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Keppel unit secures 2 technology solutions contracts for China waste-to-energy plants
KEPPEL Seghers Belgium NV, a wholly owned subsidiary of Keppel Infrastructure Holdings Pte Ltd, has secured two contracts to provide incineration technology and services for the Beijing Fangshan District Circular Economy Industrial Park Waste-to-Energy (WTE) plant and the Hunan Yueyang Municipal WTE plant.
The two contracts are worth over S$20 million and have a total incineration capacity of 2,220 tonnes per day (TPD).
Keppel said in a Singapore Exchange filing on Monday that the Yueyang WTE plant will have an incineration capacity of 1,220 TPD, and will be Keppel Segher's first WTE project in Hunan province. The plant will also be able to provide up to 25 MW of green electricity. Both plants are scheduled to be operational by 2019.
The contracts, awarded by Beijing Environmental and Sanitary Group and Yueyang City Construction Investment Group Co Ltd, are for the provision of core equipment, design and technical services for the plants' furnaces and boilers.
Ong Tiong Guan, CEO of Keppel Infrastructure, said: "Building on our track record of providing reliable WTE technology across China, we are pleased to strengthen our presence in Beijing as well as mark our entry into Hunan Province with the Yueyang WTE plant."
Keppel said that the above transactions are not expected to have any significant impact on the earnings per share and net tangible asset per share of the company for the current financial year.