The Business Times
Summary
SP GROUP on Wednesday (May 18) clinched a US$370 million (S$513 million) deal to build and operate a district cooling system at French-Italian chipmaker STMicroelectronics’ manufacturing site in Ang Mo Kio over 20 years.
Once the system is operational in 2025, it will be Singapore’s largest industrial district cooling system, dwarfing the one built by Keppel DHCS, a wholly-owned subsidiary of Keppel Infrastructure, at Woodlands Wafer Fab Park.
The site, ST AMK TechnoPark, is STMicroelectronics’ single largest wafer-fabrication site by volume, and the district cooling system is expected to help the facility cut back on its emissions by up to 120,000 tonnes a year – equivalent to taking 109,090 cars off the road.
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