Keppel Infrastructure, a division of Keppel Corporation, has been awarded a 20-year contract by the Housing & Development Board (HDB) to provide chilled water supply services. The contract, which includes designing, building, owning, and operating centralised cooling systems (CCS), will cover three upcoming build-to-order (BTO) projects in Tengah. These systems will serve approximately 3,500 households across the developments – Brickland Weave, Plantation Edge I & II, and Plantation Verge.
In a statement released on September 30, Keppel announced that it will collaborate with HDB to deliver the CCS to each home. The system works by transporting chilled water from centralised chillers installed on the rooftops of selected HDB blocks to cool the flats. Keppel also mentions their use of innovative engineering and design features, as well as industrial-grade materials, to ensure industry-standard performance.
Once 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.
Tan Meng Dui, CEO of HDB, expresses their excitement to have a well-established player like Keppel as a CCS service provider for future BTO projects. With more market players involved in providing CCS services for public housing, they hope to enhance the industry’s capabilities and deepen the CCS ecosystem to create highly liveable and sustainable HDB living.
Cindy Lim, CEO of Keppel’s infrastructure division, adds, “Keppel is pleased to be awarded the contract to provide cooling services to these three latest precincts in Tengah. With over two decades of experience in serving the cooling needs of various establishments, including business parks, commercial offices, hotels, malls, and mission-critical facilities like wafer fabs and data centres, Keppel is well-equipped to work closely with HDB in delivering high-quality and modern cooling solutions to homeowners.”
Keppel’s combined cooling portfolio, including assets under development, totals over 260,000 refrigeration tonnes in the region.
The contract is not expected to have a significant impact on Keppel’s earnings per share (EPS) and net tangible asset (NTA) per share for the current financial year.
As of 9:29 am, Keppel’s shares are trading 1 cent higher or 0.15% up at $6.63.