Hyflux and Mitsubishi Heavy Industries (MHI) consortium’s project company TuasOne Pte Ltd has secured project financing for TuasOne waste-to-energy plant in Singapore.
The project company has secured a SGD653M ($472.7M) 27-year loan facility, which will be utilized to fund the development, its construction and start-up costs.
The project financing is provided by DBS Bank, Malayan Banking Berhad Singapore Branch, Mizuho Bank Ltd and The Bank of Tokyo-Mitsubishi UFJ Ltd, which are the underwriters and book-runners for the facility.
DBS Bank Ltd, Maybank Kim Eng Securities Pte Ltd, Mizuho Bank Ltd and The Bank of Tokyo-Mitsubishi UFJ Ltd were the lead arrangers in the project financing.
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