowing it not to assess whether eligible rent concessions that are a direct consequence of the Covid-19 pandemic are lease modifications. The Group applies the practical expedient consistently to contracts with similar characteristics and in similar circumstances. For rent concessions in leases to which the Group chooses not to apply the practical expedient, or that do not qualify for the practical expedient, the Group assesses whether there is a lease modification. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 40 3.20 Finance income and costs Finance income comprises interest income on funds invested. Interest income is recognised as it accrues, using the effective interest method. Finance costs comprise interest expense on borrowings, unwinding of the discount on provisions, fair value gains or losses on financial assets and liabilities at fair value through profit or loss, impairment losses recognised on financial assets (other than trade receivables), gains or losses on hedging instruments that are recognised in profit or loss, amortisation of transaction costs capitalised and interest expense on lease liabilities. Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognised in profit or loss using the effective interest method. 3.21 Tax expense Tax expense comprises current and deferred tax. Current and deferred taxes are recognised in profit or loss except to the extent that it relates to a business combination, or items recognised directly in equity or in other comprehensive income. Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognised for: • temporary differences on the initial recognition of assets or liabilities in a transaction that is

TRANSMISSION SERVICE RATE SCHEDULE A SERVICE CONNECTION A1 Service Connection This includes cables, associated equipment and facilities to effect the connection of consumers’/generation companies’ equipment to SP PowerAssets Limited’s (“SPPA”) substation/network. Connection Level Low Tension (LT) High Tension (HT) Extra High Tension (EHT) Ultra High Tension (UHT) Supply Level 230V or 400V 6.6kV or 22 kV 66 kV 230kV A2 Engineering Fees Engineering fees are applicable to all cost items associated with service connection from SPPA’s substation/network to consumers’/generation companies’ premises as well as all cost items associated with required network augmentation. Table 1 – Engineering Fees (Exclusive of GST) # Category Connection Cost Rate Engineering Fee ($) 1 Up to $100,000 20% 20,000 2 3 4 5 6 7 First $100,000 Next $900,000 First $1m Next $4m First $5m Next $5m First $10m Next $10m First $20m Next $10m First $30m Above $30m - 7.5% - 6.5% - 6.0% - 5.5% - 5.0% - 4.5% # Please refer to Table 1A in Appendix 1 for charges inclusive of GST. 20,000 - 87,500 - 347,500 - 647,500 - 1,197,500 - 1,697,500 - B SERVICE CONNECTION CHARGES B1 Service Connection Charges for LT Supply All LT consumers are required to pay a one-time upfront service connection charge. This charge varies for different load requirements and is categorised as follows: [a) Development Without Substation The service connection charge comprises the cost based on requirement in kVA of tapping supply from both the High Tension [HT) and LT networks, which includes the cost of service cables. For individual consumers without substations, the cost of LT service cable for the same capacity may vary widely depending on their locations with respect to the nearest LT mains. These consumers are not the sole beneficiaries of the extension of the LT network. To achieve a greater degree of equity in terms of cost for these general consumers, a standard cost approach is adopted by grouping consumers with similar supply requirements. The average global cost per kVA is determined based on past statistics. For example, this category of consumers which comprises mainly landed residential owners applying for the same applied load, will pay the same standard connection charge regardless of the location of their premises from the existing LT network. [b) Development With Substation The service connection charge comprises the cost based on requirement in kVA of tapping supply from the HT network and the cost of service cable. The cost of tapping supply from the HT network refers to the cost of cables and consumables used in setting up a new distribution substation. It excludes the cost of shared network assets such as switchgear, transformer and HT network cables. The cost is spread to all new consumers proportionally on a per kVA basis. For consumers with substations, their supply intake point is usually adjacent to the substation, which requires a service cable of approximately 15m in most instances. Therefore, the standard cost of service cable is computed based on a length of 15m. Consumers shall pay the additional cost for service cable exceeding 15m. In addition, consumers shall also pay for those dedicated assets, such as switchgear and transformers, which are serving them and do not benefit others. Table 2 – Low Tension Standard Connection Charge (Exclusive of GST) # Capacity Requirement in kVA Up to 15 (existing premises) Up to 15 (new premises) Capacity of Final Service Cable Type of Final LT Service Cable Underground Connection Development without Substation Standard Connection Charge ($) 23 35mm 2 2C 1,600 ) 23 35mm 2 2C 1,900 ) 16 - 23 23 35mm 2 2C 2,800 ) 16 - 45 45 35mm 2 4C 5,300 ) Development with Substation* Standard Connection Charge ($) 46 - 75 75 35mm 2 4C 8,800 6,700 76 - 140 140 120mm 2 4C Al 16,700 ) 141 - 180 180 185mm 2 4C Al 22,000 ) 181 - 230 230 300mm 2 4C Al 28,700 ) 231 - 280 280 300mm 2 4C Cu 34,400 8,500 281 - 460 460 2x300mm 2 4C Al NA 12,600 461 - 560 560 2x300mm 2 4C Cu NA 17,700 561 - 1000 1,000 7x500mm 2 1C NA 26,000 # Please refer to Table 2A in Appendix 2 for charges inclusive of GST. * For service cable not exceeding 15m. For longer lengths, additional charges shall apply. Standard charges are only applicable to consumers who are connected to the shared network. Standard charges are not applicable to consumers where the network extension is unlikely to be shared by others. Some of these include supply to HDB premises, premises involving installation of bigger capacity cable in order to overcome the excessive voltage drop, temporary work sites, public installations and offshore island premises. These consumers will be required to pay for the full connection network cost, based on user-pay principle, as they are the main beneficiaries. B2 Service Connection Charges for HT, EHT and UHT Supply Consumers taking HT, EHT and UHT supply shall pay the cost of the service connections to their intake equipment including cables, associated equipment and facilities to effect the connection of consumers’ equipment to SPPA’s substation/network. The service connection shall cater for single contingency. Consumers requesting for additional level of contingency that exceeds the single contingency standard are required to pay for the full cost of such provision. B3 Dedicated Network/Substation The developer or consumer shall pay the full cost of all associated equipment and facilities under a dedicated network/substation scheme for which the network capacity is intended to serve the developer’s development or consumer’s premise(s) exclusively. A substation comprises land, building, electrical equipment and associated cables. A substation which serves a development or premise has to be provided and paid for by the developer or consumer. As the capacity of electrical equipment is lumpy, the substation may have excess capacity. The developer or consumer will carry the cost of this excess capacity which cannot be avoided. As this substation is required to serve mainly the development’s or consumer’s load, it is considered a dedicated substation. To reduce cost, a developer or consumer can choose to let SPPA bear the cost of the electrical equipment and associated cables, thus making the network/substation a nondedicated one. In return, SPPA must be allowed to allocate the excess capacity to other consumers. Even after the excess capacity is allocated, SPPA shall return the capacity to the developer or consumer if his demand grows later provided existing allocated capacity to other consumers can be diverted. The latter provision shall also apply to the decommissioning of the substation. At present, most substations provided by developers or consumers are non-dedicated substations. C GENERATION CONNECTION CHARGES Table 3: Generation Connection Charges (Exclusive of GST) # Connection Level UHT (230kV or 400kV) EHT (66kV) HT (6.6kV or 22kV) LT (230V or 400V) Charge $50,000 per MW of Installed Generation Capacity* Based on cost of service connections to generation companies’ equipment, including cables, associated equipment and facilities, to effect the connection to SPPA’s substation/network. # Please refer to Table 3A in Appendix 2 for charges inclusive of GST. * Rate is only applicable for cable installation by conventional direct burial method. D ATTENDANCE CHARGE FOR POWER FAILURE CAUSED BY FAULT WITHIN CONSUMER’S INSTALLATION Table 4: Attendance Charge (Exclusive of GST) # Consumer Type Charge per Attendance LT Domestic $5 LT Non-Domestic $30 HT $120 # Please refer to Table 4A in Appendix 3 for charges inclusive of GST. E CHARGE FOR RECONNECTION DUE TO INVOLUNTARY DISCONNECTION Table 5: Reconnection Charge (Exclusive of GST) # Charge per Connection Connection Level Weekday Weekend/ Office Hours After Office Public Holiday (8.00 am to 5.30pm) Hours LT $15 $100 $100 HT $120 $200 $200 EHT $180 $300 $300 # Please refer to Table 5A in Appendix 3 for charges inclusive of GST. F CHARGE FOR VOLUNTARY TEMPORARY DISCONNECTION & RECONNECTION Table 6: Voluntary Temporary Disconnection & Reconnection Charge (Exclusive of GST) # Charge per Feeder/Connection Connection Level Weekday Weekend/ Office Hours After Office Public Holiday (8.00 am to 5.30pm) Hours LT NA $100 $100 HT NA $200 $200 EHT NA $300 $300 # Please refer to Table 6A in Appendix 3 for charges inclusive of GST. G RE-APPOINTMENT CHARGE FOR ENERGISATION OF SERVICE CONNECTION $45 per connection (Exclusive of GST) # # Please refer to Appendix 3 for charges inclusive of GST H METER SERVICE CHARGES Table 7: Meter Service Charges (Exclusive of GST) # 1 Site testing of Single Phase Meter : $ 30 per meter per trip 2 Site testing of Three Phase Whole-Current Meter : $ 30 per meter per trip 3 Site testing of CT-operated Meter : All meter under customer account @ $80 per meter per trip 4 Additional charges for site testing : Weekday after office hours : $150 per trip Weekend/Public Holiday : $300 per trip 5 Auditing of Meter Data : $ 100 per man-day or part thereof 6 Express service for meter installation : Weekday : $150 per man-day per site Weekend/Public Holiday : $300 per man-day per site 7 Meter Installation/ Replacement of metering transformers : Weekday after office hours : $150 per man-day per site Weekend/Public Holiday : $300 per man-day per site Note : Office hours are from 8.00 am to 5.30 pm on weekdays from Monday to Friday. # Please refer to Table 7A in Appendix 4 for charges inclusive of GST. I ADVANCED METERING INFRASTRUCTURE (AMI) METER CHARGE Table 8: AMI Meter Charge (Exclusive of GST) # Applicable for any: (i) (ii) newly contestable business consumer, and household consumer who opt to use AMI meters (instead of load profiling) in OEM Installation Fee of $40.00 per AMI meter This will apply to Customer Transfer Request or Metering Option Change Request effected on 20 Mar 2018 onwards. # Please refer to Table 8A in Appendix 4 for charges inclusive of GST. J USE OF SYSTEM (UOS) CHARGES EFFECTIVE FROM 1 APRIL 2024 Table 9 : UOS Charges (Exclusive of GST) # From 1 April 2024 to 31 March 2025 Contracted Capacity Charge ($/kW/mont h) Peak Period Charge (¢/kWh) Off-Peak Period Charge (¢/kWh) Reactive Power Charge (¢/kVArh) Uncontracted Capacity Charge 7 ($/kW/month) Uncontracted Standby Capacity Charge 10 ($/kW/month) CCS 8 ECCS 9 Tier 1 Tier 2 Ultra High Tension 1 9.31 0.06 0.02 0.44 13.97 46.55 46.55 111.72 Extra High Tension 2 12.90 0.08 0.03 0.48 19.35 64.50 64.50 154.80 High Tension - Large 3 16.37 0.74 0.08 0.59 24.56 81.85 81.85 196.44 High Tension - Small 4 16.37 0.96 0.09 0.59 24.56 81.85 81.85 196.44 Low Tension - Large 5 - 6.46 5.14 - - - - - Low Tension - Small 6 - 6.46 - - - - - # Please refer to Table 9A in Appendix 5 for charges inclusive of GST. 1 Ultra High Tension - for consumers taking supplies at 230kV, 50Hz, 3-phase, 3-wire for connection with minimum Contracted Capacity of 85,000kW* 2 Extra High Tension - for consumers taking supplies at 66kV, 50Hz, 3-phase, 3-wire for a Contracted Capacity: (a) between 25,501kW and 84,999kW for service connection from the nearest feasible 66kV substation* (b) between 85,000kW and 170,000kW for connection from the nearest feasible 66kV source station* The above shall apply to new and existing customers. 3 High Tension-Large - for consumers taking supplies at 22kV or 6.6kV, 50Hz, 3-phase, 3-wire for a Contracted Capacity: (a) between 1,700kW and 12,750kW for 1 or 2 HT 22kV services* (b) between 12,751kW and 25,500kW for 3 or 4 HT 22kV services* 4 High Tension-Small - for consumers taking supplies at 22kV or 6.6kV, 50Hz, 3-phase, 3-wire for connection with Contracted Capacity of less than 1,700kW. 5 Low Tension-Large - for contestable consumers taking supplies at 400V/230V. 6 Low Tension-Small - for non-contestable consumers taking supplies at 400V/230V. These are consumers who choose to buy electricity from SP Group at the regulated tariff. 7 The Uncontracted Capacity Charge (UCC) applies in the event that the maximum demand in kW (measured by the half-hour integration meter) exceeds the Contracted Capacity. UCC applies to: (a) Normal customers without embedded generation; (b) Customers with embedded generation who require top-up supplies and opt to summate their kW output from embedded generation and kW demand from the network (i.e Summation Scheme) for determining maximum demand; and (c) Customers with embedded generation who require top-up supplies and opt to cap their power demand in kW drawn from the network (i.e Capped Capacity Scheme or Extended Capped Capacity Scheme). The UCC applies in the event that the maximum demand in kW (measured by the half-hour integration meter) exceeds the contracted capacity and shall be limited to 20% of the Contracted Capacity. 8 For Capped Capacity Scheme (CCS), the Uncontracted Standby Capacity Charge (USCC), at 5 times of Contracted Capacity Charge, applies in the event that the demand in kW (measured by the power meter) drawn from the network exceeds 120% of the contracted capacity for a duration of more than 10 seconds continuously. 9 For Extended Capped Capacity Scheme (ECCS), the 2-tier Uncontracted Standby Capacity Charge (USCC) applies as follows: • Tier 1: 5 times of Contracted Capacity Charge is applicable if the demand in kW drawn from the network exceeds 120% and up to 200% of the contracted capacity for a duration of more than 100 seconds continuously. • Tier 2: 12 times of Contracted Capacity Charge is applicable if the demand in kW drawn from the network exceeds 200% of the contracted capacity for a duration of more than 10 seconds continuously. 10 For both CCS and ECCS, the consumer shall at its own expense, install and maintain Load Limiting Device, in accordance with requirements that the Transmission Licensee may stipulate from time to time. * Based on power factor of 0.85 Notes On Use-of-System Charges Effective from 1 April 2018 1 Supply Categories The Use-of-System [UOS) Charges shall be paid for electricity transmission services at each metered intake supply point in accordance with the voltage at which a consumer receives the electricity supply. The UOS Charges are applicable for the following categories of supplies : • Low Tension [LT) Supplies at 400V/230V Supply to Low Tension-Small Consumer Supply to Low Tension-Large Consumer • High Tension [HT) Supplies at 22kV and 6.6kV Supply to High Tension-Small Consumer, whose Contracted Capacity is less than 1,700 kW per month at each metered intake supply point. Supply to High Tension-Large Consumer, whose Contracted Capacity is at least 1,700 kW per month at each metered intake supply point. • Extra-High Tension [EHT) Supplies at 66kV Supply to Extra-High Tension Consumer • Ultra-High Tension [UHT) Supplies at 230kV Supply to Ultra-High Tension Consumer • Temporary Supplies Temporary Supplies apply only to LT and HT supplies for temporary civil engineering and building construction sites. 2 Low Tension Supplies 2.1 Low Tension Small Consumer LT supplies [in kWh) to all non-contestable LT consumers are metered on a monthly basis. A flat per kWh UOS rate is levied at each metered intake supply point. These are consumers who choose to buy electricity from SP Group at the regulated tariff. 2.2 Low Tension Large Consumer LT Supplies to these contestable consumers are metered on energy (kWh) on a halfhourly time-of-day basis. The respective per kWh charges shall be levied at a “Peak” and an “Off-peak” period for the energy supplied at each metered intake supply point. 2.2.1 Peak Period Charge The Peak Period Charge payable shall be the monthly charge based on the energy (in kWh) supplied to an installation during the peak period, 7.00 am to 11.00 pm, in that month. 2.2.2 Off-Peak Period Charge The Off-Peak Period Charge payable shall be the monthly charge based on the energy (in kWh) supplied to an installation during the off-peak period, 11.00 pm to 7.00 am, in that month. 3 High Tension, Extra-High Tension and Ultra-High Tension Supplies For HT (i.e. HT Small and HT Large), EHT and UHT Supplies, UOS Charges shall be levied at each metered intake supply point as follows : a. Contracted Capacity Charge; b. Peak Period Charge; c. Off-peak Period Charge; d. Reactive Power Charge; e. Uncontracted Capacity Charge, and f. Uncontracted Standby Capacity Charge (applicable to consumers with embedded generation who opt to cap their power demand drawn from the network). 3.1 Contracted Capacity Charge 3.1.1 The Contracted Capacity Charge is a monthly charge payable in any month for the Contracted Capacity at each intake supply point of a consumer. The Contracted Capacity shall be the supply capacity (in kW), which is requested by the consumer for that intake supply point. For the avoidance of doubt, and without prejudice to paragraph 3.1.3 herein, the consumer shall not be allowed to reduce the declared Contracted Capacity upon the signing of the Consumer Connection Agreement / Supply Agreement, notwithstanding the fact that the energisation of the new supply has still not taken place. 3.1.2 For a new connection, consumers are subject to a binding period of 5 years from the target date or the commissioning date for SPPA’s plant and equipment, except for the service cable, whichever is later. During the 5-year binding period, no reduction to the Contracted Capacity is allowed. For new HT, EHT and UHT connections, the minimum Contracted Capacity for each intake supply point is as follows : HT with 1 or 2 feeders HT with 3 or 4 feeders EHT UHT 1,700 kW, 12,751 kW, 25,501 kW, 85,000 kW. During the first year of the 5-year binding period, requests for intermediate incremental steps of Contracted Capacity may be made before the full Contracted Capacity is implemented. The first step shall be at least one quarter ( 1 /4) of the consumer’s requested full Contracted Capacity at each intake supply point. 3.1.3 After the initial 5-year binding period, the consumer may, by giving at least 10 business days’ notice in writing, reduce his Contracted Capacity at each intake supply point subject to the following minimum values: HT with 1 or 2 feeders HT with 3 or 4 feeders EHT UHT 850 kW, 6,375 kW, 12,750 kW, 42,500 kW. Any such reduction in Contracted Capacity shall be subject to a 1-year binding period from the effective date of the revised Contracted Capacity, i.e. the consumer shall not be entitled to make any further reduction in the Contracted Capacity within one year following any such reduction. The Market Support Services Licensee will inform the consumer of the date of their billing cycle. The consumer will be billed based on the revised Contracted Capacity for the entire billing cycle that encompasses the effective date of the revised Contracted Capacity. 3.1.4 The consumer, may, by giving at least 15 business days’ notice in writing, may be allowed to increase his Contracted Capacity, during the 5-year or 1-year binding period. The revised Contracted Capacity shall apply for the remainder of the initial 5-year binding period or for a minimum period of 1 year, whichever is later, provided SPPA is not required to install new or additional equipment. The consumer will be billed based on the revised Contracted Capacity for the entire billing cycle that encompasses the effective date of the revised Contracted Capacity. Reduction of Contracted Capacity during binding periods will not be allowed. 3.1.5 A consumer whose revised Contracted Capacity requires SPPA to install new or additional equipment shall be considered as receiving a new supply with a new 5-year binding period. 3.1.6 Subject to Clause 3.1.4 and 3.1.5, the UCC incurred by a consumer in a particular month (“UCC Month”) can be converted into Contracted Capacity Charge provided: (i) (ii) (iii) (iv) The consumer submits the request for an increase in Contracted Capacity no later than 2 weeks after the date of the bill for the UCC Month; The revised Contracted Capacity is not less than the maximum demand recorded in the UCC Month; The revised Contracted Capacity does not require the Transmission Licensee to install new or additional equipment; and Upon approval by the Transmission Licensee, the revised Contracted Capacity shall take effect on the first day of the UCC Month and thereafter shall not be reduced within one year, or the remaining of the 5-year binding period, whichever is later. 3.1.7 For a new development with landlord and tenants, the Contracted Capacity required by the landlord himself and his tenants (HT and above) must in aggregate meet the minimum values set out in paragraphs 3.1.2 to 3.1.3 above in order for the landlord to qualify for HT, EHT or UHT supplies. If landlord or its tenants (HT and above) request to revise their Contracted Capacity, the aggregate Contracted Capacity after revision must meet the minimum Contracted Capacity values and subject to the same terms and conditions for revision of Contracted Capacity set out in paragraphs 3.1.3 and 3.1.4. 3.1.8 Existing HT, EHT or UHT consumers may have Contracted Capacity below the minimum Contracted Capacity as specified in paragraphs 3.1.2 and 3.1.3. For such consumers, they may request to increase (but not decrease) their Contracted Capacity in the manner as described above. 3.2 Peak Period Charge The Peak Period Charge payable shall be the monthly charge based on the energy (in kWh) supplied to an installation during the peak period, 7.00 am to 11.00 pm, in that month. 3.3 Off-Peak Period Charge The Off-Peak Period Charge payable shall be the monthly charge based on the energy (in kWh) supplied to an installation during the off-peak period, 11.00 pm to 7.00 am, in that month. 3.4 Reactive Power Charge The Reactive Power Charge is a monthly charge payable in any month for the installation's excess kVArh consumption. The excess kVArh shall be the difference by which the installation's kVArh consumption drawn from the network in that month is greater than 62% of its kWh consumption drawn from the network in the same month. 3.5 Uncontracted Capacity Charge 3.5.1 The Uncontracted Capacity Charge is a monthly charge payable in any month for the Uncontracted Capacity utilised. The Uncontracted Capacity is the capacity in kW by which the maximum demand in kW (measured by the half-hour integration meter) exceeds the Contracted Capacity at that metered intake supply point. 3.5.2 The Uncontracted Capacity Charge shall apply to the following HT, EHT and UHT consumers : a. Normal consumers without embedded generation; b. Consumers with embedded generation whose monthly maximum demand in kW is the maximum summated demand in kW in the month, determined by summating the kW demand drawn from the network and the kW output from embedded generation (i.e. Summation Scheme); and c. Consumers with embedded generation who opt to cap their power demand in kW drawn from the network in the event that the maximum demand in kW (measured by the half-hour integration meter) exceeds the Contracted Capacity at that metered intake supply point (i.e. Capped Capacity Scheme or Extended Capped Capacity Scheme). The Uncontracted Capacity for these consumers shall be limited to 20% of the Contracted Capacity. 3.6 Uncontracted Standby Capacity Charge 3.6.1 The Uncontracted Standby Capacity Charge is a monthly charge payable in any month for the Uncontracted Standby Capacity utilised. The Uncontracted Standby Capacity Charge shall apply to those HT, EHT and UHT consumers with embedded generation who opt for the Capped Capacity Scheme or Extended Capped Capacity Scheme. 3.6.2 For Capped Capacity Scheme, the Uncontracted Standby Capacity Charge applies in the event the demand in kW drawn from the network (measured by the power meter) exceeds 120% of the Contracted Capacity at that metered intake supply point for a duration of more than 10 seconds continuously. 3.6.3 For Extended Capped Capacity Scheme, the Uncontracted Standby Capacity Charge applies in the event : • the demand in kW drawn from the network exceeds 120% and up to 200% of the Contracted Capacity at that metered intake supply point for a duration of more than 100 seconds continuously; or • the demand in kW drawn from the network exceeds 200% of the Contracted Capacity at that metered intake supply point for a duration of more than 10 seconds continuously. 3.6.4 For the avoidance of doubt, in the event Uncontracted Standby Capacity Charge applies in accordance with Clauses 3.6.2 and 3.6.3 above, Uncontracted Capacity Charge shall also be applicable for the Contracted Capacity portion which is 20% above the customer’s declared Contracted Capacity. 4 Temporary Supplies Temporary Supplies apply only to LT and HT supplies for temporary civil engineering and building construction sites. The UOS charges applicable for the LT and HT temporary supplies shall be the same as those used for LT and HT supplies respectively. For temporary supplies at HT, the Contracted Capacity shall apply for a binding period of 2 years. Upward revision of the Contracted Capacity may be allowed during the validity of the binding period of the Contracted Capacity. The revised Contracted Capacity shall in such cases apply for a minimum period of 1 year, provided SPPA is not required to install new or additional equipment. Downward revision during such binding period will not be allowed. A consumer whose revised Contracted Capacity requires SPPA to install new or additional equipment, shall be considered as receiving a new temporary supply. The term granted for temporary connection is 2 years. Appendix 1 A2 ENGINEERING FEES Table 1A – Engineering Fees (Inclusive of 9% GST) Category Connection Cost ($) Rate* Engineering Fee Payable ($) 1 Up to $100,000 20% 21,800 First $100,000 - 2 Next $900,000 7.5% First $1m - 3 Next $4m 6.5% First $5m - 4 Next $5m 6.0% First $10m - 5 Next $10m 5.5% First $20m - 6 Next $10m 5.0% First $30m - 7 Above $30m 4.5% * Prevailing GST rate will be also applied to the balance. 21,800 - 95,375 - 378,775 - 705,775 - 1,305,275 - 1,850,275 - Appendix 2 B SERVICE CONNECTION CHARGES Table 2A – Low Tension Standard Connection Charge (Inclusive of 9% GST) Capacity Requirement in kVA Capacity of Final service Cable Type of Final LT Service Cable Development without Substation Standard Connection Charge ($) Development with Substation* Standard Connection Charge ($) Underground Connection Up to 15 (existing premises) 23 35mm 2 2C 1,744 ) Up to 15 (new premises) 23 35mm 2 2C 2,071 ) 16 - 23 23 35mm 2 2C 3,052 ) 16 - 45 45 35mm 2 4C 5,777 ) 46 - 75 75 35mm 2 4C 9,592 7,303 76 - 140 140 120mm 2 4C Al 18,203 ) 141 - 180 180 185mm 2 4C Al 23,980 ) 181 - 230 230 300mm 2 4C Al 31,283 ) 231 - 280 280 300mm 2 4C Cu 37,496 9,265 281 - 460 460 2x300mm 2 4C Al NA 13,734 461 - 560 560 2x300mm 2 4C Cu NA 19,293 561 - 1000 1,000 7x500mm 2 1C NA 28,340 * For service cable not exceeding 15m. For longer lengths, additional charges shall apply. C GENERATION CONNECTION CHARGES Table 3A: Generation Connection Charges (Inclusive of 9% GST) Connection Level UHT (230kV or 400kV) EHT (66kV) HT (6.6kV or 22kV) LT (230V or 400V) Charge $54,500 per MW of Installed Generation Capacity* Based on cost of service connections to generation companies’ equipment, including cables, associated equipment and facilities, to effect the connection to SPPA’s substation/network plus applicable GST. * Rate is only applicable for cable installation by conventional direct burial method. Appendix 3 D ATTENDANCE CHARGE FOR POWER FAILURE CAUSED BY FAULT WITHIN CONSUMER’S INSTALLATION Table 4A: Attendance Charge (Inclusive of 9% GST) Consumer Type Charge per Attendance LT Domestic $5.45 LT Non-Domestic $32.70 HT $130.80 E CHARGE FOR RECONNECTION DUE TO INVOLUNTARY DISCONNECTION Table 5A: Reconnection Charge (Inclusive of 9% GST) Charge per Connection Connection Weekday Weekend/ Level Office Hours After Office Public Holiday (8.00 am to 5.30pm) Hours LT $16.35 $109 $109 HT $130.80 $218 $218 EHT 196.20 $327 $327 F CHARGE FOR VOLUNTARY TEMPORARY DISCONNECTION & RECONNECTION Table 6A: Voluntary Temporary Disconnection & Reconnection Charge (Inclusive of 9% GST) Charge per Feeder/Connection Connection Weekday Weekend/ Level Office Hours After Office Public Holiday (8.00 am to 5.30pm) Hours LT NA $109 $109 HT NA $218 $218 EHT NA $327 $327 G RE-APPOINTMENT CHARGE FOR ENERGISATION OF SERVICE CONNECTION $49.05 per connection (Inclusive of 9% GST) Appendix 4 H METER SERVICE CHARGES Table 7A: Meter Service Charges (Inclusive of 9% GST) 1 Site testing of Single Phase Meter : $32.70 per meter per trip 2 Site testing of Three Phase Whole-Current Meter : $32.70 per meter per trip 3 Site testing of CT-operated Meter : All meter under customer account @ $87.20 per meter per trip 4 Additional charges for site testing : Weekday after office hours : $163.50 per trip Weekend/Public Holiday : $327 per trip 5 Auditing of Meter Data : $109 per man-day or part thereof 6 Express service for meter installation : Weekday : $163.50 per man-day per site Weekend/Public Holiday : $327 per man-day per site 7 Meter Installation/ Replacement of metering transformers : Weekday after office hours : $163.50 per man-day per site Weekend/Public Holiday : $327 per man-day per site Note: Office hours are from 8.00 am to 5.30 pm on weekdays from Monday to Friday. I ADVANCED METERING INFRASTRUCTURE (AMI) METER CHARGE Table 8A: AMI Meter Charge (Inclusive of 9% GST) Applicable for any: (i) (ii) newly contestable business consumer, and household consumer who opt to use AMI meters (instead of load profiling) in OEM Installation Fee of $43.60 per AMI meter This will apply to Customer Transfer Request or Metering Option Change Request effected on 20 Mar 2018 onwards. Appendix 5 J USE OF SYSTEM CHARGES (GST INCLUSIVE FEE APPLICABLE WITH EFFECT FROM 1 APRIL 2024) Table 9A : UOS Charges (Inclusive of 9% GST) From 1 April 2024 to 31 March 2025 Contracted Capacity Charge ($/kW/month) Peak Period Charge (¢/kWh) Off-Peak Period Charge (¢/kWh) Reactive Power Charge (¢/kVArh) Uncontracted Capacity Charge ($/kW/month) Uncontracted Standby Capacity Charge ($/kW/month) CCS ECCS Tier 1 Tier 2 Ultra High Tension 10.15 0.07 0.02 0.48 15.23 50.74 50.74 121.77 Extra High Tension 14.06 0.09 0.03 0.52 21.09 70.31 70.31 168.73 High Tension - Large 17.84 0.81 0.09 0.64 26.77 89.22 89.22 214.12 High Tension - Small 17.84 1.05 0.10 0.64 26.77 89.22 89.22 214.12 Low Tension - Large - 7.04 5.60 - - - - - Low Tension - Small - 7.04 - - - - Note : Figures above may not reflect the full GST effect due to rounding.

LICENSED ELECTRICIAN PREPARATORY PROGRAMME (Programme Code: ENO32) LEARNING OUTCOMES The Licensed Electrician Preparatory Programme will equip participants with the necessary theoretical foundation and practical application skills to carry out the work of a Licensed Electrician. PRE-REQUISITES Applicants are required to have at least: o 5 years of relevant practical work experience; and o GCE “N” Level with pass in English and Mathematics or Workplace Literacy and Numeracy (WPLN) Level 5 --- The programme is optional for applicants with: o NITEC in Electrical Engineering and at least 2 years of relevant practical work experience; or o At least 10 years of relevant practical work experience PROGRAMME CONTENTS Theoretical Foundation Conducted by Singapore Polytechnic/Ngee Ann Polytechnic No. Description Hours Total Module 1: Electrical Principles 1.1 Basic Principles of Electricity 5 1.2 AC Circuits 15 1.3 Basics of Three Phase AC Circuits 15 1.4 Written Assessment 1 2 2 Module 2: Electrical Installation Design 2.1 Statutory Act and Regulations 5 2.2 Protective Devices and Cables 13 2.3 Protection Against Electric Shock 15 2.4 Electrical System Design 7 2.5 Temporary Electrical Installation 9 2.6 Written Assessment 2 2 2 Module 3: Testing and Maintenance of Electrical Systems 3.1 Testing of Switchboards 9 3.2 Maintenance of Switchboards 6 3.3 Standby Generators 6 3.4 Photovoltaic System 7 3.5 Written Assessment 3 2 2 1 35 49 28 Total 118 V9_122022 Practical Application Conducted by Singapore Institute of Power and Gas No. Description Hours Total Module 4: Safety and Connection Process 4.1 Safety & Licensing Requirements 3.5 4.2 The Supply Connection Process 3.5 4.3 Assessment 1.0 Module 5: Electrical Installation Less than 45kVA 5.1 Practical Design of Small Electrical Installation 10.5 5.2 Generator Supply for Small Electrical Installation 3.5 5.3 Assessment 1.0 Module 6: Inspection and Testing 6.1 Safety Requirements and Tools for Inspection and Testing 7.0 6.2 Practical Inspection and Testing of Small Installation 7.0 6.3 Assessment 1.0 8 15 15 Total 38 ASSESSMENT For modules conducted by SP/NP, a written assessment will be conducted upon completion of each module. For modules conducted by SIPG, a practical assessment will be conducted upon completion of each module. PROGRAMME TIMING The programme will be conducted during weekday evenings (6.30pm – 10.00pm) and Saturdays (8.30am – 6.00pm). CERTIFICATE Participants who have successfully pass all theoretical and practical modules will be awarded a Certificate of Achievement jointly issued by SIPG and SP/NP. EMA LICENSING COMPETENCY ASSESSMENT The “Certificate of Achievement” is required by EMA for participants without the relevant educational qualification. Participants are required to ensure that they satisfy the relevant work experience and pass the “EMA Licensing Competency Assessment” to qualify for an Electrician’s License. Please refer to EMA website for more information on application for Electrician License: https://elise.ema.gov.sg/elise/newworkerapplicationservlet?lic_type=EL Singapore Institute of Power and Gas Pte Ltd UEN: 201427065Z 2 Kallang Sector, Singapore 349277 2 V9_122022 PROGRAMME FEE Full Programme Fee Singapore Citizens and Permanent Residents <40 years old Nett Fee after SSG Funding* Singapore Citizens ≥ 40 years old only Enhanced Training Support for SMEs # Without GST $8,380.00 $2,514.00 $838.00 $838.00 With GST** $9,050.40 $2,715.12 $1,039.12 $1,039.12 * Subjected to SSG’s approval and changes. ** 8% GST applicable for intakes starting from 1 Jan 2023 # For more information on the Enhanced Training Support for Small & Medium Enterprises (SMEs) scheme, please click here. Self-sponsored applicants may use their SkillsFuture Credit (SFC) to offset the programme fee. PROGRAMME SCHEDULE Next intake: February 2023 (Closed) / August 2023 Registration closing date: 4 weeks before programme commencement Application will be considered upon submission of completed application form and all necessary supporting documents. SIPG will contact the applicant after confirmation that all admission criteria are met. SIPG reserves the rights to amend any details relating to the programme without prior notice. For enquiries, contact SIPG at training-institute@spgroup.com.sg or 6916 7930. 3 V9_122022 This page is intentionally left blank 4 V9_122022 Registration Form Licensed Electrician Preparatory Programme PART A: PERSONAL PARTICULARS � Self-Sponsored Applicant ** Full Name (As in NRIC/FIN) ** NRIC/FIN ** Nationality ID Expiry Date (dd/mm/yy) ** Monthly Salary 1 � Company-Sponsored Applicant Gender M / F Date of Birth (dd/mm/yy) Race: Chinese / Malay / Indian / Others: ___________________ ** Contact Number Email Address Address (Residential address for selfsponsored applicants) FOR COMPANY-SPONSORED APPLICANTS ONLY Company Name Company Address Contact Person Designation Contact Number Email Address PART B: PRE-REQUISITES 1. Please indicate your relevant practical work experience: Employer Name Position Held Year of Joining Year of Leaving 2. Please indicate your educational qualifications: Qualification Title Name of Institute Year Completed Please attach relevant supporting documents. (Refer to Annex A for the list of supporting documents required.) 1 Salary range: a) Unemployed b) Below $1,000 c) $1,000 - $1,499 d) $1,500 - $1,999 e) $2,000 - $2,499 f) $2,500 - $2,999 g) $3,000 - $3,499 h) $3,500 and above ** Mandatory field 5 V9_122022 PART C: PAYMENT Payment is only required after the programme has been scheduled for the applicant and applicant has confirmed his/her availability. An invoice with the final amount (after funding, if any) will be sent to the applicant. Modes of payment will be advised at the point of issuing the invoice to the applicant. PART D: DECLARATION By submitting this registration form: - I hereby declare that all information given is true and accurate; - I acknowledge that SIPG shall not be responsible should EMA rejects my application for licensing; and - I agree to the terms and conditions stated below. (i) For Self-Sponsored Application (ii) For Company-Sponsored Application Name: ______________________ Name of Authorised Personnel: _____________________ Signature: ______________________ Signature: _____________________ Company Stamp Date: ______________________ Date: _____________________ PART E: PERSONAL DATA PROTECTION ACT I/We acknowledge and agree that SIPG may collect, use and disclose to any third party any and all particulars relating to my/our personal information for the purposes of (i) providing the requested services in respect of the programme(s), (ii) billing and account management (including debt collection or recovery); (iii) conducting surveys or obtaining feedback; (iv) informing me/us of services and offers by SIPG, its related entities and business affiliates (unless I/we duly inform you otherwise); and (v) complying with all applicable laws and regulations, and business requirements. Name: Signature: Date: TERMS AND CONDITIONS: 1) The company and individual applicant have read and understood the terms of the programme information and registration form. 2) The information collected on this form is used for programme registration, account servicing of programme-related activities and/or for application of programmerelated funding to appropriate funding agencies. 3) This registration form must be submitted to SIPG at least 4 weeks before programme commencement. 4) Payment must be made to SIPG before programme commencement. 5) SIPG reserves the right to amend any details relating to the programme without any prior notice. 6) Request for withdrawal must be made in writing and are subject to approval by SIPG. >5 working days before programme commencement : 100% refund. Less than 5 working days before programme commencement : no refund. 7) Request for transfer/replacement must be made in writing at least 5 working days before programme commencement and is subject to approval by SIPG. SIPG reserves the right to impose an administration fee for such requests. 8) Trainee shall be bound by the terms and conditions of any applicable funding scheme as approved by SIPG. 9) In the event that the trainee fails to meet any of the requirements set under the funding scheme or has been granted funding for the same programme before, thereby resulting that his/her funding application is rejected, the trainee is liable to pay the balance of the full programme fee to SIPG. 10) Photographs of trainees may be taken at the event for SIPG’s marketing materials and other publications. Singapore Institute of Power and Gas Pte Ltd UEN: 201427065Z 2 Kallang Sector, Singapore 349277 6 V9_122022 ANNEX A: LIST OF SUPPORTING DOCUMENTS REQUIRED Please submit all relevant supporting documents along with the application form via email. Note: SIPG reserves the right to reject any application due to incomplete submission of supporting documents. 1 Company Testimonial Letter (To clearly state the years and job scope of relevant electrical works experience) 2 Educational Certificates i) Highest Qualification (Minimum of GCE ‘N’ Level with pass in English and Mathematics or Workplace Literacy and Numeracy (WPLN) Level 5) OR ii) NITEC in Electrical Engineering 7 V9_122022

Advisory for Consumers Switching to Buy Electricity from the Wholesale Electricity Market Through SP Group 1. Switching is not compulsory. There is no deadline for switching, so take your time to understand your options before making a decision. 2. Switching to a retailer will not affect your electricity supply. SP Group will continue to operate the national power grid and deliver electricity to you. 3. If you switch to buy electricity from the Wholesale Electricity Market through SP Group, the electricity rate you pay is uncertain, as it will vary every half hour depending on the prevailing demand and supply situation in the wholesale electricity market. 4. Before you sign up with SP Group to buy electricity at the wholesale electricity price: • Read the Fact Sheet which summarises the key contractual terms. • Ask SP Group to explain the terms and conditions of the contract if you do not understand them. 5. For any dispute with SP Group, you can approach the Consumers Association of Singapore (CASE) for assistance. • Website: www.case.org.sg • Hotline: 6100 0315 (Operating hours: Mon to Fri, 9am to 5pm) Visit www.openelectricitymarket.sg or call 1800-233-8000 for more information Fact Sheet for Non-Standard Price Plan Note: 1) The Energy Market Authority (EMA) requires SP Group to provide you with this Fact Sheet before you enter into an Electricity Supply Contract with SP Group to buy electricity from the Wholesale Electricity Market at the wholesale electricity price. This Fact Sheet provides you with key information about the contract. 2) SP Group must answer any questions you have about this Fact Sheet. 3) Unless otherwise stated, all fees and charges stated in this Fact Sheet are inclusive of the Goods and Services Tax (GST). If there is any change to the GST rate during the contract duration, SP Group reserves the right to update the applicable fees and charges to be inclusive of the prevailing GST rate. A. General Information Name of Electricity Service Provider: SP Group Fact Sheet Version Date: 1 Jan 2023 B. Electricity Price Plan Information Name of Price Plan: Wholesale Electricity Price Type of Price Plan (see footnote 1): This is a Non-Standard Price Plan. The electricity rate to be paid by you is: Non-Standard The electricity rate will be determined based on the Uniform Singapore Energy Price (USEP) and other ancillary charges published by the Energy Market Company (www.emcsg.com) in accordance to the Market Support Services Code. The USEP is the half-hourly energy price in the Singapore Wholesale Electricity Market (SWEM). SP Group must clearly state any incentives (including the terms and conditions) that you will receive if you contract for the electricity price plan (see footnote 2): Not applicable Contract Duration: Automatic Renewal of Contract (see footnote 3): Not applicable The contract has no expiry date. To terminate the contract, simply contact SP Group directly. There will be no charge to terminate the contract. Advanced Meter Required (see footnote 4): No Direct Billing of Electricity Charges by SP Group (see footnote 5): Yes C. Additional Fees or Charges For Electricity Services One-Time Registration Fee: Nil Late Payment Charge: 1% of overdue amount Early Termination Charge (see footnote 6): Nil Any Other Fees and Charges (see footnote 8): 1 Security Deposit (see footnote 7): SP Group will require you to provide a security deposit, and this will be billed to your first bill. The below indicative charges are regulated and approved by the EMA, and will be included in your monthly electricity bill: List of Other Applicable Charges Rate (excl. GST) Rate (incl. 8% GST)* Vesting Contract Debit/Credit Vesting Contract Debit/Credit Variable Variable Transmission Charges for Low Tension Off Peak Period Charge $0.0462 per kWh $0.0499 per kWh Peak Period Charge $0.0594 per kWh $0.0642 per kWh Recurring Market Support Service Charges Meter Reading and Data Management $2.1800 per meter $2.3500 per meter Market Development and Systems Charge $0.0098 per kWh $0.0106 per kWh Retail Settlement Uplift $0.0015 per kWh $0.0016 per kWh *The figures may not reflect the full GST effect due to rounding Refer to www.openelectricitymarket.sg for the list of applicable charges. A one-time installation fee of $43.20 (incl. 8% GST) may be charged if you opt for a smart meter. D. Bundled Product or Services (see footnote 9) There are other products or services bundled with the electricity price plan: No If yes, SP Group should specify below what are the bundled products or services. You should discuss the details with SP Group such as the applicable fees and charges as well as the terms and conditions for accepting the bundled products or services: Not applicable E. Footnotes 1) Please note the differences between a Standard Price Plan and Non-Standard Price Plan. Standard Price Plan Electricity Rates • Inclusive of all applicable charges that vary according to the level of consumption. • Will not change throughout the contract duration. Other Fees and Charges • No recurring charges or fees throughout the contract duration. Non-Standard Price Plan • May not be inclusive of all applicable charges that vary according to the level of consumption. • May change in accordance with the terms and conditions of the contract. • May include recurring charges or fees throughout the contract duration. Contract Duration • 6, 12 or 24 months. • Not limited to 6, 12 or 24 months. Pricing Structure • Fixed Price. Pay a fixed rate (e.g. 20 cents/kWh) for electricity throughout the contract duration. • The electricity retailer may set its own pricing structure, while SP Group can only sell electricity at the USEP. OR • Discount Off the Regulated Tariff. Enjoy a discount off the prevailing regulated tariff (e.g. 5% off) throughout the contract duration. More Information • Visit the Price Comparison Tool at compare.openelectricitymarket.sg to compare the Standard Price Plans offered by different electricity retailers • Visit the electricity retailer’s or SP Group’s website to enquire on Non- Standard Price Plans. 2) SP Group is not allowed to offer any incentive. 3) This contract offered by SP Group has no contract expiry date. 2 4) An advanced meter is a digital meter capable of measuring your electricity consumption every half-hour. It is optional to install an advanced meter to measure your half-hourly electricity consumption unless the price plan you sign up for requires one. The Standard Price Plans do not require an advanced meter. 5) With direct billing, SP Group will bill you directly for electricity supply, and send you a separate bill for the other utilities (such as water and gas supply). 6) SP Group is not allowed to charge you a fee if you terminate the contract. 7) SP Group will require you to provide a security deposit, and this will be billed to your first bill. 8) SP Group will require you to pay other fees and charges, including the prevailing market-related charges. You may refer to www.openelectricitymarket.sg for more information on the market-related charges. 9) SP Group is not allowed to bundle the supply of electricity with other products and/or services. 3

SP partners Pyxis to launch direct-current fast charging point for electric harbour crafts INNOVATION Composite images show the X Tron, an electric harbour craft (e-HC) by Singapore start-up Pyxis (left) and an e-HC charging point by SP Mobility and Pyxis (right). (Images: Pyxis) SP has partnered Pyxis to launch our direct-current fast-charging point for electric harbour crafts in a trial for the Maritime and Port Authority of Singapore. The 150kW direct current charger will be installed at Marina South Pier from March 2024 in a two-year pilot to test the charging concept and operations for full-electric harbour crafts (e-HC) in Singapore. The charging point uses the same technology used in SP Group’s electric vehicle charging stations, with technical improvements for maritime application. Insights from the data collected will also contribute towards formulating national standards to increase the growth of e-HCs in Singapore. Read more: https://www.businesstimes.com.sg/singapore/sp-group-seatriums-vessel-charging-concepts-among-those-picked-mpa-trial-singapore - 9 April 2024 TAGS INNOVATION YOU MIGHT BE INTERESTED TO READ Using GET™ to help Mercatus digitally manage their tenant utilities SP Group is partnering Mercatus Co-operative Limited to deploy SP Digital’s Green Energy Tech (GET™) solutions to Mercatus’ properties. Developing the digital core of sustainable energy solutions From coding to designing systems, Ibrahim develops and manages all the central platforms and systems that power the SP Utilities app, commercial solutions, and internal projects for SP. SP Group awarded BCA grant to power next-gen green buildings SP Group (SP) was awarded a grant by the Building and Construction Authority (BCA) to develop and implement technologies and digital solutions to push the limits of buildings’ energy efficiency standards.

News & Media Releases Latest All Years 12 Mar 2026 Inaugural TOUCH J.A.M. Carnival kicks off with vibrant community celebration 05 Feb 2026 Huawei and SP Mobility unveil ultra-fast EV charging, integrating battery energy storage for high-power charging at locations with power limitations 28 Jan 2026 SP Group donates S$700,000 to spearhead Care Corner’s frailty prevention programme for seniors and augment nutrition and enrichment for children 19 Jan 2026 Mapletree Investments and Mapletree Pan Asia Commercial Trust Appoint SP Group to Build Distributed District Cooling System in HarbourFront Precinct 29 Dec 2025 Electricity Tariff Revision for the Period 1 January to 31 March 2026 04 Dec 2025 SP Group donates $850,000 for preventive outreach to isolated youths, run by Youth Guidance Outreach Services 04 Nov 2025 DSTA Appoints SP Group To Rollout Smart Utilities Management System Across Singapore's Defence Facilities 28 Oct 2025 SP Group hosts regional electricity conference CEPSI 2025 and unveils its Virtual Power Plant pilot 20 Oct 2025 Singapore’s largest industrial district cooling system begins operations to support STMicroelectronics’ decarbonisation strategy 16 Oct 2025 Malaysia and Singapore to Conduct Full Feasibility Study for Second Power Interconnection 1 2 3 4 5 ... 23

Consumption_Elect Average consumption of Electricity (kWh) Premises Types May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 HDB 1-Room 152 149 140 151 148 139 142 128 127 121 119 128 HDB 2-Room 199 195 183 198 192 183 186 166 168 161 156 169 HDB 3-Room 285 277 264 283 277 266 266 243 238 231 231 250 HDB 4-Room 396 383 360 385 381 363 365 338 327 320 309 341 HDB 5-Room 466 448 416 447 446 427 429 397 379 374 359 399 HDB Executive 568 544 515 546 548 520 523 481 462 458 445 495 Apartment 573 543 500 513 539 523 519 486 446 419 417 476 Terrace 900 872 838 847 885 851 851 785 747 744 714 775 Semi-Detached 1,224 1,170 1,128 1,126 1,168 1,137 1,141 1,056 1,000 974 960 1,031 Bungalow 2,360 2,266 2,220 2,121 2,347 2,192 2,190 2,012 2,004 1,872 1,904 2,016 Note: The figures exclude electricity consumption for PAYU customers and customers who are not purchasing electricity at the regulated tariff.

28 June 2013 For Immediate Release MEDIA RELEASE ELECTRICITY TARIFF REVISION FOR THE PERIOD 1 JULY TO 30 SEPTEMBER 2013 1. For the period from 1 Jul to 30 Sep 2013, electricity tariffs will decrease by an average of 2.9%. 2. The tariff reduction is due to lower cost of natural gas used for electricity generation, which fell by 5.1% compared to the previous quarter. 3. The electricity tariff for households will decrease by 2.8% in Q3 2013 from 26.70 to 25.95 cents per kWh. The average monthly electricity bill for families living in fourroom HDB flats will decrease by $3.08 (see Appendix 3 for the average decrease for different household types). 4. SP Services reviews the electricity tariffs quarterly based on guidelines set by the Energy Market Authority (EMA), the electricity industry regulator. The latest tariffs given in Appendix 1 have been approved by the EMA. _______________________________________________________________________________________________________ Issued by: SP Services Limited 10 Pasir Panjang Road #03-01 Mapletree Business City Singapore 117438 Co. Reg No : 199504470N www.spservices.com.sg SP Services Ltd 10 Pasir Panjang Road #03-01 Mapletree Business City Singapore 117438 Tel (65) 6378 8888 www.spservices.com.sg Co. Registration No.: 199504470N Appendix 1 REVISION OF ELECTRICITY TARIFFS FROM 1 JULY 2013 SP Services Ltd 10 Pasir Panjang Road #03-01 Mapletree Business City Singapore 117438 Tel (65) 6378 8888 www.spservices.com.sg Co. Registration No.: 199504470N Appendix 2 BREAKDOWN OF ELECTRICITY TARIFF 1. The electricity tariff consists of the following four components: a) Energy cost (paid to the generation companies): This component is adjusted quarterly to reflect changes in the cost of power generation. b) Network cost (paid to SP PowerAssets): This fee is reviewed annually. c) Market Support Services Fee (paid to SP Services): This fee is reviewed annually. d) Market Administration and Power System Operation Fee (paid to Energy Market Company and Power System Operator): This fee is reviewed annually to recover the costs of operating the electricity wholesale market and power system. Q3 2013 TARIFF Energy Costs 20.68¢/kWh Decreased by 0.75 ¢/kWh Generation Companies Network Costs 5.05¢/kWh MSS Fee 0.17¢/kWh Market Admin & PSO Fee 0.05¢/kWh No Change No Change No Change SP PowerAssets SP Services Power System Operator & Energy Market Company SP Services Ltd 10 Pasir Panjang Road #03-01 Mapletree Business City Singapore 117438 Tel (65) 6378 8888 www.spservices.com.sg Co. Registration No.: 199504470N Appendix 3 AVERAGE DECREASE IN MONTHLY ELECTRICITY BILLS OF DOMESTIC CUSTOMERS (TARIFF REVISION WEF 1 JULY 2013) Types of Premises Average monthly consumption per Customer Average Monthly Bill New Average Bill Average Decrease in Monthly Bill kWh $(a) $(b) $(b-a) % HDB 1 Room 132.21 35.30 34.31 0.99 2.8 HDB 2 Room 189.68 50.64 49.22 1.42 2.8 HDB 3 Room 300.43 80.21 77.96 2.25 2.8 HDB 4 Room 410.23 109.53 106.45 3.08 2.8 HDB 5 Room 479.53 128.03 124.44 3.60 2.8 HDB Executive 577.94 154.31 149.97 4.33 2.8 Apartment 710.03 189.58 184.25 5.33 2.8 Terrace 1,016.80 271.48 263.86 7.63 2.8 Semi-Detached 1,313.17 350.62 340.77 9.85 2.8 Bungalow 2,603.84 695.23 675.70 19.53 2.8 SP Services Ltd 10 Pasir Panjang Road #03-01 Mapletree Business City Singapore 117438 Tel (65) 6378 8888 www.spservices.com.sg Co. Registration No.: 199504470N

SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Charging Up a Cleaner Energy Future SUSTAINABILITY Olivia Oo, Director of SP Group's Mobility team, at one of SP’s electric vehicle charging stations. Observe Olivia Oo and you will notice the ease with which she switches between handling commercial engagements and making operational decisions. The Director of SP Group's Mobility team is an electrical engineering graduate turned business intrapreneur. In her previous role at the Economic Development Board, Olivia had been involved in designing and implementing Singapore’s clean energy strategy. She now enjoys rolling up her sleeves to bring clean energy initiatives to life and unlocking new SP business offerings for customers. With the Budget 2020 announcement to phase out fuel-powered vehicles and the installation of 28,000 charging points by 2030, she believes that more car owners will seek to convert to greener vehicles and enjoy cost savings. This is also fuelled by advances in energy storage and the push by many global cities to lower their carbon footprint. Globally, EVs are expected to account for 57 percent of all passenger car sales, and over 30 per cent of the global passenger vehicle fleet will be electric[1]. Details of SP’s EV charging points can be found in SP Utilities app. Olivia is focused on expanding the EV charging network, enhancing operational efficiencies and strengthening customer engagement. She likens her role to that of a founder of a start-up who has to constantly think about the broader strategy and direction for the business while managing day-to-day, but no less critical, aspects like technical operations, customer service, installation, testing and commissioning.  In this respect, she is very thankful to have a capable team, pioneering what they believe is the future of transportation in Singapore. Technical Officers Teddy Ling (left) and Neo Kai Neng carrying out maintenance work on an EV charger. “Electric mobility is the future and here to stay. The team understands our duty is in laying the groundwork for a cleaner future for Singapore. Increasing access island-wide to EV charging infrastructure and fast charging is the precursor to encouraging more people to adopt EVs in their daily lives,” says Olivia. Click here to watch Olivia, as she joins 11-year-old Oliver Chua - a budding climate change activist - on an adventure to learn how Singapore is on track to join the world in reducing carbon emissions. — 26 May 2020 [1] Source: Electric Vehicle Outlook 2019 by Bloomberg New Energy Finance TAGS ELECTRIC VEHICLESSUSTAINABILITY YOU MIGHT BE INTERESTED TO READ SP Group marks 20 years of Marina Bay district cooling network operations, with plans for expansion SP Group Strengthens EV Charging Network with Full Acquisition of ChargEco SP Group partners KBC to study and develop Vietnam's first district cooling system for industrial parks

THE STRAITS TIMES SP Group partners Chengdu district government to develop smart eco-district Artist's impression of the International Urban Design Centre in Wuhou district in Chengdu, China. PHOTO: THREE KINGDOMS THEMED INNOVATION PARK MANAGEMENT COMMITTEE OF WUHOU DISTRICT, CHENGDU Janice Heng PUBLISHED JUL 13, 2021, 10:44 PM SGT SINGAPORE (THE BUSINESS TIMES) - Singapore's national grid operator SP Group is partnering Wuhou district in Chengdu, China, to develop a smart-eco district, with an initial project worth S$110 million, it said in a statement on Tuesday. SP signed two memoranda of understanding (MOUs) with the district government, and was appointed the energy and building solutions partner for International Urban Design Centre (IUDC) in Wuhou. Under the MOUs, SP will be the sustainable-energy solutions partner to the district government, providing smart solutions in line with the city's urban renewal master plan. There is an estimated rejuvenation pipeline of over 630,000 sq m in gross floor area over the next five years, said SP. In the first phase of the partnership, SP will design, build, own and operate an integrated energy solution that includes district cooling and heating systems, smart metering, energy management and monitoring for IUDC over the next 25 years, at an estimated total contract value of S$110 million. The IUDC consists of four existing buildings with an estimated gross floor area of 48,000 sq m.