By Robin Chan

THE battle to buy the third and final of the electricity generation companies (gencos) being sold by Temasek Holdings is now under way.

The Singapore investment company announced yesterday that it has begun the sale process for PowerSeraya. The other two gencos were sold earlier this year.

Interest in PowerSeraya is set to be strong as this will be bidders' last chance to get their hands on one of the three largest gencos in Singapore. Together, the three account for over 80 per cent of Singapore's electricity generating capacity.

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