SINGAPORE, 25 March 2009 - Keppel Seghers Belgium N.V. (Keppel Seghers), a wholly-owned subsidiary of Keppel Integrated Engineering Limited (KIE), has secured an €14.45 million (approximately S$30 million) contract to provide technology and services to a waste-to-energy plant (WTE) in Jinan, Shandong Province, China. The contract was awarded by Riseland Holdings, a subsidiary of Everbright International.

When completed in 2011, the plant will be able to treat 2,000 tonnes of municipal waste per day, making it one of the largest WTE plants in China.

Keppel Seghers will provide its equipment design and technical services for the furnace, boiler and flue gas cleaning components of plant. Its technology will enable the plant to have longer continuous operation, high waste throughput, and high steam production for power generation.

Mr Chua Chee Wui, Chief Executive Officer, KIE, said, “This is the fifth time that Keppel has received the vote of confidence from Everbright since our first partnership in 2004.

“This affirms the strength, reliability and cost-effectiveness of Keppel’s WTE technology which meets the needs of our partners and customers.”

KIE is currently the market leader for imported waste-to-energy solutions in China, with 60% of the market.

The above-mentioned contract is not expected to have material impact on the net tangible assets or earnings per share of Keppel Corporation Limited for the current financial year.

About Keppel Integrated Engineering (KIE)

KIE is a wholly-owned subsidiary of Keppel Corporation Limited.

The Keppel Seghers group of companies (Keppel Seghers Group), which are owned by KIE, are leading providers of comprehensive environmental solutions ranging from consultancy, design and engineering, technology and construction to operations and maintenance of facilities. Its advanced technology solutions address a wide spectrum of environmental issues such as solid waste, wastewater, drinking & process water, biosolids & sludge. In addition, Keppel Seghers Group offers a full range of environmental-friendly industry applications for the removal of organic substances from metal parts and tools.

Keppel Seghers Group has an established track record of involvement in waste-to-energy (WTE) projects in Europe, the Americas and the Asia Pacific for more than 40 years. It is the market leader for imported WTE solutions in China where it has 60% of the market share.

Recently, Keppel Seghers Group also secured WTE projects in Sweden as well as Guadeloupe, an overseas region of France.

Notably, in the Middle East, Keppel Seghers Group is implementing two contracts worth approximately S$1.7 billion by the Ministry of Municipality and Urban Planning of Qatar for the Engineering, Procurement and Construction (EPC) and Operation and Maintenance of an integrated solid waste management facility which can treat 2,300 tonnes of waste per day.

Currently, Keppel Seghers Group is building the Keppel Seghers Tuas Waste-to-Energy Plant in Singapore which will treat up to 800 tonnes of waste per day. Upon completion, Keppel Seghers will operate and maintain this plant under a 25-year contract with the National Environmental Agency, an agency of the Singapore Government.

For further information, please contact

Ang Lai Lee (Mr)
Assistant Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: 64136427
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