JULY 2008 eppel www.kepcorp.com/ekeppelite Keppel Group Newsletter Keppelite New division for Keppel 5 Investing in the Middle East 12 The Odyssey 24 SpecialSpecial Focus:Focus: KeppelKeppel showcasesshowcases sustainabilitysustainability solutionssolutions MICA(P) NO. 047/11/2007 Keppelite I July 2008 4 16 36 Contents BUSINESS TEAM Sino-Singapore Eco-City JV 4 The Odyssey of Passion 24 New Sustainable Development & Living division 5 Masters of the seas 30 Keppel to build eco-friendly vessel 6 PEOPLE Diving for a good cause 32 First of six ENSCO semis named 7 Values above par 33 Executive Chairman conferred honour by SIAS 8 Keppelites Abroad Among Netherlands’ best No uphill task for mind-Bender 37 Alpha raises $1.6b for new fund 9 COMMUNITY Celebrating 40 years of excellence 34 Tracking safety milestones 10 Turning over a new leaf An immaculate completion 11 Green Initiatives Investing in the Middle East 12 Grin to green 35 Accolades for investor relations 14 One love, one life 36 Embracing the environment Literary investments Ringing to sunnier times 15 Inspiring young minds 38 The Admiral arrives 16 Making green a lifestyle Energetic batch 18 Keppel Volunteers Going green for earth… 39 Show of responsibility BACK PAGE Special Focus Keppel to build Scorpion’s first semi 40 Solutions for sustainable development 19 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 Ang Lai Lee Editorial Committee Andrew Ong, Catherine Tan, Chen Xi, Cheryl Tang, Chua Ying Ying, Chua Yong Hwee, Diana Chan, Donald Sng, Eva Ho, Geraldine Lai, Grace Chia, Ho Ghim Khoon, Ivana Chua, Irene Lee, Jacquelyn Wong, Jeanette Pang, Joey Ho, Lee Yin Chiin, Lynette Goh, Mak Chui Ling, Marianne Goh, Mohd Nor Nordin, Phang Weng Onn, Rebecca Ng, Roy Tan, Sarah Seah, Serena Toh, Siddiqua Ovais, Teri Liew, Woon Pek Yong Keppelite I July 2008 CO REG NO: 196800351N Editorial Group solution for eco-future Energy, Water, and Cities – one or efficient means. Keppel’s established proprietary combination of the three invariably make today’s rig designs enable them to drill deeper, produce global headlines. The intricate nexus of all three faster and minimise wastage. have yielded some of the most pressing concerns of our times. Striving towards sustainable water technology solutions, Keppel’s environmental arm offers water How does Keppel engage these challenges and solutions that lead in the industrial, municipal and contribute to the solution for a sustainable future? purification water market. It is not by coincidence that the greatest civilisations Keppel’s property division has a proven track record and formation of cities have historically flourished of large-scale lifestyle developments built with along rivers and major waterways. Access to safe sustainability and livability as guiding principles. water was and continues to reign as a major factor in societal development and urbanisation. And leveraging these core competencies is Keppel’s new Sustainable Development & Living Business It is not by coincidence either, that Keppel Group’s Division, which will lead the growth of the Group’s key divisions in the environmental and property businesses in sustainable developments, including businesses showcased their complementary eco-cities (see page 4). It will offer a platform of strengths at the inaugural Singapore International further growth across all the three key businesses Water Week, which was co-located with the World in Offshore & Marine, Property and Infrastructure. Cities Summit (see Special Focus). Leading businesses all over the world are rallying Running in parallel with the key agenda of water to assemble the best technologies and solutions solutions and livable cities for the future, the Keppel to realise the potential of enhancing livability in showcase demonstrated our unique position to cities as well as to optimise water and energy leverage synergistic competencies within the resources. Group, to address global concerns and capture new opportunities by harnessing our collective Through its international network, expertise and knowledge and expertise. know-how, Keppel stands in good stead to deliver more. Not only are we in the right space, we also In Asia, where population is expected to breach choose to grow them by making significant 5 billion by 2050 with the majority living in cities, investments in R&D, innovative technologies and further stress on water and energy resources are human capital development. expected. Behind this lurks the concomitant growing demand for quality and sustainable live- It fills me with pride to be part of a company that work-and-play environments. constantly remains relevant to the times, stands at the forefront with leading-edge solutions At Keppel, our three strategic business platforms anticipating global market needs and most have been built over decades by visionary leaders importantly, is one that contributes to better lives focused on the future. and sustaining the future. With unabated demand for oil accentuated by the lack of alternative energy sources, oil companies are spending more on exploration and production, especially through sustainable and resource- Keppelite I July 2008 4 Business Sino-Singapore Eco-City JV Sealing the joint venture agreement for the Sino-Singapore Tianjin Eco-City Investment and Development Company are (from left) Mr Teo Soon Hoe, Senior Executive Director & Group Finance Director, Keppel Corporation and Mr Meng Qun, CEO of Tianjin TEDA Investment Holding Company Singapore Tianjin Eco-City STEC and TECID. STEC will transferred in phases by end The Eco-City is a landmark Investment Holdings Pte. Ltd. contribute cash while TECID 2018. The price for the project in the bilateral (STEC), a wholly-owned will transfer land to the joint transfer of land to the joint cooperation between subsidiary of Keppel venture company as its venture company has been Singapore and China. On Corporation Limited, has contribution in-kind. agreed and applies for the 18 November 2007, signed an agreement with entire duration of the Eco- Singapore Prime Minister Lee Tianjin Eco-City Investment A start-up area of City Project. Hsien Loong and Chinese and Development Co., Ltd approximately three sq km Premier Wen Jiabao signed a (TECID) to form a joint will be transferred by When completed, the Eco- framework agreement venture company, Sino- TECID to the joint venture City will occupy a total land to cooperate in the Singapore Tianjin Eco-City company to kick-start the area of 30 sq km, and be development of an Eco-City Investment and Development development of the Eco-City. home to 350,000 residents. in Tianjin. Co., Ltd (SSTECID) on 1 July The first phase is expected to 2008. be ready in under five years, The lead entity in the The Eco-City is envisioned house up to 85,000 people, Singapore consortium to be socially harmonious, SSTECID will act as master and include facilities like company, STEC, Keppel is environmentally friendly and developer for the Eco-City schools and a hospital. also in the process of seeking resource-efficient that will and has an initial registered international institutional serve as a practical model of capital of RMB 4 billion to The remaining land area investors. sustainable development. be equally contributed by for the Eco-City will be keppelite Keppelite I July 2008 Business 5 New division to grow Group’s sustainable development platform Leveraging Keppel Group’s to build the world’s biggest core competences and solar panel manufacturing growth platforms , a new complex in Singapore. Sustainable Development & Living Business Division Mr Ko has held a number of will lead the growth of other key appointments in the Group’s businesses in the public sector including sustainable developments, Head of a Computerisation including eco-cities. Department in the Ministry of Defence, CE of the former Mr Lim Chee Onn, National Computer Board, Executive Chairman, Keppel EDB’s Deputy MD Corporation said, “Sustainable (International) based in development and living, New York City, and CEO of including eco-cities, is a the JTC Corporation. He promising growth area was awarded the Public given the worldwide trends Administration Medal of rapid urbanisation and (Gold) by the Singapore mounting concerns on Government in 2000. climate change and environment. Mr Ko had also held leadership positions in the “The resultant global Mr Ko will helm Keppel’s new Sustainable Development & Living Division which will leverage corporate sector including thrust into sustainable the Group’s core competencies being Chairman of Pacific development, environment Internet Ltd, a NASDAQ- enhancement, renewable Mr Ko will be stepping down “Having led EDB’s global listed regional internet energy development, as MD of the Economic investment marketing company, where he led in improving energy efficiency, Development Board (EDB). operations and diversified turning the company and eco-friendly living will industry development, profitable following the be enduring and provides Mr Lim said, “Kheng Hwa Kheng Hwa will certainly dotcom crash and industry growing business brings to Keppel his extensive bring his network and downturn. opportunities for Keppel. experience in diverse expertise to grow this Keppel sees strong potential industries, including clean business in Keppel.” Currently, Mr Ko serves on in this business.” technology, industrial real the boards of the Agency estate and infrastructure Last year, as ED of the for Science, Technology Helming the new Sustainable development as well as in government’s multi-agency and Research (A*STAR) and Development & Living commercial operations, Clean Energy Programme the Standards, Productivity Business Division will be global investment marketing, Office, Mr Ko led the team and Innovation (SPRING Mr Ko Kheng Hwa, industry development and that secured the S$6.3 billion Singapore).