Keppel Infrastructure Trust’s concession agreement for Senoko WTE plant extended by three years

Felicia Tan01-29

The total contract value – including the one-year extension – is approximately $300 million. Keppel Infrastructure Trust (KIT)’s concession agreement with the National Environment Agency (NEA) for the...

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Keppel Infrastructure Trust (KIT)’s concession agreement with the National Environment Agency (NEA) for the...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/contracts/keppel-infrastructure-trusts-concession-agreement-senoko-wte-plant-extended-three?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keppel Infrastructure Trust’s concession agreement for Senoko WTE plant extended by three years</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nKeppel Infrastructure Trust’s concession agreement for Senoko WTE plant extended by three years\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-29 12:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/contracts/keppel-infrastructure-trusts-concession-agreement-senoko-wte-plant-extended-three?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Felicia Tan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The total contract value – including the one-year extension – is approximately $300 million. Keppel Infrastructure Trust (KIT)’s concession agreement with the National Environment Agency (NEA) for the...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/contracts/keppel-infrastructure-trusts-concession-agreement-senoko-wte-plant-extended-three?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999016042.SGD","symbol_name":"Schroder Singapore Trust A Acc SGD","start_time":0,"source_url":"https://www.theedgesingapore.com/news/contracts/keppel-infrastructure-trusts-concession-agreement-senoko-wte-plant-extended-three?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2407584711","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2407584711","pubTimestamp":1706501118,"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The total contract value – including the one-year extension – is approximately $300 million. ","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","NEA":"Nuveen AMT-Free Municipal Inco","SG9999003826.SGD":"日兴资管新加坡股息基金 SGD","SG9999003461.SGD":"United Asia Pacific Infrastructure SGD","SGXZ58947870.SGD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (SGDHDG) INC","SG9999001127.SGD":"United Singapore Growth Fund SGD","BK6102":"燃气公用事业","SG9999002950.SGD":"United Asian Growth Opportunities SGD","BK6111":"工业集团企业","SG9999004360.SGD":"Nikko AM Shenton Thrift Fund SGD","BK4197":"燃气公用事业","BK6501":"化工股","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","A7RU.SI":"吉宝基础设施信托","SG9999001069.SGD":"UOB UNITED ASIA PACIFIC GROWTH (SGD) ACC","KPLIF":"Keppel Infrastructure Trust","SG9999006266.SGD":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","SG9999000343.SGD":"Schroder Singapore Trust A Dis SGD","SG9999013478.USD":"利安新加坡股息基金","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","SG9999001135.SGD":"United ASEAN Fund SGD","SG9999014302.SGD":"RHB Singapore Income Fund SGD","BK6523":"ESG概念","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","BK6505":"周期性消费品与消费者服务","SG9999014492.USD":"NIKKO AM ASEAN EQUITY \"A\" (USD) ACC","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","BN4.SI":"吉宝有限公司"},"translate_title":"吉宝基建信讬将Senoko垃圾焚烧发电厂的特许经营协议延长三年","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"A7RU.SI":1,"BN4.SI":1,"KPLIF":1,"NEA":1},"content_text":"The total contract value – including the one-year extension – is approximately $300 million. Keppel Infrastructure Trust (KIT)’s concession agreement with the National Environment Agency (NEA) for the Senoko waste-to-energy (WTE) plant has been extended for another three years. The agreement also comes with an option to further extend for up to one year.\nThe total contract value – including the one-year extension – is approximately $300 million. Of the amount, $80 million will go towards the refurbishment of the plant.\nKIT, through its trustee-manager, has appointed Keppel Seghers to refurbish the key components of the plant to ensure safe and reliable operations. Keppel Seghers is the environmental technology and engineering solutions of Keppel’s infrastructure division. It is also the plant’s current operations and maintenance (O&M) operator and will have its service contract for O&M extended by three years with the option to extend for another year.\n“We are pleased to secure the extension of the Senoko WTE concession from NEA for another three years, beyond its current expiry in August 2024. It is a good outcome, which will enable the plant to continue supporting Singapore’s waste management strategies while contributing steady and predictable cash flows to KIT,” says Kevin Neo, CEO of the trustee-manager.\n“We look forward to the continued collaboration with NEA and Senoko WTE Plant’s operator, Keppel Seghers, to ensure that all the required performance and service standards are met,” he adds.\n“As the operator of Senoko WTE Plant for the past 14 years, Keppel is well-placed to leverage its experience and technical know-how to refurbish the Senoko WTE Plant to ensure safe and reliable operations. This is a reflection of how Keppel’s strong operating capabilities complement our fund management platform, allowing us to harness synergies and create value for both Keppel and KIT’s unitholders,” says Jackson Goh, managing director, environment of Keppel’s infrastructure division.\nThe Senoko WTE plant is the third WTE plant built in Singapore and one of four WTE plants that Keppel is currently operating globally.\nCommissioned in 1992 with a land area of 7.5 hectares, the plant has a capacity of treating 2,310 tonnes of waste per day and is equipped with six incinerator-boiler units with two condensing turbine-generators offering a maximum power generation capacity of 2 x 28 MW.\nUnits in KIT closed flat at 50.5 cents on Jan 29.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2407584711"}