From today, homeowners can visit the new Keppel Energy-as-a-Service (EaaS) Experience Centre at the Toa Payoh HDB Hub for a demonstration of the solutions offered.

The Housing & Development Board (HDB) has awarded Keppel Ltd.’s Infrastructure Division (Keppel) the chilled water supply contract to design, build, own and operate Centralised Cooling Systems (CCS) at three upcoming Build-to-Order (BTO) projects Brickland Weave, Plantation Edge I & II and Plantation Verge in Tengah. This contract is for a period of 20 years and will serve approximately 3,500 households across the three HDB projects.

2 Mr Tan Meng Dui, CEO of HDB said, “Being the master developer of public housing in Singapore, we constantly strive to build quality and sustainable homes for Singaporeans. 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.”

3 Ms Cindy Lim, CEO of Keppel’s Infrastructure Division said, “Keppel is pleased to be awarded the contract to provide cooling services to these three latest precincts in Tengah. 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.”

4 As the pioneer district cooling service provider in Singapore, Keppel has a combined cooling portfolio of more than 260,000 refrigeration tonnes in the region¹. In 2023, it was awarded by Singapore’s Urban Redevelopment Authority to design, build, own and operate a new large-scale district cooling plant for 30 years at Jurong Lake District. In addition, Keppel is also providing cooling services to renowned CapitaLand and Perennial Holdings flagship developments in Singapore and China and mission-critical functions such as Micron’s semiconductor fabrication plants. Keppel will be implementing CCS at the selected housing projects in Tengah to deliver better energy efficiency and reduce energy consumption compared to conventional air conditioning split unit systems, by aggregating cooling demand and delivering it via a centralised chilled water system.

5 Leveraging its track record and expertise, Keppel will work with HDB on the delivery of CCS to each home (refer to Annex A for more details). Keppel will be incorporating innovative engineering and design features and utilising industrial grade materials to achieve industry standard performance, durability, as well as to take into account aesthetic considerations. When completed, the CCS at the three BTO projects will be connected to Keppel’s state-of-the-art Operations Nerve Centre (ONC) for remote control and real-time performance monitoring.

Homeowners can visit the new Keppel EaaS Experience Centre at HDB Hub in Toa Payoh to learn more about CCS and Keppel’s engineering and purpose-built designs in a physical mock-up of a typical home unit.

Homeowners can visit the new Keppel EaaS Experience Centre at HDB Hub in Toa Payoh to learn more about CCS and Keppel’s engineering and purpose-built designs in a physical mock-up of a typical home unit. (Credit: Keppel)

6 From today, homeowners can visit the new Keppel EaaS Experience Centre at HDB Hub in Toa Payoh to learn more about CCS and Keppel’s engineering and purpose-built designs in a physical mock-up of a typical home unit. Homeowners may express their interest to sign up for CCS and book an appointment slot to visit the new Experience Centre via Keppel EaaS’ website at https://www.keppeleaas.com/.

7 The abovementioned contract is not expected to have any material impact on the earnings per share and net tangible asset per share of Keppel Ltd. for the current financial year.

¹Including assets under development.

Joint Press Release by HDB & Keppel - HDB Awards 20-Year Centralised Cooling Systems Contract for Three Tengah BTO Projects to Keppel