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BRIEF-Sembcorp Industries Secures Long-Term Power Purchase Agreement With Micron Semiconductor Asia Operations

Reuters SG

Feb 27 (Reuters) - Sembcorp Industries Ltd:

* SECURES LONG-TERM POWER PURCHASE AGREEMENT AND ISSUES LIMITED NOTICE TO PROCEED WITH HYDROGEN-READY POWER PLANT

* UNIT HAS SECURED A POWER PURCHASE AGREEMENT WITH MICRON SEMICONDUCTOR ASIA OPERATIONS PTE LTD

* 18-YEAR AGREEMENT TO SUPPLY MICRON WITH UP TO 450MW OF POWER WILL BE ACCRETIVE TO EARNINGS FOR FY ENDING DECEMBER 31, 2023 Source text for Eikon: Further company coverage: