Hyflux: Announced that it has been named the preferred bidder by PUB, to design, build, own and operate SG’s second and largest seawater desalination plant in Tuas for a concession period of 25 yrs.The product water will be supplied to PUB at a first-year price of $0.45 per cubic metre based on the warranted capacity of 318,500 cubic metres/day. Hyflux will also be constructing a 411MW combined cycle gas turbine power plant to supply electricity to the desalination plant…..
Total project cost of the desalination plant and power plant is $890m, and will be funded through a combination of equity and project financing. Construction is slated to start by 4Q11, and project is scheduled to commence operations by 2013. Project demonstrates Hyflux’s ability to put together a technologically advanced and cost efficient solution while combining a sound financial offering that meet client’s requirements….
The project is expected to have a material financial impact on Hyflux for FY11.
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