The loan is linked to carbon emission targets for Keppel Merlimau Cogen Plant, which include benchmarking of the plant’s carbon emissions intensity against national indices, as well as demonstrating continuous improvement in the plant’s carbon emissions intensity.
SINGAPORE (June 24): Keppel Infrastructure Trust (KIT) and Keppel Energy (KE), have secured a seven-year $700 million sustainability-linked loan from DBS Bank and OCBC Bank for its jointly owned gas-fired co-generation plant, Keppel Merlimau Cogen Plant.
The sustainability-linked loan, which is the first for KIT and KE, is one of the largest in Singapore. It is also the first such loan for Singapore’s energy sector to date.
