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KIT’s portfolio as at 30 September 2017 included 100% interest in City Gas, Senoko Waste-to-Energy (WTE) Plant, (Bloomberg) -- The Basslink Interconnector, which links mainland Australia and Tasmania electricity grids, tripped at about 11 a.m. Sunday and may not be back until Tuesday, according to owner Keppel Infrastructure Trust. 2031, with option for 15Y extension Hydro Tasmania DataCentre One Data centre Singapore Keppel Infrastructure Trust (SGX:A7RU) maintained its record of steady DPU of 3.72 Scts in FY19, as expected, on the back of healthy distributable cash flows for the year. 1H FY18 RESULTS HIGHLIGHTS Like Hyflux, Keppel Infrastructure Trust owns just one power-plant (Keppel Merlimau Cogen Plant), which has been making huge losses and still counting. Search this site. 2018-04-18 . The enlarged Keppel Infrastructure Trust (KIT) has an asset base of close to S$4bn. The Basslink Interconnector is the world’s second longest undersea electricity cable. ; Keppel Infrastructure Trust's FY20 distributable cash flows up 20% y-o-y to S$225m as Ixom outperforms. Mergers & Acquisitions: Jessica Choong … UBS is selling Basslink’s 290km undersea cable for Singapore’s Keppel Infrastructure Trust and has already sent out information memorandums to prospective buyers. Keppel Infrastructure Trust (KIT) was originally listed on 12 February 2007 on the Singapore Exchange Securities Trading Limited as CitySpring Infrastructure Trust (CIT). Allens legal team. Description. More confidence in Ixom’s ability to maintain or even better its performance in FY20 despite the pandemic. The Infrastructure Division’s revenue decreased by $876 million or 30% to $2,058 million, due mainly to lower revenue from Keppel Infrastructure’s (KI) power generation plant and the absence of revenue from Keppel FMO Pte Ltd, which was disposed in 2014. Keppel Infrastructure Fund Q1FY2017 Cash $255m ($207m Excluding Basslink) Borrowings $1840m ($1094m ditto) Net Debt $1585m ($888m ditto) Net Assets $4102m ($3074m ditto) Total Liabilities $2680m ($1210m ditto) ... Croesus Retail Trust - Potential Privatisation; SuntecReit Q1FY2017; Here are eight things I learned from the 2019 Keppel Infrastructure Trust: 1. Basslink operates the undersea electricity cable connecting Victoria and Tasmania. Owned by Keppel Infrastructure Trust, Basslink delivers excellence in the areas of safety, reliability and performance. Investigations ongoing to determine fault cause. Find technology partners quickly. Basslink's owner, Singapore's Keppel Infrastructure Trust, has tried various other tactics, including hiring investment bank UBS to run a two-part sale process before canning the … All services are fully protected across Basslink Telecoms network against single component failure by virtue of the fault tolerant ring architecture of Basslink Telecoms network. CIT will pay out to their shareholders a one time distribution of 1.98 cents per unit. To protect this infrastructure, the cable was placed in a trench cut into the seabed. Keppel Infrastructure Trust WHAT’S NEW Steady dividend payout, but negative newsflow from Basslink dominates 1Q18 distribution of 0.93 Scts in line. Stock analysis for Keppel Infrastructure Trust (KIT:Singapore) including stock price, stock chart, company news, key statistics, fundamentals and company profile. City Gas continued to deliver steady growth and secured its 800,000th customer in 2017. The proposed acquisition of Philippines petroleum tank storage asset enhances visibility of distributions. Cityspring Infrastructure Trust investment portfolio includes City Gas Trust, SingSpring Trust, Basslink, Basslink Telecoms, and CityNet Infrastructure Management Pte. And below, Basslink cable damage, including the gouge … From a recent item in the Mercury there seems to be an irrationality creeping into the State Government’s stance on what happened to Basslink. Please see Basslink Telecoms for more information. “As a precautionary measure, the Basslink Interconnector remains out of service while investigations are on-going,” the company said in a See the company profile for Kep Infra Tr (A7RU.SI), including business summary, industry/sector information, number of employees, corporate governance, key executives and salary information. Basslink has a number of fibre optic assets which carry high speed telecommunication traffic. Back then, both trust needed each other. Now, in its quarterly report to the Singapore stock exchange delivered on Monday, Basslink's parent company Keppel Infrastructure Trust has … Keppel Infrastructure's Basslink rejects operational disputes by Hydro Tasmania sbr.com.sg Basslink, a unit of Keppel Infrastructure Trust (KIT), issued a rejection of the disputes made by Hydro Tasmania saying that Basslink’s facilities do not satisfy some operational requirements based on reports from DNV GL. This was mainly contributed by City Gas as a result of higher town gas tariffs, which was offset by lower revenue from Basslink due to a service outage in March 2018 caused by a third party-contractor. enlarged trust also adopted “Keppel Infrastructure Trust” as its new name. (24-05-2015, 05:52 PM) Nick Wrote: Personally, this deal is a win-win outcome for both Cityspring and KIT investors. Shares of Keppel Corp were up $0.01 or 0.2 per cent to $5.72 as at 1.48pm on Friday, after the announcement was made. Basslink . The Company offers the opportunity to invest in a diverse portfolio of core infrastructure businesses (ranging from waste treatment, water production, power production and transmission, piped gas production retailing to telecommunications). BL as an Australian registered company is required to report to ASIC. Home Improvement > . There after, all unit holders will receive 1.05 cents per unit held. Here are eight things I learned from the 2019 Keppel Infrastructure Trust: 1. It operates through the following segments: Energy Keppel Merlimau Cogen Plant (KMC), City Gas, Distribution and Network Basslink, DataCentre One (DC One), Waste and Water, and Corporate. Basslink, owned by Singapore-listed Keppel Infrastructure Trust, includes a 290-kilometre underwater cable that connects the 500-kilovolt transmission system in Victoria to Tasmania’s 220kW grid. CitySpring Infrastructure Trust (aka CIT) has been listed on the Singapore Stock Exchange since 2007 as a trust - with the principal objective of investing in infrastructure … Keppel Infrastructure Trust (KIT) declared DPU of 0.93S cts for 1QFY18, another steady quarter, as expected. “As a precautionary measure, the Basslink Interconnector remains out of service while investigations are on-going,” the company said in a DBS Group Research’s Suvro Sarkar has maintained his “buy” rating on Keppel Infrastructure Trust (KIT), along with a raised target price of 58 cents, higher than the previous figure of 57 cents. Keppel Infrastructure Trust ('KIT') is an infrastructure-focused business trust listed on the Singapore stock exchange. Cityspring is leveraged, has a problem holding in Basslink. For the 18th time, Keppel Infrastructure Trust (KIT) declared a quarterly distribution of 0.93 Singapore cents that is to be paid on February 2020. Despite unitholders’ concerns about Basslink, we remain confident in KIT’s ability to sustain its stable and regular distributions. Sources say that the Tasmanian-based listed lender MyState is either up for sale or in search of a merger partner. The Premier met Lee Boon Yang, chairman of Keppel Corporation, and Khor Un-Hun, chief executive of Keppel Infrastructure Fund Management and trustee-manager of Keppel Infrastructure Trust … 18-November-2014 Keppel Infrastructure Trust to combine with CitySpring Infrastructure Trust and acquire 51% stake in Keppel Merlimau Cogen • Creating... | May 22, 2021 Description. Keppel Infrastructure Holdings Pte. Past 2 weeks, there were rumours of Keppel Infrastructure Trust (KIT) and CitySpring Infrastructure trust (CIT) merging. Keppel Infrastructure Trust is nearing an agreement to acquire Ixom, an Australian chemical company controlled by Blackstone Group LP, people with knowledge of the matter said. Keppel Infrastructure Trust CRITICAL DATA POINTS TO WATCH Earnings Drivers: Positioned as the premier Singapore infrastructure-focused Business Trust. No representation or warranty, express or implied, is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information, or opinions contained in this presentation. ... • Basslink – Tasmania – Victoria Keppel Infrastructure Trust operates in the Chemicals & Allied Products sector. Keppel Infrastructure Trust is the largest infrastructure business trusted listed on the Singapore Exchange. <p> The transaction is set to create Singapore’s largest infrastructure-focused business trust with total assets of $2.5bn.</p> Owned by Keppel Infrastructure Trust, Basslink delivers excellence in the areas of safety, reliability and performance. All apart from Basslink are in Singapore and include gas production and retail, gas-fired power generation and desalination. Keppel Infrastructure Trust engages in the provision of industrial and infrastructure businesses. It operates through the following segments: Energy Keppel Merlimau Cogen Plant (KMC), City Gas, Distribution and Network Basslink, DataCentre One (DC One), Waste and Water, and Corporate. The former now owns a trust with much lower leverage and greater distribution stream from local assets. Keppel Infrastructure Trust: The infrastructure assets trust on Tuesday reported a distribution per unit of 0.93 cent for the fourth quarter ended Dec 31, 2018, unchanged from the year-ago period. Creating the Largest Singapore Infrastructure-Focused Business Trust 18 November 2014. download Report . Keppel Infrastructure Trust's 4Q19 DPU of 0.93Scts in line with expectations. Keppel has reported earlier but the consolidated figures make it harder to figure out exactly what happened with BL. CEO, Keppel Infrastructure Trust; Board Member: IXOM, CityGas, Basslink, KMC, SingSpring Singapore. 2 Based on the market closing price per Unit of $0.540 as at 31 December 2019. On 18 May 2015, CIT acquired the business undertakings and assets of KIT in exchange for the issue of approximately 1.33 billion new CIT units to KIT Unitholders, and CIT was renamed Keppel Infrastructure Trust. KEPPEL INFRASTRUCTURE TRUST is a business trust that provides investors with the ... • Basslink • Ixom Energy • Keppel Merlimau Management Cogen Plant Waste & Water Trust assets and non-controlling interest 12.0 17.4 25.9 15.6 9.3 19.8 DISTRIBUTION HISTORY (CENTS) $5.0 billion Keppel Infrastructure Trust (“KIT”) Recommendation KIT’s 4Q2019 results have been lower q/q mainly dragged by seasonality at IXOM, lower contribution from Keppel Merlimau Cogen (“KMC”) and City Gas. The Directors of Keppel Infrastructure Fund Management Pte Ltd, as TrusteeManager of - Keppel Infrastructure Trust, advise the following results of Keppel Infrastructure Trust for the second quarter and half year ended 30 June 2018. KEPPEL INFRASTRUCTURE TRUST (KIT SP) 4Q17: Steady As She Goes VALUATION Maintain BUY; target price of S$0.61. Unlock with Facebook. Chief Financial Officer, Keppel Infrastructure Fund Management Pte. Unlock with Google. The Keppel Merlimau Cogen (KMC) power plant, CityGas and Basslink represent some Created through the combination of Keppel Infrastructure Trust and Cityspring Infrastructure Trust, as well as the acquisition of a 51% stake in Keppel Merlimau Cogen, the enlarged Keppel Infrastructure Trust is the largest Singapore infrastructurefocused business trust. Director at Keppel Infrastructure Fund Management Pte Ltd Singapore 1 connection. Basslink Pty Ltd is using the process available to parties under the Basslink Services Agreement to resolve disagreements. Energy Infrastructure Investments (Marubeni Corporation 49.9%; Osaka Gas 30.2%; APA 19.9%) Murraylink Vic–SA 180 105 1 July 2018– 30 June 2023 Energy Infrastructure Investments (Marubeni Corporation 49.9%; Osaka Gas 30.2%; APA 19.9%) Basslink Vic–Tas 375 Unregulated Keppel Infrastructure Trust INTERCONNECTORS FORMING PART OF STATE NETWORKS Spotfolio tracks over one million companies in technology industries. CEO, Keppel Infrastructure Trust; Board Member: IXOM, CityGas, Basslink, KMC, SingSpring Singapura. Keppel Infrastructure Trust forecast; loans due in 2020 should be refinanced, albeit at possibly slightly more onerous terms, and iii) adverse credit and legal events at Basslink, if any, are non-recourse to the Trust. 1 Excludes Basslink as KIT does not depend on Basslink’s cash flows for distribution. KEPPEL INFRASTRUCTURE TRUST is a business trust that provides investors with the ... • Basslink • Ixom Energy • Keppel Merlimau Management Cogen Plant Waste & Water Trust assets and non-controlling interest 12.0 17.4 25.9 15.6 9.3 19.8 DISTRIBUTION HISTORY (CENTS) $5.0 billion Owned by Keppel Infrastructure Trust, Basslink delivers excellence in the areas of safety, reliability and performance. Basslink Pty., part of the Keppel Infrastructure Trust portfolio, said on Thursday that it had followed the dispute resolution procedures with Hydro Tasmania and the disputes have not been resolved, with the matter now referred to arbitration.. Energy Infrastructure Investments (Marubeni Corporation 49.9%, Osaka Gas 30.2%, APA 19.9%) Murraylink Vic–SA 180 117 1 July 2018 – 30 June 2023 Energy Infrastructure Investments (Marubeni Corporation 49.9%, Osaka Gas 30.2%, APA 19.9%) Basslink Vic–Tas 375 Unregulated Keppel Infrastructure Trust INTERCONNECTORS FORMING PART OF STATE NETWORKS Allens previously advised CitySpring Infrastructure Trust (which merged with Keppel Infrastructure Trust in 2015) on its acquisition and financing of the Basslink Interconnector in 2007. Geelong Star, before its renaming. Keppel Infrastructure Trust has the following infrastructure businesses in its portfolio: 1.Keppel Merlimau Cogen Plant (in the process of acquiring) 2.Senoko Waste-to-Energy Plant 3.Keppel Seghers Tuas Waste-to-Energy Plant 4.Keppel Seghers Ulu Pandan NEWater Plant 5.SingSpring Desalination Plant 6.City Gas 7.Basslink 8.DataCentre One 9.CityNet KEPPEL INFRASTRUCTURE TRUST UNAUDITED RESULTS FOR THE SECONDQUARTER AND HALF YEAR ENDED 30 JUNE 2018 . Keppel Infrastructure Trust engages in the provision of industrial and infrastructure businesses. Keppel Infrastructure Trust's distributable cash flows continue to exceed expectations; steady DPU of 0.93Scts in 2Q20. Keppel Infrastructure Trust - Stable Dividend Is The Key Unique Selling Proposition. In 2006, Tasmania's energy market changed. Discover the metrics influencing Keppel Infrastructure Trust's share price. Ltd. ("KIFM" or "KIT Trustee-Manager"), in its capacity as trustee-manager of Keppel Infrastructure Trust ("KIT") wishes to inform that Basslink Pty Ltd (“Basslink”) has today issued a media statement on 29 October 2019, a copy of which is attached for reference. The Directors of Keppel Infrastructure Fund Management Pte Ltd, as Trustee-Manager of Keppel Infrastructure Trust, advise the following results of Keppel Infrastructure Trust for the second quarter and half year ended 30 June 2018. However, near Tasmania the cable was placed in an iron pipe conduit in order to safely pass over a 500 m-wide zone of rocky reef and rubble. Comprising Basslink Pty Ltd (power) & Basslink Telecoms Pty Ltd (Wholesale Telecom's) Serving board member of all Australian group businesses. Keppel owns or part owns a number of infrastructure businesses. Similar to the ill-fated Hyflux, Keppel Infrastructure Trust issued $300 million 4.75% Perpetual Bonds. 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