Keppel bags US$70m worth of EaaS contracts in Vietnam

The company inked contacts with Republic Holiday Inn amongst others.

Keppel Corporation has expanded its  Energy-as-a-Service (EaaS) footprint in Asia, signing US$70m worth of contracts and Memoranda of Understanding (MoA) with companies in Vietnam.

Companies which Keppel will be providing EaaS include Republic Holiday Inn, Republic Suite Plaza and Estella Place in Ho Chi Minh City, and Grand Mercure Hotel & Resort in Quang Binh Province.  

Under the contracts, Keppel will design and retrofit the existing cooling systems of its clients’ developments to improve energy efficiency and asset performance.

Keppel expects to complete the projects in phases. The combined design capacity of the projects is 8,000 Refrigeration Tonnes (RT). 

The projects are also expected to offset over 3,500 tonnes of carbon emissions annually, which is equivalent to the carbon abatement of taking more than 1,000 cars off the road. 

Meanwhile, Keppel also signed Memoranda of Understanding (MoA) with various partners in Vietnam, such as Filmore Group, Thanh Dat and Alphanam Group, to explore implementing other types of EaaS services, including cooling, solar photovoltaic systems and electric vehicle charging.