YTL PowerSeraya announces key partnerships with industry innovators, including:
- Siemens Energy on an Advanced Turbine Efficiency Package (ATEP) retrofit project for its Taser Power Plant to reduce carbon emissions significantly
- Air Liquide and GE Vernova for pre- and post-combustion carbon capture feasibility studies respectively, for its upcoming 600MW Hydrogen-Ready Combined Cycle Gas Turbine
- Leading banks DBS, Maybank and OCBC for the nation’s first transition finance deal, in line with Singapore-Asia taxonomy
Singapore, 27 October 2025 – YTL PowerSeraya Pte. Limited (“YTL PowerSeraya”), a leading player in Singapore’s power generation industry, today announced a series of landmark partnerships that chart a decisive step towards Singapore’s greener energy future. The announcements were made in conjunction with the Singapore International Energy Week (SIEW) 2025, held under the theme “Envisioning Energy Tomorrow, Building Systems Today.”
The initiatives reinforce YTLPS’ role as a key catalyst in Singapore’s energy transition, leading the way with milestone projects, and supporting the nation’s net-zero emission vision by 2050.
Unlocking New Value from Cutting-edge Retrofit Project with Siemens Energy
Kicking off the first of several partnerships, YTLPS, through its subsidiary, Taser Power Pte Ltd, is working with Siemens Energy to deploy its Advanced Turbine Efficiency Package (ATEP), breathing new life into one of Singapore’s key power assets, the 396MW Taser Power Plant. This strategic retrofitting project aims to demonstrate how advanced technology can revolutionise performance from existing infrastructure.
At the heart of the upgrade is Siemens Energy’s cutting-edge solution that is designed to enhance performance, reduce emissions, and extend asset life. The retrofit introduces high-efficiency hot gas path components with aerodynamic profiling, optimised cooling, and improved sealing.
The upgrade also enhances operational flexibility and reliability by extending maintenance intervals and reducing downtime, ensuring it continues to operate competitively and reliably, reinforcing YTLPS’s contribution to a more resilient and lower-carbon energy future.
Upon completion in December 2025, the plant will operate with significantly improved efficiency and is expected to reduce carbon emissions by up to 11,000 tonnes of CO₂ equivalent annually.
Leading Carbon Capture Feasibility Studies with Air Liquide and GE Vernova
To further reduce the carbon intensity of power generation, YTLPS has embarked on two carbon capture feasibility studies, supported by the Energy Market Authority’s Power Sector Carbon Capture and Storage (CCS) Grant Call, set to be in place for its 600MW Hydrogen-Ready Combined Cycle Gas Turbine (CCGT) at Pulau Seraya Power Station, which is targeted to be built by 31 December 2027:
- Pre-Combustion Carbon Capture with Air Liquide: YTL PowerSeraya and Air Liquide are conducting a feasibility study to evaluate the potential of incorporating Air Liquide’s proprietary Lurgi™Autothermal Reforming (ATR) and Cryocap™ technologies into the upcoming Hydrogen-Ready CCGT. This collaboration aims to find a viable path for reducing carbon emissions and supporting Singapore’s energy transition.
- The Lurgi™ ATR technology enables a cost-effective solution for low-carbon hydrogen production on a large scale, proven to be safe, reliable, and efficient over decades of operation worldwide.
- Air Liquide’s Cryocap™ is the only proven capture technology that can reduce CO₂emissions from hydrogen production while simultaneously increasing hydrogen output by 10-20%, through a combination of membrane and cryogenic processes.
- These solutions could abate up to 15 million tonnes of CO₂over the plant’s lifetime, significantly advancing low-carbon hydrogen production in Singapore.
- Post-Combustion Carbon Capture with GE Vernova: Complementing the pre-combustion study, YTLPS and GE Vernova are assessing the feasibility of capturing carbon emissions after combustion.
- GE Vernova is also one of the key appointed consortium partners that is building YTLPS’s Hydrogen-Ready CCGT – GE Vernova’s first hydrogen-ready CCGT in Singapore, featuring its advanced 9 High Efficiency Air Cooled (9HA.01) gas turbines, which are globally recognised for their superior efficiency in energy generation.
- This feasibility study also marks the first-of-its-kind Post-Combustion Carbon Capture assessment for H-Class CCGT plant in Singapore by GE Vernova.
- The Study is focused on retrofitting YTLPS’ H-Class CCGT with technology capable of capturing at least 90 percent of the plant’s CO2 emissions, supported by three key technical solutions, including Exhaust Gas Recirculation (EGR), Steam integration and Controls integration.
- These technologies allow a gas power plant with post-combustion carbon capture solutions to operate more efficiently and cost-effectively which reduces overall plant size, CAPEX and OPEX whilst also boosting overall integrated plant performance.
Based on the findings from the feasibility studies, YTLPS will work with EMA to deepen industry knowledge of the power sector CCS pathways, as well as identify infrastructure and site-specific requirements.
This dual approach positions YTLPS as one of only two companies in Singapore exploring both pre- and post-combustion carbon capture scopes, demonstrating leadership and capabilities across both scopes in decarbonising the power sector.
Nation’s First Singapore-Asia Taxanomy-Aligned Transition Finance Deal with DBS, Maybank, and OCBC
In a financing first for Singapore – DBS, Maybank, and OCBC have extended S$500 million in transition financing to YTLPS for the development of the Hydrogen-Ready CCGT plant. This transaction is the nation’s inaugural transition finance deal aligned with the Singapore-Asia Taxonomy for Sustainable Finance and the Asia Pacific Loan Market Association’s Green Loan Principles.
The financing forms part of a broader S$1.2 billion term loan facility provided to YTLPS, with the three banks also serving as joint Sustainability Structuring Advisers. This milestone demonstrates growing confidence in the commercial viability of transition technologies, setting a precedent for sustainable project financing in the region.
This project signifies a milestone in Singapore’s ambitions to decarbonise its power sector.
Building Singapore’s Energy Future Through Innovative Systems Today
These partnership milestones collectively position YTLPS at the forefront of Singapore’s green energy transformation. By investing in hydrogen-ready power generation, pioneering carbon capture technologies, and securing innovative financing aligned with global standards, YTLPS is laying the groundwork for a decarbonised and resilient energy system.
“Singapore’s energy transition goal is a tremendous opportunity to reimagine how we power our future. By bringing together world-class engineering expertise, close industry collaboration, and a shared long-term vision, we are not only supporting the nation’s long-term net-zero ambitions but also setting new benchmarks for innovation in power generation. These partnerships demonstrate what is possible when everyone within the value chain works as one,” said Mr. John Ng, CEO of YTL PowerSeraya. “YTL PowerSeraya is proud to play a leading role in building the systems today that will power a sustainable tomorrow for Singapore.”
With these developments, YTLPS not only strengthens Singapore’s power generation capabilities but also enables energy-intensive sectors – such as data centre and semiconductor industries – to advance their decarbonisation efforts, keeping the nation on track towards its net-zero goals.
