(EnergyAsia, May 7 2013, Tuesday) — Singapore’s first liquefied natural gas (LNG)-fired power plant is on course for a full start-up in the fourth quarter, said owner PacificLight Power Pte Ltd, previously known as GMR Energy.

The 800MW combined-cycle plant on Jurong Island will sell electricity at prices based on crude or high-sulphur fuel oil, said the company, which is 30% owned by Malaysia’s Petronas Power Sdn Bhd and 70% by FPM Power Holdings Limited.

FPM Power is jointly owned by Hong Kong-based First Pacific Company Ltd and a subsidiary of Philippines’ Manila Electric Co.

“With the opening up of Singapore’s electricity market, an increasing number of consumers are expecting better customer service and competitive prices. PacificLight is well-prepared in this new landscape and is committed to create more value by providing tailored energy solutions for our customers,” said PacificLight CEO Yu Tat Ming.