Were senior executives paid millions in bonuses from Temasek’s $11.65 billion sale of 3 power stations in 2008?

These 3 power stations (table below) were constructed using mostly CPF funds.

But shortly after their transfer to Temasek at undisclosed prices,  they were all sold to foreign companies.

If they had been transferred at rock-bottom prices – similar to POSB – Temasek could have credited senior executives for the massive profits earned.

Since Temasek management are paid a cash bonus and “Wealth Added” bonus, the sale of power stations could have reaped millions in bonus for each senior executive.

temasek power stations1

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