With the new year finally here, several nations are contemplating the future of their energy sector amid calls to diversify and decarbonize the global energy sector to reach emission goals. Now, one of Asia’s economic powerhouses, Singapore, has revealed its plans to construct a massive 600 MW hydrogen-ready power plant with a targeted 2026 start-up date. The renewable energy sector has been growing at an astonishing pace over the past decade or so, and with Indonesia planning the turn-key hydrogen project, the future of the sector is looking bright.
Keppel Energy has reached a Final Investment Decision on a new hydrogen project in Singapore
Keppel Energy recently revealed that it has reached an FID on the 600 MW advanced combined cycle gas turbine (CCGT) power plant in Singapore, marking a milestone achievement for the nation as it aims to reach emission targets in the near future. The firm has awarded the engineering, procurement, and construction (EPC) contract to a consortium of companies, including Mitsubishi Power Asia Pacific and Jurong Engineering.
The new project will be constructed in the Sakra sector of Jurong Island and will feature state-of-the-art technology in the energy industry, making the Keppel Sakra Cogen Plant one of the most advanced anywhere in the world. The aim is for Keppel Asia Infrastructure Fund LP to hold a 70% stake in the project, with Keppel Energy holding the remaining 30%.
The new Keppel Sakra Cogen Plant represents nearly a billion-dollar investment in the nation’s renewable energy sector
In addition to the development contract being awarded to the consortium of companies, Keppel Energy and the KSC (Keppel Sakra Cogen) will enter into a turn-key contract for the development of the Keppel Sakra Cogen Plant, which is estimated to cost approximately S$750 million. Singapore’s renewable energy dream is steaming forward at full pace.
