Keppel, ADB, EnterpriseSG ink $1.048b energy transition deal for APAC

It also covers environmental sustainability projects in the region.

Keppel has announced the signing of an $1.048b (U$800m) memorandum of understanding (MOU) with the Asian Development Bank (ADB), and Enterprise Singapore (EnterpriseSG) for energy transition, environmental sustainability, and blended finance opportunities in Asia and the Pacific region.

“These energy and environmental projects are expected to contribute towards building the pipeline of high-quality, proprietary infrastructure assets for Keppel’s private funds and listed business trust,” Keppel said in a statement.

“The cooperation on blended finance, which explores potential uses of concessionary financing, will further improve bankability, support development outcomes, and help mobilise private investment for the projects,” it added.

Through the collaboration, Keppel aims to develop and operate projects that focus on decarbonisation, renewable energy, electric mobility, green buildings, water treatment, and waste-to-energy. These projects aim to reduce carbon emissions by at least 1 million tonnes annually.

EnterpriseSG, meanwhile, will help Keppel find partners, navigate regulations, and access funding for projects in over 35 countries.

The parties will initially look into opportunities in Southeast Asia to support this cooperation with climate financing solutions, targeting a total project value in excess of $1.048b (U$800m) over the period of 2025 to 2030.

The MOU was signed by Cindy Lim, CEO of Keppel’s Infrastructure Division, Bhargav Dasgupta, vice president for Market Solutions of ADB, and Cindy Khoo, managing director of EnterpriseSG.

Keppel does not expect the collaboration to have any material impact on its earnings per share and net tangible assets per share in the current financial year.

U$1 = S$1.31

Follow the link s for more news on

Asian Development Bank

Enterprise Singapore

Keppel Infrastructure

A NOTE FROM SINGAPORE BUSINESS REVIEW

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia