As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Thursday, 21 October 2010

Keppel Merlimau Cogen commences 800 MW expansion

SINGAPORE, 21 October 2010 – Keppel Energy Pte Ltd (Keppel Energy), a whollyowned subsidiary of Keppel Corporation Limited, will commence the 800 MW expansion of its natural gas-fired Keppel Merlimau Cogen plant (KMC), on Jurong Island.

Expected to be completed by 2013, the expansion will boost KMC’s generation capacity to 1,300 MW from its current capacity of 500 MW.

When completed, KMC will be fuelled by both piped natural gas and Liquefied Natural Gas (LNG) to be supplied from the new Jurong Island LNG terminal. The total investment is expected to be around S$900 million. Keppel Energy will be using internally generated cash and external borrowings to fund the expansion.

Dr Ong Tiong Guan, Managing Director of Keppel Energy, said, “The expansion of KMC is a significant milestone in our growth strategy. With the expansion, Keppel Energy will be able to capture opportunities from the evolving energy market in Singapore.”

The turnkey contract for the expansion was awarded to ALSTOM Power Singapore Pte Ltd and ALSTOM (Switzerland) Ltd. A long-term service contract for major maintenance of turbines has also been awarded to ALSTOM Power O&M Ltd and ALSTOM Power Singapore Pte Ltd.

The above-mentioned contracts are not expected to have material impact on the net tangible assets or earnings per share of Keppel Corporation Limited for the current financial year.

No comments:

Post a comment

Related Posts with Thumbnails