Keppel to develop Singapore’s first hydrogen-ready power plant

KEPPEL Infrastructure Holdings, via its unit Keppel Energy, is developing Singapore’s first hydrogen-ready power plant, which will cost S$750 million.

The 600 megawatt (MW) state-of-the-art, advanced combined cycle gas turbine (CCGT) power plant will be constructed by a consortium comprising Mitsubishi Power Asia Pacific and Jurong Engineering, and will be located on Jurong Island. Mitsubishi Power was also awarded a long-term service contract for major maintenance of the turbine. 

In line with Keppel’s asset-light business model, the plant will be owned by Keppel Sakra Cogen (KSC), which is a wholly-owned indirect subsidiary of Keppel Infrastructure. Keppel Asia Infrastructure Fund and Keppel Energy will hold stakes of 70 per cent and 30 per cent in KSC respectively. KSC and Keppel Energy will also ink a turnkey contract for the development of the plant.