When completed, the CCS at these three BTO projects will be connected to Keppel’s Operations Nerve Centre (ONC) for remote control and real-time performance monitoring.
“We are glad to welcome a well-established player like Keppel on board as a CCS service provider for future BTO projects. With more market players participating in the provision of CCS services in a public housing setting, we hope to further strengthen the industry’s capabilities and deepen the CCS ecosystem, to make HDB living highly liveable and sustainable,” says Tan Meng Dui, CEO of HDB.
“Keppel is pleased to be awarded the contract to provide cooling services to these three latest precincts in Tengah,” adds Cindy Lim, CEO of Keppel’s infrastructure division. “With more than two decades of track record serving the cooling needs of business parks, commercial offices, hotels and malls as well as mission-critical facilities, such as wafer fabs and data centres, Keppel is well-placed to work hand-in-hand with HDB to provide high-quality and modern cooling solutions to homeowners.”
Including assets under development, Keppel has a combined cooling portfolio of over 260,000 refrigeration tonnes in the region.
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The contract is not expected to materially impact Keppel’s earnings per share (EPS) and net tangible asset (NTA) per share for the current financial year.
As at 9.29am, shares in Keppel are trading 1 cent higher or 0.15% up at $6.63.
