KGT – AmFraser

K‐GREEN TRUST SEEKS WIDER INVESTMENT MANDATE

Keppel Infrastructure Fund Management Pte Ltd (KIFM), as trusteemanagerof K‐Green Trust (KGT), has proposed an expansion of its investment mandate to cover a wider range of infrastructure assets. It is also proposing a change in sponsor to Keppel Infrastructure (KI) following a group reorganisation last year.

Currently, KGT owns Senoko Waste‐to‐Energy Plant, Keppel Seghers Tuas Waste‐to‐Energy Plant and Keppel Seghers Ulu Pandan NEWater Plant.

Yesterday, KIFM explained that when the trust was listed in 2010, it had focused on “green” infrastructure assets, which reflected the business focus of its sponsor, Keppel Integrated Engineering (KIE), at the time of listing.

However, in May 2013, KIE was reorganised under KI. KI has three core business platforms in Gas‐to‐Power, Waste‐to‐Energy and X‐to‐Energy, the la