Keppel to develop Singapore's first hydrogen-ready power plant, with construction undertaken by Mitsubishi Power and Jurong Engineering consortium
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Thursday, September 1, 2022
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To be built in the Sakra sector of Jurong Island, the Keppel Sakra Cogen Plant will be the first hydrogen-ready power plant in Singapore.
Key Points:
- To be built in the Sakra sector of Jurong Island, the Keppel Sakra Cogen Plant will be the first hydrogen-ready power plant in Singapore.
- In line with Keppel's asset-light business model, the Keppel Sakra Cogen Plant will be owned by Keppel Sakra Cogen Pte.
- It is intended that Keppel Asia Infrastructure Fund LP (KAIF) (Note1) and Keppel Energy will hold 70% and 30% equity interests in KSC respectively.
- In addition, KSC and Keppel Energy are scheduled to enter into a turnkey contract for the development of the Keppel Sakra Cogen Plant.