CICT Appoints Temasek Unit as New Operator of EV Charging Stations at Five Malls

MT Newswires

04/08

CapitaLand Integrated Commercial Trust (SGX:C38U) signed a deal to replace TotalEnergies Charging Services with SP Mobility as operator of its electric vehicle charging stations at five of its malls in Singapore, according to a Wednesday filing with the Singapore Exchange.

Under the arrangement, SP Mobility, a subsidiary of Singapore's state-owned investment firm, Temasek, will run EV charging services at Clarke Quay, Plaza Singapura, Raffles City Singapore, Funan, and Westgate.

SP Mobility will pay CapitaLand's malls a contract value of up to SG$329,186 as operating services fees as part of the contract.

The agreement allows EV charging services at the malls to continue after TotalEnergies stops operations in Singapore, the filing said.

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