KUALA LUMPUR: YTL PowerSeraya Pte Ltd, which is fully owned by YTL Power International Bhd, has won the first request for proposal (RFP) under Singapore's new centralised process framework to develop a hydrogen-ready CCGT at its Pulau Seraya power station 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 megawatts hydrogen-ready CCGT is estimated to cost S$800 million and is targeted to be completed by Dec 31 2027, said YTL Power in its statement today.
The project will complement and diversify Singapore's power mix alongside solar, imported
electricity and other potential low-carbon energy sources, the company added.
YTL power said YTL PowerSeraya's hydrogen-ready CCGT is set to make a substantial impact to support the nation's generation capacity to meet growing electricity demand.
John Ng, CEO at YTL PowerSeraya, said its CCGT will be at least 30 per cent volume hydrogen-ready, with the ability to be retrofitted to become operationally 100 per cent hydrogen-ready in the future.
It will aid 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."
Datuk Seri Yeoh Seok Hong, managing director of YTL Power, said the project is fully in keeping with its commitment to invest for the long-term in low-carbon technologies, infrastructure and advanced energy solutions.
"We are gratified by the faith and confidence placed in YTL PowerSeraya to build for the future and deliver this pioneering project in Singapore," he added.