Prysmian is a high-voltage submarine and underground cable system company. Sarawak Energy Services is a subsidiary of Sarawak Energy, Malaysia’s largest renewable energy developer.
The company says that the signing of the agreement is not expected to have any material impact on the earnings per share and the net tangible assets per share of Sembcorp for the financial year ending Dec 31, 2025.
The power import will be subject to various regulatory approvals.
Shares in Sembcorp closed 5 cents lower or 0.806% down at $6.15 on March 19.
