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Business Development
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The Business Development Division oversees several new businesses through three subsidiaries
of Tuas Power. TPGS Green Energy develops trigeneration and cogeneration plants; NewEarth
Singapore undertakes the environmental business; and Tuas Power Utilities Pte Ltd
(TPU) provides multi-utilities and asset management services.
Trigeneration
In FY06/07, TPGS Green Energy Pte Ltd secured trigeneration development projects for two large
pharmaceutical companies, Pfizer Asia Pacific Pte Ltd and Schering-Plough Ltd. FY07/08
witnessed the commercial operation of the 5MW trigeneration plant, the first such large-scale
trigeneration facility in Singapore, which TPGS Green Energy has developed for customer
Pfizer Asia Pacific. The plant was handed over in November 2007. The 9MW trigeneration
facility that the company is currently building for Schering-Plough will be handed over to the
client in October 2008.
TPGS Green Energy also captured another slice of the cogeneration market, securing a new
project in January 2008. Co-funded at a cost of S$20 million by TPGS Green Energy and Ishihara
Sangyo Kaisha, the 10MW cogeneration plant at Tuas is expected to be operational by mid-2009.
This project brings total investments by TPGS Green Energy to S$35 million. The cogeneration
and trigeneration market will continue to grow, as TPGS Green Energy sees strong interest from
various industries.
Multi-utilities business
Tuas Power Utilities (TPU) continued to seek growth in the multi-utilities business in Tuas
area and beyond. Besides investment-based opportunities, TPU has begun to provide asset
management services for distributed generation plants, such as the trigeneration plant for
Pfizer Asia Pacific. Such value-added services leverage on Tuas Power’s operational and
maintenance capabilities and assure customers of a reliable and experienced team to manage
their trigeneration plants.
Environment business
Tuas Power made its foray into the environment business with the acquisition of a majority stake
in NewEarth Pte Ltd from Water and Environmental Technologies Pte Ltd, whose shareholders
include mainboard-listed Beng Kuang Marine Ltd. With the help of strategic shareholders like the
Maritime Port Authority and Surbana International Consultants Pte Ltd, the company is planning
to construct its first waste-to-resource recycling plant capable of converting industrial wastes into
construction materials.
Energy systems development
Tuas Power once again demonstrated its strong commitment to environment sustainability by
collaborating with the National Parks Board to develop a combined power and cooling (CPC)
system to study the effects of air-conditioned space cooling and humidity control for the
prototype glasshouse off Pasir Panjang Road. The sponsorship, worth S$500,000, includes
two 30kWe microturbines, and a 20RT absorption chiller, which employs energy-saving technology.
The study will determine the efficiency of the CPC system using renewable diesel (provided by Neste
Oil of Finland). If successful, the system will be further developed for commercial applications.
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