The transaction will allow KCIF to anchor its portfolio with an established asset and stable cash flows as the fund expands.
Keppel Infrastructure Trust will continue to hold 51% of KMC, with the remaining 10% retained by Keppel Ltd. (Keppel).
KCIF is an open-ended infrastructure fund with a target size of $3.36b (US$2.5b), focused on highly defensive infrastructure assets in developed Asia Pacific markets.
These target assets provide stable, long-term cash flows, supported by proven operating track records and long concessions with strong counterparties in well-regulated sectors.
KMC, a 1,300 MW combined-cycle gas turbine power plant on Jurong Island, supplies about 14% of Singapore’s electricity and is expected to complete upgrades in the second half of 2025.
