Finance

Keppel Secures Groundbreaking Contract for Centralized Cooling in Tengah BTO Projects

2024-09-30

Introduction

In a significant move towards enhancing urban living, the Housing & Development Board (HDB) has awarded a 20-year contract to Keppel, a global asset management leader, to develop and operate cutting-edge centralized cooling systems for three upcoming Build-To-Order (BTO) projects in Tengah. This ambitious endeavor will provide essential cooling services to approximately 3,500 households residing in Brickland Weave, Plantation Edge I and II, and Plantation Verge.

Project Timeline and Challenges

As part of a recent announcement made on September 30, the projects are expected to be completed between the second and fourth quarters of 2027. This initiative comes on the heels of earlier challenges faced in the area, where a previous centralized cooling implementation by SP Group and manufacturer Daikin encountered issues like condensation and leaks.

Keppel's Experience and Commitment

Keppel's infrastructure division is confident in leveraging its extensive experience and robust track record, managing a cooling portfolio that exceeds 260,000 refrigeration tonnes across the region. Earlier this year, Keppel also secured a 30-year deal to establish a large-scale district cooling plant in the Jurong Lake District, showcasing its commitment to innovative urban cooling solutions.

Innovative Approaches to Cooling

To enhance the reliability and aesthetic of the cooling systems, Keppel plans to employ innovative engineering techniques and industrial-grade materials. This approach aims to ensure performance that meets industry standards while transforming the visual appeal of shared spaces within the housing projects.

Remote Monitoring and Sustainability

The state-of-the-art cooling system will be connected to Keppel's operations nerve centre in Changi, allowing for remote monitoring and real-time performance adjustments. This initiative not only ensures efficiency but also promotes sustainability in urban living, aligning with global trends towards eco-friendliness.

HDB's Vision for a Sustainable Environment

HDB Chief Executive Tan Meng Dui emphasized the importance of having diverse players in the market, hoping that increased competition would elevate industry capabilities, resulting in a more livable and sustainable environment for residents. Keppel's CEO for the infrastructure division, Ms. Cindy Lim, reaffirmed the firm’s commitment, noting that over two decades of experience in meeting the cooling demands of business parks, commercial offices, hotels, and malls uniquely positions them to deliver innovative solutions for homeowners.

Resident Engagement and Experience

Residents of the new BTO projects will have the opportunity to explore the cutting-edge cooling technology firsthand. Starting from September 30, they can visit Keppel’s experience centre at the HDB Hub in Toa Payoh, where they can view demonstrations and a mock-up of the cooling system designed for their future homes.

Conclusion

With this strategic move, Keppel aims not just to cool homes but to redefine how Singaporeans experience comfort in their living environments—could this be the beginning of a new era in sustainable urban living?