KIT unit Basslink's undersea cable out of service until October
Singapore
BASSLINK'S undersea electricity cable will be offline until mid-October after a failure in a low voltage metallic return cable caused a trip last Saturday, the Australian subsidiary of mainboard-listed Keppel Infrastructure Trust (KIT) said on Monday evening.
The failure is located in an above-ground section of the low voltage cable in the Gifford, Victoria tran-sition station, and Basslink is currently preparing a plan for the repair, including further testing which will better inform the return-to-service date.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Stocks to watch: Frasers Hospitality Trust, AEM, ARA H-Trust, Mermaid Maritime
Frasers Hospitality Trust H1 DPS falls 13.7% to S$0.01091 on higher finance costs
Manulife profit beats on growth in Asia, wealth management
Hong Kong woos Saudi money in attempt to revive stock market
AMC reports first-quarter loss with fewer studio film releases
Robinhood beats profit estimates on interest income strength