PowerSeraya and UPAGE Sign Collective Agreement 2007-2010

30 August 2007

PowerSeraya and UPAGE came together on 30 August 2007 to sign the PowerSeraya-UPAGE Collective Agreement (CA) covering the period 2007-2010. The CA which marks an important milestone in the relations between UPAGE and PowerSeraya, focuses on employment terms and conditions e.g. remuneration structure, leave scheme and medical scheme.

Speaking on the signing of the CA, Abdul Rahman Mahbob, President of UPAGE said, "In view of the challenges facing the generation companies, the Union reached an understanding with the PowerSeraya Management for the CA to remain status quo. We felt the benefits covered under the current CA provided our members with good coverage under any circumstances." Tay Seng Chye, Vice-President of UPAGE added, "The CA is symbolic of a three-year guarantee of worker's welfare. Even with the impending sale of the Gencos, workers can be at ease that their interests will be protected for the next three years."

The signing ceremony was witnessed by PowerSeraya staff, PowerSeraya Branch Officials and members of the UPAGE Executive Committee, including Mr Sin Boon Ann, Special Advisor to the Union of Power and Gas Employees and Member of Parliament.

At the signing ceremony , PowerSeraya Managing Director Neil McGregor announced the setting up of the annual Nithiah Nandan Book Prize as a tribute to the late Mr A. Nithiah Nandan, the former Executive Secretary of UPAGE who passed on in June 2007. This book prize to be launched in 2008 will be opened to employees of PowerSeraya and their children who have demonstrated personal leadership and excellence in selected areas, including community involvement. Adds Mr McGregor, "This award is an apt tribute to a man who had been a strong advocate of lifelong education and dedicated himself to promoting education and upskilling of workers. We hope that through this Book Prize, many will be inspired by Nithiah's humble beginnings and passion for people's well being." Mrs Vimalla Nandan who attended the ceremony with her two daughters and son-in-law shared, "Upgrading of worker's skills had been Nithiah's top priority. We are proud of his dedication to this cause and are deeply touched that his memory will remain through this Book Prize. We hope that the recipients of the Book Prize will be inspired to continuously upgrade themselves and strive to achieve better success in their lives."

PowerSeraya is in partnership with the Union to build an even more productive and responsive workforce. As the Company progresses towards its vision of becoming a leading integrated energy company, UPAGE will continue to be, an important partner in our drive to build a better company and a more rewarding place to work in.