The Business Times
Summary
KEPPEL Corporation has clinched a contract to design, build, own and operate a new large-scale district cooling system (DCS) plant for 30 years, during which the conglomerate expects to generate about S$950 million.
In a bourse statement filed on Tuesday (Jun 20), Keppel said the deal won by its infrastructure division from the Urban Redevelopment Authority is for a DCS plant in the Jurong Lake District.
The plant will have a design capacity of 29,000 refrigeration tonnes (RT) to supply chilled water and related services to an estimated 1.4 million-square-metre gross floor area and is intended to serve future developments in the district, including offices, business parks, residential, retail, hotel and institutional uses.
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