Singapore, January 29, 2024
YTL PowerSeraya Pte. Limited (“YTL PowerSeraya”), a wholly owned subsidiary of YTL Power International Berhad (“YTL Power International”), has won the first Request for Proposal (RFP) under EMA’s new Centralised Process framework to develop a hydrogen-ready CCGT at its Pulau Seraya Power Station (PSPS) site. The framework strategically coordinates private sector investments to ensure sufficient generation capacity by 2028, safeguarding Singapore’s future energy needs.
The construction of a 600 MW hydrogen-ready CCGT is estimated to cost SGD800 million and is targeted to be completed by 31st December 2027.
The project will complement and diversify Singapore’s power mix alongside solar, imported electricity and other potential low-carbon energy sources. YTL PowerSeraya’s hydrogen-ready CCGT is also set to make a substantial impact to support the nation’s generation capacity to meet growing electricity demand.
Mr John Ng, CEO at YTL PowerSeraya, expressed commitment about the company’s central role in shaping the nation’s energy landscape. “We are honoured to be awarded the first RFP and be entrusted with the responsibility of constructing the hydrogen-ready CCGT at PSPS. YTL PowerSeraya is committed to leveraging cutting-edge technology and sustainable practices to contribute to Singapore’s energy security and environmental goals.”
YTL PowerSeraya’s CCGT will be at least 30% volume hydrogen-ready, with the ability to be retrofitted to become operationally 100% hydrogen-ready in the future, aiding in emissions reduction, as the combustion of hydrogen gas generates no greenhouse gases, thereby underscoring the organisation’s commitment to environmentally sustainable practices. This monumental undertaking by YTL PowerSeraya is pivotal in positioning Singapore to achieve her long-term net zero emissions aspiration by 2050, under the Singapore Green Plan.
Dato’ Seri Yeoh Seok Hong, Managing Director of YTL Power International, said, “This project is fully in keeping with our commitment to invest for the long-term in low-carbon technologies, infrastructure and advanced energy solutions, enabling us to continue to provide the best outcomes for the benefit of our customers and communities where we operate. We are gratified by the faith and confidence placed in YTL PowerSeraya to build for the future and deliver this pioneering project in Singapore”.
With over 53 years of experience in the power generation industry, this milestone stands as a testament to YTL PowerSeraya’s unwavering commitment to the long-term energy security of the nation while aligning with international efforts and global sustainability agenda as we transition towards cleaner energy sources and minimising environmental impact.