Press releases

Singapore, December 15, 2008 - Keppel Seghers Belgium NV (Keppel Seghers Belgium) and Keppel Seghers Latinoamèrica SA (Keppel Seghers Argentina), the environmental subsidiaries of Keppel Integrated Engineering Limited (KIE), have secured two contracts worth nearly S$120 million respectively in Guadeloupe, France, and Honduras.

In Guadeloupe, an overseas region of France, Keppel Seghers Belgium will design and provide a full suite of technology package for a new waste-to-energy (WTE) plant. The WTE plant will be built for Valorgabar, a single purpose company owned by Urbaser, an environmental services company under the Spanish construction group ACS (Actividades de Construccion y Servicios). The plant is built as part of a Public Private Partnership (PPP) project between Valorgabar and SICTOM de l’agglomération Pointoise (Guadeloupe local authority).

When completed in 2011, the plant will treat household, hospital and industrial waste of up to 130,000 tonnes per year to generate steam and electricity.

About Keppel Integrated Engineering

KIE is a wholly-owned subsidiary of Keppel Corporation Limited.

Keppel Seghers group of companies, which are owned by KIE, are leading providers 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 Group offers a full range of environmental-friendly industry applications for the removal of organic substances from metal parts and tools.

Keppel Seghers Group has an established track record of involvement in waste-to-energy projects in Europe, the Americas 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.

In the Middle East, Keppel Seghers Engineering Singapore Pte Ltd (KSES) was 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 1,500 tonnes of waste per day. KSES was also awarded a contract from ASHGHAL, the Public Works Authority (PWA) in Qatar, for the design, building, operation and maintenance of a wastewater treatment and reuse plant in Qatar.

Currently, KSES is building Singapore’s 5th incineration plant which will treat up to 800 tonnes of waste per day.

The Guadeloupe WTE plant will feature Keppel Seghers’ innovative Air-Cooled Grate, horizontal boiler design, an integrated prism and a dry flue gas cleaning system with catalytic SCR deNOx technology, offering state-of-the-art energy recovery. Keppel Seghers’ technology also enables the emissions to surpass EU requirements, which are the most stringent in the world. The civil works for the plant will be managed by Urbaser.

In Honduras, Keppel Seghers Argentina will design and provide turnkey supply mechanical and electrical works for the first stage construction of the Bahia de Tela Waste Water Treatment Plant. Featuring Keppel Seghers’ UNITANK®, the first stage construction, which is expected to be completed by 2009, will treat 1,650 cubic metres of wastewater per day. When fully completed, the wastewater plant will contribute to maintaining the pristine environment of the Los Mico Beach & Resorts in Honduras.

Mr Chua Chee Wui, Chief Executive Officer of KIE said, “Sustainable development with world class management of solid waste and water is now becoming a key feature of urbanisation.

“WTE is recognised as the most sustainable and most viable form of managing solid waste. The WTE treatment process also generates green energy. Keppel Seghers’ WTE technology is recognised by many as one of the best in the world in treating solid waste and has one of the best efficiency ratio in converting waste into green energy, be it in the form of electricity or steam.

“Apart from Europe, the Latin America market has been an area of focus for Keppel Seghers for many years. We have executed many municipal and industrial wastewater projects in Argentina, Mexico, Brazil, Peru and now, Honduras.”

The above-mentioned contracts are not expected to have material impact on the net tangible assets or earnings per share of Keppel Corporation Limited for the current financial year.


“Mr Claude Saint-Joly, CEO of Urbaser environment, and President of Valorgabar which
awarded the contract for the Guadeloupe project to Keppel Seghers Belgium NV”

For further information, please contact

Say Huan Yuan
Executive
Group Corporate Communications
Tel: (65) 6413 6297
Email: huanyuan.say@kepcorp.com