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First Pacific Co ( (HK:0142) ) has issued an announcement.
First Pacific Company Limited announced that its subsidiary, PacificLight Power Pte. Ltd., has been awarded a project to build, own, and operate a new hydrogen-ready Combined Cycle Gas Turbine (CCGT) facility on Jurong Island, Singapore. Scheduled to begin operations in January 2029, this plant will be the largest and most efficient of its kind in Singapore, with a capacity of at least 600 megawatts. The facility will integrate a large-scale Battery Energy Storage System, enhancing system stability and reducing environmental impact. This development positions PLP strongly in Singapore’s growing energy market, reflecting its commitment to cutting-edge, sustainable energy solutions while accommodating future advancements such as a second CCGT unit and carbon capture technology.
More about First Pacific Co
First Pacific Company Limited is a diversified investment management and holding company with interests in various sectors. Its subsidiary, PacificLight Power Pte. Ltd., operates in the energy sector, focusing on sustainable and efficient power generation in Singapore. The company is involved in liquefied natural gas-fired combined cycle facilities, solar energy projects, and waste-to-energy solutions, emphasizing environmentally responsible electricity production.
YTD Price Performance: 7.31%
Average Trading Volume: 22,429
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.38B
For an in-depth examination of 0142 stock, go to TipRanks’ Stock Analysis page.
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