Keppel Seghers Hong Kong Limited and Zhen Hua Engineering Co. Ltd. (Zhen Hua), the wholly owned subsidiaries of Keppel Infrastructure Holdings Pte Ltd (Keppel Infrastructure) and China Harbour Engineering Company Limited respectively, have signed the HKD 31 billion (3.3 billion EUR) contract with the Environmental Protection Department (EPD) of the Government of the Hong Kong Special Administrative Region to design, build and operate Hong Kong’s first Integrated Waste Management Facility (IWMF) off the coast of Shek Kwu Chau and south of Lantau Island, Hong Kong. As Keppel had announced on 1 December 2017, the contract for the IWMF was awarded via a competitive international tender called by the EPD.
The agreement was signed by Dr Chui Ho Kwong, Assistant Director (Nature Conservation [&] Infrastructure Planning, EPD, Mr Jackson Goh, Director of Keppel Seghers Hong Kong Limited and Mr Su Yan Song, Managing Director of Zhen Hua. The signing ceremony was also witnessed by Mr Yu Wang Pong, Principal Environmental Protection Officer (Strategic Facilities Development [&] Planning), EPD, Dr Ong Tiong Guan, CEO of Keppel Infrastructure and Mr Tang Qiaoliang, President, China Harbour Engineering Company Limited.
Keppel Infrastructure is a wholly-owned subsidiary of Keppel Corporation Limited. The above contract is not expected to have any significant impact on the earnings per share and net tangible asset per share of Keppel Corporation Limited for the current financial year.