Keppel Integrated Engineering Limited (KIE), a wholly-owned subsidiary of Keppel Corporation Limited, is pleased to announce that it signed an agreement to form a joint venture company, Tianjin Eco-City Energy Investment and Construction Co., Ltd (TECEIC) with Tianjin Eco-City Investment & Development Co., Ltd.(TECID Co.) and Tianjin Jinneng Investment Co. (Tianjin Jinneng).

This will be the second joint venture that KIE is partnering TECID Co. to explore opportunities for infrastructure projects in the Sino-Singapore Tianjin Eco-City (SSTEC). Earlier on 11 June, KIE also formed a JV for environmental protection with TECID Co. and Tianjin TEDA Co., Ltd.

TECEIC will focus on the investment and implementation of energy and utilities-related infrastructure, as well as the operations and maintenance of these facilities in the Sino-Singapore Tianjin Eco-City (SSTEC). TECEIC will also look into the development and promotion of renewable energy.

The joint venture company, TECEIC, will be 60% held by TECID Co., 20% held by Tianjin Jinneng and 20% held by KIE. The joint venture company’s registered capital of 200 million RMB will be contributed by the parties in cash in proportion to their shareholdings upon approval by the authorities.
Mr Goh Chin Aik, Director (Plant Operations and Utilities) of KIE and Board member of TECEIC, said, “This second partnership with TECID Co. strengthens the relationship we have with our local partners.

“We share the same vision that the Eco-City will present a myriad of opportunities for the development of efficient and green utility infrastructure and the promotion of renewable energy.”

Keppel Corporation Limited is the leader of the Singapore Consortium for the Sino-Singapore Tianjin Eco-City (SSTEC).

The joint venture is not expected to have any material impact on the net tangible assets and earnings per share of Keppel Corporation Limited for the financial year ending 31 December 2008.



Keppel Integrated Engineering Limited (KIE)

KIE is the environmental technology and engineering division of Keppel Corporation Limited, a leading company in Singapore listed on the Singapore Exchange Securities Trading Limited.

Keppel Seghers, a member of the KIE Group, is a leading provider of comprehensive environmental solutions, including alternative energy, ranging from consultancy, design and engineering, technology and construction to operation and maintenance of facilities.

With a global footprint in more than 25 countries, KIE provides technology and fulfillment services for the treatment of municipal solid waste, hazardous and medical waste, wastewater and sludge treatment, potable water, desalination and home filtration systems.

To date, KIE has more than 350 water and wastewater projects and more than 300 thermal waste treatment solutions projects worldwide. KIE continues to actively pursue thermal waste treatment, water and wastewater treatment projects globally.

For further information, please contact

Mr Ang Lai Lee
Assistant Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: (65) 6413 6427 / (65) 82339299
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