Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
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

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on KEPPEL CORPORATION LIMITED
06:09p KEPPEL : Data Centres spurs research on data centre development
03:13p KEPPEL : Report Pursuant to Clause 16(r) of the Trust Deed Dated 12 December 200..
11:58aDJKEPPEL : 2nd-Quarter Net Profit S$161 Million; Down 21% on Year
11:33a KEPPEL : nets higher profit of S$421m for 1H 2017, bolstered by multi-business s..
07/19 KEPPEL : Aker BP to Drill an Exploration Well in Block 25/2
07/19 M1 stakeholders drop strategic review plan; cellco’s Q2 results fail to..
07/19 KEPPEL : Telecommunications & Transportation Ltd Unaudited Results For The Secon..
07/18 KEPPEL : Data Centres injects interest in Keppel DC Singapore 4 into the Alpha D..
07/18 KEPPEL : Unaudited Results of Keppel REIT for the Second Quarter and Half Year E..
07/17 KEPPEL INFRASTRUCTURE TRUST : to supply technology solutions for Beijing and Hun..
More news
News from SeekingAlpha
09:02a Keppel Corporation Limited 2017 Q2 - Results - Earnings Call Slides
08:50a Keppel reports Q2 results
07/10 GOLAR LNG PARTNERS : Major Milestone Reached
06/01 GOLAR LNG PARTNERS : Rough Q1 Sets Up Potential Rebound
04/20 Keppel Corporation Limited 2017 Q1 - Results - Earnings Call Slides
Financials ( SGD)
Sales 2017 6 499 M
EBIT 2017 873 M
Net income 2017 848 M
Debt 2017 5 958 M
Yield 2017 3,36%
P/E ratio 2017 14,11
P/E ratio 2018 12,68
EV / Sales 2017 2,74x
EV / Sales 2018 2,53x
Capitalization 11 853 M
Chart KEPPEL CORPORATION LIMITED
Duration : Period :
Keppel Corporation Limited Technical Analysis Chart | KPLM | SG1U68934629 | 4-Traders
Technical analysis trends KEPPEL CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 17
Average target price 6,81  SGD
Spread / Average Target 4,5%
EPS Revisions
Managers
NameTitle
Chin Hua Loh Chief Executive Officer & Executive Director
Boon Yang Lee Non-Executive Chairman
Hon Chew Chan Chief Financial Officer
Jacob Tong General Manager-Group Information Systems
Heng Tan Tow Non-Independent Non-Executive Director