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Keppel to develop Singapore’s first hydrogen-ready power plant
Keppel Infrastructure has been awarded an engineering, procurement, and construction (EPC) contract to develop a 600MW state-of-the-art, advanced combined cycle gas turbine (CCGT) power plant.
A consortium comprising Mitsubishi Power Asia Pacific and Jurong Engineering awarded the EPC contract to Keppel.
The Keppel Sakra Cogen Plant, to be built in the Sakra sector of Jurong Island, 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. Ltd. (KSC), a wholly-owned indirect subsidiary of Keppel Infrastructure.
Keppel Asia Infrastructure Fund LP (KAIF) and Keppel Energy will hold 70 percent and 30 percent equity interests in KSC.
In addition, KSC and Keppel Energy will enter into a turnkey contract for developing the Keppel Sakra Cogen Plant.
The total investment for the Keppel Sakra Cogen Plant is expected to be around S$750 million.