Tianjin

25 January 2011

The Sino-Singapore Tianjin Eco-City Investment and Development Co., Ltd. (SSTEC) moved off to a good start in 2011 by signing a series of investment deals with four (4) companies. These involve transfer of land use rights and leasing of office space and factory space.

The deals were witnessed by Singapore's Minister for National Development Mr Mah Bow Tan and China's Vice-Chairman for the Eco-City Administrative Committee (ECAC) Mr Cui Guang Zhi at a signing ceremony held in the Eco-City on 25 January afternoon.

Representing the recently established Tianjin Eco-City Ministerial Committee from Singapore was Senior Minister of State for Education and National Development Ms Grace Fu. The formation of the Ministerial Committee, which is chaired by Minister Mah Bow Tan, reflects the importance that the Singapore Government attaches to the Eco-City project. Chinese representatives at the signing ceremony include ECAC Vice-Chairmen, Mr Zhang Yan Fa, Mr Lin Xue Feng, Mr Yang Zhi Ze and Mr Meng Xian Zhang, and Tianjin Eco-City Investment and Development Co., Ltd. (TECID) General Manager Mr Meng Qun.

With these latest signings, SSTEC has attracted an additional RMB 265 million worth of industrial investments to Tianjin Eco-City, bringing the total to RMB 2.8 billion. The companies involved in the signings are Keppel Telecommunications and Transportation Ltd (Keppel T&T), Keppel Integrated Engineering Ltd (KIE), SITO Jia Hua (Beijing) Investment Co., Ltd (SITO) and Enersolar New Energy Technologies Pte Ltd (Enersolar). (Please refer to Annex I and II for further details.)

The Tianjin Eco-City has attracted investments from many top multinational corporations, including Philips and Hitachi. Singapore companies have also been actively taking the lead in driving investments and deploying eco-technologies and sustainable urban solutions to help the Eco-City achieve its objectives.

Mr Ho Tong Yen, CEO of SSTEC, said: "I am very pleased to see that many world-class companies have decided to invest in the Tianjin Eco-City and use this as a base to engage in research and development, eco - technology showcasing and regional sales and distribution activities in Tianjin and Northern China. I am also delighted that many Singapore companies have decided to take advantage of this platform provided by the Chinese and Singapore governments. In 2010, SSTEC attracted some RMB 2.5 billion of industrial investments into the Eco-City, out of which almost half were from Singapore companies. For today's signing, 3 out of the 4 deals involve Singapore companies. We look forward to partnering even more Chinese, Singaporean and international companies to work together to build a green and vibrant Eco-City."

Keppel T&T will sign an agreement to transfer the Land Use Rights of a 2.8 ha logistics land plot in the Eco Industrial Park (EIP) for the development and operation of a green integrated logistics distribution centre. This will bring in an investment of RMB 135 million and feature a 35,000 square metres modern warehouse when completed. Keppel T&T’s logistics hub will help to draw high-value added manufacturing investments into Tianjin Eco-City and provide integrated logistics services for the Tianjin Eco-City, Tianjin Binhai New Area and northern China.

Keppel T&T is a key partner in the Eco-City and will play an important role in fulfilling the logistics requirements of investors and companies in the EIP, and facilitating the growth of their businesses. This is especially so as logistics is an essential ingredient in ensuring the competitiveness and growth of EIP as a premier manufacturing base for investors in the Bohai Rim area. Mr Pang Hee Hon, CEO of Keppel T&T said: "We are happy to contribute to the development of the Tianjin Eco-City. This marks Keppel T&T's first and significant step into North China. We look forward to bringing in the experience and success we had in providing integrated logistics services in other parts of China, as well as working with the other partners coming into the Eco-City. In line with the Eco-City's vision to be a model of sustainable development, Keppel T&T also aims to provide green logistics services that can help customers adopt sustainable supply chain practices and achieve better resource efficiency."

SITO Jia Hua (Beijing) Investment Co., Ltd (SITO) will invest RMB 130 million in the Eco-Business Park and set up an ecological demonstration base in Tianjin Eco-City, which will include its regional office, a R&D centre for solar PV, solar thermal power generation, and biomass power generation. SITO will also act as a multiplier and use this platform to bring in its portfolio of companies into Tianjin Eco-City and will generate economic spinoffs and job creation to attract talents and residents to the Eco-City.

Solar heating company Enersolar New Energy Technologies Pte Ltd will be taking up plug-and-play ready built factory space in the Eco-Industrial Park to assemble and provide renewable energy and solar thermal systems for the Eco-City. Mr Javis Lim, President of Enersolar New Energy Technologies Pte Ltd said: "We are delighted to participate in the Eco-City, as we believe there is a sustainable market for solar thermal energy, which helps owners of buildings meet Green Building Evaluation Standards (GBES) requirements for buildings in the Eco-City."

Keppel Integrated Engineering (KIE) will take the lead in developing the Tianjin Sustainable Development Innovation Centre (TSDIC) in the Eco-Business Park. The TSDIC will be a place where international educational institutions, government agencies, and leading international companies are brought under one roof to create an environment that is conducive for an active R&D and innovation community to take root in the Eco-City. As the first anchor tenant of Landmark Building 2 in EBP, KIE will join the ranks of other eco- technology stalwarts such as Philips, Hitachi and ST Engineering to develop the EBP as a vibrant R&D centre for eco-technology and sustainable urban solutions for the Tianjin Eco-City and beyond.

At the same signing ceremony, KIE also signed a framework agreement with TECID to explore joint investment and development of water treatment projects in the Tianjin Eco-City.  The collaboration with TECID will leverage KIE's wide experience in wastewater treatment and water recycling to contribute towards the growth of the water resource and wastewater management industry in the Tianjin Eco-City.

The KIE-TECID projects will include a new water recycling plant that will reuse reclaimed wastewater in the Eco-City. The water plant will purify treated wastewater to a quality that is higher than China's national water discharge standard. The recycled water is suitable for reuse in a number of non-potable applications such as landscaping, parks and golf courses irrigation, as well as in various industrial applications such as cooling water, dust control and construction activities. The recycled water from the water plant hence provides an additional source of water, reducing overall demand on fresh water and alleviating water scarcity challenges in North China.

Ministerial Committee visits Tianjin Eco-City

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About SSTEC

SSTEC is the master developer for the Tianjin Eco-City. It is a 50/50 joint venture between the Chinese Consortium led by Tianjin TEDA Investment Holding Co., Ltd. (Tianjin TEDA) and the Singapore Consortium led by the Keppel Group.

The Tianjin Eco-City is a landmark bilateral project between China and Singapore with private-sector investment and development. Located in the Tianjin Binhai New Area (40 km away from Tianjin city centre), the 30-sq km Tianjin Eco-City is envisioned to create a harmonious and sustainable community that meets the needs of an urbanising China and will be a modern township where 350,000 residents can live, work and play. When completed, the 4-sq km Start-Up Area will be home to 26,500 households, with the first batch of residents expected to move in around 2012.

For more information about Sino-Singapore Tianjin Eco-City, please visit www.tianjineco-city.com

For further information, please contact:
Mr. Gang Wei (China)
SSTEC
Executive, Corporate Development
Mobile: (86) 136 8216 3039
Email: gang.wei@tianjineco-city.com
 
ANNEX I – OVERVIEW OF AGREEMENTS

ANNEX II – COMPANY PROFILES & CONTACT

About Keppel Telecommunications & Transportation Ltd

Headquartered in Singapore, Keppel Telecommunications & Transportation Ltd (Keppel T&T) offers integrated services and solutions in two core businesses: logistics and data centre. Keppel T&T is listed on the Singapore Exchange Securities Trading Ltd.

In Singapore, Keppel T&T has over 40 years of experience in offering customised integrated logistics solutions. It currently also operates world-class logistics facilities with state-of-the-art IT infrastructure in China, Hong Kong, Malaysia and Vietnam.

In China, Keppel T&T has a significant presence mainly through its subsidiary, Keppel Logistics (Foshan) Limited (KLF). KLF, a joint venture company between Keppel T&T and Sinotrans Guangdong Co., Ltd., is a leading and unique integrated logistics service provider in Foshan. It provides a wide range of solutions and services such as port operations, international freight forwarding, Non Vessel-Operating Common Carrier, feeder service, warehousing and distribution, trucking service, supply chain solutions, third party logistics as well as other value-added services.

About Keppel Integrated Engineering Ltd

Keppel Integrated Engineering Ltd (KIE) is a wholly-owned subsidiary of Keppel Corporation Limited, a leading mainboard listed conglomerate in Singapore.

KIE is a leading provider of comprehensive and integrated environmental solutions ranging from consultancy, design and engineering, technology development, and the construction, operations and maintenance of facilities. Its advanced technology solutions address a wide spectrum of environmental issues such as solid waste, wastewater, drinking & process water, and sludge.

In water treatment, KIE has more than 30 years of experience, having implemented more than 350 water and wastewater treatment projects to date. KIE is currently building what will be the largest integrated wastewater treatment, water reuse and sludge treatment plant in Qatar when completed.

Besides environmental engineering, KIE also offers an integrated range of expertise from facilities management, heating and cooling services to construction, fabrication and maintenance services for industrial structures and equipment.

In 2010, Keppel DHCS Pte Ltd, a wholly owned subsidiary KIE, set up a joint venture with Tianjin Eco-City Energy Investment and Construction Co., Ltd to provide district heating and cooling system in the Sino-Singapore Tianjin Eco-City.

Contact
Ang Lai Lee (Mr)
Senior Manager
Group Corporate Communications
Keppel Corporation Limited
Tel: +65 6413 6427 /+65 82339299
Email: lailee.ang@kepcorp.com

About Enersolar New Energy Technologies Pte Ltd

Established in May 2009, Enersolar New Energy Technologies Pte Ltd is a Singapore company with main businesses in investing, designing and installation of solar PV, solar thermal systems and solar street lights for hotel, hospital, school, residential, offices and commercial buildings. Enersolar will partner Germany's Solar Stream, and China's First Solares and Zkenergy, in the development and manufacturing of solar PV, solar thermal and solar street lighting products.

Contact

Javis Lim
President
Mobile: (86) 0512 8666 3766
Email: javis@javis.net

About SITO Jia Hua (Beijing) Investment Co., Ltd

SITO is a financial holding group, providing investment, financing, consultancy and financial advisory services. SITO Jia Hua (Beijing) Investment is a subsidiary of SITO.

SITO's key investment areas are new energy, real estate, environment protection, biomedical, micro-electronics and high tech.

Its other subsidiaries in China are: Hong Kong SITO (International) Financial Holding Group, SITO (China) Network Investment Group, SITO (Beijing) Commercial Consulting Co., Ltd, and SITO Network Science Technology Co., Ltd.

Contact
Liu Chu Jian
Executive Deputy General Manager
Mobile: (86) 133 8998 1630
Email: Liuchunjian12@163.com