Keppel Seghers Belgium N.V. (Keppel Seghers), the environmental technology division of Keppel Integrated Engineering (KIE), has secured a €34 million (approximately S$74.8 million) turnkey contract for a Combined Heat and Power (CHP) waste-to-energy plant owned by Amotfors Energi AB (Amotfors Energi), in Amotfors, Sweden.

When completed in 2010, the plant will process close to 70,000 tonnes of waste per year to generate steam and electricity. Amotfors Energi has entered into a 20-year agreement to supply steam and electricity to Amotfors Bruk’s papermill operations. Eventually the plant will also be able to supply district heating to neighbouring industries and buildings.

Mr Chua Chee Wui, Chief Executive Officer of Keppel Integrated Engineering, said, “With escalating energy prices, businesses are keen to explore alternative energy sources including renewable and/or green energy.

“Waste can be an effective supplementary source of green energy for businesses to tap on so as to reduce their dependency on traditional energy sources. Keppel Seghers is well-placed, with its comprehensive suite of thermal solutions and proven track record, to help companies apply and integrate green energy as part of their business.”

With the exception of civil works, the CHP waste-to-energy plant will be entirely designed and built by Keppel Seghers. The plant will feature Keppel Seghers’ proprietary Air-Cooled Grate, vertical boiler design and semi-dry flue gas cleaning system with Keppel Seghers’ Rotary Atomiser, offering not only state-of-the-art energy recovery but also ensuring emissions surpass the stringent EU requirements. The plant will be equipped with fully automatic refuse and ash handling cranes, minimising the number of operators needed.

Amotfors Energi has been formed as a single purpose company to build and operate the CHP waste-to-energy plant. Amotfors Energi is owned 37.5% by Nordic Paper through its wholly-owned subsidiary Amotfors Bruk. KIE, through its wholly-owned Netherlands subsidiary, Keppel Seghers Holding B.V. (Keppel Seghers Holding), will take up a 22% equity stake in Amotfors Energi. Keppel Seghers Holding’s total investment in both equity contributions and loans will amount to 35.2 million Swedish Kroners (approximately S$8.1million). The remaining shares are owned in equal parts by three financial institutions.

The above-mentioned contract by Keppel Seghers and the investment by Keppel Seghers Holding in Amotfors Energi are not expected to have material impact on the net tangible assets or earnings per share of Keppel Corporation for the current financial year.

About Keppel Integrated Engineering

Keppel Integrated Engineering (KIE) is a wholly-owned subsidiary of Keppel Corporation.

Keppel Seghers, a subsidiary of KIE, is a leading provider 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 offers a full range of environmental-friendly industry applications for the removal of organic substances from metal parts and tools.

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

Keppel Seghers was also awarded two contracts by the Ministry of Municipal Affairs and Agriculture of Qatar for the Engineering, Procurement and Construction (EPC) and Operation and Maintenance of an integrated solid waste management facility which can treat 1500 tonnes of waste per day. Currently, Keppel Seghers is also building Singapore’s 5th incineration plant which will treat up to 800 tonnes of waste per day. The plant is scheduled to be completed by 2009.

For further information, please contact

Mr Ang Lai Lee
Senior Executive
Group Corporate Communications
Keppel Corporation Ltd
Tel: (65) 64236427
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