2015
30 June 2015
Keppel Infrastructure Trust completed its acquisition of a 51% stake in Keppel Merlimau Cogen from its Sponsor, Keppel Infrastructure
21 May 2015
Keppel Infrastructure Trust raised S$525 million through a private placement and preferential offering to finance the acquisition of 51% of Keppel Merlimau Cogen
19 May 2015
The enlarged Keppel Infrastructure Trust resumed trading on the SGX-ST Mainboard
18 May 2015
Formation of the enlarged CitySpring Infrastructure Trust, which was renamed Keppel Infrastructure Trust
2016
01 September 2016
The Trustee-Manager, KIFM, completed the capacity upgrade of the Senoko Waste-to-Energy plant. The upgrade was completed on budget and ahead of schedule, raising the contracted incineration capacity of the plant by 10% to 2,310 tonnes per day. The capacity payment from NEA has been correspondingly increased
01 July 2016
The Trustee-Manager, KIFM, became a wholly-owned subsidiary of Keppel Capital. Keppel Capital is Asia’s premier asset manager with assets under management of approximately S$26 billion in real estate, infrastructure and data centre properties in key global markets
12 April 2016
DataCentre One, a joint venture between Keppel Infrastructure Trust and Shimizu Corporation, handed over the 1-Net North Data Centre in Singapore and commenced its lease to the client for a period of 20 years
2018
15 November 2018
The Trustee-Manager, KIFM, proposed the acquisition of 100% of shares in Ixom HoldCo Pty Ltd. Ixom is one of the leading industrial infrastructure businesses in Australia and New Zealand, supplying and distributing water treatment chemicals as well as industrial and specialty chemicals which are key to fundamental industries.
2019
31 October 2019
The divestment of KIT's 51% stake in DataCentre One was completed for a consideration of $102.9 million, after being approved by Unitholders at an Extraordinary General Meeting on 23 October 2019. This transaction allows KIT to realise the remaining lease value upfront, benefiting Unitholders.
19 February 2019
The acquisition of Ixom HoldCo Pty Ltd was completed, after being approved by Unitholders at an Extraordinary General Meeting on 12 February 2019, augmenting KIT’s portfolio in the distribution and network segment. With the completion of the acquisition, KIT’s portfolio has grown from S$3.8 billion to S$5.2 billion.
2020
8 December 2020
Keppel Infrastructure Fund Management Pte Ltd (KIFM), announced the proposed acquisition of a 80% stake in Philippine Tank Storage International (Holdings) Inc. (PTSI), which owns Philippine Coastal Storage & Pipeline Corporation (Philippine Coastal), the largest petroleum products import storage facility in the Philippines.
2021
1 December 2021
City Gas was rebranded to City Energy.
12 November 2021
Further to KIT’s announcement on 27 October 2021 in relation to the expiry of the standstill agreement between an indirect wholly-owned subsidiary of KIT, Basslink Pty Ltd, State of Tasmania and Hydro Tasmania, Keppel Infrastructure Fund Management Pte. Ltd, as trustee-manager of KIT, announced that companies in the Basslink group have entered voluntary administration, with the directors of the respective Basslink companies appointing Adam Nikitins, Stewart McCallum and Colby O’Brien from Ernst & Young as voluntary administrators. Details in the announcements here.
29 January 2021
Completed the acquisition of Philippine Coastal Storage & Pipeline Corporation (Philippine Coastal)1. The addition of Philippine Coastal will diversify, grow and strengthen the resilience of KIT’s free cash flow to equity.
1. On 8 December 2020, KIT announced the proposed acquisition of 80% of the entire share capital of Philippine Tank Storage International (Holdings) Inc., which owns Philippine Coastal Storage & Pipeline Corporation (Philippine Coastal). Metro Pacific Investments Corporation (MPIC) will own the remaining 20%. The acquisition was completed on 29 January 2021. Immediately following the completion of the acquisition, KIT and MPIC entered into a share sale agreement to sell 30% of KIT’s interest in Philippine Coastal to MPIC, resulting in each of KIT and MPIC indirectly holding an approximately equal percentage of interest in Philippine Coastal, with KIT indirectly holding one voting share more than MPIC.
2022
24 February 2022
Completed the investment in Aramco Gas Pipelines Company, which holds a 20-year lease and lease back agreement over the usage rights of Aramco’s gas pipelines network. KIT will receive quarterly payments backed by a minimum volume commitment from Aramco. This allows KIT to invest in a strong and growing business that is underpinned by one of the world’s largest reserves of natural gas without KIT having to assume operational risks of the gas pipeline network. Beyond income diversification, the investment also supports the energy transition of the Saudi economy through the use of gas, thereby reducing the use of crude for a more sustainable future.
30 June 2022
Completed the acquisition of the remaining 30% interests in the SingSpring Desalination Plant. With this, KIT holds 100% of the plant.
8 September 2022
Initial completion of the investment in the European Onshore Wind Platform. The investment is a joint venture with Keppel Renewable Investments Pte. Ltd. and co-investment in a diversified portfolio of operational and pipeline onshore wind projects across Norway, Sweden and the United Kingdom sponsored by Fred. Olsen Renewables AS. The completion marks KIT's first investment in the renewable energy sector, and the Trust's maiden acquisition in Europe.
20 October 2022
Completed the acquisition of a 52% interest in Eco Management Korea Holdings, a leading integrated waste management platform in South Korea. EMK operates six waste-to-energy (WTE) plants and five sludge drying facilities, and has the third largest incineration capacity (404 tonnes per day) in the nation. It is also the largest waste oil refiner (154 tonnes per day) in South Korea and manages and owns a landfill in Yeongnam, which has the fourth largest capacity in the nation (1.5 million m3).
22 December 2022
Completed the investment in Borkum Riffgrund 2 (BKR2), a 465MW operating offshore wind farm located in the North Sea off the coast of Germany. The wind farm operates under the German EEG 2014 (Erneuerbare-Energien- Gesetz – German Renewable Energy Sources Act) market premium mechanism, which has an attractive Feed-in-Tariff and guaranteed floor price till 2038, providing strong cash flow visibility for the project.
2023
2 November 2023
Announced special distribution of 2.33 cents per unit on successful value creation strategy, bringing total 9M 2023 DPU to 5.23 cents, a 82.5% year-on-year increase.
21 December 2023
Announced the proposed acquisition of in a 45% interest in a German solar portfolio comprising > 60,000 bundled solar photovoltaic (PV) systems.
30 December 2023
Completed the investment in Fäbodliden II, a 17 MW onshore wind farm in Sweden, as part of the 5-year exclusive pipeline with Fred. Olsen Renewables. Fäbodliden II reached its commercial operation date on 29 December 2023.
2024
2 January 2024
Deepened renewables exposure with first solar portfolio investment: Acquisition of a 45% stake in the German Solar Portfolio comprising over 60,000 bundled solar photovoltaic (PV) systems, including more than 55,000 battery storage systems and more than 30,000 EV charging equipment, backed by 20 year contracts. Completed first phase of the acquisition comprising 53,500 installed solar panel systems in 2 January 2024 with the remaining 6,500 systems to be completed by Jun 2024 in phases.
3 June 2024
Completed the acquisition of Ventura, a leading bus service business in Victoria, Australia, and an essential infrastructure that support Melbourne’s population growth.