UK Power Reserve (UKPR)

Analysts in favour of Sembcorp Industries' latest UK acquisition for earnings & growth prospects

SINGAPORE (June 4): CGS-CIMB Research and DBS Vickers Securities are maintaining their “add” and “buy” calls on Sembcorp Industries as they like the group’s latest acquisition of UK Power Reserve (UKPR), the UK’s largest flexible distributed energy generator.

The deal marks one of the first major steps the group has taken in recycling its utilities assets post its strategic review in early-2018.

Sembcorp to acquire UK Power Reserve for $385 mil

SINGAPORE (May 31): Sembcorp Industries is acquiring UK Power Reserve (UKPR) for £216 million ($385 million).

UKPR is UK’s largest flexible distributed energy generator. It owns and operates a portfolio of highly flexible distributed energy generation projects across 32 locations in England and Wales, with 533MW in operation and a further 480MW in construction and under development.

This combined portfolio of over 1,000MW comprises small-scale, fast-ramping power generation assets and rapid response batteries.

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