ST Marine’s initial capital injection for its 40% equity in the paid-up capital of the TP-STM Water Services Pte Ltd is S$8,400. This JV company is set up to undertake operations and maintenance of Singapore’s fifth desalination plant on Jurong Island for a concession period of 25 years from 2020.

Separately, ST Marine and Tuas Power had also formed a 40:60 Engineering, Procurement and Construction consortium that has since commenced preliminary design work for the desalination plant.