Members of the Keppel Group will deepen and broaden its investments and scope of activities in the Sino-Singapore Tianjin Eco-City (Tianjin Eco-City) in China through three agreements. The first agreement will be signed by Keppel Telecommunications & Transportation Ltd (Keppel T&T) for the land use rights for the development of an integrated logistics distribution centre within the Eco Industrial Park (EIP) of the Tianjin Eco-City.

Keppel Integrated Engineering Ltd (KIE), wholly owned subsidiary of Keppel Corporation Limited, will sign a framework agreement to explore joint investment and development of water treatment projects in the Tianjin Eco-City. KIE will also enter into a lease agreement that will establish its presence in a new innovation centre.

The agreements, when fully executed, will significantly increase Keppel Group's presence in the Sino-Singapore Tianjin Eco-City (Tianjin Eco-City) in China. They will be signed at a ceremony to be witnessed by Singapore Minister for National Development Mr Mah Bow Tan and other Singaporean and Chinese dignitaries.

In the framework agreement with Tianjin Eco-City Investment and Development Company (TECID), KIE will explore joint investment and development of water treatment projects in the Tianjin Eco-City. The projects will include a new water recycling plant that will reuse reclaimed wastewater in the Eco-City.

BG (NS) Tay Lim Heng, CEO of KIE, said, "The collaboration with TECID will leverage KIE's wide experience in wastewater treatment and water recycling to contribute towards the growth of the water resource and wastewater management industry in the Tianjin Eco-City."

The water plant will purify treated wastewater to a quality that is higher than China's national water discharge standard. The recycled water is suitable for reuse in a number of non-potable applications such as landscaping, parks and golf courses irrigation, as well as in various industrial applications such as cooling water, dust control and construction activities. The recycled water from the water plant hence provides an additional source of water, reducing overall demand on fresh water and alleviating water scarcity challenges in North China.

At the same time, KIE will enter into an agreement with SSTEC to lease 3,000 square metres of office, laboratory and workshop space for the Tianjin Eco-City Sustainable Development Innovation Centre (TSDIC). KIE is the first anchor tenant of what is envisioned to be a vibrant centre for R&D and innovation in the Eco-City. As one of the Singapore companies deploying eco-technologies in the Tianjin Eco-City1, Keppel Integrated Engineering (KIE) will also take the lead in developing the TSDIC.

The TSDIC will bring together international educational institutions, government agencies, leading international companies and financial institutions under one roof. As the Eco-City will be a model of sustainable urban living, the TSDIC will play an important role in attracting talents from China and the rest of the world.

 By having a significant presence in the TSDIC, KIE will tap on the innovation centre's talent pools and networks to strengthen its environmental engineering competencies and offerings. The foregoing agreements are not expected to have any material impact on the net tangible assets and consolidated earnings per share of Keppel Corporation Limited for the current financial year.

 1 KIE will be providing district heating and cooling system in the Tianjin Eco-City through a joint venture.

For further information, please contact:

Ang Lai Lee (Mr)
Senior Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: 6413 6427 / 8233 9299
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