Tuaspring Secures Loan for Singapore Desalination Plant

Singapore-based Tuaspring has secured S$150m ($122m) to fund a desalination facility to be built on the site of the Tuaspring Desalination Plant.

The financing was provided by DBS Bank, Mizuho Corporate Bank and Sumitomo Mitsui Banking Corporation.

The construction will take two years to complete.

Hyflux, parent company of Tuaspring, is also on track to secure financing for a power plant facility that will be installed on the site.