Corporate digest
Keppel Corporation
KEPPEL Corporation has inked a 25-year water purchase agreement with national water agency PUB for Singapore's fourth desalination plant. This was via Marina East Water, a wholly owned subsidiary of Keppel Infrastructure Holdings. To be located in Marina East, the desalination plant will be constructed under a design, build, own and operate model and is expected to be operational in 2020. When completed, the plant will be able to produce 137,000 cubic metres (about 30 million gallons) of fresh drinking water per day.
The plant will be the first in Singapore with the ability to treat sea water and fresh water from the Marina Reservoir, by using reverse osmosis and other advanced membrane technology, Keppel said.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
S&P slashes Boeing credit outlook as rating hovers above junk status
Honda to spend US$11 billion on EV strategy in Canada
GlaxoSmithKline sues Pfizer and BioNTech over Covid-19 vaccine technology
Mapletree Industrial Trust Q4 DPU rises 0.9% to S$0.0336
Nasdaq’s profit falls as shaky economy keeps IPO revival elusive
iFast Q1 net profit surges on ePension unit performance