Keppel Infrastructure Fund Management, the trustee-manager of Keppel Infrastructure Trust (KIT), has entered into a conditional sale and purchase agreement with Hyflux to acquire the remaining 30 percent stake in SingSpring Desalination Plant in Singapore for $12 million.
Currently, KIT owns the other 70 percent stake.
Located in Tuas, SingSpring Desalination Plant is Singapore’s first large-scale seawater desalination plant and is capable of supplying up to 136,380 square meters of desalinated potable water per day. The plant commenced commercial operations in December 2005 and uses cost and energy-efficient reverse osmosis technology.
At the time of its completion, it was the largest membrane-based seawater desalination plant in the world with one of the largest reverse osmosis trains.
“The strategic acquisition of the remaining 30 percent stake in SingSpring Desalination Plant will enhance the operational and business continuity of the asset, and a
