Keppel Seghers Engineering Singapore Pte Ltd (Keppel Seghers), the environmental technology division of Keppel Integrated Engineering (KIE), has received in-principle approval for the development of a waste-to-energy (WTE) plant from the People’s Committee of Ho Chi Minh City (HCMC).

Featuring Keppel Seghers’ in-house technology, the proposed plant in HCMC will be the first WTE plant in Vietnam and also the biggest WTE facility in Southeast Asia, outside Singapore. With the capacity to treat 2,000 tons of waste per day, the plant will generate more than 20 MW of green energy for HCMC.

The proposed plant will play an integral role in HCMC’s sustainable waste management plans and will enhance living conditions for local communities. The plant will reduce the volume of waste by up to 90% thereby extending the life of existing landfills, freeing up more land for commercial, industrial and residential uses.

Mr Chua Chee Wui, CEO of KIE, said, “Keppel is privileged to support the People’s Committee of Ho Chi Minh City’s progressive vision of building a sustainable, quality environment. The waste-to-energy facility demonstrates the foresight of the People’s Committee of HCMC and its commitment towards efficient and effective resource management and environmental protection.”

With growing global awareness of the need for sustainable development, comes the appreciation of solid waste as a valuable resource for green energy. WTE facilities can support economic development and improve the quality of lives by converting solid waste to green energy.

“Keppel, with its track record and proven technology, is well-positioned to offer innovative solutions to address the increasing environmental needs of communities. We will continue to tap the opportunities to offer both water and thermal waste treatment solutions in this region.” Mr Chua added.

Keppel Seghers will disclose details of the project when they are finalised.

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

Background information

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 environmentally-friendly industry applications for the removal of organic substances from metal parts and tools.

In 2006, KIE also secured a contract to design, build and operate an integrated solid waste management plant in Qatar for S$1.7 billion. This facility will handle and treat domestic solid waste for the whole of Qatar. KIE will operate and maintain the facility for 20 years.

With an initial capacity to treat more than 1,550 tons of waste a day, the facility will comprise waste separation and recycling facilities, landfill, composting plant and Waste-to-Energy (WTE) incineration plant. This is expected to be operational in 2009.

Keppel Seghers is also developing Singapore’s fifth incineration plant under a 25-year Design-Build-Own-Operate (DBOO) contract from the National Environment Agency (NEA). Expected to be operational by 2009, the plant will be able to treat 800 tonnes of solid waste a day to generate more than 20 MW of green energy.

Keppel’s growing presence in Vietnam

Building on a strong relationship which has spanned more than 20 years and across our key businesses, Keppel is poised to contribute to Vietnam’s next phase of development.

Property

In HCMC, Keppel Land is currently developing Saigon Sports City, a 64-ha master-planned integrated township development comprising residential, commercial, and retail components; the fully-sold Villa Riviera, an exclusive 101-unit waterfront villa development and Saigon Centre, a mixed development comprising international-class office buildings, serviced apartments and retail component.

Keppel Land’s other developments in HCMC include three waterfront residential developments fronting the Saigon River in Binh Thanh District, Ca Cam River in District 7 and Ca Tre River in District 2, and two villa and condominium developments near Saigon High Tech Park in District 9.

More recently, Keppel Land, partnering local property developer, Hung Phu Real Estate Investment Corporation, announced its eighth Vietnamese development this year. Together, they will develop a 9.7 ha (97,000 sm) site into a premier waterfront enclave in District 9 of HCMC.

In Hanoi, two Memorandums of Understanding have been signed with local joint venture partners to develop residential townships.

Keppel Land is also developing a 509-ha waterfront township in Long Hung, Long Thanh, Dong Nai.

Offshore & Marine

Through the years, the Keppel Offshore & Marine group has built up a successful track record of participating in Vietnam’s offshore and marine industry.

Vietnam’s first new jackup rig Tam Dao 1 was built, tested and commissioned by Keppel FELS in 1988. Several vessels converted by Keppel Shipyard for Vietnamese companies are currently operating in waters off Vietnam.

Keppel FELS Limited (Keppel FELS), the wholly-owned subsidiary of Keppel Offshore & Marine Limited (Keppel O&M), recently secured a repeat order from PetroVietnam Drilling Investment Corp (PVD Invest) to build a multi-million jackup drilling rig, following its successful delivery of a premium rig in March 2007.

For further information, please contact

Mr Ang Lai Lee
Senior Executive
Group Corporate Communications
Keppel Corporation
Tel: +65 8233 9299
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