Energy Market Authority of Singapore Act 2001

SECOND SCHEDULE

Section 7(1)

Powers of Authority

1. To form or participate in the formation of —

(a)	any company, joint venture or partnership for the purpose of carrying out all or any of the functions of the Authority; and
(b)	with the approval of the Minister, any company, joint venture or partnership for such other purposes as may be approved by the Minister.

1A. To construct, acquire (whether by purchase, lease or otherwise), develop, manage (including by leasing out for use) or operate any movable or immovable property as the Authority considers necessary for the discharge of its functions and duties.

[Act 37 of 2021 wef 29/01/2022]

2. To sell, with the approval of the Minister, any immovable property if the Authority thinks that the sale of the immovable property is necessary or expedient for the purpose of carrying out its functions under this Act.

3. To make provision for the training of employees and to award scholarships, bursaries and study grants to such persons as the Authority considers fit.

4. To grant loans to employees of the Authority for purposes specifically approved by the Authority.

5. To make provision for welfare benefits, gratuities, pensions, provident funds, allowances or other superannuation benefits for employees or former employees (or their dependants) of the Authority.

6. To do anything incidental to any of its duties and functions.

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