THE National Environment Agency (NEA) on Monday signed a
waste-to-energy services agreement with a consortium comprising Hyflux
and Mitsubishi Heavy Industries (MHI).
The consortium, through
its project company, TuasOne Pte Ltd, will build Singapore's sixth
waste-to-energy (WTE) plant and will provide waste-to-energy services to
NEA over a 25-year period from 2019 to 2044.
Hyflux owns a 75 per cent stake in TuasOne while MHI owns the remaining 25 per cent.
plant will be Singapore's largest. It will have a capacity to
incinerate 3,600 tonnes of waste and generate 120MW of electricity per
day. It will also be the most land-efficient, sitting on 4.8 hectares of
Construction work is expected to start in early 2016 and end in
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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