Hyflux looking for Tuaspring desalination finance

Singapore desalination provider Hyflux Ltd announced on 11 January 2013 that it was starting financing discussions for the Sing$ 1.05 billion (US$ 855 million) Tuaspring Desalination Plant in Singapore.

With a designed capacity of 318,500 m³/d, Tuaspring will be one of the region's largest seawater reverse-osmosis desalination plants. Tuaspring Pte Ltd, a wholly-owned subsidiary of Hyflux, is developing the plant under a design, build, own and operate model

It will be supplying desalinated water to PUB, Singapore's national water agency, over a 25-year period under the terms of the water purchase agreement that was signed with PUB in April 2011. Hyflux says that the development and construction of the desalination plant is "on track".

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