The Public Utilities Board (PUB) will launch its inaugural green bonds by the end of August 2022, with the proceeds expected to finance sustainable water, wastewater management and renewable energy (RE) projects in Singapore. Some of the key projects that will be funded include the construction of a floating solar panel systems and the Tuas Water Reclamation Plant. Feasibility studies are being planned for two other large-scale floating solar PV systems at Lower Seletar and Pandan Reservoir.
The green bonds are a part of the agency’s SGD10 billion multi-currency, medium-term note programme.
PUB has also developed a Green Financing Framework which will ensure that the bond issue conforms to market best practices, including reliable governance and clear eligibility criteria to assess and select green projects that have a beneficial impact on the environment.
The framework is in accordance with the ASEAN Capital Market Forum (ACMF) ASEAN Green Bond Standards 2018 as well as the International Capital Market Association (ICMA) Green Bond Principles 2021.
