The latest update is out from First Pacific Co ( (HK:0142) ).
First Pacific Co announced that its subsidiary, PacificLight Power Pte. Ltd. (PLP), has issued a conditional letter of award (CLOA) to a contractor for the engineering, procurement, and construction (EPC) of a CCGT power project in Singapore. This project, scheduled to commence operations in January 2029, will be the largest and most efficient of its kind in Singapore, enhancing PLP’s competitiveness and growth. The contract, valued at approximately US$564.1 million, will be executed on a milestone basis, with additional payments possible if PLP opts to purchase certain equipment. The transaction is considered discloseable under Hong Kong’s Listing Rules, requiring reporting and announcements.
More about First Pacific Co
First Pacific Co is a company incorporated under the laws of Bermuda, with significant economic interests in PacificLight Power Pte. Ltd. (PLP), which operates in the energy sector. PLP focuses on power generation projects, particularly in Singapore, where it is developing a combined cycle gas turbine (CCGT) facility on Jurong Island.
YTD Price Performance: 17.88%
Average Trading Volume: 20,207
Technical Sentiment Signal: Sell
Current Market Cap: $2.79B
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