Keppel, a renowned infrastructure group, has been selected by Housing & Development Board (HDB) to supply chilled water for a period of 20 years. This contract will involve Keppel designing, building, owning and operating centralized cooling systems (CCS) for three upcoming build-to-order (BTO) projects in Tengah. The CCS will cater to the cooling needs of approximately 3,500 households residing in the projects, which include Brickland Weave, Plantation Edge I & II and Plantation Verge.
As per the official statement released on September 30, Keppel will closely collaborate with HDB to provide the CCS to each household. The system involves channeling chilled water from central chillers, situated on the rooftops of selected HDB blocks, to cool the flats. Keppel aims to use innovative engineering and design, along with industrial-grade materials, to achieve optimal performance in line with industry standards. Additionally, the CCS at these three BTO projects will be connected to Keppel’s Operations Nerve Centre (ONC), allowing for remote control and real-time monitoring.
Tan Meng Dui, CEO of HDB, expressed his pleasure in welcoming Keppel as a CCS service provider for future BTO projects. He noted that the involvement of more market players in the provision of CCS services in a public housing setting will strengthen the industry’s capabilities and deepen the CCS ecosystem, making HDB living sustainable and highly liveable. Cindy Lim, CEO of Keppel’s infrastructure division, added that the group is delighted to secure the contract to provide cooling services to the three latest precincts in Tengah. With over two decades of experience in catering to the cooling needs of various facilities like business parks, commercial offices, hotels, malls, and mission-critical sites, Keppel is well-equipped to work closely with HDB to offer high-quality and modern cooling solutions to homeowners.
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Currently, Keppel possesses a combined cooling portfolio of more than 260,000 refrigeration tonnes in the region, including assets under development. However, the company clarified that this contract will not have a significant impact on its earnings per share (EPS) and net tangible asset (NTA) per share in the ongoing financial year. As of 9:29 am, Keppel’s shares are trading 1 cent higher, an increase of 0.15%, at $6.63.