Keppel Secures US$70 Million Worth of Contracts to Provide "Energy-As-a-Service" in Vietnam

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Keppel Secures US$70 Million Worth of Contracts to Provide "Energy-As-a-Service" in Vietnam

The Business Times2023-07-11

KEPPEL on Monday (Jul 10) announced that it has secured US$70 million worth of contracts to provide long-term and recurring “energy-as-a-service” (EaaS) in Vietnam.Keppel’s EaaS enables businesses and...

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The projects are expected to be completed in phases and are projected to offset over 3,500 tonnes of carbon emissions annually.“The signing of our latest contracts and the opening of our advanced Operations Nerve Centre here in Ho Chi Minh City are significant steps forward in the expansion of our EaaS offerings and track record in Asia,” said Poh Tiong Keng, Keppel’s general manager for its Vietnam and India infrastructure division.At the opening ceremony, Keppel also signed several Memorandums of Understanding with various partners in Vietnam – including Filmore Group and real estate company Alphanam Group – to explore implementing other types of EaaS offerings, including cooling, solar photovoltaic systems and electric vehicle charging.Shares of Keppel closed S$0.02 or 0.3 per cent higher at S$6.47 on Monday, before the announcement.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":3,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}