{
  "id": 19423845,
  "title": "Keppel Infrastructure Trust to acquire 70% stake in power plant for up to S$111.6 million",
  "url": "https://urgent.news/2026/11/11/keppel-infrastructure-trust-to-acquire-70-stake-in-power-plant-for-up",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-11T00:29:02.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/keppel-infrastructure-trust-acquire-70-stake-power-plant-s111-6-million"
  },
  "original_language": "en",
  "account": "Keppel Infrastructure Trust (KIT) is planning to acquire a 70% stake in Keppel Sakra Cogen (KSC), a hydrogen-compatible combined-cycle power plant located on Jurong Island. The acquisition would be valued at up to S$111.6 million and is expected to increase KIT's distribution per unit (DPU) by around 5.1% to S$0.0414 from S$0.0394. KSC currently operates on natural gas but can also co-fire up to 30% hydrogen. The deal, which includes a base price of S$105 million and a potential additional payment of S$6.6 million, would give KSC an enterprise value of over S$780 million on a 100% basis, considering its projected net debt after refinancing. Keppel Infrastructure Trust will retain 30% of the stake in KSC, while the remaining 70% will be acquired by KIT. The acquisition is subject to regulatory approvals and a vote of KIT unitholders at an extraordinary general meeting.",
  "summary": "The acquisition would have increased KIT’s DPU by about 5.1% to S$0.0414",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}