Bridging loans sought for Singapore desalination plant

Singapore-based EPC contractor Hyflux Ltd is negotiating with its financiers to find up to Sing$ 800 million (US$ 650 million) in bridging loans to fund construction of Singapore's Tuaspring desalination plant and a 400 MW gas-fired power plant, according to IFRAsia on 31 May 2011.

Conceptual image of the Tuaspring desalination plant

Conceptual image of the Tuaspring desalination plant

Banks involved reported to be ANZ, BNP Paribas, Bank of Tokyo-Mitsubishi UFJ, DBS Bank, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corp

The 70 MIGD (318,500 m³/d) desalination plant, to be located in Tuas, will be Singapore's second. It is expected to commence operations in 2013 with a first-year price for the desalinated water at Sing$ 0.45/m³ (US$ 0.37/m³).

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