Keppel Land may save up to $30 million a year by going green

Going green could help Singapore-based property developer Keppel Land save as much as $30 million a year in energy costs, it said in a statement on Wednesday. -- ST PHOTO: LIM YAOHUI
Going green could help Singapore-based property developer Keppel Land save as much as $30 million a year in energy costs, it said in a statement on Wednesday. -- ST PHOTO: LIM YAOHUI

SINGAPORE - Going green could help Singapore-based property developer Keppel Land save as much as $30 million a year in energy costs, it said in a statement on Wednesday.

The firm released that figure as part of its latest sustainability report, which is its sixth.

It said that the total energy savings from its 43 Green Mark-certified projects in Singapore and overseas will be about 120 million kilowatt-hours per year when those projects are fully completed.

That amount works out to enough energy to power over 21,000 homes in Singapore for a year, and will also save an estimated $30 million, Keppel Land said.

The Green Mark rating is given out by the Building and Construction Authority to buildings or tenants who meet certain environmental standards through the use of energy-efficient refrigeration fans or light bulbs, for instance.

Keppel Land added that these projects will also be able to cut greenhouse gas emissions by nearly 60,000 tonnes per year.

It noted that one of its projects, Ocean Financial Centre, has an "energy-efficient hybrid chilled water system and an integrated paper recycling facility".

Other companies here also release sustainability reports, such as City Developments (CDL), CapitaLand and Singapore Airlines.