Keppel Infrastructure Trust (SG:A7RU) has released an update.
Keppel Ltd and Keppel Infrastructure Trust are set to revise and prolong their Capacity Tolling and Operations & Maintenance agreements for the Keppel Merlimau Cogen Plant until 2040 and 2044 respectively, promising to solidify Keppel’s standing as a leading energy provider in Singapore. These extensions are poised to secure over $1 billion in capacity payments, bolster refinancing of existing loans, and enhance shareholder value. Additionally, the plant’s recent upgrades and potential for hydrogen co-firing signal a commitment to advancing Singapore’s power sector decarbonization.
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