Hyflux Ltd. (HYF), Singapore’s biggest publicly traded water company, will start discussions with lenders on loans for its S$1.05 billion ($858 million) Tuaspring venture, the island’s largest desalination plant.
The company is seeking non-recourse project financing, where the lender can recoup payments from the venture’s profits, Hyflux said today in a statement. Development and construction at Tuaspring, Singapore’s second seawater desalination facility, is on track, according to the statement.
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