JULY 2009

eppel www.kepcorp.com/ekeppelite

Keppel Group Newsletter

Keppelite
Message from the
new Chairman 4

Developments in
Tianjin Eco-City 24

Tops for
governance 27

One heartbeat
for success
MICA(P) NO. 2006/12/2008
Keppelite I July 2009
19 28

41

Contents
SUSTAINING GROWTH Savouring Keppel Island in style 29
Message from the new Chairman 4
Win-win partnership 30
A solid first half 6
Elevating sustainability in urban living 31
Growing business and people 8
Proactive risk management
Modest growth in challenging times 10 People matters

Focus on sustaining growth 14 Pandemic prepared 32

$30m in semi upgrading contracts 16 Friends from far and wide 34

Fifth ice-class vessel completed 17 Once a Keppelite, always a Keppelite 36

Proposal to unlock value in Evergro Properties 18 EMPOWERING LIVES

Generation of growth 38
One heartbeat for success 19
KRC to draw more Keppelites 41
Addressing global water needs 20
Gearing up for the big race 42
Ushering in propitious tidings 21
Living ties 44
Perfect reach 22
Keppelites Abroad
Commendations from customers 23 Bridging two worlds 45

SPECIAL FOCUS The games in swing 46

Keppel’s interests in Tianjin Eco-City 24 Bonding over bowling
Tops for governance 27 NURTURING COMMUNITIES
Developing Asia’s Best Keppel Volunteers
Pride on parade 47
Keppel FELS Baltech turns fifteen 28
BACK PAGE
New WTE technology contract in Tianjin 48

Cover image: (R-L) Mr Abu Bakar, Senior GM (Operations) of Keppel Shipyard, Mr Ahmed Mahmud Yayale,
Secretary to the Government of the Federal Republic of Nigeria, and Mr Dimeji Bankole, Nigeria’s Speaker of
the House of Representatives, at the naming ceremony of FPSO Armada Perdana whose timely conversion
work is a result of the strong teamwork between Keppel Shipyard and repeat customer Bumi Armada Berhad.

eppel
Published for people in the Keppel Group by the Group Corporate Communications Division, Keppel Corporation Limited, 1 HarbourFront Ave, #18-01 Keppel Bay Tower,
Singapore 098632. Printed by Image Printers Pte Ltd, Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, #03-12, Singapore 159456.

Editorial Advisor
Wang Look Fung

Editor
Say Huan Yuan

Editorial Committee
Agnes Wu, Ang Lai Lee, Catherine Tan, Chen Xi, Cheryl Tang, Chua Ying Ying, Diana Chan, Donald Sng, Eva Ho, Faye Chiam, Geraldine Lai, Grace Chia, Ivana Chua,
Jacquelyn Wong, Jeanette Pang, Lee Yin Chiin, Lin Mei Li, Lynette Chong, Lynette Goh, Mak Chui Ling, Marianne Goh, Mohamed Yusof Mohamed, Rebecca Ng, Roy Tan,
Sarah Seah, Serena Toh, Teri Liew, Wong Chai Yueh, Woon Pek Yong, Vett Ramos

Keppelite I July 2009 CO REG NO: 196800351N

 Editorial
Securing every stitch and
seam for the long haul
Despite the ‘come what may’ attitude so Such maintenance and repair works take lengths
redolent of many sailors’ carefree ways, the most of time and effort but result in a solid ship safe for
experienced captains are far from blasé when it the long haul.
comes to preparing for a safe offshore passage.
The scale and stringency of continuous efforts
In fact, it may even be said, that the best sea taken by Keppel to inculcate best practices are
masters are obsessive about preparing for the worst similarly immense.
or the unexpected.
Like well-weathered skippers, Keppel’s Board and
And so it is too, that corporations like ours, Keppel, top management are committed to growing the
must study our course and inspect all our riggings Group’s long-term sustainability. Over the years,
and systems to ensure a watertight and hard- with their strategic steerage, the Group has
wearing ship. This way, we can be sure of a safe strengthened its robust risk management system
journey, especially if it turns out to a long one. and built a resilient and risk-centric culture rooted
in consistent and prudent adherence to policies
The level of provision and precaution that sailors and internal controls.
take, which some may call paranoia can be
appreciated in the context of the amount of risks In addition, Group Risk Management develops and
and uncertainties in all forms at sea, from troubled regularly reviews Group-wide risk-related policies
waters to turbulent storms. and guidelines to promote risk-based decision
making and ensure alignment to the Group’s
In the business world, market caprice and volatility overall corporate objectives.
rival that of oceans. For Keppel, sailing in foreign
waters with operations in some 30 countries With these measures in place, our stakeholders
presents a multitude of risks and challenges too. can be reassured that Keppelites remain vigilant
and disciplined especially through these uncertain
That’s why risk management is taken very seriously times.
at Keppel. To enhance our long-term operational
resilience, we have in place rigorous risk The threats are real. The current global economic
management controls to protect the interests of maelstrom has tossed up and out even the biggest
our shareholders. of global financial institutions and private
corporations, many of whom have been wrecked
In sailing, great pains are taken before every voyage for failing to identify treacherous risks or were ill-
to check and recheck the integrity of every stitch equipped with poor internal controls.
and seam on all the sails, from the giant kite to
the littlest storm jib. Every sail has a specific purpose When the tide rises, all ships, big and small, will
and will be called upon in times of need; and all float they say. But the best prepared will be carried
are judiciously cared for. aloft by well-set sails, soaring ahead of the rest.

Indeed, on a well-kept ship, no floorboard should

be left unturned. No chafe left bald without a
patch, and no bolt left unfastened. Every tiny pin
and spring in the winches too is carefully taken
apart, hand-cleaned and replaced.

Keppelite I July 2009

 Sustaining Growth
4 Sustaining Growth

Message from the new Chairman

Dr Lee Boon Yang, who assumed Chairmanship in Keppel on 1 July 2009,
shares his aspirations for the Group.

Dear Keppelites,
We have to continue to examine our strategy going
I joined the Keppel Board
from 1 May 2009 and forward and be prepared to make changes and even
assumed the Chairmanship reposition some businesses in order to emerge from
on 1 July 2009. Since joining
Keppel, I have learned much this downturn in better shape and in stronger
about our operations. From position for the upturn.
its humble origins forty years
Dr Lee Boon Yang
ago as a ship repair yard,
Chairman, Keppel Corporation
Keppel has grown into a
Singapore conglomerate
operating in 35 countries
worldwide. Keppel’s reach the-art solution to meet In the short period since also nurture talents and
extends to Brazil in South our valued customer’s coming onboard, I had many encourage innovations. We
America, Texas in the USA, requirements on time and interactions with senior have harmonious and
numerous European and according to budget. I saw management and executives, cooperative relations with
Central European countries how Keppel had been able young and not so young. The our unions and workforce. In
as well as the Middle East to build up a strong, lasting key takeaway from such a 35,000-strong Group,
and much of Asia and South and mutually profitable meetings is that Keppelites this is no easy feat. It must
East Asia. We provide partnership with customers are confident, capable and have taken much effort and
comprehensive solutions and around the world. realistic. We have a good dedication of management
deliver quality products team at the helm. Keppelites and workers through the
through our business units Then in March this year, at all levels share a common years to grow and nurture
wherever we operate. I visited Qatar as a member vision backed up by strong this positive relations. Such
of the President of the values and are deeply strong ties amongst the rank
Even before joining Keppel, Republic of Singapore’s passionate about what and file will continue to serve
I have always admired delegation. We were we do. Regardless of the the Group well in meeting
and respected Keppel for briefed on how Keppel won, challenge, a sophisticated the challenges ahead.
its many achievements. In amidst stiff international semi-submersible or a
December 2008, Keppel competition, landmark waste-to-energy plant or an People are our greatest asset.
Offshore & Marine invited projects for solid waste and award-winning property The times may be tough.
me to the naming ceremony waste water management development, we have done The key to successfully
for a Jindal jackup rig, which will introduce it and we are ready to do weathering the storm and
Virtue I. I was fascinated innovative and energy more. emerging stronger, better
by the breath and depth efficient solutions for Qatar. placed and more profitable
of Keppel’s proprietary I felt proud that Singapore At Keppel, we not only is good people. I am
technology and capabilities has a company with such focus on value creation in confident that the numerous
to produce such state-of- capabilities. all our businesses, but we programmes and initiatives

Keppelite I July 2009

 Sustaining Growth 5

new opportunities for value

creation and earnings
accretion to the Group and
to enhance returns to
shareholders.

Despite the adverse business

climate, Keppel’s first half
result for 2009 has been
excellent. We posted a half
year record of $603 million,
7% more than the first
six months of 2008. The
half year earnings for this
year have surpassed that
of the whole year in 2005.

This speaks well of

Management’s business
focus and ability to create
value. But there is no room
for complacency. We have
to continue to examine
our strategy going forward
and be prepared to make
changes and even reposition
some businesses in order to
in the Group for executive direction to maximise the S$1.47 billion. These two emerge from this downturn in
and leadership training, potential of every individual measures have certainly better shape and in stronger
skills development and Keppelite towards enhancing given a boost to our financial position for the upturn.
upgrading and mentorship business productivity and position and put us in strong
and R&D will ensure that competitive edge. position to weather the I am proud to join you as
newer Keppelites imbibe the difficult times. a Keppelite. I am confident
distinctive Keppel culture and Today we are facing very that by working in unison we
core values of integrity, difficult market conditions. As we deliver the orderbook will be able to write and
passion and collective To prepare for this new in Offshore & Marine and unfold new chapters in the
strength. business climate, we have, in work hard on clinching successful and inspiring story
recent months, made two fresh newbuild contracts, we of Keppel.
Chief Executive Officer, major decisions. Right after will be looking to grow
Choo Chiau Beng, recently the successful launch of the profit contributions from our
announced the setting up Keppel Land rights issue other key competencies.
of the Keppel College. which brought in nearly Challenging times also mean
Consolidating the training S$700 million, we sold our that there will be new
and talent management stake in Singapore Petroleum opportunities ahead. Our
programmes Group-wide is Company for a cash financial strength puts us in Dr Lee Boon Yang
indeed a step in the right consideration of nearly a strong position to exploit Chairman

Keppelite I July 2009

6 Sustaining Growth

A solid first half

Keppel posted highest PATMI recorded by the Group in a quarter.

Keppel Corporation’s senior management briefed press and analysts on the Company’s performance for the first half of 2009, as well as prospects of the various business units

The Keppel Group delivered Marine and Property Offshore & Marine Division At the Keppel Land level,
another strong set of results Divisions because of higher of $4,377 million was 36% revenue was $396 million
with a record first half sales and percentage higher than previous year’s compared to $459 million for
attributable profit before completion of contracts. level. In the first half, the the corresponding half last
exceptional items of Division completed and year.
$603 million and EPS of Group attributable profit delivered 15 major projects.
37.8 cents. Annualised before exceptional items of Revenue from Infrastructure
ROE was 22.1%. EVA $317 million was the highest Revenue from Property Division increased by 11% to
before exceptional items of achieved in a quarter and 6% Division of $547 million was $1,223 million. Engineering,
$452 million was $56 million above the same quarter in 7% higher. The increase was procurement and construction
higher than that of first half the previous year. due to the higher percentage (EPC) revenue recognition
2008. of physical completion for from the Doha North
GROUP REVENUE units sold in Reflections at Sewage Treatment Works
Group revenue in the second For the half year, Group Keppel Bay. Revenue from plant project in Qatar
quarter of $3,202 million revenue of $6,180 million Keppel Land was lower as contributed to the higher
was 21% above that of the was $1,326 million or several residential projects in revenue. This was partially
corresponding quarter in 27% above that of the Singapore and overseas were offset by lower revenue
2008. Higher revenues were corresponding period in completed in the last from Keppel Merlimau
reported by Offshore & 2008. Revenue from financial year. Co-generation Plant in

Keppelite I July 2009

 Sustaining Growth 7

Singapore because of lower 1H 2009 FINANCIAL RESULTS SUMMARY FOR THE KEPPEL GROUP
energy prices.
Company PATMI* (S$M) %YOY EPS# (CENTS) %YOY
PROFITS Keppel Corporation 602.6 7.4 37.8 7.1
At the pre-tax level, Group
profit of $866 million was Keppel Land 95.1 -15.8 8.2 -26.1
8% higher than the first half Keppel T&T 22.7 0.3 4.1 –
last year with increased
* Before exceptional items
contribution from Offshore & # Basic EPS
Marine and Infrastructure,
partially offset by lower
contribution from Property After taking into account will continue to be the stabilised with an active
and Investments. income tax expenses and largest contributor to the market for the office leasing
minority interests, the profit of the Group. segment. Sales of residential
Offshore & Marine Division attributable profit to township projects in China
continued to deliver earnings shareholders of $1,025 The fundamentals of the for the first half of 2009 have
growth with higher profit of million was $464 million or industry remain resilient in improved. The Group sold
$523 million, 37% above the 83% higher than the the longer term. Exploration 1,440 units of new homes in
previous year. The increased corresponding period in and production spending is the first half. Sentiments in
profit was due to the higher 2008. EVA after exceptional expected to increase to the Vietnam market have
revenue and improved items was $874 million, meet the growth in demand improved with encouraging
operating margins of the an improvement of for energy and offset sales of The Estella
Division. $478 million. Excluding declines in crude oil reserves. development.
exceptional items, attributable The Division will pursue
Infrastructure Division profit was $603 million. opportunities in existing and In the Infrastructure Division,
continued to increase its new markets and continue the major EPC contracts are
contribution to the Group Offshore & Marine Division its investments in research progressing well and on
with a profit of $79 million, remains the largest and development to schedule. The Division will
one and half times higher contributor to attributable strengthen its competitive have about 38% of the
than the previous year. earnings before exceptional position and enhance its waste-to-energy capacity in
items with 66%, followed by product and service offerings. Singapore with the soon-to-
Contribution from Property Property Division with 13%, be completed Tuas South
Division of $178 million was Investments with 12% and Sentiments for the property Waste-to-Energy Plant and
marginally lower because of Infrastructure Division with markets have improved in the acquisition of the Senoko
the lower profit from Keppel 9%. Singapore, China and Incineration Plant in the
Land. Vietnam. Sales of Singapore second half of this year.
PROSPECTS private residential properties
The decrease in profit from We are in the midst of a in the first half of this year The Keppel Merlimau Co-
Investments was due to downturn in the Offshore & have picked up and prices generation Plant continues
reduced contribution from Marine industry. But, we have stabilised. The Group to operate efficiently and
Singapore Petroleum have an outstanding will review its option to generate good returns for
Company (SPC). Exceptional orderbook of $7.7 billion launch new projects and the Group. The Division
gains of $422 million with deliveries up to 2012. re-launch existing projects in will tap on its intellectual
comprise principally profit The Division will focus on its pipeline. property in waste-to-energy
from the disposal of SPC executing its contracts well and water technology to
partially offset by impairment and deliver them on time. Prime office rentals in offer sustainable eco-friendly
of non-performing assets. Offshore & Marine Division Singapore have also solutions to its customers.
keppelite

Keppelite I July 2009

8 Sustaining Growth

Commitment to business and

people development
Against the backdrop of a volatile environment, CEO Mr Choo Chiau Beng
announced Keppel Corporation’s solid performance for the first six months
of this year.

ENVIRONMENT REMAINS Corporation has turned in yet 15 cents per share, an solutions for our customers
VOLATILE another solid performance increase of 7% on last year. and partners. The sale of
The global economic this past quarter. PATMI for our stake in Singapore
situation remained volatile in 2Q 2009 grew 6% over STRENGTHENING OUR Petroleum Company to
the second quarter of 2009. 2Q 2008 to $318 million. POSITION PetroChina was part of our
United States unemployment This brings 1H 2009 PATMI To build on our performance, strategic exercise to further
hit 9.5% in June, the highest to $603 million, a growth of we are relentlessly sharpening focus on our businesses.
in 26 years. At the same 7% over the same period our competitive edge. Our Keppel Land has also
time, there are signs of last year. businesses are focused on successfully completed its
recovery in China, with its delivery excellence and rights issue.
government increasingly EPS grew by 7% to project execution, so that
confident of achieving a near 37.8 cents. We will be paying we continue to produce Both these moves, resulting
8% growth this year. out an interim dividend of top quality products and in $1.8 billion for the Group,

Oil prices remain volatile.

From a low of US$35 a barrel
in February, it went up to over
US$70 a barrel and is now
hovering around US$60 a
barrel. Singapore’s economy
has moved out of technical
recession this past quarter;
the official forecast for 2009
has been revised upwards
from -4% to -6%. Although
still a contraction, it is a
smaller one.

Recovery looks to be in
sight, although many believe
things may get worse before
getting better. What is clear
is that the path to a full and
sustained recovery will be
challenging.

SUSTAINING OUR
PERFORMANCE
Against this backdrop, I am
CEO Mr Choo Chiau Beng expressed confidence that Keppel’s continued emphasis on, and investment in R&D to build our technology
happy to report that Keppel leadership will enable us to ride the economic cycles well

Keppelite I July 2009

 Sustaining Growth 9

have strengthened our Sino-Singapore Tianjin Eco- Urban property prices have W ith environmental
position considerably during City, which I will elaborate also risen in June, the first pollution and water scarcity
this difficult period, giving us later. time in six months. These becoming global concerns,
good room to seize value positive signs are reflected KIE is also pursuing
creation opportunities. For Offshore & Marine, there in the healthy sales of opportunities to offer waste-
were no newbuild orders this residential units in our to-energy and water reuse
In June, Keppel transferred past quarter. With our township projects. In order to technologies and solutions to
its nascent Sustainable orderbook of $7.7 billion maximise synergy and extract other regions in China, quite
Development & Living extending into 2012, our optimal value from our apart from those in Europe,
business to SingBridge task at hand is to ensure property portfolio in China, the Middle East and Latin
International (SingBridge), a that existing orders are Keppel Land has just America.
newly formed company executed well, on time and announced the proposed
wholly-owned by Temasek on budget. delisting of Evergro. COMMITMENT TO
Holdings. SingBridge will PEOPLE DEVELOPMENT
benefit from the attention of The long-term fundamentals At this point, let me give Amidst this economic
its Chairman, Mr Lim Chee for the offshore and marine an update on the Sino- uncertainty, our people,
Onn and its CEO, Mr Ko industry remain intact. We Singapore Tianjin Eco-City or Keppelites as we
Kheng Hwa. SingBridge will are confident that with our project between Singapore c a l l t h e m , re m a i n t h e
be well placed to focus on continued emphasis on and and China. Since its official Company’s most valuable
sustainable development investment in R&D to build groundbreaking last asset. As part of people
projects with long gestation. our technology leadership, September, there has been development and to
we will be able to ride the good progress in the Tianjin p re p a re o u r s e l v e s f o r
This will leave Keppel, cycles well. Eco-City. Our joint venture the upturn, we have
especially in these uncharted company with the Chinese continued to invest in skills
times, to focus on and For property, in Singapore, has reported a projected upgrading and training,
grow its businesses and residential sales have started total investment of over supported by the
operations. We will continue moving again and the RMB40 billion from more government’s incentives.
to participate in sustainable decline in prime commercial than 10 major regional
development projects rentals has slowed. In developers. We are also consolidating the
through our environmental Vietnam, there are signs that Group’s programmes for
engineering and property the market is recovering. In This strategic project is also executive and leadership
arms. In this regard, we China, with government a platform for our Property development into a new
shall continue to lead the stimulus and easing of credit and Infrastructure Divisions. entity – the Keppel College.
Singapore consortium in taking effect, transaction We have recently announced At the same time, we are
the development of the volumes have surged. our development plan for rationalising our human
Keppel’s own 36.8-ha site capital to maximise the
in the Start-Up Area. Work potential of every Keppelite
on Phase 1 of the site is and to continue enhancing
expected to start in the productivity in all our
To build on our performance, coming months. businesses.
we are relentlessly sharpening our
competitive edge. Our businesses are Our environmental While the global economic
focused on delivery excellence and engineering arm, Keppel landscape remains
Integrated Engineering challenging, Keppel aims to
project execution, making sure that
(KIE), also recently secured a continue to grow shareholder
we continue to produce top quality $22.3 million contract to value, riding on the collective
products and solutions for our provide waste-to-energy strengths of our businesses,
customers and partners. technology to a plant serving our people and our robust
Mr Choo Chiau Beng the Tianjin Binhai New Area, financial position. keppelite
CEO, Keppel Corporation which includes the Eco-City.

Keppelite I July 2009

10 Sustaining Growth

Consistent earnings growth amidst

challenging times
Senior Executive Director and Group Finance Director Mr Teo Soon Hoe shared
updates on the performance of Keppel’s business units.

FINANCIAL This brought our earnings Consequently, EPS grew at the With the record earnings in
ACHIEVEMENTS AND to a half year record of same percentage of 7% to 1H 2009, we are pleased to
HIGHLIGHTS $603 million, 7% more than 38 cents. Our annualised declare an increased interim
We delivered a strong the first half of 2008. ROE was 22.1%, and EVA dividend of 15 cents per
quarter with net earnings of Including the gain on sale increased to $874 million. Free share, up from 14 cents in
$318 million, up 6% from the of Singapore Petroleum cash flow was sustained above the prior year.
same period last year. This is Company (SPC), our earnings $1 billion for the half year,
the highest PATMI recorded for 1H 2009 have exceeded improving further our net cash REVENUE AND PROFIT
by the Group in a quarter. $1 billion. position from 4% to 16%. PERFORMANCES
R e v e n u e i n c re a s e d b y
27% to $6.2 billion. Both
EBITDA and operating profit
improved by 28%. Growth in
pretax profit and PATMI were
at a lower percentage due to
reduced contribution from
associated company, SPC.

All segments showed

improvement in revenue,
resulting in 27% higher
Group revenue over the
corresponding period last
year. The main contributor
of the increase, Offshore
& Marine Division, grew
by 36% as compared to
1H 2008.

Property recorded slightly

higher revenue mainly due to
more contribution from
Keppel Bay.

Infrastructure Division also

made good progress in the
first half, with an 11%
Senior Executive Director and Group Finance Director Mr Teo Soon Hoe announced record earnings in 1H 2009, and an increased interim growth largely attributed to
dividend of 15 cents per share the Doha North Sewage
Treatment Plant project in
Qatar.

Keppelite I July 2009

 Sustaining Growth 11

In just six months, Offshore

& Marine recorded half a
billion dollars profit before
taxation, representing 60%
of Group’s total pretax
earnings. This is attributed to
both higher revenue and
better margins on its
orderbook.

Infrastructure increased its

pretax profits in 1H 2009
by one and a half times
due to better performance
by Keppel Merlimau
Co-generation Plant and
contribution from the two
Qatar projects.

Investments showed a
decline in profits before tax
due to lower share of profits
from associated companies.

Offshore & Marine’s PATMI

increased by 37% as
compared to 1H 2008,
while the Property Division
maintained its PATMI at
the same level. Infrastructure
has more than doubled its
PATMI for the half year
with higher contribution
from both Keppel Energy
and Keppel Integrated
Engineering.

CONSISTENT EARNINGS
GROWTH
This is the first time that
Group PATMI has surpassed
$300 million in a quarter.

The half year earnings for

Earnings for the first half of this year have exceeded that of the whole year of 2005
this year have exceeded that
of whole year in 2005.

Continues on page 12...

Keppelite I July 2009

12 Sustaining Growth

...continued from page 11.

Keppel Land achieved strong sales of its township homes such as Central Park City in Wuxi, China, in the first half of 2009

As a result, EPS for this quarter activities for the half year BUSINESS REVIEW & The successful deliveries
of 20 cents has brought our was $296 million. This was OUTLOOK made by Offshore & Marine
1H 2009 earnings to a record mainly due to increase in in the first half of this year
of nearly 38 cents per share. our working capital for the Offshore & Marine are testament to the
period. According to the International Division’s commitment to
For the past two years, Energy Agency, world energy fulfill customers’ needs for
we achieved return on Net cash from investing demand is expanding by quality and timeliness. We
equity of above 20%. For activities was $1.3 billion, 45% between now and will also have a busy second
1H 2009, our annualised as a result of dividend income 2030. Crude oil accounts for half with another 38
ROE is 22.1%. In line with as well as divestment about a third of the overall deliveries.
our increased earnings, proceeds from SPC of rise.
we are rewarding our $1.5 billion. The Group Our track record in the
shareholders with a higher spent $208 million on To meet this demand growth design and construction of
interim dividend of 15 cents, operational capex, and and offset decline, 64 million drilling units has strengthened
as compared to 14 cents development of our of barrels per day of gross our value propositions
last year. investment buildings. capacity needs to be to operators. With these
installed between now and proprietary designs, the
HEALTHY FREE CASH The resultant free cash flow 2030, which is six times the Division can further
FLOW was still a robust $1 billion current capacity of Saudi demonstrate its versatility to
Net cash used in operating for the first half year of 2009. Arabia. offer a variety of products to

Keppelite I July 2009

 Sustaining Growth 13

suit diverse offshore development in 1H 2009. the future growth of The two plants in Singapore
environments worldwide. Similarly, Vietnam’s housing Keppel Land if they opt to will treat 2,900 tonnes of
market situation received a receive new Keppel Land solid waste a day and
Property boost showing good signs of shares in exchange for their produce about 54 MW of
Sentiments in the Singapore recovery. Evergro shares. green energy.
property market have
improved in the second Earlier this month, we have Infrastructure GROUP OUTLOOK
quarter. Sales volume for announced the proposed Our Design-Build-Own- At the interim of this very
residential properties has voluntary delisting of Evergro. Operate Singapore fifth challenging year, we have
increased and prices have By combining the operational incineration plant at Tuas managed to produce a
firmed. Rental rate has also expertise, industry knowledge South is also scheduled to modest growth in our
stabilised. and extensive networks commence operations in the operating results.
of both companies, the second half of this year.
The government stimulus Division will be in an even We intend to continue
package in China has taken stronger position to capture We expect to complete the focusing on our execution to
effect and has eased the opportunities and growth in trade sale of the Senoko be the global leader in the
credit crunch and housing China. Incineration Plant (SIP) in the design and construction of
woes. The revived interest is second half this year. SIP will drilling rigs as well as the
seeing more units being Evergro shareholders can initially be injected into a leading provider of a suite of
sold by the Property Division also make use of this private Business Trust wholly- comprehensive environmental
for its China residential opportunity to participate in owned by the Group. solutions. keppelite

The first truckload of trash arriving at Keppel Seghers Tuas Waste-to-Energy Plant, which is scheduled to commence operations in the second half of this year

Keppelite I July 2009

14 Sustaining Growth

Focus on sustaining growth

Keppelite highlights questions and answers at the 1H 2009 results briefing.

ON OFFSHORE & MARINE are virtually the only yard track record that it can contracts. Exactly how much
CCB: We are in a cyclical in Brazil able to fulfill deliver its projects. is speculation.
downturn of the offshore & the requirement of the
marine industry. Our people government. We have also done FPSO In our strategy of “Near
are working very hard, all projects in Singapore and Market, Near Customer” we
over the world, to ensure We built the P-52 with a in Brazil, for Petrobras must be aware that, for the
that we get new orders at very large local content, the and Petrobras’ contractors. oil and gas business,
good prices and at profitable P-51 semisubmersible with In fact, Keppel Shipyard countries want to keep work
rates. We are cautiously even larger local content probably has the most within their own boundaries,
confident that we will get and P-56 which we are involvement in FPSOs that their own territories, and we
some new orders. building now is built entirely are currently operating in must respect and work
in Brazil. So, our yard in Brazil. So we think that we towards that.
Local content is very Brazil is very well-placed are in a good position
important in Brazil and we because it has a proven to win more Brazilian That is why we have yards in
various countries. We have
two yards in the Caspian
region, in Kazakhstan and
Azerbaijan, which we hope
will also be able to capture
some business there.

As the market shifts,

demand shifts. Everybody
will go after whatever is left.
So we expect competition.
We are paranoid about
competition. We will see
how we can fend off the
competition as much as we
can. That is the name of the
game.

ON WTORRE
CCB: I think there was
speculation made on our
acquisition of the WTorre SA
facility in Rio Grande in the
south of Brazil. We have
talked but if it is not earnings
accretive, we do not see a lot
of reasons to put cash into
Analysts and fund managers fielded questions on Keppel’s results and prospects for the future that yard.

Keppelite I July 2009

 Sustaining Growth 15

Keppel FELS Brasil will leverage its strong local presence, experience and track record to strengthen its leadership position in the Brazilian offshore market

We need not own the yard not have to pay everything to do so end of this year or obviously have the capacity
because under the rules, upfront. And we think that early next year. to look for opportunities. We
whoever wins the next the current market price of have already decided to pay
project for Petrobras on the land in the Tianjin Eco-City The current situation in slightly increased interim
eight FPSOs, will be able to area is somewhat higher China is that we have a very dividends. We normally look
use the yard. So we are not than what we had agreed high take-up of residential at special dividends only at
in any hurry to do any deals. on. units in Chengdu, Wuxi, the end of the year.
Jiangyin and so on. So we are
ON TIANJIN ECO-CITY In fact, the three MOUs that optimistic that the take-up So let us see what happens
CCB: We are very optimistic our joint venture company for our residential projects in in the next few months and
about the long-term signed with showed that the the Tianjin Eco-City will be we shall look at it when we
potential profitability of prices were higher than what strong. announce our year-end
this project. Tianjin is only was agreed with us. So we results. keppelite
28 minutes from Beijing via are optimistic that the Tianjin I cannot give you a precise
train and it is another 20 Eco-City project will be value- number right now. We are still CCB – Mr Choo Chiau Beng,
minutes from the Eco-City enhancing for Keppel. working the numbers, and Chief Executive Officer of
site. It is a very convenient until we are able to sell, we Keppel Corporation
location for Beijing as well as Right now, we are working cannot give you a number.
TSH – Senior Executive
for Tianjin itself. with our partners and all the
Director and Group Finance
government agencies to ON PROCEEDS FROM
Director of Keppel Corporation
Currently, we have an launch the first phase of the SPC SALE
agreement for 36.8-ha of Start-Up Area as soon as we TSH: It is good to have cash
land at a fixed price. We do can. In fact, we are targeting at this point in time. We will

Keppelite I July 2009

16 Sustaining Growth

Keppel secures $30m in semi

upgrading contracts
Keppel Offshore & Marine choice partner for the repair, In the Netherlands, Keppel switchboards, piping systems
(Keppel O&M) has secured upgrading and completion of Verolme clinched a contract and overhauling of marine
contracts worth S$30 million rigs anywhere in the world. for the repair and upgrading equipment as well as deck
through its overseas of a semi accommodation crane reinforcement.
subsidiaries for the “We are pleased that rig, COSLRIVAL (ex-Port
upgrading and repair of our customers Diamond Reval), from China Oilfield COSLRIVAL is the third
three semisubmersibles Offshore, China Oilfield Services Limited. The rig accommodation support rig
(semis). Services Limited and Noble arrived in May 2009 and for Norwegian waters to
Drilling affirm this by has been docked in the have arrived in Keppel
Mr Tong Chong Heong, returning to our global yards 500,000 dwt mammoth Verolme for a major overhaul
CEO of Keppel O&M, said, for their needs. With our dry-dock for general and upgrade.
“Keppel O&M’s network of closely-integrated yards class renewal surveys,
yards in the key markets, backed by resources from inspections, overhauls and In Brazil, Keppel FELS Brasil
coupled with their strong headquarters in Singapore, repairs. clinched contracts for the
execution capabilities and we will continue to deliver repair and upgrade of two
quick turnaround, continue projects to our customers’ The work scope includes the semis – Noble Drilling’s Noble
to advance the Group as the satisfaction.” upgrading of electrical Paul Wolff and Diamond
Offshore’s Ocean Yatzy.

The upgrading of Noble

Paul Wolff, which included
the renewal of piping
systems, anodes in tanks
and steel work, was recently
completed. She is the second
Noble vessel to be serviced
in the BrasFELS yard after the
arrival of Noble Dave Beard
in May 2009 for mechanical
completion which are
ongoing.

Meanwhile, the Dynamic

Positioning drilling semi
Ocean Yatzy will have
structural repairs carried out
on a lifeboat platform,
stability column and
helideck, as well as several
piping and steel deck
renewal works. keppelite
The repair and upgrading of rigs such as COSLRIVAL, an accommodation semisubmersible in Keppel Verolme’s drydock, are some of the
projects keeping Keppel yards busy

Keppelite I July 2009

 Sustaining Growth 17

Fifth ice-class vessel completed

Mr Tong Chong Heong, CEO of Keppel O&M (right) presents a token of appreciation to Lady Sponsor, Mrs Olga Kessler, Environmental Engineer (Labour Safety) of LUKOIL, who was
accompanied by Mr Victor Velikov, Deputy General-Director of LUKOIL

Keppel Singmarine delivered The timely delivery of LUKOIL, and we are pleased designing, engineering and
Kogalym, a Multi-Purpose Kogalym is a commendable that the rest of our vessels constructing advanced ice-
Duty Rescue Vessel on achievement by Keppel being constructed by them breaking vessels.
schedule to customer Singmarine. are progressing well.”
LUKOIL-Kaliningradmorneft “We look forward to
(LUKOIL) on 1 July 2009. M r V i c t o r Ve l i k o v, This 60-tonne bollard pull deepening our win-win
Deputy General-Director vessel will be deployed in the partnership with LUKOIL and
Jointly designed by Marine of LUKOIL, attested to Caspian Sea region to continuing to support them
Technology Development Keppel Singmarine’s strong perform supply duty and to become a leading global
(MTD), the ship design and capabilities when he said, rescue operations in energy company.”
development arm of Keppel “Heavy-duty support vessels temperatures as low as
Offshore & Marine (Keppel such as Kogalym are highly -20°C and ice thickness of up Over the last four years,
O&M), and its consultants, valuable in ensuring smooth to 70 cm. LUKOIL has entrusted Keppel
Robert Allan, Kogalym is the offshore operations all year Singmarine with specialised
fifth ice-class vessel Keppel round in the unique weather Said Mr Hoe Eng Hock, shipbuilding projects such as
Singmarine has delivered to conditions of the Caspian ED of Keppel Singmarine, Asia’s first icebreakers, two
LUKOIL since 2003. Sea. “Through the successful ice-class Anchor Handling
delivery of Kogalym and Tug/Supply vessels and a
Named after a key oil “Keppel Singmarine has several other important Floating Storage and
production region for LUKOIL demonstrated its strong projects, we have developed Offloading vessel which is
in western Siberia, Kogalym capabilities and commitment a good understanding being completed by sister
was christened by Mrs Olga once again, with the timely of LUKOIL’s operating yard, Caspian Shipyard
Kessler, Environmental delivery of another fine requirements, be it in the Company in the Caspian Sea.
Engineer (Labour Safety) of vessel. The company has Caspian Sea or Arctic regions. keppelite

LUKOIL at Keppel Singmarine proven itself over the years In the process, we have
on the day of delivery. as a reliable partner to also honed our expertise in

Keppelite I July 2009

18 Sustaining Growth

Proposal to unlock value in

Evergro Properties
Keppel Land and Evergro
Properties (Evergro) jointly
announced on 12 July 2009 By combining the operational expertise,
the proposed voluntary industry knowledge and extensive networks of
delisting of Evergro from
the Singapore Exchange both companies, Keppel Land will be in an even
Securities Trading Limited stronger position to capture opportunities and
(SGX-ST).
growth in China.
On the proposed delisting, Mr Kevin Wong
Mr Kevin Wong, Group Group CEO, Keppel Land
CEO of Keppel Land,
said, “By combining the
operational expertise,
industry knowledge and
extensive networks of other than such number of in Keppel Land or cash approximately 85.38% in
both companies, Keppel Shares already owned, represents a premium of Evergro, this proposed
Land will be in an even controlled or agreed to be approximately 21.1% or delisting will involve a total
stronger position to capture acquired by Keppel Land as 16.0% respectively to cash consideration of up to
opportunities and growth at the date of the Exit Offer Evergro’s last transacted price S$54 million (if all accepting
in China. (Offer Shares) whereby on 10 July 2009 of S$0.25 Evergro shareholders elect to
Evergro shareholders will per share. receive cash as consideration
“It provides us with a receive either: for their Offer Shares) to be
stronger platform to Mr Wong added, “This is an financed from internal
maximise the potential of a. 1,000 new ordinary shares opportunity for Evergro resources.
our existing portfolio in Keppel Land for every shareholders to unlock the
and collective strengths as 7,000 Offer Shares tendered value of their Shares at a Merrill Lynch (Singapore) has
we continue to grow in acceptance of the Exit premium to market. Evergro been appointed as financial
Keppel Land as the choice Offer; or shareholders who wish to adviser to Keppel Land. The
developer of homes in participate in the future Board of Evergro will appoint
China.” b. S$290 in cash for every growth of Keppel Land can an Independent Financial
1,000 Offer Shares tendered opt to receive new Keppel Adviser (IFA) to advise the
Under the Delisting Proposal, in acceptance of the Exit Land shares in exchange for directors who are considered
Keppel Land will make an Offer. their Shares.” to be independent for the
exit offer for all the issued purposes of the Delisting
ordinary shares in the share The Exit Offer consideration For Keppel Land, which Proposal and the Exit Offer,
capital of Evergro (Shares) of new ordinary shares has a direct interest of on the Exit Offer. keppelite

Keppelite I July 2009

 Sustaining Growth 19

One heartbeat for success

Close collaboration with repeat customer results in timely conversion works
at Keppel Shipyard.

Secretary to the Government Mr Nelson Yeo, ED of Keppel facilities, as well as upgrading

of the Federal Republic of Shipyard, said, “Keppel of its accommodation and
Nigeria. Shipyard is pleased to carry auxiliary support systems.
out the conversion of Bumi
Bumi Armada’s CEO & ED, Armada’s second FPSO. It now has a storage capacity
Mr Hassan Basma, said, The delivery of Armada of one million barrels of oil
“Understanding and trust Perdana successfully and with water and gas injection
built over years of close safely, with a record of 1.8 capabilities included in its
collaboration between million man-hours without topside. It is also capable of
Keppel Shipyard and Bumi lost-time injury, is achieved processing 45,000 barrels of
Armada have resulted in the through the efforts of oil per day (bopd).
timely and safe execution of everyone working on the
the conversion works for project. This conversion Keppel Shipyard’s affiliation
FPSO Armada Perdana. further strengthens the with Bumi Armada goes
partnership between our two back into the last decade
“Under the capable companies” when it first converted the
leadership of the combined FPSO Armada Perkasa in
teams, we have been able to The vessel, which arrived in 1997 for operation in the
fast-track the project which May last year, underwent PM3 Field, Malaysia. It was
Armada Perdana is the second FPSO to be
took just 18 months, from fabrication, installation and recently upgraded further in
converted by Keppel Shipyard for Bumi the time the contract was integration of a 12-point 2007 for deployment in the
Armada
awarded to the completion spread mooring system, Okoro Setu Field, Nigeria.
of the conversion.” riser balcony and topside keppelite

Keppel Shipyard is on track

to complete the conversion
of FPSO Armada Perdana
for repeat customer
Bumi Armada Berhad (Bumi
Armada).

A ceremony for the naming

of the FPSO prior to its
deployment in the Oyo field,
70km off the coast of
Nigeria, was held at the
shipyard on 18 July 2009.

Gracing the occasion were

Mr Dimeji Bankole, Nigeria’s
Speaker of the House
of Representatives, and
Mr Ahmed Mahmud Yayale,
FPSO Armada Perdana was named In the presence of guests from afar, Mr Ahmed Mahmud Yayale, Secretary to the Government of the Federal
Republic of Nigeria (first from left) and Mr Dimeji Bankole, Nigeria’s Speaker of the House of Representatives (third from left)

Keppelite I July 2009

20 Sustaining Growth

Addressing global water needs

water capabilities of Keppel Giving insight to KIE’s
Integrated Engineering approach to doing business
(KIE), its environmental in the Middle East, Mr Chua
engineering arm. Taking said emphatically that
centrestage for KIE was its “sincerity is key.”
key projects which included
Keppel Seghers Ulu Pandan The international water
NEWater Plant, Singapore’s event also saw the opening
first NEWater Plant of Singapore’s newest
developed under the Public- NEWater plant, Changi
Private Partnership, and Water Reclamation Plant, for
Doha North Sewage which KIE provided the
Treatment Works (DNSTW), Engineering, Procurement
the largest integrated and Construction (EPC) for
wastewater treatment and one of its key liquids modules.
sludge treatment facility in
Mr Chua Chee Wui, CEO of KIE, shared his philosophy on doing business in the Middle East
the Middle East. Other co-located events at
during the CEO Busines Forum for the Middle East and North America the SIWW include the
As the DNSTW, currently Water Leaders Summit,
Although water scarcity may science of water, but also on being developed, is one of Water Convention, the 7th
seem remote to Singapore how to realise the benefits the largest environmental Ministers’ Forum on
and other developed of technologies of solving engineering undertakings by Infrastructure Development
countries, it is estimated by global water issues. a Singaporean company, in the Asia Pacific Region
UN Water Statistics that Mr Chua Chee Wui, CEO of and International Water
currently, one in six people Being one of the 14 proud KIE, was invited to be one Association’s 6th Leading-
worldwide lack safe drinking founding sponsors of SIWW, of the panelists for the Edge Conference on
water while 2.5 billion Keppel Corporation took the Middle East and North Africa Water and Wastewater
have no access to basic opportunity to showcase the Business Forum. Technologies. keppelite
sanitation.

Adding to the challenge of

creating access to clean and
potable water is meeting
this need fast enough.
Demand is set to rise rapidly
as the world population
grows alongside rapid
industrialisation,
urbanisation and climate
change.

Against this backdrop, the

Singapore International
Water Week (SIWW) 2009,
held from 22 to 26 June,
HRH Willem-Alexander, Prince of the Netherlands (left), getting an insight of Keppel Seghers’ capabilities from Ronald Carrette, Head of
focused not only on the Proposal from Keppel Seghers (Belgium)

Keppelite I July 2009

 Sustaining Growth 21

Keppel sponsors inaugural Lee Kuan Yew World City Prize

The biennial international award focuses on four pillars instrumental to the success of every city – liveability,
vibrancy, sustainability and quality of life.

Senior Minister and Co- Minister for National “Keppel is honoured to be The Lee Kuan Yew World
ordinating Minister for Development, Mr Mah Bow associated with this award City Prize Laureate will be
National Security, Professor Tan, said, “Many cities are of distinction. Through our presented with an award
S Jayakumar launched the faced with challenges of operations in Singapore certificate, a gold medallion,
inaugural Lee Kuan Yew rapid urban growth, lack of and abroad, and particularly, and a cash prize of
World City Prize at the housing and infrastructure with our businesses in S$300,000, sponsored
opening ceremony of the and increasing traffic environmental engineering by Keppel Corporation.
SIWW 2009. It is co- congestion. Singapore too and developing quality Members of the Prize Council
organised by Singapore’s seeks to develop a liveable homes, we have participated and Nominating Committee
Urban Redevelopment and sustainable city with a in the creation of vibrant, are prominent local and
Authority and the Centre good quality of life. We hope liveable and sustainable international thought leaders,
for Liveable Cities. that the Lee Kuan Yew World urban communities practitioners, academics and
City Prize will serve as a worldwide. relevant experts from the
The Prize seeks to recognise catalyst to facilitate the private and public sectors.
the achievements of sharing of best practices in “Most recently, Keppel’s
outstanding individuals and urban solutions world wide, leadership in the Sino- The inaugural Lee Kuan Yew
organisations who have and spur further innovation Singapore Tianjin Eco-City, World City Prize will be
contributed urban initiatives, in sustainable urban which aims to be a model awarded in June 2010 at the
policies or projects which development in pursuit of of sustainable development Lee Kuan Yew Awards
epitomise foresight, good city excellence.” in China, continues to Ceremony and Banquet, to
governance or innovation demonstrate our commitment be held during the World
in overcoming the challenges Mr Choo Chiau Beng, CEO of to excellence globally, and Cities Summit 2010 in
faced by cities. Keppel Corporation said, moving into the future.” Singapore.

Ushering in propitious tidings

Subic Shipyard and “3” and “8” were chosen opened the extended The upgrading programme
Engineering, Inc (Subic because they are considered drydock during an auspicious includes the lengthening of
Shipyard) has been lucky numbers – ”3" in timing to herald in prosperity the graving dock from
progressively upgrading and Cantonese signifies birth for the shipyard. 350 to 550 metres, the
expanding its facilities to while “8” signifies prosperity. 175-metre jetty extension
enhance its competitiveness The dock gate was then “More significantly, as this project, the construction
and capabilities. opened at 8.00 am marking component of the yard of a training centre, the
the beginning of its full upgrading project has acquisition of portal and jib
At exactly 3.00 am on 8 July operations. been completed ahead of cranes, and concreting the
2009, the dock valve of the schedule and within budget, fabrication area. keppelite
newly extended drydock of Mr Mok Kim Whang, we would like to continue
Subic Shipyard was opened President and GM of Subic having such smooth-sailing
for flooding. The figures Shipyard, explained, “We success in our operations.”

Keppelite I July 2009

22 Sustaining Growth

Perfect reach
Keppel FELS completes fleet of four jackups for Maersk with the latest delivery.

Completing an outstanding The first rig, Maersk Resilient, delivered in end-2008 and workforce and we remain
collection of four high was delivered in February is the most technically pleased to have their
efficiency jackup rigs that will 2008 and has commenced advanced deepwater drilling continuing support.”
further Maersk Drilling’s operations for Dubai rig to be designed and
(Maersk) reach in the global Petroleum Establishment. completed by Singapore to Mr Tong added, “We prize
deepwater drilling market is The second rig, Maersk date. this longstanding relationship
Keppel FELS-built Maersk Resolute, was delivered in with Maersk and are
Reacher. August 2008 and has been Mr Claus V. Hemmingsen, committed to continue to
contracted to Dong Energy CEO of Maersk Contractors, deliver excellent projects, on
Delivered on schedule, within for operations in the Danish added, “The Keppel and time and within budget to
budget, and incident-free, part of the North Sea over Maersk project teams have Maersk to be their choice
the rig was named by three years. The third rig, always enjoyed close provider.” keppelite
Lady Sponsor, Mrs Anne Maersk Resolve was collaboration and built a
Norderud-Poulsen, wife of delivered in January 2009 strong foundation of trust
Mr Morten Poulsen, and is currently operating in over the years. Keppel FELS
Maersk Project Director, Norway. has again affirmed our
Semisubmersibles, on 21 July respect in their world-class
2009. Mr Tong Chong Heong,
CEO of Keppel O&M, said,
The series, awarded to Keppel “Maersk is our valued
FELS in 2005, is built to the partner and we are very
CJ-50 design by Marine honoured to be entrusted
Structure Consultants (MSC) with building some of the
of the Netherlands. most advanced premium
offshore rigs in their fleet.”
The rigs can operate in water
depths of 350 feet, are In addition to the jackup
suitable for drilling high units, Keppel FELS is currently
temperature/high pressure completing for Maersk the
wells of 30,000 feet, and are last two of three new ultra-
also highly automated for deepwater semisubmersibles
safe operations. (semis), based on the
KFELS DSS-21 design, jointly
Mr Claus V. Hemmingsen, developed by Keppel’s
CEO of Maersk Contractors, Deepwater Technology
said, “We would like to Group (DTG) and MSC.
commend Keppel FELS that
like its sister rigs, Maersk The last two semis are
Reacher is delivered to our expected to be completed
satisfaction and high esteem, in 3Q 2009 and 2010
bearing Keppel’s mark of respectively. The first semi,
distinction.” Maersk Developer, was
Delivered on time and within budget, Maersk Reacher completes the fleet of four jackup rigs
for Maersk

Keppelite I July 2009

 Sustaining Growth 23

Commendations from customers

For jobs well done, Keppel FELS was lauded by two of its customers this month.

SIGN OF FRIENDSHIP
A letter brimming with
words of commendation and
personally hand-written
signatures to Keppel FELS
from Ensco International
Incorporated (Ensco), is an
unwavering sign of the trust
and friendship shared
between the two companies.
Keppel FELS had delivered
ENSCO 8501, the second of
seven ENSCO 8500 Series®
ultra-deepwater
semisubmersibles to long-
time customer, Ensco in June
this year.

Ensco’s Capital Projects and

Operations groups expressed
their high regard and

appreciation to everyone The rig went through a class Seadrill’s MD Mr Staale Roed
who was part of the rig survey while at the yard, with said, “All the works were
construction “family” and repair works such as hull completed to our satisfaction
especially commended renewals, steel modifications in a highly professional
Keppel FELS for the “value, and installation of third party manner and with full
service and spirit of the equipment performed to the attention to health, safety
efforts” taken to complete satisfaction of Seadrill and and the environment.
ENSCO 8501 – a job well their client, Chevron.
done! “The high level of planning
Beyond the contracted was apparent, allowing
STAMP OF SATISFACTION work scope, the team also work to progress smoothly
Keppel FELS scored high completed additional works and safely. Co-operation
notes with Seadrill Asia that surfaced as the project between your team and our
Limited (Seadrill) for excellent progressed. rig crew was excellent.”
execution in repair works keppelite

which are ahead of schedule In a commendation letter to

West Setia underwent repair works at
Keppel FELS’ Pioneer Yard 2, which were
for semisubmersible tender Mr Wong Kok Seng, ED
completed ahead of schedule end-June rig, West Setia. (Operations), Keppel FELS,
2009

Keppelite I July 2009

24 Special Focus

Keppel to develop eco-homes and

commercial developments
in Tianjin Eco-City

Keppelite I July 2009

 25

Keppel Corporation and

Keppel Land will take up Tianjin has achieved one of the highest growth rates in
interests of 45% and 55%
respectively in a 36.8-ha
the first quarter of this year and being the economic
site located in the 4-sqkm centre of the Bohai sea region, many investors and
Start-Up Area (SUA) of developers have shown keen interests in our Eco-City.
the Sino-Singapore Tianjin To create a truly international city of the future, it is
Eco-City (Tianjin Eco-City). important for us to work with world-class investors and
The total capital investment developers from around the world.
cost of Keppel’s development Mr Goh Chye Boon
is about RMB705 million CEO, SSTEC
( a p p r o x i m a t e l y
S$148.5 million).

Keppel Land has been in proximity to the Eco- firms; Palmer & Turner collection (recycled water) for
appointed the project Business Park and the Consultants; Rocky Mountain irrigation and outdoor
manager for the development commercial sub-centre Institute, a renowned US- cleaning purposes as well
of the site, which will be which is located next to a based consultant on efficient as extensive landscaping
carried out in phases. planned light rail (LRT) and sustainable solutions; features including the
station. and Parsons Brinkerhoff, one introduction of sky gardens.
The site, which is at of the leading engineering
masterplan development Mr Kevin Wong, Group CEO consultancy firms with vast ECO-CITY DRAWS
stage, is expected to yield of Keppel Land, said, “Keppel experience in China and eco- STRONG INVESTMENTS
about 5,000 homes in total Land has a successful track projects. Although it had just broken
as well as commercial record in masterplanning ground late last year, the
developments including and executing large-scale Keppel is committed to Tianjin Eco-City has already
office and retail with a total integrated township create a harmonious and attracted a total investment
Gross Floor Area (GFA) of developments. Our eco-driven live-work-play of RMB40 billion. “At the
about 680,000 sm. knowledge of and experience environment integrating start, we were knocking on
in the China market will put homes and commercial investors’ doors, but now
Phase 1 is expected to yield us in good stead to harness developments. In line with they are knocking on ours’
about 1,760 homes with a synergies and create value for Keppel Land’s commitment instead,” shared Mr Goh
total Gross Floor Area (GFA) the Tianjin Eco-City. to promote green living and Chye Boon, CEO of SSTEC,
of about 170,000 sm and vision for the Eco-City, the in a recent interview with
commercial developments “Keppel Land will galvanise homes and commercial Singapore’s The Straits Times.
(including office and retail) the expertise and talents of properties will be developed
covering a total GFA of about international consultants to achieve at least the BCA Over two weeks in July,
40,000 sm. Construction of and agencies to contribute Green Mark Gold or its the Sino-Singapore Tianjin
Phase 1 will commence towards the development equivalent. Eco-City Investment and
in 1Q 2010 and the sales of a thriving city in an Development Co (SSTEC)
launch of Phase 1 of homes ecologically sustainable Eco-features in the Keppel signed on in quick
is expected in 2Q 2010. urban living environment.” development include the succession Memoranda of
provision of good thermal Understanding (MOUs) with
The Keppel development is The international team of insulation for buildings and three top regional developers
strategically located along expertise engaged to use of solar energy to reduce – Shimao Property Holdings
the Eco-Valley, which is contribute to Keppel’s first energy consumption; Ltd (Shimao), one of
the ecological green spine development comprises thoughtfully planned internal mainland China’s top
linking major transit nodes, Skidmore, Owings & Merrill, spatial lay-outs for effective developers; Farglory Land
residential developments and one of world’s largest and lighting and ventilation for
commercial centres. It is also most influential architecture indoor air quality; rainwater Continues on page 26...

Keppelite I July 2009

26 Special Focus

...continued from page 25.

To make the Tianjin Eco-City a world-class model of sustainable development, SSTEC is working with international partners with top-notch expertise and innovative ideas

Development Group SSTEC has identified six main reach of most home buyers. Tianjin city centre), the
Shanghai (Farglory), a unit of clusters for the Tianjin Eco- By starting with pragmatic 30-sqkm Tianjin Eco-City is
Farglory Group, Taiwan’s City’s industry development: and realistic goals, SSTEC envisioned to create a
largest developer and Mitsui clean and renewable energy; aims to attract a critical harmonious and sustainable
Fudosan, Japan’s largest water technology; green mass of residents into the community that meets the
developer - to collaborate on transport; environmental Tianjin Eco-City. At the same needs of an urbanising China
different developments in management; waste time, it will ensure that any and will be a modern
the Tianjin Eco-City. management; and green eco-solutions implemented township where 350,000
Together, these three buildings. “Tianjin Eco-City will leave room for future residents can live, work and
projects are expected to is not just a residential city. upgrading. play.
create more than 24,000 Job creation, industry
homes at a total cost of more development and economic SSTEC is the master Mr Goh, CEO of SSTEC, is
than RMB23 billion. This growth are all very vital,” said developer for the Tianjin confident that the Tianjin
represents new heights for Mr Goh. Eco-City. Currently being Eco-City will continue to
the Tianjin Eco-City as these incorporated, it is a 50/50 attract international players.
collaborations cover an For investors, apart from joint venture between the He said “Tianjin has achieved
area of more than 6 sqkm, the tremendous potential Chinese Consortium led by one of the highest growth
greater than the originally- presented by the Eco-City, Tianjin TEDA Investment rates in the first quarter of
planned 4 sqkm for the they view Tianjin as a Holding Co., Ltd (Tianjin this year and being the
SUA. springboard to launch TEDA) and the Singapore economic centre of the
products and services into Consortium led by the Bohai sea region, many
Mr Goh shared that he the larger northern China Keppel Group. investors and developers
anticipates the next wave of market, he added. have shown keen interests in
investments coming from The Tianjin Eco-City is our Eco-City. To create a truly
industries ranging from SSTEC’s strategy is to focus a landmark bilateral international city of the
water technology to waste on market proven urban eco- project between China and future, it is important for us
management, which are solutions, instead of purely Singapore with private-sector to work with world-class
expected to bring in up to pursuing zero-carbon targets investment and development. investors and developers
RMB3 billion over the next that will price homes in the Located in the Tianjin Binhai from around the world.”
couple of years. Tianjin Eco-City beyond the New Area (40 km away from keppelite

Keppelite I July 2009

 Sustaining Growth 27

Tops for governance

Keppel Corporation made it On a scale of one to 10, Within the Asian region comprising board
to the list of top 10 regional Keppel Corporation scored a excluding Japan, Singapore accountability, financial
corporations that exemplify GMI rating of 6.5 which is had also emerged top disclosure and internal
high standards of corporate above Singapore’s average amongst 10 countries, controls, shareholder rights,
governance, reported rating of 5.1. A total of 46 followed by Thailand and remuneration, market for
financial firm UBS and US- firms were evaluated in India. control, as well as corporate
based GovernanceMetrics Singapore and they fared best behaviour. keppelite
International (GMI) following in board accountability and Companies were evaluated
a recent assessment. remuneration categories. based on six criteria

Developing Asia’s Best

The best in the property and Amongst them was Keppel, International Property the International Awards, split
real estate industry in Asia which swept six awards from Awards which will be held into regions covering the
deserved the shine of honour various categories. end this year. Americas, Asia Pacific, Europe
accorded to them at the & Africa, Arabia and United
recently held Asia Pacific Keppel also had a “bonus” The Awards cover a wide Kingdom. keppelite
Property Awards 2009 victory for having Saigon span of 21 categories and pay
presented by CNBC on Centre selected as a tribute to the world’s finest
16 July 2009. nominee to compete in the property companies through

Winners at Asia Pacific Property

Awards 2009

SINGAPORE
– Reflections at Keppel Bay, Best High-Rise Development,
Residential

CHINA
– 8 Park Avenue, Best High-Rise Development, Residential
– The Arcadia, Tianjin, Best Property, Residential

VIETNAM
– Villa Riveria, Best Development, Residential
– Saigon Centre, Best Mixed-Use Development,
Commercial

INDIA
– Elita Promenade, Best Development, Residential
Reflections at Keppel Bay received a five-star rating in its category for Best High-Rise
Development, Residential (Singapore)

Keppelite I July 2009

28 Sustaining Growth

Keppel FELS Baltech turns fifteen

Fifteen rewarding years in the “It has also grown to become “I would also like to assure awarded the internationally
business certainly calls for a an important part of the you that the partnership acclaimed ISO 9001
special celebration. Keppel Keppel O&M Group, helping between the regional Certificate.
FELS Baltech (KFB) celebrated to boost the competitive government of Varna and
its anniversary in traditional edge of our global yards Keppel Corporation will Through its involvement in
Bulgarian-style with music across Singapore, the continue to grow in future.” several landmark projects
and dance on 8 July 2009. Netherlands, the US and the with the Group, it has built
Caspian region, with high KFB, founded in 1994, was a strong track record in
In the midst of revelry, quality engineering solutions Keppel O&M’s first European offshore and marine
Mr Tong Chong Heong, for offshore rigs and s u b s i d i a r y. K F B m a d e engineering, and has been
CEO of Keppel Offshore & specialised marine vessels.” substantial progress by 1996, instrumental in customising
Marine (Keppel O&M), who and became the first marine Keppel’s proprietary rig
had gamely joined in the Admiral Christo Kontrov, company in Bulgaria to be designs for various customers.
Bulgarian folk dance ‘Horo’ Regional Governor of keppelite

during the celebration in Varna, on the long-running

Varna, Bulgaria, reflected on relationship between Keppel
KFB’s years of growth. and Varna said, “I would like
to express my appreciation to
Mr Tong said, “KFB has come Mr Tong and representatives
a long way, considering that of Keppel O&M management
it started out with just a for creating employment
handful of local engineers opportunities in Varna,
in Varna. Today, KFB has especially during the period
become a state-of-the-art 1995 - 2000 when it was the
engineering company, backed most difficult period for the
by a capable workforce of Bulgarian shipbuilding
Mr Tong Chong Heong (extreme right), CEO of Keppel O&M, learnt Bulgarian folk dance
more than 100 people. industry. ‘Horo’ during Keppel FELS Baltech’s 15th anniversary. Left is Mr Aziz Merchant, GM
(Engineering) of Keppel O&M

Keppel FELS Baltech’s employees showed up in strength to celebrate 15 years of sucess

Keppelite I July 2009

 Sustaining Growth 29

Savouring Keppel Island in style

Keppel Island will play host
to a week-long showcase of
the latest in haute lifestyle as
luxury exhibitors come
together to unveil top-of-
the-line products, elegant
and bespoke – the first of its
kind here in Singapore.

With a sprawling land area

of over five hectares and
scenic waterfront views,
Keppel Island will add
exclusivity and sophistication
to the inaugural Celton
Living in Style International
2009 which will be held
from 22 to 29 September.
Presented by The Annix
Group, the public can expect
it to be one of the prominent
events during the F1 Race. Attendees of the LIS media event taking a close look at plans for Keppel Island

Ms Wang Look Fung,

General Manager, Group fundraisers, the finest
Corporate Communications selection of cocktails
of Keppel Corporation, said, and cigars, gastronomic
“The waterfront at Keppel experiences with world-
Bay, with its distinctive renowned chefs, exquisite
homes and the scenic marina timepieces and jewellery,
provides an apt setting for exclusive previews of
this premier lifestyle event luxurious homes and
which promises to be one of ultimate getaways, just to
the highlights during the F1 name a few. A glimpse of the high life on display at Reflections at Keppel Bay

Race here in Singapore.

“The idea is to celebrate
“Through such platforms, luxury with a difference,” exchanges between available to the public from
Keppel is proud to showcase said Mr Amit Alok, CEO of exhibitors and consumers.” 15 July at www.tdc.sg.
the quality live-work-play The Annix Group. “To meet He shared this at the Living For more information on
urban living that Singapore the growing demand for in Style media event held on Celton Living In Style
as a global city offers.” luxury items and ultimate 1 July 2009 at the Reflections International 2009, please
experiences among local at Keppel Bay show.gallery. visit www.livinginstyle-
The invitation to lap it up audiences and visitors, international.com. keppelite
In Style come in the form we are creating a platform Tickets to Celton Living in
of black-tie gala charity for interactive and lively Style International 2009 are

Keppelite I July 2009

30 Sustaining Growth

Win-win partnership
Keppel Verolme management and its workers’ union work together to tide
through challenging times.

Mr Tong Chong Heong, CEO of Keppel Offshore & Marine (third from right), gave his full support to the management of Keppel Verolme and Works Council representatives on the flexible
working hour regime

Over the years, Keppel resources are efficiently and flexible working hour members who gave his full
Verolme’s management and optimally utilised without regime as this will help the support readily.
its union, Works Council, wastage, such as by allowing company to achieve cost-
have developed a strong the workers to work shorter savings. By encouraging our “Seeing how the economic
collaborative relationship to or longer hours according employees to multitask, we downturn has affected our
support the growth of the to the workload at the also hope to better leverage yard business, I can fully
company’s business as well shipyard. the skill-sets of all employees understand the rationale
as meet the needs of its and indirectly help reduce behind this regime and see
employees. Employees will also need manpower.” how it can help us tide
to multitask with each through these challenging
In the face of current department leveraging one Mr W. van der Hor, Chairman times.”
challenging economic times, another’s skill-sets. For of the Works Council,
the foundation of mutual instance, production workers commented, “We share the Mr Tong Chong Heong,
trust and support built up from the steel department same goal and vision as the CEO of Keppel O&M is
over the years have will assist their peers from the management. Recognising fully supportive of the new
enabled the two parties mechanical department and the need for such a measure regime. He said,”It is
to work out solutions to help vice versa. to help the company to gratifying to see Keppel
the company effect cost- tide through the current Verolme’s management and
savings and stay competitive. Mr Harold Linssen, MD of economic downturn, we have its Union working in unison
Keppel Verolme, said, “We explained the rationale of to ride out the tough times.
One programme introduced have built up trust and the new regime to our I hope this collaborative
is a flexible working hour rapport with our union over members and have gathered effort will serve as an
regime that will involve 290 the years as we have been their support and inspiring example to other
employees, starting from through many good and bad understanding.” Unions and subsidiaries in
1 August 2009. times together. Keppel to work closely
Mr H. Tirion, Project Cost together to overcome the
The flexible arrangement “We are happy to garner Controller of Keppel Verolme, many challenges ahead.”
ensures that manpower support from them for this was one of the union keppelite

Keppelite I July 2009

 Sustaining Growth 31

Elevating sustainability People

in urban living matters
Reflections at Keppel Bay turns up sustainability factor with
eco-efficient lifts.
Keppelite updates on the
principal staff movements
within the Keppel Group of
Reflections at Keppel Bay, thus significantly reducing the quality of life of our
companies:
the residential showcase in the development’s carbon homeowners.”
Asia for master architect footprint.
KEPPEL CORPORATION
Daniel Libeskind, plans to Other energy-efficient
Ms Cindy Lim has been
increase its eco-efficiency Mr Augustine Tan, CEO, features in the
appointed the Deputy GM of
with 49 KONE MonoSpace® Singapore Residential, development include the
Group HR of Keppel
elevators and 18 KONE Keppel Land, says, “A use of double-glazed and
Corporation with effect from
MiniSpace™ elevators. Building and Construction low emissivity glass to
1 July 2009. She was
Authority Gold Green reduce heat and sub-
seconded from Keppel
Powered by the KONE Eco Mark award development, meters to monitor the
Offshore & Marine (Keppel
Disc®, these elevators can Reflections at Keppel Bay energy usage. Homeowners
O&M), where she will
achieve a 70% reduction in is another good example will also be provided with
continue to oversee the HR
energy costs compared to of Keppel’s commitment energy-efficient
and Talent Development
a hydraulic elevator and to develop properties refrigerators, washing
activities.
50% less compared to a which harmonise with the machines and inverter
geared traction elevator, environment and enhance air-conditioning. keppelite
Ms Lim first started her career
in Keppel FELS in 2001 as a
Quality System Engineer, and
became Quality System
Manager in 2004. She was
then transferred to Group
Proactive risk management HR of Keppel O&M as
Manager in 2005, and was
subsequently promoted to
Senior Manager in 2007 and
Having robust risk ahead of competition, senior He did not expect a sharp Assistant GM on 1 May
management policies in management recently recovery and forecast 2009.
place is essential for the attended a discussion session further market volatility.
Keppel Group to mitigate on ‘Timing, Intensity and MARINA AT KEPPEL BAY
the effects of a constantly E n g i n e s o f t h e Wo r l d K e e p i n g a b re a s t o f Mr Trevor Fong has been
evolving global economy. Recovery in 2009 – 2010’. changing economic, appointed the GM of Marina
With a global presence in financial and political risks at Keppel Bay with effect
more than 30 countries, this Keppel Group Risk in the markets where we from 1 July 2009. Mr Fong
imperative is even more Management invited operate will facilitate the was previously the GM of
pronounced. Dr Thierry Apoteker, CEO, management in making TradeOne Asia, a former
founder and chief economist business decisions, subsidiary of Keppel
As Keppelites continue to at TAC Financial, to share executing strategies and Corporation. keppelite
keep a close vigil over his views on global capitalising on new
significant changes to keep macroeconomic affairs. opportunities. keppelite

Keppelite I July 2009

32 Sustaining Growth

Pandemic prepared
“Hi, I am from the Ministry It reviews and makes Besides testing work- Corporation’s IT systems
of Health and I would like to recommendations on the from-home scenarios, this and remote access to critical
inform you that your Group’s BCP policies, exercise aimed to examine IT resources, alternative
colleague was tested positive framework and procedures, the effectiveness of the work procedures and
for H1N1 and was in close as well as identifies gaps in improvements that were communication flow.
contact with you recently.” existing policies, and made since the first exercise
implements initiatives and in 2007. The exercise was Given that H1N1 situation
When such a call reaches industry best practices to also a chance to test the was being updated very
you, do you know what to address them. robustness of Keppel quickly , the BCP committee
do and how to react?

This chilling scenario was

presented to some Keppel
employees recently during Be socially responsible
Keppel Corporation’s second If you have been given medical leave, do not return to work or school before the end
Pandemic Exercise held in of the leave period.
early June.

By simulating a pandemic
outbreak of H1N1, the
exercise brought home the
urgency and importance of
a robust system to ensure
business continuity under
the most unexpected
circumstances.

Since the SARS outbreak in

2003 and the threat of Avian
flu, Keppel Group has been
looking at ways to minimise
business disruption in the
face of public health
emergencies.

The Business Continuity

Planning (BCP) Committee
comprises members from key
strategic functions such as
Group Risk Management,
Group Human Resources,
Group Information
Technology and Group
Corporate Communications. Source: Ministry of Health

Keppelite I July 2009

 Sustaining Growth 33

met with various challenges

in the course of their
planning for the drill. Many
Fighting fit
of the policies, such as travel,
had to be relooked at and
changed constantly in order
to remain relevant under the
latest conditions.

Suam Chee Kit, from Group

Risk Management, shared,
“We had to quickly review
and revised our BCP plans
to ensure that it remains
relevant in addressing H1N1,
as our previous plans and
assumptions which were all
Exercising is one fun way to help keep the flu in check at Subic Shipyard
based on Asian Flu and
SARS.”
Subic Shipyard and have been conducting daily keeping fit and practising
Agatha Goh, from Group Engineering recently physical exercises to increase personal hygiene are the
Human Resources, reflected prepared for a possible their resistance against any first line of personal
that the exercise proved pandemic by conducting a flu virus and keep healthy at defence against any
to be very helpful in not pandemic flu simulation the same time. sickness, simulation
only testing the resilience exercise. exercises is the first line of
of our systems, but also As Mr Mok Kim Whang, corporate defence against
i n s u r f a c i n g a re a s o f Aside from the simulation President and GM of Subic events that may endanger
i m p ro v e m e n t s u c h a s exercise, shipyard workers Shipyard explained, “Just as business continuity.”
enhancing the overall
communication structure
and refining alternative
business processes.
that he/she was in “close phase against H1N1, it is with underlying medical
REALISM INJECTED contact” with a fictional important that Keppel remains conditions may develop
Because of prior experience, employee who tested vigilant against the threat. serious complications if
the BCP committee was not positive for H1N1. He/she exposed to H1N1.
only able to adapt quickly, was then quizzed on the While the severity of the
but to also raise the bar procedures that should be flu remains relatively mild, Hence, it is important that
during the simulation followed under such a latest data show that 53% Keppelites continue to
exercise by injecting a dose circumstance. of samples taken from exercise social responsibility
of realism. There was a patients with influenza-like and practice good hygiene at
need to test situational Such role-playing exercises illness are H1N1-positive, all times. That is where the
awareness and procedural proved to help greatly in meaning to say, one in best cure perhaps lies –
understanding down to the simulating challenges during two patients with flu-like constant vigilance. keppelite
individual staff level. a pandemic. symptoms are suffering
from H1N1.
A random employee from CONSTANT VIGILANCE
each department was hence Although Singapore has now While not as fatal as
informed during the exercise moved fully into mitigation feared initially, individuals

Keppelite I July 2009

34 Sustaining Growth

Friends from far and wide

Keppel hosted several BINDING TIES WITH through a seminar that was the audience were introduced
visits to foreign delegates NANTONG organised by Nantong to the developments of
and dignitaries recently, a K e p p e l Corporation also Municipal P e o p l e ’s Nantong’s shipbuilding and
testament to its global hosted a delegation from Government, International marine supporting industries,
presence and international the Nantong Municipal Enterprise (IE) Singapore and as well as the benefits of
standing. People’s Government from Singapore Chinese Chamber investing in the municipality.
25-26 June 2009. of Commerce & Industry
ENGAGING AFRICA (SCCCI). Mr Lee Tai Kwee, President
As part of a study visit to Led by Vice Mayor Shen Zhen of Keppel Nantong Shipyard,
Singapore, some 35 senior Xin, the Chinese delegation The objective was to was one of the key speakers
officials from Africa and the was in Singapore to explore promote Nantong as an for the seminar. He shared
World Bank visited Keppel business collaboration with attractive destination for with the participants the
Offshore & Marine (Keppel S i n g a p o re c o m p a n i e s investment. At the seminar, reasons behind Keppel
O&M) on 25 June 2009 to Corporation’s decision to set
learn about its successful up its yard in Nantong in
people development 2005, while thanking the
strategies. support from the Nantong
government.
The delegation, which
comprised nine Ministers, as Mr Lee said, “We have
well as Permanent Secretaries developed a good relationship
and other senior leaders from with the Nantong government
Ghana, Kenya, Mozambique, and we are very happy with
Nigeria, Tanzania and the support that we have
Rwanda, had a lively received for our projects in
exchange with Keppel O&M’s Nantong. We look forward to
senior management led by their continuous support for
Mr Tong Chong Heong, CEO our future endeavours in the
Mr Tong Chong Heong, CEO of Keppel O&M (right) shares his yard and talent management
of Keppel O&M. region.”
experience with esteemed guests from Africa and the World Bank

Keppel O&M management

also shared how the overseas
yards are managed to ensure
that their multinational
employees work and live
together harmoniously.

With the comprehensive

range of human resource
topics discussed, the visit
was a fruitful one for the
delegates.

The Nantong delegation and Keppel senior management toasts to better ties and future collaborations

Keppelite I July 2009

 Sustaining Growth 35

During their stay in

Singapore, the Nantong
delegation also visited
Marina at Keppel Bay (MKB)
where Mr Choo Chiau Beng,
CEO of Keppel Corporation,
together with other senior
management from various
business units hosted a
sumptuous lunch.

DEEPENING RELATIONS
WITH BRAZIL
A delegation from Brazil also
visited the Keppel Group’s
headquarters from 3-4 July
2009.

Dr Lee Boon Yang (third from left) introduces the world-class Keppel Bay to H.E. Sérgio Cabral (second from left), Governor of Rio de Janeiro
H.E. Sérgio Cabral, Governor
of Rio de Janeiro, Brazil,
accompanied by Ambassador The Group, through Keppel
of Brazil to Singapore, FELS Brasil and BrasFELS,
H.E. Paulo Alberto da Silveira enjoys a long-standing
Soares, and a delegation relationship with Brazil.
comprising senior Some of the significant
governmental officials, was projects delivered in the
received warmly by senior past ten years include the
management from Keppel FPSO vessel P-48, and two
Corporation. production platforms, P-52
and P-51. The BrasFELS
The delegation was yard in Angra dos Reis is
introduced to the Keppel presently busy with the P-56
Group’s core businesses in production platform. Ways in
offshore and marine, which Keppel can contribute (From left) U.S. congressman Mr Solomon Ortiz, Mr G S Tan, CEO & President of Keppel
AmFELS and Deputy Chief Mr Ong Siew Gay cast their sights about Keppel AmFELS’ yard
property and infrastructure to Rio’s economic growth
by Keppel hosts, non- were key topics discussed
executive Chairman Dr Lee over the two-day visit. with the company from hardworking people who
Boon Yang, CEO Mr Choo Singapore,” said Mr Ortiz are smart. We are privileged
Chiau Beng, Senior Executive GROWING ROOTS IN during the tour of the Keppel to be able to set up
Director and Group Finance BROWNSVILLE facility in Brownsville, which companies like Keppel
Director Mr Teo Soon Hoe, as U.S. congressman Mr Solomon has a local employment of AmFELS and contribute to
well as well as the Group’s Ortiz and Mr Ong Siew Gay, about 2,000 people. the local communities.”
top management across the Deputy Chief of Mission and
different business units. Counsellor for the Singapore Mr Ong said during the Keppel AmFELS is a major
Embassy in Washington, luncheon at the facility. “I contributor to the university’s
The delegation also called at D.C. toured Keppel AmFELS think we in Singapore are new fine arts building and
the world-class MKB where Inc. on 18 July 2009. privileged to have Keppel appreciates the longstanding
they got to experience first AmFELS… Singapore is less relationship it has built with
hand the waterfront precinct “I appreciate and love the than 700 sqkm. It has no the local community. keppelite
of Keppel Bay. relationship we have had natural resources, just good

Keppelite I July 2009

36 Sustaining Growth

Once a Keppelite, always a Keppelite

The Keppel journey for
Mr Lim Chee Onn started The Keppel journey must be personally and professionally
in 1983 when he came satisfying, rewarding and enriching for Chee Onn.
onboard as director in the
group, and later when he
We celebrate his achievements with him.
was appointed Managing
Director of then Straits On behalf of the Keppel boards and Keppelites across
Steamship Company (now the Group, we thank Chee Onn for his invaluable
Keppel Land) in 1984. In contributions through the years. He has left a very deep
2000, he took over the baton and lasting imprint on Keppel. His contributions and
from the late Mr Sim Kee stewardship over 26 years will always be remembered and
Boon as Executive Chairman
of Keppel Corporation.
treasured by successive generations of Keppel.

But as the adage in the group Even as he embarks on a new journey, we extend our very
goes, “Once a Keppelite, best wishes for his good health, success and happiness.
always a Keppelite”. Mr Lim Dr Lee Boon Yang
is deeply appreciated for his Chairman, Keppel Corporation
in tribute to Mr Lim Chee Onn at the farewell dinner
invaluable contributions to
hosted by Keppel Corporation
Keppel.

Although Mr Lim has

relinquished his duties as
Executive Chairman and
Director of Keppel
Corporation as well as
Chairman of Keppel Land on
30 June 2009, he will
continue his service as Senior
Advisor so that the Group
can benefit from his
continued guidance and
strong network.

Keppel Corporation and

Keppel Land hosted dinners
in honour of Mr Lim on 1 July
and 24 July 2009 respectively
where Keppelites from
across the group extended
their good wishes and
Token of appreciation presented to Mr Lim was Ong Kim Seng’s water colour painting of Mr Lim’s alma mata, St Joseph’s Institiution, whose
appreciation to him. keppelite mission is to nurture leaders who are men of integrity and men for others

Keppelite I July 2009

 Sustaining Growth 37

Fondly known as the ‘three wise men’ of Keppel – Mr Teo Soon Hoe (right) extending his Vietnamese music scholar Huynh Thuc Anh performs in Mr Lim’s honour
good wishes to Mr Lim while Mr Choo Chiau Beng (centre) looks on

Toasting to Mr Lim’s health and happiness as he embarks on a new journey at the dinner hosted by Keppel Land

Keppelite I July 2009

 Empowering Lives
38 Empowering Lives

Generation of growth
the key difference to the
organisation as it strives to
overcome these challenges.

“Our candidates have given

me much hope that our
present generation of young
people does have the
qualities which our company
needs to ensure that we
continue to excel in the
coming decades.”

The video shown during the

ceremony showed the
scholars to possess admirable
qualities such as tenacity,
resilience, and Can-Do!
spirit.

Law Yi Ming, a Keppel

Corporation scholar, was a
dedicated rugby player
whose determination helped
Raffles Junior College clinch
the ‘A’ division rugby title in
2009 Keppel Scholars (from L-R): Goh Si Hui, Law Yi Ming, Ong Chee Lam, Yeo Wei Zheng 2007. He recalled, “Falling
down does not signal the
Generations of young and They were warmly welcomed not only Keppel’s history and end of a journey, but an
aspiring individuals have into the Keppel family at the values but also the exciting opportunity to learn, to get
joined Keppel since the Keppel Group Scholarships opportunity to shape its back on one’s feet, and to
inception of the scholarship Award Ceremony, held at the future.” make amends.”
programme in 1989. Today, Reflections at Keppel Bay
they are posted across the show gallery on 7 July 2009. In the worst of times, the Fellow Keppel O&M scholar
Group and globe, growing best of people are the life Ong Chee Lam, impressed
alongside the Company as Mr Choo Chiau Beng, force of any company. by the warm welcome
Keppel continues to drive a CEO of Keppel Corporation, Professor Bernard Tan, Guest extended by senior
difference. said, “The Keppel Group of Honour and Chairman of management, added, “I
Scholarship is an important the Scholarship Selection feel that Keppel is the
This year, four dynamic constituent of our human Committee, acknowledged place where you want to
youths joined the league of capital development strategy. this and emphasised the love, protect and care for. I
some 167 scholars who are need for resilient individuals am looking forward to
pursuing their dreams of a “As fresh blood, our scholars to steer the company in the opportunities to brave
quality education and inject new ideas, drive and a uncertain times. He shared, through tough times
challenging career with creative and entrepreneurial “It is principally the calibre of together and bring fresh
Keppel. spirit. Each scholar inherits the people who will make ideas to the Group.” keppelite

Keppelite I July 2009

 Empowering Lives 39

Powering the future

Eager to stretch their intrigued to learn more here, I appreciate the bonds eco-car as part of his final
minds and potential, about the ways and wonders that I’ve forged and learning year academic project.
budding talents across the of the electrical and opportunities given to me.”
Group are sprinting ahead electronic world, that he When completed, it will run
in their learning curves at decided to delve into The energetic youth, having in the Shell Eco Marathon
school and at work. electrical engineering at juggled studies, Vice- Asia 2010, competing
Keppelite shares the latest Ngee Ann Polytechnic (NP). Presidency of the Electrical against other prototype
updates on how three Engineering Academic vehicles to travel the farthest
Keppel scholars are taking Today, Song, 21, has fulfilled Society and community on the least amount of fuel.
great strides in their his childhood dream and service while at NP, now
development paths. more. Graduating as one looks forward to growing his Tinagaran shared, “It is an
of the top students of his roots in Keppel and building interesting and meaningful
CONSTRUCTIVE cohort, he even bagged an camaraderie with his engineering challenge. I
DREAMS industry scholarship from colleagues. believe I will be able to apply
As a child, Song Eng Keat the Association of Marine lessons and experience from
could not help being nosy, Industries (ASMI), sponsored DRIVEN BY PASSION this project to work later on.”
about how things worked by Keppel O&M. Tinagaran Puvanasan is
that is. At first, he started all revved up to floor the The same determination and
to dismantle his toys. As his He has started work as an accelerator and drive his way zest to achieve in areas of
curiosity grew in later assistant electrical engineer to fulfilling his dreams. But it his passion also propelled
years, he progressed to with Keppel Singmarine will not be on just any car; it Tinagaran to volunteer in
more complex things and since April this year. will be an eco-car designed the Youth Olympic Games
began to take apart even and built by a team of six led (YOG). Proud of Singapore’s
his computer. Song shared, “Thanks to my by him. role in the pioneer event,
mentors and supervisors, I Tinagaran readily offered his
But Song did not leave a have been able to adapt The 20-year-old, a Keppel services as a youth guide.
trail of destruction behind quickly to the new working O &M scholarship recipient
him. Much to the contrary, environment. In the short through the ASMI Scholarship
Song was consequently so few months since I’ve been Programme, is building the Continues on page 40...

Song Eng Keat looks forward to growing his roots in Keppel and building camaraderie Tinagaran Puvanasan is building an eco-car as part of his final year academic project
with his colleagues

Keppelite I July 2009

40 Empowering Lives

...continued from page 39.

Balancing these myriad for a five-month long awareness regarding discovered that expecting
commitments is not new to learning adventure. environmental issues. That the unexpected is part
the current Vice President has inspired me to want and parcel of life, no
of International Students’ Currently a fourth year to learn more in that area. matter how well thought
Club. Despite his active economics student majoring out one’s plans can be.
participation in diverse in finance at the Singapore “I also appreciated how an
projects, Tinagaran continues Management University, open-minded culture can “I realise now that it is
to do exceptionally well she shared, “I wanted to be conducive for the important to be able to
academically. Indeed, this augment my education free exchange of diverse stay calm and think quickly
mechanical engineering with an experience of how opinions and multiple on my feet when things go
student at NP has been on the Western educational perspectives.” wrong,” she added.
the Director’s list for three systems are structured. I
consecutive semesters. was also eager to immerse Learning in school was only With a hunger for learning
myself in a foreign culture part of the experience. and an adventurous
Since attaining the and environment and to During one of her road and global mindset,
scholarship in 2008, experience diverse working trips, her car window was Suan Sim is certainly well-
Tinagaran has interned once styles. I was amazed that smashed and the GPS was equipped for whatever
with Keppel, at Keppel the students I met there stolen. Robbed while on bumpy and exciting roads
Shipyard’s Mechanical demonstrated very strong the road, Suan Sim ahead!
Department. He shared
that this experience had
put him a step ahead of his
peers at school because it has
given him a ‘real-world’
understanding of mechanical
engineering and the marine
industry.

LEARNING ON THE ROAD

While the road to learning
may sometimes be long
and challenging, it did
bring Keppel Corporation
scholar Chan Suan Sim on a
joyride to Babson College in
Wellesley in the United States
early this year.

Yearning for cross-cultural

insights into how
entrepreneurial minds are
harnessed at the American
college, ranked Number One
for entrepreneurship in
the BusinessWeek 2009’s
“The Best Undergraduate
Business Schools” list,
Suan Sim packed her bags Exploring her boundaries, Suan Sim was awed by the Grand Canyon during her overseas stint in the US

Keppelite I July 2009

 Empowering Lives 41

KRC to draw more Keppelites

Starting out from a humble
clubhouse with just a few
hundred affiliates in the
1970s, the Keppelite
Recreation Club (KRC) has
since grown significantly in
strength, serving over 4,000
members today.

In appreciation of the
strength and support
from Keppelites’ active
participation, the Club
celebrated its 33rd Dinner and
Dance (D&D) at Orchard
Hotel on 3 July 2009.

Guest of Honour Mr Charles

Foo, Chairman of KRC and Keppelites showcased their talent in dance

MD (Special Projects) of
Keppel Offshore & Marine activities when it began,
(Keppel O&M) took the the Club now boasts a
opportunity to thank the much wider range of
members for their unstinting activities and programmes
support, not just for this such as dragon-boating,
year’s D&D, but for all the bowling, cricket and charity
projects and activities that night fundraisers.
the club had organised in the
past. Recently, the Club heightened
its outreach efforts by
Mr Foo shared, “Over the past reaching out to a wider
eight years, KRC has organised group of Keppel business
more than 300 activities units in addition to Keppel
relating to sporting, leisure and O&M. This has led to the
volunteer programmes. Our formation of several sub- The KRC party kicked off with a series of exciting and entertaining games

membership has grown committees to look into the

substantially as a result of the needs of members from the Group to join us as took off with a series of
many new and engaging other sister companies in the members. KRC will continue exciting and entertaining
activities. I am proud to see Group. to play an active role in the games such as quizzes and
how our efforts have helped fostering of a cohesive competition for the best-
to enhance the camaraderie Mr Foo added, “While we workforce, which is vital to dressed. Keppelites also
and work-life balance of our work hard, we must also the Group’s competitive edge showcased their dancing
members.” take time to have fun and and ability to excel.” talents that left the audience
unwind. In the near future, clamouring for more as
Compared to the few basic we hope to attract even The D&D, themed the evening drew to a
offerings of recreational more Keppelites from across “Entertainment Tonight”, memorable close. keppelite

Keppelite I July 2009

42 Empowering Lives

Gearing up for the big race

Four Keppelites from Thomas said, “Sailing on the
different walks of life knew yacht means working with
they were in for the time of crew members from different
their lives when they decided nationalities, age groups and
to take up the challenge backgrounds.
of becoming Keppel
Ambassadors in the Clipper “Together with the skipper,
09-10 Round the World we will identify the strengths
Yacht Race. and weaknesses of each
crew member to bring out
As Keppel Ambassadors the best in each of us. We
competing in the testing must also learn how to
ocean-crossing race, not only motivate one another and
do they need to face the build up team spirit.”
capricious elements of the
open sea, but they also have For Adrian, he had come out
to evince the Can–Do! spirit of his training feeling more
of Keppel while tackling determined and motivated Name Thomas Pang Name Karan Teo
them. than ever to win the race. Age 44 Age 32
A surge of emotion flooded Race Leg 1: Humber, Race Leg 4: Western
The preparations that go into his heart when he had first UK – Rio de Janeiro, Australia – Singapore
such a once-in-a-lifetime stepped onboard the Brazil – Qingdao, China
opportunity are naturally Uniquely Singapore clipper. Profession GM, Profession
anything but slipshod. The Corporate Marketing Executive,
Clipper participants had to Adrian shared, “When we Development, Keppel Seghers
go through three parts of boarded the Uniquely Keppel Offshore & Key attributes A
training before taking on the Singapore race boat, there Marine volunteer diver and
race. was immediately a sense of Key attributes Team avid adventure seeker
pride knowing that we will manager for Keppel with international
For those preferring to train be representing Keppel and Offshore & Marine’s exposure Karan’s
in Asia, Parts A and B of the Singapore. It felt good.” dragon boating squad dynamic personality
Clipper Training curriculum Thomas’ leadership and sociable
are conducted by Keppel Bay PLATFORM FOR experience and team- disposition will be
Sailing Academy (KBSA) at CHARACTER BUILDING building skills will appreciated by her
Marina at Keppel Bay with In line with Keppel’s come in handy for crew especially when
the last session in Gosport, continuous commitment to Uniquely Singapore. the going gets tough.
UK. Thomas Pang and Adrian skills development and
Tan were the first of the character building for its
Keppel quartet to complete employees, Keppelites are
their training. encouraged to take up
sailing at KBSA with the
Sharing the strategy he had Company sponsoring 40%
learnt from the training, of the course fees.

Keppelite I July 2009

 Empowering Lives 43

Ms Wang Look Fung, GM of better understanding of the

Keppel Group Corporate marina community and
Communications, explained, lifestyle which may be helpful
“At Keppel, we not only in my work when it comes
celebrate an adventure- to developing Keppel Land’s
seeking mindset, we also new marina development in
nurture it and provide Zhongshan, China.”
opportunities for it to
flourish.” Not only Keppelites but
members of the public have
Responses so far for the been attracted to take up
sailing courses have been KBSA’s Royal Yachting
very positive. Association (RYA) accredited
sailing courses. These
Te re n c e C h u a , P ro j e c t students range from novices
Engineer at Keppel to seasoned sailing
Singmarine, was one of the enthusiasts who wish to
Name Bart Kregersman Name Adrian Tan first Keppelites who eagerly expand their nautical
Age 27 Age 31 seized the opportunity. knowledge and expertise.
Race Leg 5: Qingdao Race Leg 7: More than just picking up
– California Caribbean – Humber, sailing skills through the Boris Zange, Trader at
Profession Research UK course, Terence had also built Deutsche Bank, shared,
Engineer, Keppel Profession Contracts up self-confidence while “I had a great time with
Seghers (Belgium) and Procurement learning more about team KBSA, and I learnt much
Key attributes Manager, Keppel FMO work. more about sailing than I had
Resourceful and Key attributes Self expected to. The experienced
inventive, engineering- motivation, rigour For Zac Tan, Senior Investment instructors made this course
trained Bart has a and strict discipline Manager of Township & not only very effective but
hands-on mentality to helped Adrian win for Waterfront Developments, also very fun.
solving problems and Singapore a silver Keppel Land International, the
views challenges medal in the sailing courses had proven “The state-of-the-art
as an opportunity to International Dragon beneficial for work. yachts make for a safe and
explore, grow and Boat Race in 1996. exciting sailing experience.
develop oneself. Bart That experience and Zac shared, “I took up this Furthermore, as KBSA is
stands ready to others have shaped a experience because the RYA-approved, which is
transfer his winner out of him, as itinerary includes visiting a qualification accepted
competencies from he sharpens his skills various marinas in Singapore worldwide, I will definitely
work to to win pride and joy as well as Nongsa Point recommend this to anyone
adventure. for Singapore again, Marina & Resort in Batam, keen in sailing!”
this time on the Indonesia.
competitive global For details on KBSA’s offerings,
race. “This course is a good visit www.kbsa.com.sg.
chance for me to have a keppelite

Keppelite I July 2009

44 Empowering Lives

Living ties
Through talent management studying Navel Architecture to make both ends meet. Keppel Batangas employees
programmes and relationship and Marine Engineering at If I did not receive this competed with those of
building activities, Keppel’s the NAMEI Polytechnic scholarship, my college other BPTIPC’s members,
shipyards in the Philippines Institute in Mandaluyong education would be at the sharing and bonding over
are constantly looking for City, Philippines. expense of another sibling’s much laughter and good-
ways to develop their schooling opportunity.” natured jibes.
human capital, as well as For one of the recipients,
empower the lives of those Norwin Dela Cruz, the To date, 11 students have “Through such fun-filled
in the community. scholarship is an opportunity benefited from this events, we have not only
to pursue a dream career. He scholarship programme. strengthened our ties with
HARNESSING LOCAL shared, “I have always had our business partners and
TALENTS an affinity for ships. With this BUILDING RELATIONS co-workers, but also
Since 2006, Keppel scholarship, I can take my THROUGH SPORTS established new friendships,”
Philippines Marine and Subic interest further by Keppel Batangas Shipyard said Mr Israel Sanchez, HR
Shipyard and Engineering undergoing the necessary joined other members of the & Administration Manager of
have been sponsoring the training that will enable me Batangas Province Tripartite Keppel Batangas.
college education of to work in shipbuilding and Industrial Peace Council
outstanding youths who lack design.” (BPTIPC) on 19 June 2009 for BPTIPC is an association
the financial means to pursue the organisation’s third spearheaded by the regional
marine-related courses. For Zarra Mendoza, another Sportsfest. government to promote
recipient, the scholarship cooperation and collaboration
This year, Keppel scholarships provides much needed Through games such as between the business
were awarded to two financial assistance for her tug-of-war, basketball, community and labour
salutatorians and two education. She explains, “My darts, billiards, bowling, sector in the Batangas area.
valedictorians. They will be family has to work very hard table tennis and golf, keppelite

Mr Kok Boon Heng, President of Keppel Batangas (left), and Ms Agnes Barbara L. Lorenzo, VP The Keppel Batangas team with Batangas Vice Governor Marc Leviste (front row, fourth from
of Administration & Finance, Keppel Philippines Marine (right), extend a warm welcome to the left)
new members of the Keppel family

Keppelite I July 2009

 Empowering Lives 45

Keppelites Abroad

Bridging two worlds

Enjoying the challenges and
rewards of his work in one
of the region’s most sought
after holiday destinations
certainly presents the best
of both worlds to Munir
Muhammad Said.

Known affectionately by his

colleagues as Moon, the
Marina Consultant for
Nongsa Point Marina &
Resort situated in idyllic
Batam, Indonesia, knows he
is one of few who can find
both job satisfaction and
escape from the hustle and
Moon (right) stays buoyant and upbeat with support of colleagues at Nongsa Point Marina & Resort
bustle of urban life in
Singapore in one place.
Moon’s job scope is to and qualified marina Since his posting to Batam,
With its 192 rooms and 65 create and implement a management team. Moon’s love of the sea has
world-class berths, Nongsa set of Standard Operating grown by leaps and bounds,
Point Marina & Resort is part Procedures (SOPs) for the To bring Nongsa Point especially in fishing! While
of Keppel Land’s portfolio of marina’s new operations Marina & Resort on par, Moon used to fish only using
hotels and resorts in the team. These include the day- Moon is keen to share the rods, reels and hooks, he has
region. Here, Moon’s area of to-day operations, use and knowledge and experience learnt from his colleagues
expertise is wielded where maintenance of the world- he had accumulated through to employ other more
water meets land – at the class pontoon systems built the training programmes he traditional methods such as
brand new renovated marina by world-renowned marina underwent. Moon is certified spearing, laying ‘bubu’ (fish
facilities. builders, Bellingham Marine, with the widely recognised trap) and ‘ben-to’ (crab trap),
work safety aspects, ‘Introduction to Marina and even catching prawn
Backed by seven years of emergency procedures and Management’ course by with unused pipes!
marina-related experience, other crew responsibilities. Marina Industries Association
Moon was no stranger to of Australia. Moon encourages fellow
Nongsa Point Marina & Having worked in both Keppelites to take up an
Resort when he was first marinas, Moon shared that Moon shared, “I hope my overseas posting when
posted there in May this year. an important commonality experience can aid in the given a chance. “Be it near
Moon was a key member of is the strong emphasis professional development of or far, an overseas posting
the operations team at sister on outstanding service the staff at Nongsa Point surely has its own set of
marina, Marina at Keppel standards – Marina at Keppel Marina & Resort and help challenges. Correspondingly,
Bay, also managed by Keppel Bay is the only marina in raise the level of service that one will also learn and grow
Land, prior to his current South-east Asia to be is offered to the boating from the new experiences
posting. managed by a fully-trained community.” along the way.” keppelite

Keppelite I July 2009

46 Empowering
Nurturing Communities
Lives

The games in swing

31 July will see fighting-fit Ivan Teo, Chairman of Keppel camaraderie, and friendship To register, contact your
Keppelites take the first swing Games 2009 organising not just within the teams, team manager today. For
at winning the coveted committee, shared, “We hope but ultimately across different more information, visit
Overall Keppel Games to encourage sportsmanship, all the business units.” www.keppelscholars.com.
Championship Cup at the keppelite

annual Games – beginning

with the Keppel Offshore &
Marine Golf Challenge. Event Date Venue
Golf 31 July National Service Resort and Country Club
The golf event will kickstart
(Kranji Sanctuary)
a three-month long series of
intense competitions into Basketball 2 August Singapore Basketball Centre
action. Futsal 16 August The Cage
Darts 30 August Serangoon Garden Country Club
The three teams – Atlantic,
Caspian, and Pacific – Pool 6 September Pool Fusion
comprising mixed groupings Bowling 13 September Orchid Bowl @ Orchid Country Club
of the various business units
within the Keppel Group, Table tennis 27 September Republic Polytechnic
have already started to sweat Badminton 4 October Choa Chu Kang Sports Hall
it out at trainings for the
Kep-Walk! 18 October East Coast Park
various games.

Bonding over bowling

For fun and friendship, year as a total of 30 teams
16 Keppelites from comprising 120 players pit
Keppel Offshore & Marine their bowling skills against
represented Keppel Recreation one another.
Club (KRC) in the Association
of Singapore Marine After a roll-off by Mr Hoe
Industry’s (ASMI) 17th Eng Hock, ED of Keppel
bowling tournament at Jurong Singmarine and Vice-
SuperBowl on 28 June 2009. President of ASMI and four
rounds of games, the KRC
A popular annual event, the teams did themselves proud
ASMI Bowling Tournament by winning second and third
was once again met with an place for the team event.
overwhelming response this keppelite

The 17th ASMI Bowling Tournament was a hit again this year

Keppelite I July 2009

 Nurturing Nurturing
Communities
Communities 47

volunteers
Keppel

Pride on parade
Every year, the Singapore Singapore Armed Forces and The evening culminated in bright smiles on the students’
National Day Parade (NDP) the Home Team’s capabilities. a long-anticipated shower faces that the fun and joy
Preview is a highly anticipated of fireworks, along with of spending an enjoyable
event attended by the Keppel Another highlight was the an unexpected torrential evening with Keppel
Volunteers and students from 21-gun Presidential Salute downpour. Despite the Volunteers were far from
the Association for Persons that was held for the first time sudden return of rain, it extinguished. keppelite
with Special Needs (APSN), on a specially constructed was evident from the
Keppel’s adopted charity. floating platform. The
ceremony, which was
This year, brandishing the punctuated by cannon shots,
same badge of pride, the was clearly a crowd favourite
Keppel troop marched judging from the wild cheers
shoulder to shoulder with that grew louder with each
people from all walks of life, reverberating boom.
coming together as one
united people to celebrate As evening descended,
Singapore’s birthday. magnificent burst of lights
and colours on the stage
Held at the Float@Marina added to the night an air
on 11 July 2009, they were of enchantment. Swaying
among the first to catch an flickers of light from the
exciting glimpse of the NDP audience’s heart-shaped
rehearsals. torches that came with the
funpacks also lent a magical
The slight drizzle before the aura to the atmosphere. Keppel Volunteers and the students shared heartfelt moments of joy at the NDP Preview

show did not dampen their

spirits as it soon gave way to
a splash of rainbow across
the sky which aptly reflected
this year’s National Day
theme, “Come Together –
Reaching Out, Reaching
Up”.

Spectacular jumps by the

Red Lions parachutists set
off the 10-chapter show
which offered a series of
visual treats without a pause.
Among them was a thrilling
15-minute Total Defence drill
simulation that showcased
an impressive range of the Heart-felt celebration of Singapore’s 44th National Day

Keppelite I July 2009

 BackPage
48

Keppel secures WTE technology

contract in Tianjin
Keppel Integrated Engineering waste per day (combined further inroads by providing KIE is currently the market
(KIE), through Keppel capacity) to generate more proven, effective green leader for imported waste-to-
Seghers, has secured a than 20 MW of green technology for managing energy solutions in China, with
11 million (approximately energy. waste produced by 60% share of the market.
S$22.3 million) contract to burgeoning cities in
provide technology to a The plant is expected to China.” Earlier in March this year,
waste-to-energy plant (WTE) be operational in 2011. Keppel Seghers was also
in Hangu, Tianjin, China. The Keppel Seghers will provide Latest figures from China’s awarded a S$30 million
contract was awarded by equipment for the furnace, megacities, like Beijing and contract to provide
Tianjin Binhai Environmental boiler and flue gas cleaning Shanghai, show the urgency technology to a WTE plant in
Industry Development Ltd. components of plant. of China’s waste problem. Jinan, Shandong, by Riseland
Just recently, Beijing’s Holdings, a subsidiary of
Located in Binhai Technical & Mr Chua Chee Wui, CEO of municipal administration Everbright International. The
Economic Development Area KIE, said, “Having gained commission warned that at plant will be able to treat
(TEDA), Tianjin, the plant will momentum in China’s WTE the current rate of waste 2,000 tonnes of municipal
have three incineration lines market as the leader for production, Beijing’s 13 waste per day, making it one
which will be able to treat imported WTE solutions, landfills will be full in “four of the largest WTE plants in
1,500 tonnes of municipal we are pleased to make to five years”. China. keppelite

Printed on recycled paper

As the market leader of imported WTE solutions for China, KIE is well-poised to help Chinese cities manage their environmental challenges posed by waste. The WTE plant in Nanshan, Shenzhen,
is one of the many projects that KIE has completed in China

Keppelite I July 2009