Keppel Infrastructure

Under the deal, PV solar panels will be installed in the REIT’s selected properties.

KDHSC owns 42% of the shares in the joint venture firm.

The company will pay an aggregate amount of $42.6m for the acquisition.

The parties will study the technological and economic feasibility of its development.

The building is expected to yield about 600,000 kWh/year of renewable energy.

The study will be conducted alongside Mitsubishi Heavy Industries and DNV.   Keppel New Energy, a wholly owned subsidiary of Keppel Infrastructure, will explore the use of 100% ammonia as a fuel for a gas turbine or combined cycle gas turbine (CCGT) alongside Mitsubishi Heavy Industries (MHI) and global independent energy expert, DNV.    The parties will conduct the high-level Quantitative Risk Assessment on Jurong Island.   Under the memorandum of understanding (MoU) signed by Keppel New Energy will study the feasibility of ammonia fuelled power plant, whilst MHI will develop an ammonia-fired gas turbine that produces carbon-neutral power.   DNV, for its part, will lend its assurance and risk management expertise to prepare and present a QRA analysis on the project.   Through the MoU, Keppel, MHI, and DNV aim to draw up robust assessment guidelines to ensure the safety and sustainability of ammonia as a clean fuel, while maintaining high efficiency and low NOx emissions for use in a gas turbine system for power generation.

The power plant will become operational in 2026.

The renewable hydropower was imported from Lao PDR via Thailand and Malaysia.

The partnership also includes educational and training opportunities for students.

The company inked a S$50m contract for its launch at Perennial Business City.

This is in line with the Singapore Green Plan 2030.

This sale will give Keppel Infrastructure Trust 100% stake in the SingSpring Desalination Plant.