OCTOBER 2006 eppel www.kepcorp.com/ekeppelite Keppel Group Newsletter Keppelite Marina Bay Financial Centre premieres 8 Growing beyond today’s challenges 29 Reel life at Keppel 34 SpecialSpecial Focus:Focus: LandmarkLandmark contractscontracts inin QatarQatar MICA(P) NO. 045/11/2006 Keppelite I October 2006 8 37 15 Contents BUSINESS TEAM Keppel constructs Singapore’s newest WTE plant 4 Growing beyond the challenges of today 29 Riding the conversion and newbuilding waves 6 Reel life at Keppel 34 Keppel issues structured notes 7 Nurturing talent, driving growth 36 MBFC premieres 8 PEOPLE K for Keppel 38 Top honours for transparency 12 Teeing off to a good start Keppel Land unlocks value A jolly good Fellow 39 SPC expands presence in Guangdong 13 KSES achieves safety milestone Drilling developments Pillars of support 40 Naming Keppel Norway 14 Keppelites Abroad Another on-time KFELS Super B delivery 15 Staying Kool in the desert 41 Keppel Kazakhstan launches first barge 16 COMMUNITY In fair weather or foul 42 P-51 takes shape 18 Stamping the dengue 43 What is crude oil? 20 Sharing with the community 44 Keppel T&T powers up with iCELL 21 Reaching for the best 45 Committed to corporate best practices Friend of the Arts 46 Showcasing the best 22 Keppel Volunteers A Royal success 23 Tribute to teachers at Chao Yang 47 Special Focus BACK PAGE Keppel seals landmark contracts in Qatar 24 S$1.7 billion solid waste management contracts 48 in Qatar Growing the infrastructure business 26 eppel Published for people in the Keppel Group by the Group Corporate Communications Division, Keppel Corporation Limited, 1 HarbourFront Ave, #18-01 Keppel Bay Tower, Singapore 098632. Printed by Image Printers Pte Ltd, Blk 1002, Redhill Industrial Estate, Jalan Bukit Merah, #03-12, Singapore 159456. Editorial Advisor Wang Look Fung Editor Teo Chang Ching Editorial Committee Andrea Lee, Andrew Ong, Ang Lai Lee, Clara Ko, Diana Chan, Fatima Lay, Felicia Lee, Grace Chia, Hong Tin Wei, Ivana Chua, Kelvin Ng, Lai Siang Chin, Lee Yin Chiin, Low Hooi Hoon, Mohd Nor Nordin, Nicole Ma, Nicole Tan, Pamela Almeda, Phang Weng Onn, Quek Mong Song, Romell Song, Roy Tan, Sarah Seah, Serena Toh, Teri Liew, Woon Pek Yong Keppelite I October 2006 CO REG NO: 196800351N Editorial Just a job? It is easier to quit a job than it is to change a Another had been with the group for over 10 years, career. This hardly qualifies as a truism of course, but has already spent a quarter of it in the Middle but is so obvious if you look at the recruitment East, jointly and successfully managing a team of section in the Straits Times on Saturdays. over 700 co-workers on a multi-million-dollar project. Black text runs endlessly across the pages, waxing lyrical and promising job satisfaction. But the Yet another has had the benefit of working in at eloquence ends on the subject of career. least three different businesses in an illustrious career spanning more than 25 years – and is still Truth be told, each advertiser cannot possibly offer being challenged to go beyond. a career. Simply because your career is what you make of it. Somewhere along the way, they made a conscious decision to grow beyond their basic job Playwright George Bernard Shaw puts it well, “The descriptions. people who get on in this world are the people who get up and look for the circumstances they While Keppelites number over 29,000 across 30 want, and, if they can’t find them, make them.” countries across the globe, there is this strong sense of family. The passion especially among the senior At a recent Group orientation where new management, as one Keppelite observed, is colleagues were challenged to seek a career that contagious, and across the Group, opportunities can satisfy both professionally and personally, the to grow abound. sharing of several seasoned Keppelites both on and off stage were enlightening and encouraging in So what can one make out of a job at Keppel? By the highlights of their journeys and the many uphill not making it out to be a job for starters and treks. pushing beyond our perceived boundaries. “In situations where I was knee deep in water, I Career satisfaction has to start by quitting a job; knew I could count on the seasoned veterans to or at least the mentality that this is only a job. steer me out and believe with me that it could be done,” shared one of them. Keppelite I October 2006 4 Business Keppel constructs Singapore’s newest WTE plant Keppel Seghers Engineering Singapore (Keppel Seghers), the environmental division of Keppel Integrated Engineering (KIE), has commenced the construction of Singapore’s newest waste-to-energy (WTE) plant at Tuas South. This is Singapore’s first incineration plant to be built under the Public-Private Partnership (PPP) initiative. Officiating the groundbreaking ceremony on 5 October 2006 for Keppel Seghers Tuas Waste- to-Energy Plant was Dr Yaacob Ibrahim, Minister for the Environment and Mr Goh Chin Aik (extreme right), Project Director of Keppel Seghers Tuas Waste-to-Energy Plant, giving a brief to Minister Yaacob Ibrahim Water Resources. (second from right) on Singapore’s newest waste-to-energy plant. Looking on are Mr Lim Chee Onn (third from right), Executive Chairman of Keppel Corporation, and His Excellency Marc Calcoen (fourth from right), Belgium’s Ambassador to Singapore The groundbreaking marks the next milestone since in Singapore to showcase Resources and NEA in the well established in China and Keppel Seghers was awarded waste-to-energy technology quest to encourage the Europe where the Company the 25-year Design-Build- from a local company. The reuse, recycle, recover and is actively pursuing prospects Own-Operate (DBOO) plant was designed by reduction of waste in in both markets. contract by the National Keppel Seghers engineers Singapore. Environment Agency (NEA) incorporating our in-house In China, Keppel Seghers is early this year. The project is technology such as the air- “The comprehensive the undisputed market on schedule to be completed cooled tumbling grates, expertise of NEA in solid leader for imported waste- in 2009. The completed boiler, rotary atomizer, and waste management and to-energy equipment. plant will be able to treat 800 flue gas treatment system. Keppel in providing solid Currently, Keppel Seghers is tonnes of solid waste a day waste facilities are domains also undertaking waste-to- to generate more than “Beyond this project, Keppel which Singapore entities are energy projects in Changshu, 20MW of green energy, supports NEA’s vision to build particularly well-placed to Shenzhen, Tianjin, Jiangyin contributing to Singapore’s a sustainable clean and excel and export to the rest and Guangzhou. electricity supply. healthy environment for all of the world.” Singaporeans. We are Between July and September Said Mr Lim Chee Onn, committed to being a EXPANDING GLOBAL alone, Keppel Seghers Executive Chairman of significant and long-term FOOTPRINT announced S$56.8 million Keppel Corporation, “Keppel partner to the Ministry of Keppel Seghers’ waste-to- worth of waste-to-energy Seghers Tuas is the first plant Environment and Water energy technology is already contracts in Finland, as well Keppelite I October 2006 Business 5 as Tianjin and Changzhou Mr Chua Chee Wui, CEO of 1050 tons of waste per day GROWING IN ITALY in China. KIE, says “This repeat order to generate 24 MW of green THROUGH STRATEGIC from China Everbright is a energy, was successfully PARTNERSHIP The Middle East is the newest vote of confidence from our commissioned and delivered Keppel Seghers has signed a market that Keppel Seghers valued customer and affirms last month. strategic cooperation has broken into with the the strength and reliability of agreement with Passavant award of a S$1.7 billion solid Keppel Seghers’ proprietary In March 2006, China Impianti to address the waste management project technologies. Everbright awarded a sludge treatment market in contract in Qatar. See story S$13 million contract to Italy. on back page. “As a leading provider of Keppel Seghers to provide comprehensive technologies and services for Mr Ivan Christiaens, Global FIRST WTE PLANT IN environmental solutions with the first WTE plant to be Head for Sales and CHANGZHOU a global footprint in more built in the city of Jiangyin, Marketing of Keppel Seghers Keppel Seghers has secured than 25 countries, China Jiangsu province, China. says, “The municipal markets a S$13.3 million contract to remains a key market for When completed in end for water and sludge provide technologies and Keppel Seghers. We are keen 2007, the WTE plant will be treatment in Italy show a lot services for the first WTE to strengthen our position as able to treat 800 tonnes of of growth potential over the plant to be built in the city the market leader for municipal waste a day. coming five to ten years as of Changzhou, Jiangsu imported waste-to-energy Italy steps up its efforts to province, China. solutions in China where we As the demand for WTE protect its environment. This have 60% of the market by incineration services grows in partnership paves the way Keppel Seghers will provide bringing our suite of services China due to the burgeoning for Keppel Seghers to its state-of-the-art to more cities in this population and heightened offer our state-of-the-art equipment design and country.” awareness of the need to HARDPELLETIZER and technical services for the protect the environment for ZEROFUEL sludge treatment grate, atomizer, automation Keppel Seghers and China sustained economic growth, technologies to the Italian control and flue gas cleaning Everbright first collaborated Keppel Seghers is well municipal markets.