Company Briefs: Hyflux


Hyflux has won a US$500 million (S$673 million) contract to build an integrated water and power project in Egypt.

The company yesterday said it had received a formal letter of award for the Ain Sokhna Integrated Water and Power Project.

The project marks Hyflux's entry into the Egyptian market and will be the group's first integrated water and power project abroad.

Under the letter of award, Hyflux will be the engineering, procurement and construction contractor as well as the operations and maintenance service provider over the 25-year concession period.

The desalination plant is designed to produce 150,000 cubic m of water per day.

An on-site 457MW combined cycle gas turbine power plant will be constructed to generate power and supply electricity to the desalination plant, and excess power will be dispatched to the grid.

Keppel Telecommunications & Transportation

A joint venture between Keppel Telecommunications & Transportation (Keppel T&T) and Keppel Land has secured $84.5 million in contracts to provide co-location and data centre services at Keppel Datahub 2.

The contracts were signed with a blue chip client in the Internet enterprise industry and a government-related entity, said Mr Wong Wai Meng, chief executive of Keppel Data Centres, the joint venture.

The contracts are not expected to have material impact on the net tangible assets or earnings per share of Keppel T&T for the current financial year.

"This brings commitment at Keppel Datahub 2 to 100 per cent within two years since the facility was completed in 2014," Mr Wong added.

Keppel Datahub 2 was the first newbuild data centre in Singapore to be awarded the BCA-IDA Green Mark Platinum Award for New Data Centres by the Building and Construction Authority of Singapore and the Infocomm Development Authority of Singapore.

"With work on Keppel Datahub 3 progressing well, Keppel Data Centres stands ready to deliver high quality data centre space to meet this ongoing demand," Mr Wong added.

A version of this article appeared in the print edition of The Straits Times on April 13, 2016, with the headline 'CompanyBriefs'. Subscribe