Keppel to retrofit water systems of Thailand’s Centara Watergate, Watergate Pavilion
It is expected to translate to 23% cost savings over the next 20 years.
Keppel, through its joint venture with Decarb Corporation Company Limited, has secured two contracts to provide Energy-as-a-Service (EaaS) for a hotel and shopping mall in Bangkok, Thailand.
Keppel will design and retrofit the Centara Watergate and Watergate Pavilions’ existing chilled water systems to improve their energy efficiency and asset performance. The project is expected to translate to 23% cost savings over the next 20 years.
It is expected to reduce over 18,000 tonnes of carbon emissions over the 20-year period. This is equal to planting 12,500 trees, Keppel said.
The projects are expected to be completed by 2024 and will have a combined design capacity of 1,350 refrigeration tonnes (RT).
Keppel will own and operate the systems throughout the contract period, through a long-term supply and service subscription, the company said in a press release.
This EaaS subscription model is reportedly the first of its kind in Thailand, which aims to provide fast go-to-market and customer-centric energy efficiency solutions.
Keppel also inked two memorandum of understandings (MOU) to implement EaaS in Thailand.
The first MOU involves Keppel, Decarb, and Thai Hospitality Company, whilst the second is between Keppel, Decarb, and Thai Bonnet Trading Zone Company.
The proposed projects under the MOUs are expected to commence in 2024 and will have a capacity of over 4,000 RT.
The proposed projects are further expected to reduce carbon emissions by 58,000 tonnes over a span of 20 years, or equivalent to the carbon abatement of 40,000 trees.
Sam Yan Smart City DCS plant ground-breaking
Keppel also held the ground-breaking ceremony for the S$329m district cooling system (DCS) plant that will serve the Sam Yan Smart City master development.
The DCS plant, developed by Keppel and JV partners BCPG Public Company (BCPG) and TEAM Consulting Engineering and Management Public Company, will have a projected cooling load of 18,000 RT to serve cooling needs of eight developments that cover office, retail and residential properties.
Keppel will lead the operations and maintenance of the DCS plant for 20 years following the plant’s completion. The first phase of the plant is set to be operational in 2024.