(EnergyAsia, February 14 2012, Tuesday) — Singapore Power Limited (SP) said it has appointed board member Mohamed Hassan Marican as its next chairman to succeed Ng Kee Choe who will retire on June 12.

Mr Hassan Marican, who served as President and CEO of Malaysian state oil and gas firm Petronas from 1995 to 2010, joined Singapore Power’s board on February 15 2011. He is also a director of SembCorp Industries Limited, SembCorp Marine Limited, Sarawak Energy Berhad and ConocoPhillips.

The SP Group said that under Mr Ng’s leadership, it made “significant progress” by increasing the value of its assets from S$13.7 billion in 2000 to S$31.1 billion in 2011, raising the Singapore electricity network to world-class standards and building up a major presence in Australia.

The company said Mr Ng will remain as chairman and a board director of Australian subsidiary SP AusNet.