Published July 2, 2009

Keppel unit wins 11m euro WTE deal

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KEPPEL Seghers Belgium NV, a wholly owned subsidiary of Keppel Integrated Engineering (KIE), has secured an 11 million euro (S$22.3 million) contract to provide technology to a waste-to-energy plant (WTE) in Hangu, Tianjin Province, China. The contract was awarded by Tianjin Binhai Environmental Industry Development Ltd. KIE is a unit of Keppel Corp.

Located in Binhai Technical & Economic Development Area (TEDA), Tianjin, the plant will have three incineration lines which will be able to treat 1,500 tonnes of municipal waste per day to generate more than 20 MW of green energy. It is expected to be operational in 2011.

Keppel Seghers will provide equipment for the furnace, boiler and flue gas cleaning components of plant.

The KIE group is currently the market leader for imported waste-to-energy solutions in China, with 60 per cent of the market. Earlier in March this year, Keppel Seghers was also awarded a $30 million contract to provide technology to a WTE plant in Jinan, Shandong. That plant will be able to treat 2,000 tonnes of municipal waste per day.

The latest contract is not expected to have material impact on the net tangible assets or earnings per share of Keppel Corp for the current financial year.