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4-Traders Homepage  >  Equities  >  SINGAPORE EXCHANGE  >  Keppel Corporation Limited    KPLM   SG1U68934629

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Keppel Corp. : Keppel DHCS secures new contracts for one-north

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02/29/2012 | 01:18am CEST

Keppel DHCS Pte Ltd (Keppel DHCS), a wholly-owned subsidiary of Keppel Integrated Engineering Ltd, has secured contracts to provide its environmentally-friendly district cooling systems (DCS) services to leading companies at Biopolis and Fusionopolis at one-north.

With contract tenures of 10 to 20 years, Keppel DHCS will expand its existing plant at one-north by 4,000 Refrigeration Tons (RT) to provide DCS services to Ascendas and Procter & Gamble (P&G), among other companies, bringing its total plant capacity at one-north to almost 30,000 RT.

Mr Joseph Ng, Chief Executive Officer of Keppel DHCS, said, "We have established a solid track record of providing uninterrupted district cooling services to the satisfaction of our customers. The new contracts not only reflect the confidence of our clients in the reliability and quality of our facilities and service, but also the growing awareness of businesses to reduce energy costs by adopting energy-efficient building technologies."

With these contracts, Keppel DHCS will service 17 buildings located across 700,000m2 of Gross Floor Area (GFA) at one-north, and further strengthen its presence at Biopolis and Fusionopolis, the premier research hubs for biomedical science and information and communications technology in Singapore.

The contracts with business space provider Ascendas and consumer health giant P&G will see Keppel DHCS servicing Ascendas at Biopolis 5 and P&G's Singapore Innovation Centre at Biopolis 4.

Ascendas' Biopolis 5 is expected to be completed in 2013. It will provide additional laboratory space to meet the increasing demand for biomedical research facilities.

P&G's Singapore Innovation Centre is expected to be completed in 2013. The centre will house P&G's research activities, including a whole spectrum of product development, consumer and new material research, and product formation and design.

Organisations at Biopolis and Fusionopolis that are presently serviced by Keppel DHCS' chilled water air-conditioning systems include A*Star (Agency for Science, Technology and Research), GlaxoSmithKline, Novartis, Apex International, NTU Alumni Clubhouse and City Campus, JTC Corporation, Soilbuild and Crescendas. Keppel DHCS also services Vista Xchange, the transport hub for one-north and the site of a combination of offices, hotels, shops and entertainment outlets, as well as the multi-tenanted Neuros & Immunos building which is catered for neurology and immunology research companies.

DCS comprise an installation of a centrally chilled water to serve a cluster of buildings for their air-conditioning needs. The plant distributes chilled water to its customers' buildings through a network of pipes. By aggregating the customers' energy loads, the overall installed capacity can be lower than if each building used a separate cooling unit. The aggregation also reduces the overall carbon footprint.

The energy-efficient and space-saving attributes of DCS make it suitable and attractive to address the needs of city centres, large production plants, hospitals and property developments.

The aforementioned contracts are not expected to have a material impact on the net tangible assets or earnings per share of Keppel Corporation Limited for the current financial year.

- End -

About Keppel DHCS Pte Ltd

A wholly-owned subsidiary of Keppel Integrated Engineering Limited, the environmental engineering division of Keppel Corporation Limited, Keppel DHCS is currently Singapore's largest district cooling systems (DCS) service provider.

Keppel DHCS provides cooling services through the development and operation of DCS at major business parks in Singapore. Keppel DHCS currently services Changi Business Park, one-north and Woodlands Wafer Fab Park with a total plant capacity exceeding 50,000 RT. Keppel DHCS was incorporated in 1998, and is the first DCS service provider in Singapore.

In September 2011, Keppel DHCS's joint venture topped out its district heating and cooling system (DHCS) plant in the Sino-Singapore Tianjin Eco-City. The plant will be ready to commence supply of chilled water and hot water this year.

About Keppel Integrated Engineering Limited

Keppel Integrated Engineering Limited (KIE) is a wholly-owned subsidiary of Keppel Corporation Limited, a leading mainboard listed conglomerate in Singapore.

KIE is a leading provider of comprehensive and integrated environmental solutions ranging from consultancy, design and engineering, technology development, and the construction, operations and maintenance of facilities. Its advanced technology solutions address a wide spectrum of environmental issues such as solid waste, wastewater, drinking and process water, and sludge.

Besides environmental engineering, KIE also offers an integrated range of expertise from facilities management, heating and cooling services to construction, fabrication and maintenance services for industrial structures and equipment.


For more information, please contact:

Sue-Ann Huang (Ms)
Senior Executive
Group Corporate Communications
Keppel Corporation Limited
DID:(65)6413 6297
Mobile:(65)8113 8119
Email: sueann.huang@kepcorp.com

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