Bridging loans sought for Singapore desalination plant
01 Jun 11 by desalination
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.
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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