By Yang Huiwen

SINGAPORE'S largest and oldest power plant was sold to a five-member group of foreign investors yesterday for almost $4 billion.

A Japanese-led consortium emerged as the winning bidder for Senoko Power - owned by Temasek - after a highly competitive two-month bidding and selection process.

The winning group includes French GDF Suez, operator of Europe's largest natural gas network, and Japanese trading house Marubeni Corporation. The companies hold 30 per cent each. Two Japanese firms, Kansai Electric Power and Kyushu Electric Power, hold 15 per cent each while Japan Bank for International Cooperation holds 10 per cent.

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