Search [20190110] Tamil Murasu - Charging Points for Electric Vehicleshttps://www.spgroup.com.sg/dam/jcr:13083dd3-5d8f-4798-b008-aff32ef063a1 ������� ���� ����� ������ �������� ���� ��� ��� �� ����� ���� ���� ������� ������, ���� ��� ���� ����� ���� �� (���) ��� ���� ���� ����. �� ������ ��� ��� ������ ���� 38 ����� ������ �� ������������. �����, 43 ���� ����� �� ����� ������ 19. ���� 50 ���� ��� �� �� ����� ������. ��� ����� ������ ��������� ���� ������������ ����� �� ������� ���� ������ ����� ����. ���� ������ ��� ����� ���������� 1,000 ����� ������� ���� ���������� 38 ������ �������� �������� ������. ��� ������ ���� ����� ��� ����. ���� ����� ���� ���� �� �� ������� ������ ��� ����. ���� ����� ����� ��������� ���� �� ��� ��� �� ��� ������. ��� ����� ������ ����� ����� ����� �� ����� ��������� ��� ������� ����� ������� ����. ���� ����������� ���� ��� ����� ������ ���. ������ ���� ���� ����� ������ ��� ���� ����� ��� ��� ���� ����. ��� ���� ������ ������� �������� ��� ���� ����� �������� ���� ���. �� ����� ���� �� ����� 45 ��� 60 ������ ����� ����, �� ����� ������ ���� ��� 30 ������ ����� ���� �� ���� ��. ���� �� ������ 350 ���� ����� �� Source: Tamil Murasu © Singapore Press Holdings Limited. Permission required for reproduction. ��� ������ ����� ����� ���������� �� �������. �������� ���� ���� 15 ���� ����� �� ������. �� ��� �� ������ ��� 41.4 ��, �� �� ������� 47.3 �� ��� ������ ����� �����. ����� ���������� ���, ���� ��� ��� ��� ������ �������, ���� ���� 50% �� ���� ���� ��� ��� ������. ���� ���� ����� ����� ��������� ��� ����� ������ ��� �� �� ����� ������ ��� �������. ��� �� ��� ������ ���� �� ���� ����� 20� ��� ����� ������� ��� ��� �������. Schneider Electric Partners SP to Fully Electrify Service Vehicleshttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Schneider-Electric-Partners-SP-To-Fully-Electrify-Service-Vehicles Media Release Schneider Electric Partners SP to Fully Electrify Service Vehicles Schneider Electric is the first corporate partner outside of the public transport sector to use SP Group’s nationwide EV charging network Singapore, 2 January 2020 – Schneider Electric (SE) and SP Group (SP) today announced a partnership to fully electrify SE’s service fleet in Singapore. The agreement enables SE’s service vehicles to access SP’s nationwide network of electric vehicle (EV) charging points. SP will fully support SE’s charging needs for at least the next two years. SE has a total service fleet size of 25. Its intent is to convert 10 of its vehicles into EVs by June 2020 and fully electrify its fleet by 2021. This decision was made possible with the partnership with SP. Damien Dhellemmes, Country President of Schneider Electric Singapore elaborates: “Going green is a deliberate decision. After greening our regional headquarters in Singapore, our next step is to electrify our fleet. This is only possible if we have an accessible and wide enough charging network so that our service vehicles can be green and still serve our customers efficiently. SP’s nationwide network gives us the impetus to make this decision.” SP had earlier signed partnerships with Grab and HDT Singapore Taxi (HDT) to support the charging needs of their EV fleets. SE is the first corporate partner outside of the public transport sector to be using SP’s nationwide EV charging network. This represents a growing trend of companies in Singapore electrifying their internal fleets to achieve environmental sustainability and cost savings. SP currently operates Singapore’s largest and fastest public EV charging network with more than 200 charging points across the island. It is targeting 1,000 EV charging points by end of 2020, of which 250 will be high-speed DC (direct current) chargers that can deliver a full charge in 30 minutes. Goh Chee Kiong, Head of Strategic Development, SP Group, said: “SP has built up deep capabilities in electric vehicle charging and usage over the years which we have harnessed for our nationwide public EV charging network. We are pleased to have Schneider Electric as our first corporate partner outside of the public transport sector and are confident this will provide a model for many other corporates to electrify their own fleet vehicles. SP’s pervasive EV charging network across Singapore will fully support their charging needs, providing drivers convenience and peace of mind.” About Schneider Electric At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values. About SP Group SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. About 1.6 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services.  These networks are amongst the most reliable and cost-effective world-wide. SP Group also provides digital solutions to empower customers to manage their utilities, reduce consumption and save cost. For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG and on Twitter @SPGroupSG. SP Group Partners Hyundai Motor Group to Accelerate Adoption of Electric Vehicles in Singaporehttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-Partners-Hyundai-Motor-Group-to-Accelerate-Adoption-of-Electric-Vehicles-in-Singapore News Release SP Group Partners Hyundai Motor Group to Accelerate Adoption of Electric Vehicles in Singapore First Battery-as-a-Service concept in Southeast Asia Singapore & Seoul, 12 November 2020 – SP Group (SP) and Hyundai Motor Group (Hyundai) today announced that they have signed a Business Cooperation Agreement (BCA) to accelerate the adoption of electric vehicles (EV) in Singapore. SP, which operates Singapore’s largest high-speed charging network, will partner with Hyundai to jointly develop a new business model for battery leasing, or Battery-as-a-Service (BaaS) – a first in Southeast Asia – where EV users lease the car battery instead of owning it. Stanley Huang, Group Chief Executive Officer, SP Group, said: “SP has the largest fast EV charging network in Singapore and we are progressively expanding it to establish a highly pervasive and reliable network in order to encourage EV adoption. Through this partnership with Hyundai, we are making low-carbon mobility solutions more accessible to vehicle owners. EVs are a key pillar in SP’s strategy to introduce more low-carbon, smart energy solutions to help achieve Singapore’s sustainability goals.” “For the success of innovation activities through the Hyundai Motor Group's Singapore Global Innovation Center (HMGICS), cooperation with competent local partners like SP Group is important,” said Hongbum Jung, Senior Vice President of Hyundai Motor Group. “We will strengthen cooperation with various local partners starting with this cooperation.” In October 2020, Hyundai announced the establishment of an open innovation base through a groundbreaking ceremony for the HMGICS. Hyundai will step up efforts to expand the supply of electric vehicles in Singapore in cooperation with SP, which is expanding its network of charging infrastructure. Meanwhile, Hyundai is working closely with local universities, startups, and research institutes to build an innovative ecosystem in Singapore, including Nanyang Technological University for industry-academic cooperation in smart city and future new business areas, and PSA Cargo Solutions for the establishment of automatic logistics services. -Ends- About SP Group SP Group is a leading utilities group in the Asia Pacific, enabling a low-carbon, smart energy future for its customers. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and sustainable energy solutions in Singapore and China. As Singapore’s national grid operator, about 1.6 million industrial, commercial and residential customers benefit from its world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. Beyond traditional utilities services, SP Group provides a suite of sustainable energy solutions such as cooling and heating systems for business districts and residential townships, electric vehicle fast charging and green digital energy management tools for customers in Singapore and the region. For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG, on LinkedIn at spgrp.sg/linkedin and on Twitter @SPGroupSG. About Hyundai Motor Group Hyundai Motor Group is a global corporation that has created a value chain based on automobiles, steel, and construction and includes logistics, finance, IT and service. With about 250,000 employees worldwide, the Group’s automobile brands include Hyundai Motor Co. and Kia Motors Corp and Genesis. Armed with creative thinking, cooperative communication and the will to take on all challenges, we are working to create a better future for all. More information about Hyundai Motor Group, please see: www.hyundaimotorgroup.com Disclaimer: Hyundai Motor Company believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader. [20170627] The Business Times - Electric vehicles drive change in grid operators and oil firmshttps://www.spgroup.com.sg/dam/jcr:4b74afb6-528d-4b14-932a-95f0189f8214 ally on hydrogen, biofuels, solar and ment production will continue to depend on hydrocarbons, he added. wind. The division has since expanded “You cannot make steel with electricity, or fly a plane or send a big con- to more than 200 staff, and hopes to invest about US$1 billion a year by tainer ship across the ocean on electricity. There isn't the energy density 2020; group CEO Ben van Beurden has said the business is expected to available.” 4 | TOPSTORIES The solar panels, but also take it into the distribution system and sell it to industrial and residential customers. “I think we will want to become value chain players. Whether we will invest equally in all parts of the value chain, I think it's too early to say,” he The third is its global presence. “The interesting bit about the new energies business is there are no global players in it; the people in this business tend to be local or sometimes regional, but certainly nobody global,” said Mr Wetselaar. for oil and gas to continue to receive investments as these will be “absolutely needed” to keep the world running for a long time. Furthermore, Shell is good and profitable in this business, he said. A lot of investments will also be Electric vehicles drive change in grid operators and oil firms CLEAN ENERGY the end of the decade is also just a starting point, he added. “We intend to make this a big business for Shell that over time can stand on its own feet, just like the oil business does, the downstream business does and the gas business does.” Business Times | Tuesday, June 27, 2017 Plausible energy mix in a net-zero emissions world By Andrea Soh ing for the day when there are so He cited as example: “Maybe work UK, last year launched a trial from Half the of perspective energy supply of balance...If will come gies through unit, is electricity, currently conducting research to explore the possibility of de- sandrea@sph.com.sg many electric vehicles the stability of someone with a life support system with Nissan allowing drivers to sell you lower (the threshold), it enables @AndreaSohBT up from current one fifth the grid could be affected. at home cannot afford not to have electricity stored in their electric car market operations. If you put it too veloping differentiated technologies Singapore “Today there are 600,000 cars in that power as opposed to you being batteries back to the grid during peak high, you are impeding 2015 market operations,” said Mr Wong. “Our motivation It has no ambitions in manufactur- in batteries. Net-zero emissions world Shell aims Singapore. to If all of them ride become electric vehicles, and they all start char- In such a situation, someone will UK think-tank Green Alliance es- is that the consumer must win ing batteries, but is 8% interested in learn- able to branding, charge the car.” hours. WANT to make a quick buck with your electric vehicle? In five to ten ging in Jurong, at some level Jurong have to segment power needs according to their criticality, and make a call closely-located vehicles charging sim- security.” charge batteries”, he said. “Because at timates that it could take as few as six without compromising reliability and ing “how can we Nuclear best and in a fast way years, you might just be able to do won’t be able to handle it. The rest of global that, by selling electricity from clout the the system will be in destabilised,” clean said on the allocation energy of power supply, he ultaneously race during periods of high For oil major 28% Shell, the future of the end of the day our business is delivering energy to customers and that 15% car battery to grid operator SP Group SP Group CEO Wong Kim Yin in an interview with The Business Times. This is why SP Group will need the Oil The delivery is our main business”. said. power demand for there to be possible shortages. Network operators keeping a close tab on. the transport Coal sector is one 31% 30% that it is Bioenergy Solar when power supply in Singapore runs It wants to be leader in the business and establish itself And among hydrocarbons, natural low. there said. are “It also depends reportedly a bit on planning the market to Anglo-Dutch group said earlier this The 9% group is also placing some of Emphasising that the group is not ability gas is by to far intervene the cleanest. in the “Natural market, gas install design technology because not that all allows countries cars have across That charging full value station chain you pull of into renewables, against the alternative to adoption of energies year that it is introducing battery charging points at some petrol stations in “I think it’s likely that the world will its bets on hydrogen-fuelled vehicles. electric such has an as important by notifying role to car play owners in meeting electricity an app demand that they while are not we decar- able be deregulated charged only power when markets. the network So you 11% Coal to do that may also very well be run vehicles, Mr Wong said SP Group will through can have cope, to when understand, electric geography vehicles be-bcome geography, more prevalent. what the opportunities France’s Total is studying Gas the viabdrogen Oilfor powering light Bioenergy 12% Britain and the Netherlands. 21% end up using 7% both batteries Wind and hy- By by Royal Andrea Dutch SohShell, a name more familiar today for its petrol stations. as become far as possible a significant allow growth the market priority to to bonise charge, the and energy to offer production to buy electricity grow at a it, much and a higher very important price instead, role or to are.” 10% and sandrea@sph.com.sg 9% run beyond as it 2020. is, unless The a unit certain is part threshold of a bigger breached. story of how the energy system to play control in delivering the charging the energy stations. that can- believes The it business will have of to manufacturing When such a time comes, SP Group ility of such a move, while Italy’s Eni vehicles...We’re Gasnot betting on a @AndreaSohBT As electric vehicles grow in popularity, it is not only carmakers Singapore and has At to that change point from – which where Mr it is Wong today not Grid be electrified.” operators all across the world threshold solar panels that – strikes which Shell the right had previ- balmestic Nuclear and central European stations. at all of them,” said Mr Wetselaar. is Other establish a already has 5% such facilities at some do- single outcome – we want to be good ROYAL transport Dutch groups Shell that aims are to be affected. a leader reckoned to where it could needs come to be in future, five to said 10 are finding In the one that year they since have its to formation, rapidly ance ously between dabbled allowing – is market however operations area to that run, the so company as to maximise will not value enter. ber Maarten WindWetselaar Solar Other told BT in a re- becomes AND STORAGE more prevalent will depend one FOSSIL Shell 0.5% executive 0.5% committee 3% mem- WITH Ultimately, CARBON CAPTURE whichever technology in Among clean energy those who and sees find an themselves opportunity having using to adapt its global their presence businesses and are estervene, As the possibly world’s by population not allowing contin- elec- cope It with has, unexpected firstly, been surges working de- to for the “Whether consumer, it comes against to the solar need panels to cent interview: “I could certainly see a on customers’ choice and regulators’ years Mr Wetselaar. – the group will then need to in- change the New their Energies businesses unit has in been order busy. to tablished electricity brand grid operators scale and up the oil companies. business quickly as and critical pand. Meanwhile, users can the access current the power energy vehicles technology proliferate. and the markets The National in the sec- grid. cing those is probably best in the become over major the course chargers of this century of cars.” whatever the customer wants, he ad- new tric ues vehicles to grow, to energy charge demand so that will more exmand deepen for its understanding electricity as of electric both the ensure or batteries reliability or other and security things, in produ- the business Note: For over a world time with where widespread we could prosperity, decision, the energy system and will Shell double will offer energies when. In Singapore, SP Group is prepar- supply. system also needs to be overhauled Grid, tor. “Before which operates we decide the where power to net- play, hands “We think of low-cost of the producing future stability companies and countries. The group, through its New Enerded. Source: Shell The second largest-publicly to reduce its carbon footprint. which part of the business and which traded oil company the world also “So the real challenge is to grow geographies, you need to deepen “So we're more system integrators “With the presence we have across needed on the new energies front, Source: plans on establishing The Business itself across Times the © the Singapore energy supply Press and at Holdings the same Limited. your understanding,” Permission said Mr required Wetselaar. transform Most law firms likely to renew leases and take capacity in the transmission where for reproduction. we would invest in a wind farm full SP value Group chain of renewables poised and alternative energies as it has done for cleaner...In order to get there, our It has also won a bid to build an off- system. And then delivering the all major economies, with the relation- size of the new energies business is time to reorganise it to become a lot the world in so many countries and in but “I’m not yet convinced that the energy to customers, and building a ships we have with governments, best measured by the capital emcore hypothesis is that we will need shore windfarm in Netherlands, and di- [20190110] Berita Harian - SP Group Launches 38 Charging Points for Electric Vehicleshttps://www.spgroup.com.sg/dam/jcr:f278505f-b7f6-4258-8ebc-776e2a445a3c Berita Harian | Khamis, 10 Januari 2019 Berita SP Group lancar 38 tempat pengecas kenderaan elektrik MENGECAS KENDERAAN ELEKTRIK: Syarikat pembekal tenaga SP Group telah melancarkan kumpulan pertama tempat mengecas kenderaan elektrik. – Foto SPH SYARIKAT pembekal tenaga SP Group telah melancarkan kumpulan pertama tempat mengecas kenderaan elektrik. Langkah itu bertepatan dengan langkah syarikat pengangkutan sewa swasta, Grab, memanfaatkan kemudahan tersebut untuk mengecas kereta-kereta elektriknya. Kesemua 38 tempat pengecasan – 19 alat pengecas yang mempunyai arus berubah arah (AC) sebanyak 43 kilowatt dan 19 alat pengecas 50 kilowatt langsung (DC) – merupakan pengecas berkelajuan tinggi yang mampu menambah kuasa pada kereta elektrik bersaiz sederhana dalam masa sejam, berbanding enam hingga lapan jam menggunakan pengecas dalam rumah. Dalam kenyataannya, SP berkata tempat pengecasan itu terletak di lapan lokasi serata Singapura, berhampiran dengan pusat makanan, agar pemandu boleh berehat ketika kereta mereka sedang dicas. Tempat pengecasan tersebut adalah yang pertama daripada 1,000 tempat pengecasan yang SP ingin lancarkan menjelang 2020. Pengguna boleh mencari dan mengakses tempat mengecas yang disediakan melalui aplikasi SP. Ia boleh dimuat turun di iTunes App Store dan Google Play. Aplikasi tersebut turut mempunyai fungsi yang memaklumkan pengguna apabila pengecasan selesai. Ia juga membolehkan pengguna membuat pembayaran menerusi kad DBS dan POSB. Kad dari semua bank utama akan disertakan tidak lama lagi, kata SP. Sistem AC dapat mengecas kereta bersaiz sederhana dalam masa 45 hingga 60 minit, manakala pengecas DC dapat melakukannya dalam masa sekitar setengah jam. SP berkata ia merancang mahu memperkenalkan pengecas berkuasa 350 kilowatt “dalam beberapa tahun mendatang”. Pengecas tersebut dapat mengecas kereta berprestasi tinggi dalam kira-kira 15 minit. Ketika ini, pengguna perlu membayar 41.4 sen bagi setiap kilowatt jika mereka menggunakan pengecas AC dan 47.3 sen setiap kilowatt bagi pengecas DC. Mengikut kadar ini, SP berkata pemandu kereta elektrik boleh menjimat sekurang-kurangnya 50 peratus berbanding mereka yang memandu model setanding yang menggunakan petrol. Namun, akhbar The Straits Times difahamkan bahawa Grab akan memberi diskaun kepada para pemandu elektriknya. Syarikat tersebut dijangka menerima 20 kereta Hyundai Kona Electric bulan ini. Kereta ini – yang boleh memandu sejauh 400 kilometer jika dicas sehingga penuh – adalah sebahagian daripada 200 kereta yang telah dipesan Grab. Ogos lalu, syarikat pengangkutan itu telah membuat pengumuman bahawa ia bakal memperkenalkan kereta tersebut sebagai sebahagian daripada perkongsian dengan SP Group. Ketua Pegawai Eksekutif (CEO) Kumpulan SP, Encik Wong Kim Yin, berkata rangkaian pengecasan SP akan “menggalak penggunaan mobiliti hijau yang lebih meluas di Singapura, dan membolehkan pemandu untuk berjimat”. Source: Berita Harian © Singapore Press Holdings Limited. Permission required for reproduction. [20200102] Joint Media Release - Schneider Electric Partners SP To Fully Electrify Service Vehicleshttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/d043785c-3726-4511-abcd-740361a5a138/%5B20200102%5D+Joint+Media+Release+-+Schneider+Electric+Partners+SP+To+Fully+Electrify+Service+Vehicles.pdf?MOD=AJPERES&CVID= SCHNEIDER ELECTRIC PARTNERS SP GROUP TO FULLY ELECTRIFY SERVICE VEHICLES IN SINGAPORE Schneider Electric is the first corporate partner outside of the public transport sector to use SP Group’s nationwide EV charging network Singapore, 2 January 2020 – Schneider Electric (SE) and SP Group (SP) today announced a partnership to fully electrify SE’s service fleet in Singapore. The agreement enables SE’s service vehicles to access SP’s nationwide network of electric vehicle (EV) charging points. SP will fully support SE’s charging needs for at least the next two years. SE has a total service fleet size of 25. Its intent is to convert 10 of its vehicles into EVs by June 2020 and fully electrify its fleet by 2021. This decision was made possible with the partnership with SP. Damien Dhellemmes, Country President of Schneider Electric Singapore elaborates: “Going green is a deliberate decision. After greening our regional headquarters in Singapore, our next step is to electrify our fleet. This is only possible if we have an accessible and wide enough charging network so that our service vehicles can be green and still serve our customers efficiently. SP’s nationwide network gives us the impetus to make this decision.” SP had earlier signed partnerships with Grab and HDT Singapore Taxi (HDT) to support the charging needs of their EV fleets. SE is the first corporate partner outside of the public transport sector to be using SP’s nationwide EV charging network. This represents a growing trend of companies in Singapore electrifying their internal fleets to achieve environmental sustainability and cost savings. SP currently operates Singapore’s largest and fastest public EV charging network with more than 200 charging points across the island. It is targeting 1,000 EV charging points by end of 2020, of which 250 will be high-speed DC (direct current) chargers that can deliver a full charge in 30 minutes. 1 Goh Chee Kiong, Head of Strategic Development, SP Group, said: “SP has built up deep capabilities in electric vehicle charging and usage over the years which we have harnessed for our nationwide public EV charging network. We are pleased to have Schneider Electric as our first corporate partner outside of the public transport sector and are confident this will provide a model for many other corporates to electrify their own fleet vehicles. SP’s pervasive EV charging network across Singapore will fully support their charging needs, providing drivers convenience and peace of mind.” - Ends - 2 About Schneider Electric At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values. About SP Group SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. About 1.6 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. SP Group also provides digital solutions to empower customers to manage their utilities, reduce consumption and save cost. For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG and on Twitter @SPGroupSG. 3 [20180620] The Business Times - SP Group calls for tenders to build charging grid for electric vehicleshttps://www.spgroup.com.sg/dam/jcr:8b96067e-3926-464b-a17b-c407dfaa3cd2 SP Group calls for tenders to build charging grid for electric vehicles 30 charging points to be up in six months, and 500 by 2020. Charging small car to take as little as 30 minutes By Leow Ju-Len btnews@sph.com.sg Singapore DRIVE your electric vehicle (EV) to the mall and leave with a fully-charged battery in the time it takes to grab a leisurely coffee. This is one premise behind SP Group’s intention to build the largest public EV charging network in Singapore by the end of the year. On Tuesday, the nation’s power grid operator announced that it will install 30 charging points across the island within the next six months, under a larger plan to set up 500 points by 2020. These points will be installed in shopping malls, residential areas, business parks and industrial sites. All of them will be available to any EV driver. SP Group chief executive Wong Kim Yin said the move was a logical one for the utilities company to make. “As the national grid operator, we are in a natural position to look after this because our electricity network is already pervasive. Wherever you want to charge EVs, the nearest infrastructure would most likely be from us,” he said. SP Group has called for two tenders to build the network: one for the supply of charging hardware and the other, for their installation at the charging points. More than 100 of the new chargers The charging points (above) will be in public-friendly points. A car being charged (right). SP Group’s grid is expected to raise demand for EVs. BT PHOTOS: KEVIN LIM will be direct-current (DC) fast chargers that operate at 50 kilowatts (kW) – enough to fully charge a small EV in as little as 30 minutes. The rest will be alternating current (AC) chargers that operate at 22kW. These are slower than DC chargers, but still roughly three times faster than the home chargers that EV owners typically install. Mr Wong would not disclose the amount that SP Group will invest in the network. A source from Komoco Motors, which imports the Hyundai Ioniq Electric here, told The Business Times that a single fast DC charger can cost as much as S$65,000 with installation. In contrast, a slower AC charger retails for just over S$5,000 here. The exact locations of the first 30 charging points are being determined, but the grid operator is inviting the public to suggest sites. Pricing has also yet to be finalised, but Goh Chee Kiong, the head of strategic development for SP Group, said there would likely be a tiered pricing system between DC and AC charging. “The investment in DC charging is substantially higher, because we are dealing with higher power ratings,” he said. He added that charging an EV nevertheless costs less than half of what it would cost to run a comparable petrol vehicle over the same distance. Going electric can also halve carbon emissions and reduce noise pollution, he said. SP Group is developing a smartphone app that will help EV drivers locate available charging points and pay for their electricity. As a power distributor, SP Group is unlikely to sell the juice to EV drivers directly. Instead, it will probably collect a tariff for the energy while building owners where the charging points are installed will be paid for the power supplied to them. EV retailers reacted positively to the announcement. Kevin Teng, the managing director of Wearnes (Renault), said: “This is extremely promising for the EV scene in Singapore, and could be a catalyst for widespread adoption of the quiet, environmentally friendly technology here.” In May, the company launched the Renault Zoe, a compact electric hatchback, and the Kangoo ZE, an electric panel van aimed at fleet operators. A spokesman for BMW Asia, which imports the BMW i3 EV and six Plug-in Hybrid Electric Vehicle models, also welcomed the move. Preeti Gupta, the director of corporate affairs for BMW Asia, said: “We believe electro-mobility is the future for Singapore and SP Group’s bold contribution puts us a step closer to making this a reality.” SP Group’s Mr Goh said the company hoped that the network would stimulate demand for EVs in Singapore. “The common grouse by many prospective EV buyers in Singapore is always, ‘Where are the charging points?’ We have done our homework and we believe there is a certain threshold that we need to cross in terms of being pervasive and also having higher (charging) speed.” [20210323] Lianhe Zaobao - 4 Caltex stations to set up fast charging points for electric vehicleshttps://www.spgroup.com.sg/dam/jcr:63e7286d-e4bc-4962-88e9-3006e005786c 四 加 德 士 油 站 将 设 电 动 车 快 速 充 电 设 备 四 个 加 德 士 油 站 最 迟 将 在 今 年 第 二 季 , 安 装 电 动 车 快 速 充 电 设 备 , 车 子 能 在 30 分 钟 内 充 满 电 上 路 。 新 加 坡 能 源 集 团 与 经 营 加 德 士 油 站 品 牌 的 雪 佛 龙 (Chevron) 昨 天 发 布 联 合 文 告 , 宣 布 将 在 忠 邦 、 樟 宜 、 裕 泉 和 杜 尼 安 (Dunearn) 四 个 加 德 士 油 站 , 装 置 电 动 车 快 速 充 电 设 备 , 为 驾 驶 电 动 车 者 提 供 更 大 便 利 。 其 中 , 三 个 油 站 各 设 有 一 个 50 千 瓦 (kW) 的 快 速 直 流 电 (direct current) 充 电 器 , 让 电 动 车 30 分 钟 内 充 满 电 。 樟 宜 加 德 士 油 站 则 设 有 两 个 50 千 瓦 的 快 速 充 电 设 备 , 如 果 同 一 时 间 只 有 一 辆 车 使 用 , 就 可 以 让 这 辆 车 以 100 千 瓦 的 速 度 , 更 快 充 满 电 。 相 较 于 常 见 的 低 压 交 流 电 (alternating current) 充 电 器 需 要 几 小 时 充 电 , 直 流 电 充 电 快 许 多 。 新 能 源 和 加 德 士 油 站 将 观 察 使 用 者 的 充 电 习 惯 , 以 改 善 充 电 设 备 的 便 利 性 , 提 高 使 用 率 , 并 为 拓 展 更 多 充 电 点 做 准 备 。 本 地 目 前 有 26 个 加 德 士 油 站 。 车 主 在 为 电 动 车 充 电 时 必 须 采 用 新 能 源 的 手 机 应 用 , 这 个 应 用 可 让 驾 车 者 寻 找 最 靠 近 的 充 电 点 、 实 时 更 新 充 电 情 况 , 以 及 无 现 金 支 付 充 电 费 。 蚬 壳 (Shell) 自 2019 年 起 已 在 旗 下 油 站 设 置 电 动 车 充 电 站 。 据 蚬 壳 网 站 显 示 , 它 目 前 在 全 国 有 18 个 油 站 可 为 电 动 车 充 电 。 为 鼓 励 更 多 人 使 用 洁 净 能 源 驱 动 的 汽 车 , 政 府 上 个 月 公 布 2021 财 政 年 预 算 案 声 明 时 宣 布 一 系 列 措 施 , 包 括 到 了 2030 年 在 全 国 设 立 6 万 个 电 动 车 充 电 站 , 比 原 本 的 2 万 8000 个 目 标 多 超 过 一 倍 。 [20201113] Straits Times - Higher rebates, surcharges to cut vehicle emissions from next yearhttps://www.spgroup.com.sg/dam/jcr:cdb796c3-b029-4dbe-a0c0-8a023522f3c5 Higher rebates, surcharges to cut vehicle emissions from next year Clement Yong Rebates on the purchase of cleaner cars will be increased by $5,000 from Jan 1 next year to Dec 31, 2022, under the Vehicular Emissions Scheme (VES). Cleaner taxis will have their rebates increased by $7,500 in the same time period, under the programme aimed at nudging motorists towards more environmentally friendly models of private transport. In the carrot-and-stick model, surcharges for more pollutive vehicles will also be increased – by $5,000 for cars and $7,500 for taxis. This will kick in on July 1 next year instead of at the start of the year to allow time for the market to adjust, and will be in effect until Dec 31, 2022, the National Environment Agency (NEA) and Land Transport Authority (LTA) said in a joint statement yesterday. The increased rebates and surcharges mean buyers of cleaner cars will be awarded with rebates of up to $25,000, up from the previous $20,000, while buyers of the most pollutive cars will be penalised by $25,000, also up from $20,000. The VES was introduced in 2018 to reduce carbon emissions on Singapore’s roads. It categorises vehicles based on emissions across five pollutants, with each category’s rebate or surcharge calibrated accordingly. NEA and LTA said the scheme has been effective in encouraging the purchase of cleaner car models, with the number of new cars that qualify for the cleanest two bands increasing by 60 per cent between the third quarter of 2018 and the first quarter of this year. The number of those in the most pollutive two bands has fallen by around 20 per cent in the same time period. Singapore University of Social Sciences associate professor of economics Walter Theseira said the VES rebates and surcharges could push motorists towards the adoption of cleaner cars in two ways. As motor car dealers usually quote a price inclusive of all taxes and certificate of entitlement bidding, a portion of the discounts usually goes to car buyers, while another could go to the dealers. This means that in addition to consumers getting a discount, the VES changes could also encourage car dealers to import cleaner models. Cleaner cars include the Hyundai Kona Electric, Renault Zoe and Toyota Prius Plus, while more pollutive cars are those like the Mitsubishi Outlander 2.0 CVT, Mazda CX-5 2.5 AT and Porsche Cayenne E3. The enhanced VES is also a boon for aspiring electric car buyers, whose car models often fall under the cleanest bands. Together with the early adoption incentive scheme for electric vehicle buyers announced by LTA in February – which offers rebates capped at $20,000 per vehicle – the increased rebates under the VES will allow for savings of up to $45,000 for each new fully electric car. However, Associate Professor Transport Minister Ong Ye Kung beside a BlueSG electric vehicle (EV). He said the authorities are reviewing the plan to increase the number of EV-charging points to see if commercial parties could be roped in. PHOTO: ONG YE KUNG/FACEBOOK Theseira noted that there are additional factors to consider with regard to electric vehicles. “The number of electric vehicle models is still very limited compared with that of internal combustion engines. Electric vehicles also require the owner to have available charging. I think until these two are solved, the VES change will have minimal effect,” he said. Transport Minister Ong Ye Kung said yesterday that industry watchers believe that costs for motorists choosing between electric vehicles and internal combustion engine vehicles will equalise by around 2025, or earlier. Electric models are now still generally more expensive, and there were only 1,125 electric cars on the road as at January. SP, Hyundai to boost usage of electric vehicles SP Group and Hyundai Motor Group signed an agreement yesterday to accelerate the adoption of electric vehicles in Singapore. The Temasek investment fund-owned group and the South Korean automotive manufacturer will work together on various initiatives, including the expansion of Singapore’s electric vehicle-charging infrastructure to make owning an electric car more convenient for motorists. They will also jointly develop a new business model for battery leasing, which will allow electric vehicle users to lease the car battery instead of owning it. It will be the first such exploration in South-east Asia. “SP and Hyundai aim to lower the initial cost of purchasing electric vehicles, enhance the accessibility of charging points and build an ecosystem of innovative solutions that can encourage the adoption of electric vehicles in Singapore,” the two groups said in a press statement. Mr Ong referred to Singapore’s electric vehicle-charging infrastructure, which has been cited as a potential bottleneck by industry watchers who believe the lack of chargers could stop Singapore’s electric dreams in its tracks. Singapore currently has 1,800 charging points and is planning to increase this to 28,000 by 2030. Mr Ong repeated what he said in SP’s group chief executive officer Stanley Huang said electric vehicles constitute a key pillar in SP’s strategy to help Singapore achieve its sustainability goals. Singapore aims for the last internal combustion engine car to be sold in 2030 and wants to phase out internal combustion engine vehicles by 2040. Hyundai Motor Group’s senior vice-president Jung Hong-bum said the group will continue to strengthen its cooperation with various local partners, beginning with this partnership with SP group. It is currently working closely with local universities such as Nanyang Technological University, start-ups and research institutes to create smart city solutions and brainstorm new future business areas. There are currently about 1,800 charging points in Singapore. The aim is to have more than 28,000 by 2030. Clement Yong Parliament last month – that the authorities are reviewing this plan to see if it could be made more ambitious by roping in commercial parties. “What is clear is that EVs (electric vehicles) will become a reality, but we need to embrace and promote it,” he said. clementy@sph.com.sg Searchhttps://www.spgroup.com.sg/search?tag=electric-vehicles Search [20190110] Tamil Murasu - Charging Points for Electric Vehicleshttps://www.spgroup.com.sg/dam/jcr:13083dd3-5d8f-4798-b008-aff32ef063a1 ������� ���� ����� ������ �������� ���� ��� ��� �� ����� ���� ���� ������� ������, ���� ��� ���� ����� ���� �� (���) ��� ���� ���� ����. �� ������ ��� ��� ������ ���� 38 ����� ������ �� ������������. �����, 43 ���� ����� �� ����� ������ 19. ���� 50 ���� ��� �� �� ����� ������. ��� ����� ������ ��������� ���� ������������ ����� �� ������� ���� ������ ����� ����. ���� ������ ��� ����� ���������� 1,000 ����� ������� ���� ���������� 38 ������ �������� �������� ������. ��� ������ ���� ����� ��� ����. ���� ����� ���� ���� �� �� ������� ������ ��� ����. ���� ����� ����� ��������� ���� �� ��� ��� �� ��� ������. ��� ����� ������ ����� ����� ����� �� ����� ��������� ��� ������� ����� ������� ����. ���� ����������� ���� ��� ����� ������ ���. ������ ���� ���� ����� ������ ��� ���� ����� ��� ��� ���� ����. ��� ���� ������ ������� �������� ��� ���� ����� �������� ���� ���. �� ����� ���� �� ����� 45 ��� 60 ������ ����� ����, �� ����� ������ ���� ��� 30 ������ ����� ���� �� ���� ��. ���� �� ������ 350 ���� ����� �� Source: Tamil Murasu © Singapore Press Holdings Limited. Permission required for reproduction. ��� ������ ����� ����� ���������� �� �������. �������� ���� ���� 15 ���� ����� �� ������. �� ��� �� ������ ��� 41.4 ��, �� �� ������� 47.3 �� ��� ������ ����� �����. ����� ���������� ���, ���� ��� ��� ��� ������ �������, ���� ���� 50% �� ���� ���� ��� ��� ������. ���� ���� ����� ����� ��������� ��� ����� ������ ��� �� �� ����� ������ ��� �������. ��� �� ��� ������ ���� �� ���� ����� 20� ��� ����� ������� ��� ��� �������. Schneider Electric Partners SP to Fully Electrify Service Vehicleshttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Schneider-Electric-Partners-SP-To-Fully-Electrify-Service-Vehicles Media Release Schneider Electric Partners SP to Fully Electrify Service Vehicles Schneider Electric is the first corporate partner outside of the public transport sector to use SP Group’s nationwide EV charging network Singapore, 2 January 2020 – Schneider Electric (SE) and SP Group (SP) today announced a partnership to fully electrify SE’s service fleet in Singapore. The agreement enables SE’s service vehicles to access SP’s nationwide network of electric vehicle (EV) charging points. SP will fully support SE’s charging needs for at least the next two years. SE has a total service fleet size of 25. Its intent is to convert 10 of its vehicles into EVs by June 2020 and fully electrify its fleet by 2021. This decision was made possible with the partnership with SP. Damien Dhellemmes, Country President of Schneider Electric Singapore elaborates: “Going green is a deliberate decision. After greening our regional headquarters in Singapore, our next step is to electrify our fleet. This is only possible if we have an accessible and wide enough charging network so that our service vehicles can be green and still serve our customers efficiently. SP’s nationwide network gives us the impetus to make this decision.” SP had earlier signed partnerships with Grab and HDT Singapore Taxi (HDT) to support the charging needs of their EV fleets. SE is the first corporate partner outside of the public transport sector to be using SP’s nationwide EV charging network. This represents a growing trend of companies in Singapore electrifying their internal fleets to achieve environmental sustainability and cost savings. SP currently operates Singapore’s largest and fastest public EV charging network with more than 200 charging points across the island. It is targeting 1,000 EV charging points by end of 2020, of which 250 will be high-speed DC (direct current) chargers that can deliver a full charge in 30 minutes. Goh Chee Kiong, Head of Strategic Development, SP Group, said: “SP has built up deep capabilities in electric vehicle charging and usage over the years which we have harnessed for our nationwide public EV charging network. We are pleased to have Schneider Electric as our first corporate partner outside of the public transport sector and are confident this will provide a model for many other corporates to electrify their own fleet vehicles. SP’s pervasive EV charging network across Singapore will fully support their charging needs, providing drivers convenience and peace of mind.” About Schneider Electric At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values. About SP Group SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. About 1.6 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services.  These networks are amongst the most reliable and cost-effective world-wide. SP Group also provides digital solutions to empower customers to manage their utilities, reduce consumption and save cost. For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG and on Twitter @SPGroupSG. [20170627] The Business Times - Electric vehicles drive change in grid operators and oil firmshttps://www.spgroup.com.sg/dam/jcr:4b74afb6-528d-4b14-932a-95f0189f8214 ally on hydrogen, biofuels, solar and ment production will continue to depend on hydrocarbons, he added. wind. The division has since expanded “You cannot make steel with electricity, or fly a plane or send a big con- to more than 200 staff, and hopes to invest about US$1 billion a year by tainer ship across the ocean on electricity. There isn't the energy density 2020; group CEO Ben van Beurden has said the business is expected to available.” 4 | TOPSTORIES The solar panels, but also take it into the distribution system and sell it to industrial and residential customers. “I think we will want to become value chain players. Whether we will invest equally in all parts of the value chain, I think it's too early to say,” he The third is its global presence. “The interesting bit about the new energies business is there are no global players in it; the people in this business tend to be local or sometimes regional, but certainly nobody global,” said Mr Wetselaar. for oil and gas to continue to receive investments as these will be “absolutely needed” to keep the world running for a long time. Furthermore, Shell is good and profitable in this business, he said. A lot of investments will also be Electric vehicles drive change in grid operators and oil firms CLEAN ENERGY the end of the decade is also just a starting point, he added. “We intend to make this a big business for Shell that over time can stand on its own feet, just like the oil business does, the downstream business does and the gas business does.” Business Times | Tuesday, June 27, 2017 Plausible energy mix in a net-zero emissions world By Andrea Soh ing for the day when there are so He cited as example: “Maybe work UK, last year launched a trial from Half the of perspective energy supply of balance...If will come gies through unit, is electricity, currently conducting research to explore the possibility of de- sandrea@sph.com.sg many electric vehicles the stability of someone with a life support system with Nissan allowing drivers to sell you lower (the threshold), it enables @AndreaSohBT up from current one fifth the grid could be affected. at home cannot afford not to have electricity stored in their electric car market operations. If you put it too veloping differentiated technologies Singapore “Today there are 600,000 cars in that power as opposed to you being batteries back to the grid during peak high, you are impeding 2015 market operations,” said Mr Wong. “Our motivation It has no ambitions in manufactur- in batteries. Net-zero emissions world Shell aims Singapore. to If all of them ride become electric vehicles, and they all start char- In such a situation, someone will UK think-tank Green Alliance es- is that the consumer must win ing batteries, but is 8% interested in learn- able to branding, charge the car.” hours. WANT to make a quick buck with your electric vehicle? In five to ten ging in Jurong, at some level Jurong have to segment power needs according to their criticality, and make a call closely-located vehicles charging sim- security.” charge batteries”, he said. “Because at timates that it could take as few as six without compromising reliability and ing “how can we Nuclear best and in a fast way years, you might just be able to do won’t be able to handle it. The rest of global that, by selling electricity from clout the the system will be in destabilised,” clean said on the allocation energy of power supply, he ultaneously race during periods of high For oil major 28% Shell, the future of the end of the day our business is delivering energy to customers and that 15% car battery to grid operator SP Group SP Group CEO Wong Kim Yin in an interview with The Business Times. This is why SP Group will need the Oil The delivery is our main business”. said. power demand for there to be possible shortages. Network operators keeping a close tab on. the transport Coal sector is one 31% 30% that it is Bioenergy Solar when power supply in Singapore runs It wants to be leader in the business and establish itself And among hydrocarbons, natural low. there said. are “It also depends reportedly a bit on planning the market to Anglo-Dutch group said earlier this The 9% group is also placing some of Emphasising that the group is not ability gas is by to far intervene the cleanest. in the “Natural market, gas install design technology because not that all allows countries cars have across That charging full value station chain you pull of into renewables, against the alternative to adoption of energies year that it is introducing battery charging points at some petrol stations in “I think it’s likely that the world will its bets on hydrogen-fuelled vehicles. electric such has an as important by notifying role to car play owners in meeting electricity an app demand that they while are not we decar- able be deregulated charged only power when markets. the network So you 11% Coal to do that may also very well be run vehicles, Mr Wong said SP Group will through can have cope, to when understand, electric geography vehicles be-bcome geography, more prevalent. what the opportunities France’s Total is studying Gas the viabdrogen Oilfor powering light Bioenergy 12% Britain and the Netherlands. 21% end up using 7% both batteries Wind and hy- By by Royal Andrea Dutch SohShell, a name more familiar today for its petrol stations. as become far as possible a significant allow growth the market priority to to bonise charge, the and energy to offer production to buy electricity grow at a it, much and a higher very important price instead, role or to are.” 10% and sandrea@sph.com.sg 9% run beyond as it 2020. is, unless The a unit certain is part threshold of a bigger breached. story of how the energy system to play control in delivering the charging the energy stations. that can- believes The it business will have of to manufacturing When such a time comes, SP Group ility of such a move, while Italy’s Eni vehicles...We’re Gasnot betting on a @AndreaSohBT As electric vehicles grow in popularity, it is not only carmakers Singapore and has At to that change point from – which where Mr it is Wong today not Grid be electrified.” operators all across the world threshold solar panels that – strikes which Shell the right had previ- balmestic Nuclear and central European stations. at all of them,” said Mr Wetselaar. is Other establish a already has 5% such facilities at some do- single outcome – we want to be good ROYAL transport Dutch groups Shell that aims are to be affected. a leader reckoned to where it could needs come to be in future, five to said 10 are finding In the one that year they since have its to formation, rapidly ance ously between dabbled allowing – is market however operations area to that run, the so company as to maximise will not value enter. ber Maarten WindWetselaar Solar Other told BT in a re- becomes AND STORAGE more prevalent will depend one FOSSIL Shell 0.5% executive 0.5% committee 3% mem- WITH Ultimately, CARBON CAPTURE whichever technology in Among clean energy those who and sees find an themselves opportunity having using to adapt its global their presence businesses and are estervene, As the possibly world’s by population not allowing contin- elec- cope It with has, unexpected firstly, been surges working de- to for the “Whether consumer, it comes against to the solar need panels to cent interview: “I could certainly see a on customers’ choice and regulators’ years Mr Wetselaar. – the group will then need to in- change the New their Energies businesses unit has in been order busy. to tablished electricity brand grid operators scale and up the oil companies. business quickly as and critical pand. Meanwhile, users can the access current the power energy vehicles technology proliferate. and the markets The National in the sec- grid. cing those is probably best in the become over major the course chargers of this century of cars.” whatever the customer wants, he ad- new tric ues vehicles to grow, to energy charge demand so that will more exmand deepen for its understanding electricity as of electric both the ensure or batteries reliability or other and security things, in produ- the business Note: For over a world time with where widespread we could prosperity, decision, the energy system and will Shell double will offer energies when. In Singapore, SP Group is prepar- supply. system also needs to be overhauled Grid, tor. “Before which operates we decide the where power to net- play, hands “We think of low-cost of the producing future stability companies and countries. The group, through its New Enerded. Source: Shell The second largest-publicly to reduce its carbon footprint. which part of the business and which traded oil company the world also “So the real challenge is to grow geographies, you need to deepen “So we're more system integrators “With the presence we have across needed on the new energies front, Source: plans on establishing The Business itself across Times the © the Singapore energy supply Press and at Holdings the same Limited. your understanding,” Permission said Mr required Wetselaar. transform Most law firms likely to renew leases and take capacity in the transmission where for reproduction. we would invest in a wind farm full SP value Group chain of renewables poised and alternative energies as it has done for cleaner...In order to get there, our It has also won a bid to build an off- system. And then delivering the all major economies, with the relation- size of the new energies business is time to reorganise it to become a lot the world in so many countries and in but “I’m not yet convinced that the energy to customers, and building a ships we have with governments, best measured by the capital emcore hypothesis is that we will need shore windfarm in Netherlands, and di- SP Group Partners Hyundai Motor Group to Accelerate Adoption of Electric Vehicles in Singaporehttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-Partners-Hyundai-Motor-Group-to-Accelerate-Adoption-of-Electric-Vehicles-in-Singapore News Release SP Group Partners Hyundai Motor Group to Accelerate Adoption of Electric Vehicles in Singapore First Battery-as-a-Service concept in Southeast Asia Singapore & Seoul, 12 November 2020 – SP Group (SP) and Hyundai Motor Group (Hyundai) today announced that they have signed a Business Cooperation Agreement (BCA) to accelerate the adoption of electric vehicles (EV) in Singapore. SP, which operates Singapore’s largest high-speed charging network, will partner with Hyundai to jointly develop a new business model for battery leasing, or Battery-as-a-Service (BaaS) – a first in Southeast Asia – where EV users lease the car battery instead of owning it. Stanley Huang, Group Chief Executive Officer, SP Group, said: “SP has the largest fast EV charging network in Singapore and we are progressively expanding it to establish a highly pervasive and reliable network in order to encourage EV adoption. Through this partnership with Hyundai, we are making low-carbon mobility solutions more accessible to vehicle owners. EVs are a key pillar in SP’s strategy to introduce more low-carbon, smart energy solutions to help achieve Singapore’s sustainability goals.” “For the success of innovation activities through the Hyundai Motor Group's Singapore Global Innovation Center (HMGICS), cooperation with competent local partners like SP Group is important,” said Hongbum Jung, Senior Vice President of Hyundai Motor Group. “We will strengthen cooperation with various local partners starting with this cooperation.” In October 2020, Hyundai announced the establishment of an open innovation base through a groundbreaking ceremony for the HMGICS. Hyundai will step up efforts to expand the supply of electric vehicles in Singapore in cooperation with SP, which is expanding its network of charging infrastructure. Meanwhile, Hyundai is working closely with local universities, startups, and research institutes to build an innovative ecosystem in Singapore, including Nanyang Technological University for industry-academic cooperation in smart city and future new business areas, and PSA Cargo Solutions for the establishment of automatic logistics services. -Ends- About SP Group SP Group is a leading utilities group in the Asia Pacific, enabling a low-carbon, smart energy future for its customers. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and sustainable energy solutions in Singapore and China. As Singapore’s national grid operator, about 1.6 million industrial, commercial and residential customers benefit from its world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. Beyond traditional utilities services, SP Group provides a suite of sustainable energy solutions such as cooling and heating systems for business districts and residential townships, electric vehicle fast charging and green digital energy management tools for customers in Singapore and the region. For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG, on LinkedIn at spgrp.sg/linkedin and on Twitter @SPGroupSG. About Hyundai Motor Group Hyundai Motor Group is a global corporation that has created a value chain based on automobiles, steel, and construction and includes logistics, finance, IT and service. With about 250,000 employees worldwide, the Group’s automobile brands include Hyundai Motor Co. and Kia Motors Corp and Genesis. Armed with creative thinking, cooperative communication and the will to take on all challenges, we are working to create a better future for all. More information about Hyundai Motor Group, please see: www.hyundaimotorgroup.com Disclaimer: Hyundai Motor Company believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader. [20190110] Berita Harian - SP Group Launches 38 Charging Points for Electric Vehicleshttps://www.spgroup.com.sg/dam/jcr:f278505f-b7f6-4258-8ebc-776e2a445a3c Berita Harian | Khamis, 10 Januari 2019 Berita SP Group lancar 38 tempat pengecas kenderaan elektrik MENGECAS KENDERAAN ELEKTRIK: Syarikat pembekal tenaga SP Group telah melancarkan kumpulan pertama tempat mengecas kenderaan elektrik. – Foto SPH SYARIKAT pembekal tenaga SP Group telah melancarkan kumpulan pertama tempat mengecas kenderaan elektrik. Langkah itu bertepatan dengan langkah syarikat pengangkutan sewa swasta, Grab, memanfaatkan kemudahan tersebut untuk mengecas kereta-kereta elektriknya. Kesemua 38 tempat pengecasan – 19 alat pengecas yang mempunyai arus berubah arah (AC) sebanyak 43 kilowatt dan 19 alat pengecas 50 kilowatt langsung (DC) – merupakan pengecas berkelajuan tinggi yang mampu menambah kuasa pada kereta elektrik bersaiz sederhana dalam masa sejam, berbanding enam hingga lapan jam menggunakan pengecas dalam rumah. Dalam kenyataannya, SP berkata tempat pengecasan itu terletak di lapan lokasi serata Singapura, berhampiran dengan pusat makanan, agar pemandu boleh berehat ketika kereta mereka sedang dicas. Tempat pengecasan tersebut adalah yang pertama daripada 1,000 tempat pengecasan yang SP ingin lancarkan menjelang 2020. Pengguna boleh mencari dan mengakses tempat mengecas yang disediakan melalui aplikasi SP. Ia boleh dimuat turun di iTunes App Store dan Google Play. Aplikasi tersebut turut mempunyai fungsi yang memaklumkan pengguna apabila pengecasan selesai. Ia juga membolehkan pengguna membuat pembayaran menerusi kad DBS dan POSB. Kad dari semua bank utama akan disertakan tidak lama lagi, kata SP. Sistem AC dapat mengecas kereta bersaiz sederhana dalam masa 45 hingga 60 minit, manakala pengecas DC dapat melakukannya dalam masa sekitar setengah jam. SP berkata ia merancang mahu memperkenalkan pengecas berkuasa 350 kilowatt “dalam beberapa tahun mendatang”. Pengecas tersebut dapat mengecas kereta berprestasi tinggi dalam kira-kira 15 minit. Ketika ini, pengguna perlu membayar 41.4 sen bagi setiap kilowatt jika mereka menggunakan pengecas AC dan 47.3 sen setiap kilowatt bagi pengecas DC. Mengikut kadar ini, SP berkata pemandu kereta elektrik boleh menjimat sekurang-kurangnya 50 peratus berbanding mereka yang memandu model setanding yang menggunakan petrol. Namun, akhbar The Straits Times difahamkan bahawa Grab akan memberi diskaun kepada para pemandu elektriknya. Syarikat tersebut dijangka menerima 20 kereta Hyundai Kona Electric bulan ini. Kereta ini – yang boleh memandu sejauh 400 kilometer jika dicas sehingga penuh – adalah sebahagian daripada 200 kereta yang telah dipesan Grab. Ogos lalu, syarikat pengangkutan itu telah membuat pengumuman bahawa ia bakal memperkenalkan kereta tersebut sebagai sebahagian daripada perkongsian dengan SP Group. Ketua Pegawai Eksekutif (CEO) Kumpulan SP, Encik Wong Kim Yin, berkata rangkaian pengecasan SP akan “menggalak penggunaan mobiliti hijau yang lebih meluas di Singapura, dan membolehkan pemandu untuk berjimat”. Source: Berita Harian © Singapore Press Holdings Limited. Permission required for reproduction. [20201113] Straits Times - Higher rebates, surcharges to cut vehicle emissions from next yearhttps://www.spgroup.com.sg/dam/jcr:cdb796c3-b029-4dbe-a0c0-8a023522f3c5 Higher rebates, surcharges to cut vehicle emissions from next year Clement Yong Rebates on the purchase of cleaner cars will be increased by $5,000 from Jan 1 next year to Dec 31, 2022, under the Vehicular Emissions Scheme (VES). Cleaner taxis will have their rebates increased by $7,500 in the same time period, under the programme aimed at nudging motorists towards more environmentally friendly models of private transport. In the carrot-and-stick model, surcharges for more pollutive vehicles will also be increased – by $5,000 for cars and $7,500 for taxis. This will kick in on July 1 next year instead of at the start of the year to allow time for the market to adjust, and will be in effect until Dec 31, 2022, the National Environment Agency (NEA) and Land Transport Authority (LTA) said in a joint statement yesterday. The increased rebates and surcharges mean buyers of cleaner cars will be awarded with rebates of up to $25,000, up from the previous $20,000, while buyers of the most pollutive cars will be penalised by $25,000, also up from $20,000. The VES was introduced in 2018 to reduce carbon emissions on Singapore’s roads. It categorises vehicles based on emissions across five pollutants, with each category’s rebate or surcharge calibrated accordingly. NEA and LTA said the scheme has been effective in encouraging the purchase of cleaner car models, with the number of new cars that qualify for the cleanest two bands increasing by 60 per cent between the third quarter of 2018 and the first quarter of this year. The number of those in the most pollutive two bands has fallen by around 20 per cent in the same time period. Singapore University of Social Sciences associate professor of economics Walter Theseira said the VES rebates and surcharges could push motorists towards the adoption of cleaner cars in two ways. As motor car dealers usually quote a price inclusive of all taxes and certificate of entitlement bidding, a portion of the discounts usually goes to car buyers, while another could go to the dealers. This means that in addition to consumers getting a discount, the VES changes could also encourage car dealers to import cleaner models. Cleaner cars include the Hyundai Kona Electric, Renault Zoe and Toyota Prius Plus, while more pollutive cars are those like the Mitsubishi Outlander 2.0 CVT, Mazda CX-5 2.5 AT and Porsche Cayenne E3. The enhanced VES is also a boon for aspiring electric car buyers, whose car models often fall under the cleanest bands. Together with the early adoption incentive scheme for electric vehicle buyers announced by LTA in February – which offers rebates capped at $20,000 per vehicle – the increased rebates under the VES will allow for savings of up to $45,000 for each new fully electric car. However, Associate Professor Transport Minister Ong Ye Kung beside a BlueSG electric vehicle (EV). He said the authorities are reviewing the plan to increase the number of EV-charging points to see if commercial parties could be roped in. PHOTO: ONG YE KUNG/FACEBOOK Theseira noted that there are additional factors to consider with regard to electric vehicles. “The number of electric vehicle models is still very limited compared with that of internal combustion engines. Electric vehicles also require the owner to have available charging. I think until these two are solved, the VES change will have minimal effect,” he said. Transport Minister Ong Ye Kung said yesterday that industry watchers believe that costs for motorists choosing between electric vehicles and internal combustion engine vehicles will equalise by around 2025, or earlier. Electric models are now still generally more expensive, and there were only 1,125 electric cars on the road as at January. SP, Hyundai to boost usage of electric vehicles SP Group and Hyundai Motor Group signed an agreement yesterday to accelerate the adoption of electric vehicles in Singapore. The Temasek investment fund-owned group and the South Korean automotive manufacturer will work together on various initiatives, including the expansion of Singapore’s electric vehicle-charging infrastructure to make owning an electric car more convenient for motorists. They will also jointly develop a new business model for battery leasing, which will allow electric vehicle users to lease the car battery instead of owning it. It will be the first such exploration in South-east Asia. “SP and Hyundai aim to lower the initial cost of purchasing electric vehicles, enhance the accessibility of charging points and build an ecosystem of innovative solutions that can encourage the adoption of electric vehicles in Singapore,” the two groups said in a press statement. Mr Ong referred to Singapore’s electric vehicle-charging infrastructure, which has been cited as a potential bottleneck by industry watchers who believe the lack of chargers could stop Singapore’s electric dreams in its tracks. Singapore currently has 1,800 charging points and is planning to increase this to 28,000 by 2030. Mr Ong repeated what he said in SP’s group chief executive officer Stanley Huang said electric vehicles constitute a key pillar in SP’s strategy to help Singapore achieve its sustainability goals. Singapore aims for the last internal combustion engine car to be sold in 2030 and wants to phase out internal combustion engine vehicles by 2040. Hyundai Motor Group’s senior vice-president Jung Hong-bum said the group will continue to strengthen its cooperation with various local partners, beginning with this partnership with SP group. It is currently working closely with local universities such as Nanyang Technological University, start-ups and research institutes to create smart city solutions and brainstorm new future business areas. There are currently about 1,800 charging points in Singapore. The aim is to have more than 28,000 by 2030. Clement Yong Parliament last month – that the authorities are reviewing this plan to see if it could be made more ambitious by roping in commercial parties. “What is clear is that EVs (electric vehicles) will become a reality, but we need to embrace and promote it,” he said. clementy@sph.com.sg Searchhttps://www.spgroup.com.sg/search?tag=electric-vehicles Search [20190110] Tamil Murasu - Charging Points for Electric Vehicleshttps://www.spgroup.com.sg/dam/jcr:13083dd3-5d8f-4798-b008-aff32ef063a1 ������� ���� ����� ������ �������� ���� ��� ��� �� ����� ���� ���� ������� ������, ���� ��� ���� ����� ���� �� (���) ��� ���� ���� ����. �� ������ ��� ��� ������ ���� 38 ����� ������ �� ������������. �����, 43 ���� ����� �� ����� ������ 19. ���� 50 ���� ��� �� �� ����� ������. ��� ����� ������ ��������� ���� ������������ ����� �� ������� ���� ������ ����� ����. ���� ������ ��� ����� ���������� 1,000 ����� ������� ���� ���������� 38 ������ �������� �������� ������. ��� ������ ���� ����� ��� ����. ���� ����� ���� ���� �� �� ������� ������ ��� ����. ���� ����� ����� ��������� ���� �� ��� ��� �� ��� ������. ��� ����� ������ ����� ����� ����� �� ����� ��������� ��� ������� ����� ������� ����. ���� ����������� ���� ��� ����� ������ ���. ������ ���� ���� ����� ������ ��� ���� ����� ��� ��� ���� ����. ��� ���� ������ ������� �������� ��� ���� ����� �������� ���� ���. �� ����� ���� �� ����� 45 ��� 60 ������ ����� ����, �� ����� ������ ���� ��� 30 ������ ����� ���� �� ���� ��. ���� �� ������ 350 ���� ����� �� Source: Tamil Murasu © Singapore Press Holdings Limited. Permission required for reproduction. ��� ������ ����� ����� ���������� �� �������. �������� ���� ���� 15 ���� ����� �� ������. �� ��� �� ������ ��� 41.4 ��, �� �� ������� 47.3 �� ��� ������ ����� �����. ����� ���������� ���, ���� ��� ��� ��� ������ �������, ���� ���� 50% �� ���� ���� ��� ��� ������. ���� ���� ����� ����� ��������� ��� ����� ������ ��� �� �� ����� ������ ��� �������. ��� �� ��� ������ ���� �� ���� ����� 20� ��� ����� ������� ��� ��� �������. Schneider Electric Partners SP to Fully Electrify Service Vehicleshttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Schneider-Electric-Partners-SP-To-Fully-Electrify-Service-Vehicles Media Release Schneider Electric Partners SP to Fully Electrify Service Vehicles Schneider Electric is the first corporate partner outside of the public transport sector to use SP Group’s nationwide EV charging network Singapore, 2 January 2020 – Schneider Electric (SE) and SP Group (SP) today announced a partnership to fully electrify SE’s service fleet in Singapore. The agreement enables SE’s service vehicles to access SP’s nationwide network of electric vehicle (EV) charging points. SP will fully support SE’s charging needs for at least the next two years. SE has a total service fleet size of 25. Its intent is to convert 10 of its vehicles into EVs by June 2020 and fully electrify its fleet by 2021. This decision was made possible with the partnership with SP. Damien Dhellemmes, Country President of Schneider Electric Singapore elaborates: “Going green is a deliberate decision. After greening our regional headquarters in Singapore, our next step is to electrify our fleet. This is only possible if we have an accessible and wide enough charging network so that our service vehicles can be green and still serve our customers efficiently. SP’s nationwide network gives us the impetus to make this decision.” SP had earlier signed partnerships with Grab and HDT Singapore Taxi (HDT) to support the charging needs of their EV fleets. SE is the first corporate partner outside of the public transport sector to be using SP’s nationwide EV charging network. This represents a growing trend of companies in Singapore electrifying their internal fleets to achieve environmental sustainability and cost savings. SP currently operates Singapore’s largest and fastest public EV charging network with more than 200 charging points across the island. It is targeting 1,000 EV charging points by end of 2020, of which 250 will be high-speed DC (direct current) chargers that can deliver a full charge in 30 minutes. Goh Chee Kiong, Head of Strategic Development, SP Group, said: “SP has built up deep capabilities in electric vehicle charging and usage over the years which we have harnessed for our nationwide public EV charging network. We are pleased to have Schneider Electric as our first corporate partner outside of the public transport sector and are confident this will provide a model for many other corporates to electrify their own fleet vehicles. SP’s pervasive EV charging network across Singapore will fully support their charging needs, providing drivers convenience and peace of mind.” About Schneider Electric At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values. About SP Group SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. About 1.6 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services.  These networks are amongst the most reliable and cost-effective world-wide. SP Group also provides digital solutions to empower customers to manage their utilities, reduce consumption and save cost. For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG and on Twitter @SPGroupSG. SP Group Partners Hyundai Motor Group to Accelerate Adoption of Electric Vehicles in Singaporehttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-Partners-Hyundai-Motor-Group-to-Accelerate-Adoption-of-Electric-Vehicles-in-Singapore News Release SP Group Partners Hyundai Motor Group to Accelerate Adoption of Electric Vehicles in Singapore First Battery-as-a-Service concept in Southeast Asia Singapore & Seoul, 12 November 2020 – SP Group (SP) and Hyundai Motor Group (Hyundai) today announced that they have signed a Business Cooperation Agreement (BCA) to accelerate the adoption of electric vehicles (EV) in Singapore. SP, which operates Singapore’s largest high-speed charging network, will partner with Hyundai to jointly develop a new business model for battery leasing, or Battery-as-a-Service (BaaS) – a first in Southeast Asia – where EV users lease the car battery instead of owning it. Stanley Huang, Group Chief Executive Officer, SP Group, said: “SP has the largest fast EV charging network in Singapore and we are progressively expanding it to establish a highly pervasive and reliable network in order to encourage EV adoption. Through this partnership with Hyundai, we are making low-carbon mobility solutions more accessible to vehicle owners. EVs are a key pillar in SP’s strategy to introduce more low-carbon, smart energy solutions to help achieve Singapore’s sustainability goals.” “For the success of innovation activities through the Hyundai Motor Group's Singapore Global Innovation Center (HMGICS), cooperation with competent local partners like SP Group is important,” said Hongbum Jung, Senior Vice President of Hyundai Motor Group. “We will strengthen cooperation with various local partners starting with this cooperation.” In October 2020, Hyundai announced the establishment of an open innovation base through a groundbreaking ceremony for the HMGICS. Hyundai will step up efforts to expand the supply of electric vehicles in Singapore in cooperation with SP, which is expanding its network of charging infrastructure. Meanwhile, Hyundai is working closely with local universities, startups, and research institutes to build an innovative ecosystem in Singapore, including Nanyang Technological University for industry-academic cooperation in smart city and future new business areas, and PSA Cargo Solutions for the establishment of automatic logistics services. -Ends- About SP Group SP Group is a leading utilities group in the Asia Pacific, enabling a low-carbon, smart energy future for its customers. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and sustainable energy solutions in Singapore and China. As Singapore’s national grid operator, about 1.6 million industrial, commercial and residential customers benefit from its world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. Beyond traditional utilities services, SP Group provides a suite of sustainable energy solutions such as cooling and heating systems for business districts and residential townships, electric vehicle fast charging and green digital energy management tools for customers in Singapore and the region. For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG, on LinkedIn at spgrp.sg/linkedin and on Twitter @SPGroupSG. About Hyundai Motor Group Hyundai Motor Group is a global corporation that has created a value chain based on automobiles, steel, and construction and includes logistics, finance, IT and service. With about 250,000 employees worldwide, the Group’s automobile brands include Hyundai Motor Co. and Kia Motors Corp and Genesis. Armed with creative thinking, cooperative communication and the will to take on all challenges, we are working to create a better future for all. More information about Hyundai Motor Group, please see: www.hyundaimotorgroup.com Disclaimer: Hyundai Motor Company believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader. [20170627] The Business Times - Electric vehicles drive change in grid operators and oil firmshttps://www.spgroup.com.sg/dam/jcr:4b74afb6-528d-4b14-932a-95f0189f8214 ally on hydrogen, biofuels, solar and ment production will continue to depend on hydrocarbons, he added. wind. The division has since expanded “You cannot make steel with electricity, or fly a plane or send a big con- to more than 200 staff, and hopes to invest about US$1 billion a year by tainer ship across the ocean on electricity. There isn't the energy density 2020; group CEO Ben van Beurden has said the business is expected to available.” 4 | TOPSTORIES The solar panels, but also take it into the distribution system and sell it to industrial and residential customers. “I think we will want to become value chain players. Whether we will invest equally in all parts of the value chain, I think it's too early to say,” he The third is its global presence. “The interesting bit about the new energies business is there are no global players in it; the people in this business tend to be local or sometimes regional, but certainly nobody global,” said Mr Wetselaar. for oil and gas to continue to receive investments as these will be “absolutely needed” to keep the world running for a long time. Furthermore, Shell is good and profitable in this business, he said. A lot of investments will also be Electric vehicles drive change in grid operators and oil firms CLEAN ENERGY the end of the decade is also just a starting point, he added. “We intend to make this a big business for Shell that over time can stand on its own feet, just like the oil business does, the downstream business does and the gas business does.” Business Times | Tuesday, June 27, 2017 Plausible energy mix in a net-zero emissions world By Andrea Soh ing for the day when there are so He cited as example: “Maybe work UK, last year launched a trial from Half the of perspective energy supply of balance...If will come gies through unit, is electricity, currently conducting research to explore the possibility of de- sandrea@sph.com.sg many electric vehicles the stability of someone with a life support system with Nissan allowing drivers to sell you lower (the threshold), it enables @AndreaSohBT up from current one fifth the grid could be affected. at home cannot afford not to have electricity stored in their electric car market operations. If you put it too veloping differentiated technologies Singapore “Today there are 600,000 cars in that power as opposed to you being batteries back to the grid during peak high, you are impeding 2015 market operations,” said Mr Wong. “Our motivation It has no ambitions in manufactur- in batteries. Net-zero emissions world Shell aims Singapore. to If all of them ride become electric vehicles, and they all start char- In such a situation, someone will UK think-tank Green Alliance es- is that the consumer must win ing batteries, but is 8% interested in learn- able to branding, charge the car.” hours. WANT to make a quick buck with your electric vehicle? In five to ten ging in Jurong, at some level Jurong have to segment power needs according to their criticality, and make a call closely-located vehicles charging sim- security.” charge batteries”, he said. “Because at timates that it could take as few as six without compromising reliability and ing “how can we Nuclear best and in a fast way years, you might just be able to do won’t be able to handle it. The rest of global that, by selling electricity from clout the the system will be in destabilised,” clean said on the allocation energy of power supply, he ultaneously race during periods of high For oil major 28% Shell, the future of the end of the day our business is delivering energy to customers and that 15% car battery to grid operator SP Group SP Group CEO Wong Kim Yin in an interview with The Business Times. This is why SP Group will need the Oil The delivery is our main business”. said. power demand for there to be possible shortages. Network operators keeping a close tab on. the transport Coal sector is one 31% 30% that it is Bioenergy Solar when power supply in Singapore runs It wants to be leader in the business and establish itself And among hydrocarbons, natural low. there said. are “It also depends reportedly a bit on planning the market to Anglo-Dutch group said earlier this The 9% group is also placing some of Emphasising that the group is not ability gas is by to far intervene the cleanest. in the “Natural market, gas install design technology because not that all allows countries cars have across That charging full value station chain you pull of into renewables, against the alternative to adoption of energies year that it is introducing battery charging points at some petrol stations in “I think it’s likely that the world will its bets on hydrogen-fuelled vehicles. electric such has an as important by notifying role to car play owners in meeting electricity an app demand that they while are not we decar- able be deregulated charged only power when markets. the network So you 11% Coal to do that may also very well be run vehicles, Mr Wong said SP Group will through can have cope, to when understand, electric geography vehicles be-bcome geography, more prevalent. what the opportunities France’s Total is studying Gas the viabdrogen Oilfor powering light Bioenergy 12% Britain and the Netherlands. 21% end up using 7% both batteries Wind and hy- By by Royal Andrea Dutch SohShell, a name more familiar today for its petrol stations. as become far as possible a significant allow growth the market priority to to bonise charge, the and energy to offer production to buy electricity grow at a it, much and a higher very important price instead, role or to are.” 10% and sandrea@sph.com.sg 9% run beyond as it 2020. is, unless The a unit certain is part threshold of a bigger breached. story of how the energy system to play control in delivering the charging the energy stations. that can- believes The it business will have of to manufacturing When such a time comes, SP Group ility of such a move, while Italy’s Eni vehicles...We’re Gasnot betting on a @AndreaSohBT As electric vehicles grow in popularity, it is not only carmakers Singapore and has At to that change point from – which where Mr it is Wong today not Grid be electrified.” operators all across the world threshold solar panels that – strikes which Shell the right had previ- balmestic Nuclear and central European stations. at all of them,” said Mr Wetselaar. is Other establish a already has 5% such facilities at some do- single outcome – we want to be good ROYAL transport Dutch groups Shell that aims are to be affected. a leader reckoned to where it could needs come to be in future, five to said 10 are finding In the one that year they since have its to formation, rapidly ance ously between dabbled allowing – is market however operations area to that run, the so company as to maximise will not value enter. ber Maarten WindWetselaar Solar Other told BT in a re- becomes AND STORAGE more prevalent will depend one FOSSIL Shell 0.5% executive 0.5% committee 3% mem- WITH Ultimately, CARBON CAPTURE whichever technology in Among clean energy those who and sees find an themselves opportunity having using to adapt its global their presence businesses and are estervene, As the possibly world’s by population not allowing contin- elec- cope It with has, unexpected firstly, been surges working de- to for the “Whether consumer, it comes against to the solar need panels to cent interview: “I could certainly see a on customers’ choice and regulators’ years Mr Wetselaar. – the group will then need to in- change the New their Energies businesses unit has in been order busy. to tablished electricity brand grid operators scale and up the oil companies. business quickly as and critical pand. Meanwhile, users can the access current the power energy vehicles technology proliferate. and the markets The National in the sec- grid. cing those is probably best in the become over major the course chargers of this century of cars.” whatever the customer wants, he ad- new tric ues vehicles to grow, to energy charge demand so that will more exmand deepen for its understanding electricity as of electric both the ensure or batteries reliability or other and security things, in produ- the business Note: For over a world time with where widespread we could prosperity, decision, the energy system and will Shell double will offer energies when. In Singapore, SP Group is prepar- supply. system also needs to be overhauled Grid, tor. “Before which operates we decide the where power to net- play, hands “We think of low-cost of the producing future stability companies and countries. The group, through its New Enerded. Source: Shell The second largest-publicly to reduce its carbon footprint. which part of the business and which traded oil company the world also “So the real challenge is to grow geographies, you need to deepen “So we're more system integrators “With the presence we have across needed on the new energies front, Source: plans on establishing The Business itself across Times the © the Singapore energy supply Press and at Holdings the same Limited. your understanding,” Permission said Mr required Wetselaar. transform Most law firms likely to renew leases and take capacity in the transmission where for reproduction. we would invest in a wind farm full SP value Group chain of renewables poised and alternative energies as it has done for cleaner...In order to get there, our It has also won a bid to build an off- system. And then delivering the all major economies, with the relation- size of the new energies business is time to reorganise it to become a lot the world in so many countries and in but “I’m not yet convinced that the energy to customers, and building a ships we have with governments, best measured by the capital emcore hypothesis is that we will need shore windfarm in Netherlands, and di- [20190110] Berita Harian - SP Group Launches 38 Charging Points for Electric Vehicleshttps://www.spgroup.com.sg/dam/jcr:f278505f-b7f6-4258-8ebc-776e2a445a3c Berita Harian | Khamis, 10 Januari 2019 Berita SP Group lancar 38 tempat pengecas kenderaan elektrik MENGECAS KENDERAAN ELEKTRIK: Syarikat pembekal tenaga SP Group telah melancarkan kumpulan pertama tempat mengecas kenderaan elektrik. – Foto SPH SYARIKAT pembekal tenaga SP Group telah melancarkan kumpulan pertama tempat mengecas kenderaan elektrik. Langkah itu bertepatan dengan langkah syarikat pengangkutan sewa swasta, Grab, memanfaatkan kemudahan tersebut untuk mengecas kereta-kereta elektriknya. Kesemua 38 tempat pengecasan – 19 alat pengecas yang mempunyai arus berubah arah (AC) sebanyak 43 kilowatt dan 19 alat pengecas 50 kilowatt langsung (DC) – merupakan pengecas berkelajuan tinggi yang mampu menambah kuasa pada kereta elektrik bersaiz sederhana dalam masa sejam, berbanding enam hingga lapan jam menggunakan pengecas dalam rumah. Dalam kenyataannya, SP berkata tempat pengecasan itu terletak di lapan lokasi serata Singapura, berhampiran dengan pusat makanan, agar pemandu boleh berehat ketika kereta mereka sedang dicas. Tempat pengecasan tersebut adalah yang pertama daripada 1,000 tempat pengecasan yang SP ingin lancarkan menjelang 2020. Pengguna boleh mencari dan mengakses tempat mengecas yang disediakan melalui aplikasi SP. Ia boleh dimuat turun di iTunes App Store dan Google Play. Aplikasi tersebut turut mempunyai fungsi yang memaklumkan pengguna apabila pengecasan selesai. Ia juga membolehkan pengguna membuat pembayaran menerusi kad DBS dan POSB. Kad dari semua bank utama akan disertakan tidak lama lagi, kata SP. Sistem AC dapat mengecas kereta bersaiz sederhana dalam masa 45 hingga 60 minit, manakala pengecas DC dapat melakukannya dalam masa sekitar setengah jam. SP berkata ia merancang mahu memperkenalkan pengecas berkuasa 350 kilowatt “dalam beberapa tahun mendatang”. Pengecas tersebut dapat mengecas kereta berprestasi tinggi dalam kira-kira 15 minit. Ketika ini, pengguna perlu membayar 41.4 sen bagi setiap kilowatt jika mereka menggunakan pengecas AC dan 47.3 sen setiap kilowatt bagi pengecas DC. Mengikut kadar ini, SP berkata pemandu kereta elektrik boleh menjimat sekurang-kurangnya 50 peratus berbanding mereka yang memandu model setanding yang menggunakan petrol. Namun, akhbar The Straits Times difahamkan bahawa Grab akan memberi diskaun kepada para pemandu elektriknya. Syarikat tersebut dijangka menerima 20 kereta Hyundai Kona Electric bulan ini. Kereta ini – yang boleh memandu sejauh 400 kilometer jika dicas sehingga penuh – adalah sebahagian daripada 200 kereta yang telah dipesan Grab. Ogos lalu, syarikat pengangkutan itu telah membuat pengumuman bahawa ia bakal memperkenalkan kereta tersebut sebagai sebahagian daripada perkongsian dengan SP Group. Ketua Pegawai Eksekutif (CEO) Kumpulan SP, Encik Wong Kim Yin, berkata rangkaian pengecasan SP akan “menggalak penggunaan mobiliti hijau yang lebih meluas di Singapura, dan membolehkan pemandu untuk berjimat”. Source: Berita Harian © Singapore Press Holdings Limited. Permission required for reproduction. [20200102] Joint Media Release - Schneider Electric Partners SP To Fully Electrify Service Vehicleshttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/d043785c-3726-4511-abcd-740361a5a138/%5B20200102%5D+Joint+Media+Release+-+Schneider+Electric+Partners+SP+To+Fully+Electrify+Service+Vehicles.pdf?MOD=AJPERES&CVID= SCHNEIDER ELECTRIC PARTNERS SP GROUP TO FULLY ELECTRIFY SERVICE VEHICLES IN SINGAPORE Schneider Electric is the first corporate partner outside of the public transport sector to use SP Group’s nationwide EV charging network Singapore, 2 January 2020 – Schneider Electric (SE) and SP Group (SP) today announced a partnership to fully electrify SE’s service fleet in Singapore. The agreement enables SE’s service vehicles to access SP’s nationwide network of electric vehicle (EV) charging points. SP will fully support SE’s charging needs for at least the next two years. SE has a total service fleet size of 25. Its intent is to convert 10 of its vehicles into EVs by June 2020 and fully electrify its fleet by 2021. This decision was made possible with the partnership with SP. Damien Dhellemmes, Country President of Schneider Electric Singapore elaborates: “Going green is a deliberate decision. After greening our regional headquarters in Singapore, our next step is to electrify our fleet. This is only possible if we have an accessible and wide enough charging network so that our service vehicles can be green and still serve our customers efficiently. SP’s nationwide network gives us the impetus to make this decision.” SP had earlier signed partnerships with Grab and HDT Singapore Taxi (HDT) to support the charging needs of their EV fleets. SE is the first corporate partner outside of the public transport sector to be using SP’s nationwide EV charging network. This represents a growing trend of companies in Singapore electrifying their internal fleets to achieve environmental sustainability and cost savings. SP currently operates Singapore’s largest and fastest public EV charging network with more than 200 charging points across the island. It is targeting 1,000 EV charging points by end of 2020, of which 250 will be high-speed DC (direct current) chargers that can deliver a full charge in 30 minutes. 1 Goh Chee Kiong, Head of Strategic Development, SP Group, said: “SP has built up deep capabilities in electric vehicle charging and usage over the years which we have harnessed for our nationwide public EV charging network. We are pleased to have Schneider Electric as our first corporate partner outside of the public transport sector and are confident this will provide a model for many other corporates to electrify their own fleet vehicles. SP’s pervasive EV charging network across Singapore will fully support their charging needs, providing drivers convenience and peace of mind.” - Ends - 2 About Schneider Electric At Schneider, we believe access to energy and digital is a basic human right. We empower all to make the most of their energy and resources, ensuring Life Is On everywhere, for everyone, at every moment. We provide energy and automation digital solutions for efficiency and sustainability. We combine world-leading energy technologies, real-time automation, software and services into integrated solutions for Homes, Buildings, Data Centers, Infrastructure and Industries. We are committed to unleash the infinite possibilities of an open, global, innovative community that is passionate about our Meaningful Purpose, Inclusive and Empowered values. About SP Group SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. About 1.6 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. SP Group also provides digital solutions to empower customers to manage their utilities, reduce consumption and save cost. For more information, please visit spgroup.com.sg or for follow us on Facebook at fb.com/SPGroupSG and on Twitter @SPGroupSG. 3 [20180620] The Business Times - SP Group calls for tenders to build charging grid for electric vehicleshttps://www.spgroup.com.sg/dam/jcr:8b96067e-3926-464b-a17b-c407dfaa3cd2 SP Group calls for tenders to build charging grid for electric vehicles 30 charging points to be up in six months, and 500 by 2020. Charging small car to take as little as 30 minutes By Leow Ju-Len btnews@sph.com.sg Singapore DRIVE your electric vehicle (EV) to the mall and leave with a fully-charged battery in the time it takes to grab a leisurely coffee. This is one premise behind SP Group’s intention to build the largest public EV charging network in Singapore by the end of the year. On Tuesday, the nation’s power grid operator announced that it will install 30 charging points across the island within the next six months, under a larger plan to set up 500 points by 2020. These points will be installed in shopping malls, residential areas, business parks and industrial sites. All of them will be available to any EV driver. SP Group chief executive Wong Kim Yin said the move was a logical one for the utilities company to make. “As the national grid operator, we are in a natural position to look after this because our electricity network is already pervasive. Wherever you want to charge EVs, the nearest infrastructure would most likely be from us,” he said. SP Group has called for two tenders to build the network: one for the supply of charging hardware and the other, for their installation at the charging points. More than 100 of the new chargers The charging points (above) will be in public-friendly points. A car being charged (right). SP Group’s grid is expected to raise demand for EVs. BT PHOTOS: KEVIN LIM will be direct-current (DC) fast chargers that operate at 50 kilowatts (kW) – enough to fully charge a small EV in as little as 30 minutes. The rest will be alternating current (AC) chargers that operate at 22kW. These are slower than DC chargers, but still roughly three times faster than the home chargers that EV owners typically install. Mr Wong would not disclose the amount that SP Group will invest in the network. A source from Komoco Motors, which imports the Hyundai Ioniq Electric here, told The Business Times that a single fast DC charger can cost as much as S$65,000 with installation. In contrast, a slower AC charger retails for just over S$5,000 here. The exact locations of the first 30 chargin

News Release UOB and SP Group partner to offset 100% or more of household electricity carbon emissions for UOB EVOL cardholders Cardholders can now achieve their sustainability goals seamlessly and conveniently when they charge their utilities bills to their card Singapore, 23 November 2022 – UOB EVOL cardholders will now be able to offset 100 per cent or more of their household electricity carbon footprint for free when they charge SP Group’s (SP) utilities bills to their credit card, via a new exclusive feature jointly launched by UOB and SP this month. With this new feature, when customers charge SP utilities bills to their UOB EVOL card, UOB will fund and contribute 2 per cent of the billed amount to purchase My Green Credits on the SP app on behalf of the customer. My Green Credits is an affordable and convenient way for customers to get on the sustainability movement by greening their energy consumption through the purchase the amount of “green credits” in the form of Renewable Energy Certificates (RECs)1. For example, when customers charge a $90 utilities bill to their UOB EVOL card, they will receive $1.80 worth of complimentary My Green Credits from UOB, equivalent to 2% of the billed amount. My Green Credits is purchased at a cost of S$0.12 per 25 kWh, which will translate to offsetting 375 kWh (kilowatt hour) or equivalent to an average national 4-room HDB flat’s electricity usage. This is equivalent to offsetting 100 per cent of the home’s electricity carbon footprint (see Annex for illustration). New UOB EVOL cardmembers paying their SP bills via the SP app will automatically enjoy the complimentary My Green Credits, while existing cardholders who are using the SP app to pay their bills before 10 November 2022 will simply need to do a one-time re-add of their EVOL card as a payment method to be eligible. My Green Credits will be automatically reflected within the customer’s SP app, with no additional effort required from them when bill payments are made. This benefit is available for both one-time and recurring SP bills payments. UOB EVOL card is the first in the market to partner with SP Group, Singapore’s national grid operator and leading sustainable energy solutions provider in the region, to offer customers complimentary My Green Credits when they use their EVOL Card to make utilities payment. This feature is applicable to all existing and new EVOL cardholders. The My Green Credits purchased will go towards supporting sustainable energy project developments in the region for the generation of green energy. 1Renewable Energy Certificates (RECs) are tradable green energy attributes that represent units of electricity generated from renewable energy generation facilities. These facilities comply with and are registered under internationally recognised standards, such as the I-REC standard, and are eligible to be issued RECs for every unit of electricity generated. A credit card that supports the green initiative UOB EVOL card is designed to appeal and serve the needs of younger customers, particularly their increasing focus on sustainability. The UOB EVOL Card is Southeast Asia’s first credit card to use bio-sourced materials to minimise ecological footprint. The EVOL Card is made of 84 percent polylactic acid (PLA) and created from renewable sources which are safe for incineration process. An EVOL Card that has expired and discarded is biodegradable in an industrial facility. Each EVOL card cuts down the use of plastic by 84 per cent and reduces carbon footprint by 10 grams per card. EVOL card also has a strong partnership with over 30 green partners to increase customers’ awareness of sustainability in their daily spending. This new card feature is another innovative initiative to further help them contribute to sustainable efforts seamlessly and conveniently. Ms Jacquelyn Tan, Head of Group Personal Financial Services, UOB, said “We understand that every customer has unique needs, preferences and goals, and this drives us to do right by them, to serve them in a way that meets their needs. Our wide suite of credit cards provides a comprehensive range of benefits and rewards to cater to different groups of customers on their differing needs. Through our partnership with SP, we are happy to further support the younger generation’s sustainability goals with our UOB EVOL card. This also shows UOB’s commitment towards sustainability, as we empower customers to work with us to tackle climate change and to forge a more sustainable future together.” Mr Luke Tang, Head of Strategy and Sustainability, SP Group, said “We are pleased to partner UOB to catalyse behaviour that promotes sustainability and the use of renewable energy certificates on the SP App to green household electricity consumption. As younger customers chart their sustainability journeys, we look forward to empowering them with green platforms and resources and collectively accelerate Singapore’s progress towards net zero.” The SP app was launched by SP as the first sustainability lifestyle app in Singapore. It aims to incorporate green solutions and initiatives to provide users with insights and solutions to manage their utilities and to reduce their carbon footprint. In addition to My Green Credits, users can also use the app to manage their utilities, reduce electricity consumption and contribute to Singapore’s sustainability targets to achieve a low-carbon future. On another sustainable front, as part of the UOB EVOL Card My Green Credits launch, SP supported National Parks Board’s (NParks) OneMillionTrees movement to plant a million more trees across Singapore by 2030 through NParks’ registered charity and IPC, Garden City Fund’s Plant-A-Tree programme. UOB and SP will plant 50 trees in April 2023, bringing us closer to realising our vision of becoming a City in Nature, a key pillar of the Singapore Green Plan 2030. Strategic partnership to create better solutions for customers This year marks the fourth year of partnership between UOB and SP, with joint efforts to empower customers on their green goals. Previous collaborations include the purchase of RECs through SP as part of a National Day promotion in 2021 for the EVOL card. UOB has also launched an API with SP in 2020, to allow UOB customers to instantly use their UNI$ to off-set their utility bills. Moving forward, UOB will work with SP to launch another new feature in the first quarter of 2023 that allows UOB cardholders to use their UNI$ to redeem for My Green Credits via the SP mobile app. They can choose which local or international renewable energy projects that they would like to support with the My Green Credits redeemed. Under the My Green Credits initiative, SP is supporting various green projects ranging from a solar farm in Vietnam, to a wind farm in Thailand, to a solar rooftop system in Singapore, to help reduce emissions and impact on the environment. In line with Singapore’s strong push to electrify its vehicle population, ecosystem, UOB and SP also have plans to provide promotional offers to customers who use their UOB cards to pay for electric vehicles (EV) charging at SP EV charging points. Over the past 2 years, UOB has been building up a suite of sustainable future solutions to make it simpler for customers to create impact with their everyday choices. The Bank has an established sustainable investing approach which set standards for its Singapore and regional footprint by curating a suite of sustainable investments across funds, bonds and structured products. This includes its first UOB Personal Financial Services (PFS) secured loans green product framework, serving as the foundation of its Go Green home and car loans. The framework leverages insight from Morningstar Sustainalytics, a leading global provider of ESG research, ratings, and data. In November 2022, UOB also will be availing a digital doorway to sustainable banking on the UOB TMRW app, allowing customers to easily access green deals, investments and banking products on mobile. Through the app, customers will also receive eco-friendly tips for the holiday festivities, and personalised insights to bank and live more sustainably in 2023.   ANNEX: Illustration of offsetting customers’ carbon footprint with UOB EVOL Card

Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-And-SP-Group-Launch-Next-Generation-Solar-Car-For-World-Solar-Challenge-2017 Media Release Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=sunspec Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic Searchhttps://www.spgroup.com.sg/search?tag=solar Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps Searchhttps://www.spgroup.com.sg/search?tag=solar Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-Students-Rebuild-Solar-Car-After-Setback--Supported-By-Singapore-Power all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-say-die” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore’s sole entry, SunSPEC4 Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Innovationhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/innovation/next-generation-solutions-for-your-future-needs cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students Category: Innovation Searchhttps://www.spgroup.com.sg/search?tag=future-ready ://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic And SP Group SP Group Annual Report FY1516https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/SP-Group-Annual-Report-FY1516.pdf and logistical support from SP, as well as our undertaking to air freight the SunSPEC4 to save time, both the team and their car were at the starting line on time to be flagged off. SP’s staff, who are also alumni of the polytechnic, travelled with the SunSPEC team to provide additional support and advice 1 2 Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-And-SP-Group-Launch-Next-Generation-Solar-Car-For-World-Solar-Challenge-2017 Media Release Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic ://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic And SP Group Searchhttps://www.spgroup.com.sg/search?tag=sunspec Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=solar Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release Searchhttps://www.spgroup.com.sg/search?tag=solar Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-Students-Rebuild-Solar-Car-After-Setback--Supported-By-Singapore-Power all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-say-die” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore’s sole entry, SunSPEC4 Searchhttps://www.spgroup.com.sg/search?tag=future-ready ://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic And SP Innovationhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/innovation/next-generation-solutions-for-your-future-needs cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students Category: Innovation SP Group Annual Report FY1516https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/SP-Group-Annual-Report-FY1516.pdf and logistical support from SP, as well as our undertaking to air freight the SunSPEC4 to save time, both the team and their car were at the starting line on time to be flagged off. SP’s staff, who are also alumni of the polytechnic, travelled with the SunSPEC team to provide additional support and advice 1 2 Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-And-SP-Group-Launch-Next-Generation-Solar-Car-For-World-Solar-Challenge-2017 Media Release Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Searchhttps://www.spgroup.com.sg/search?tag=sunspec Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=solar Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release Searchhttps://www.spgroup.com.sg/search?tag=solar Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-Students-Rebuild-Solar-Car-After-Setback--Supported-By-Singapore-Power all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-say-die” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore’s sole entry, SunSPEC4 Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Innovationhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/innovation/next-generation-solutions-for-your-future-needs cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students Category: Innovation Searchhttps://www.spgroup.com.sg/search?tag=-energysolutions--sustainability--datacentres Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D SP Group Annual Report FY1516https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/SP-Group-Annual-Report-FY1516.pdf and logistical support from SP, as well as our undertaking to air freight the SunSPEC4 to save time, both the team and their car were at the starting line on time to be flagged off. SP’s staff, who are also alumni of the polytechnic, travelled with the SunSPEC team to provide additional support and advice 1 2 Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-And-SP-Group-Launch-Next-Generation-Solar-Car-For-World-Solar-Challenge-2017 Media Release Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=sunspec Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017https://www.spgroup.com.sg/about-us/media-resources/news Searchhttps://www.spgroup.com.sg/search?tag=solar Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release Searchhttps://www.spgroup.com.sg/search?tag=solar Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-Students-Rebuild-Solar-Car-After-Setback--Supported-By-Singapore-Power all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-say-die” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore’s sole entry, SunSPEC4 Innovationhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/innovation/next-generation-solutions-for-your-future-needs cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students Category: Innovation SP Group Annual Report FY1516https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/SP-Group-Annual-Report-FY1516.pdf and logistical support from SP, as well as our undertaking to air freight the SunSPEC4 to save time, both the team and their car were at the starting line on time to be flagged off. SP’s staff, who are also alumni of the polytechnic, travelled with the SunSPEC team to provide additional support and advice Annual Report Year 2018/2019https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/Annual-Report-Year-20182019.pdf Singapore’s first Smart Grid in a business park, at Punggol Digital District. SP GROUP ANNUAL REPORT 2018/2019 6 Chairman’s Message Singapore Polytechnic and SP Group at the launch of SunSPEC 6 solar car on 30 July 2019. energy suite with AI-enabled technology to monitor and optimise the shipyard’s 1 2 Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-And-SP-Group-Launch-Next-Generation-Solar-Car-For-World-Solar-Challenge-2017 Media Release Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=sunspec Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-And-SP-Group-Launch-Next-Generation Searchhttps://www.spgroup.com.sg/search?tag=solar Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release Searchhttps://www.spgroup.com.sg/search?tag=solar of Contents 1. Introduction ................................................................................................................................... 2 2. Electricity Generation Licence Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic And SP Group Launch Next Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-Students-Rebuild-Solar-Car-After-Setback--Supported-By-Singapore-Power all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-say-die” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore’s sole entry, SunSPEC4 Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Innovationhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/innovation/next-generation-solutions-for-your-future-needs cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students Category: Innovation SP Group Annual Report FY1516https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/SP-Group-Annual-Report-FY1516.pdf and logistical support from SP, as well as our undertaking to air freight the SunSPEC4 to save time, both the team and their car were at the starting line on time to be flagged off. SP’s staff, who are also alumni of the polytechnic, travelled with the SunSPEC team to provide additional support and advice Annual Report Year 2018/2019https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/Annual-Report-Year-20182019.pdf Singapore’s first Smart Grid in a business park, at Punggol Digital District. SP GROUP ANNUAL REPORT 2018/2019 6 Chairman’s Message Singapore Polytechnic and SP Group at the launch of SunSPEC 6 solar car on 30 July 2019. energy suite with AI-enabled technology to monitor and optimise the shipyard’s 1 2 Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-And-SP-Group-Launch-Next-Generation-Solar-Car-For-World-Solar-Challenge-2017 Media Release Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=sunspec Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/powering-future-engineering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Powering Future Engineering Talent SUSTAINABILITY All set for the race are Singapore Polytechnic’s SunSPEC team (from left), Ng Qianhui, Roy Leung, Effy Chang and Lau Lok Yee. SP Group has been SunSPEC’s presenter and main sponsor since Category: Sustainability Searchhttps://www.spgroup.com.sg/search?tag=solar Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release Searchhttps://www.spgroup.com.sg/search?tag=solar Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-Students-Rebuild-Solar-Car-After-Setback--Supported-By-Singapore-Power all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-say-die” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore’s sole entry, SunSPEC4 Innovationhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/innovation/next-generation-solutions-for-your-future-needs cars to compete in the biennial World Solar Challenge. The latest edition of the car, SunSPEC5, was launched in July 2017. It features advanced solar and energy storage capabilities close to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students Category: Innovation SP Group Annual Report FY1516https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/SP-Group-Annual-Report-FY1516.pdf and logistical support from SP, as well as our undertaking to air freight the SunSPEC4 to save time, both the team and their car were at the starting line on time to be flagged off. SP’s staff, who are also alumni of the polytechnic, travelled with the SunSPEC team to provide additional support and advice Annual Report Year 2018/2019https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/Annual-Report-Year-20182019.pdf Singapore’s first Smart Grid in a business park, at Punggol Digital District. SP GROUP ANNUAL REPORT 2018/2019 6 Chairman’s Message Singapore Polytechnic and SP Group at the launch of SunSPEC 6 solar car on 30 July 2019. energy suite with AI-enabled technology to monitor and optimise the shipyard’s Annual Report Year 2016/2017https://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/Annual-Report-Year-1617.pdf to commercially viable vehicles. We are also offering SunSPEC polytechnic and university sponsorships for students who are part of the solar car team. They will secure jobs at SP Group with customised training and exposure in critical areas such as electricity and gas planning and operations. 15 DRIVING 1 Searchhttps://www.spgroup.com.sg/search?tag=solar Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-And-SP-Group-Launch-Next-Generation-Solar-Car-For-World-Solar-Challenge-2017 Media Release Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Searchhttps://www.spgroup.com.sg/search?tag=solar Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-And-SP-Group-Launch-Next-Generation-Solar-Car-For-World-Solar-Challenge-2017 Media Release Searchhttps://www.spgroup.com.sg/search?tag=solar Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-And-SP-Group-Launch-Next-Generation-Solar-Car-For-World-Solar-Challenge-2017 Media Release [Info] Solar Power - Non-Residential Consumers (Master-Sub Write Up)https://www.spgroup.com.sg/dam/jcr:87dc48a7-69d6-4909-9f4e-d6a01a14492d/%20Solar%20Power%20%E2%80%93%20Non-Residential%20Consumers%20(Master-Sub%20Write%20Up).pdf Solar Power – Non-Residential Consumers (Master-Sub Write Up) Background 1 Master-sub scheme is a metering arrangement whereby the common services consumption is a derived figure: • Master-meter measures overall electricity consumed by the building (i.e. both the individual units and the common [Guide] Solar Power Generators.pdfhttps://www.spgroup.com.sg/dam/jcr:bbfb030c-0d8e-422c-8eab-8cd4a3d5ee9e/%5BGuide%5D%20Solar%20Power%20Generators.pdf Solar PV – User Guide for Generators Table of Contents 1. Introduction ................................................................................................................................... 2 2. Electricity Generation Licence Solar Power – Generators.pdfhttps://www.spgroup.com.sg/dam/jcr:bbfb030c-0d8e-422c-8eab-8cd4a3d5ee9e/Solar%20Power%20%E2%80%93%20Generators.pdf Solar PV – User Guide for Generators Table of Contents 1. Introduction ................................................................................................................................... 2 2. Electricity Generation Licence [Guide] Solar Power Non-Residential Consumers.pdfhttps://www.spgroup.com.sg/dam/jcr:b1e9028b-349f-4e42-ab04-f83f618477f9/%5BGuide%5D%20Solar%20Power%20Non-Residential%20Consumers.pdf Solar PV – User Guide for Non-Residential Consumers Table of Contents 1. Introduction ................................................................................................................................... 2 2. Electricity Generation Licence Solar Power – Non-Residential Consumers.pdfhttps://www.spgroup.com.sg/dam/jcr:b1e9028b-349f-4e42-ab04-f83f618477f9/Solar%20Power%20%E2%80%93%20Non-Residential%20Consumers.pdf Solar PV – User Guide for Non-Residential Consumers Table of Contents 1. Introduction ................................................................................................................................... 2 2. Electricity Generation Licence Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-And-SP-Group-Launch-Next-Generation-Solar-Car-For-World-Solar-Challenge-2017 Media Release Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic =singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=singapore-polytechnic Search Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car Solar Power – Residential Consumers.pdfhttps://www.spgroup.com.sg/dam/jcr:f9c85889-9b43-4312-a3fc-5a5bcc55aaa6/Solar%20Power%20%E2%80%93%20Residential%20Consumers.pdf Solar PV – User Guide for Residential Consumers Table of Contents 1. Introduction ................................................................................................................................... 2 2. Electricity Generation Licence 1 2 3 4 5 ..... 36 Microsoft Word - FAQ - Alt Pathways for LEW_updated 301019https://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/848cd1a3-df3a-4adb-99fd-b37aacdcc53a/FAQ+-+Alt+Pathways+for+LEW_updated+301019.pdf?MOD=AJPERES&CONVERT_TO=url&CACHEID=ROOTWORKSPACE.Z18_M1IEHBK0MOUJ20ABQK7Q593U32-848cd1a3-df3a-4adb-99fd-b37aacdcc53a-m.cYvBe Frequently Asked Questions LICENSED ELECTRICIAN (LE) PREPARATORY PROGRAMME 1. Where can I find the details of the Preparatory Programme approved by EMA? The details of the Preparatory Programme can be found in: 1) SP Group (www.spgroup.com.sg) 2) Ngee Ann Polytechnic (www.np.edu.sg) 3) Singapore Polytechnic (www.sp.edu.sg) 2. What is the fee and duration of the Preparatory Programme? The duration of the programme is 5 - 6 months. Please refer to SP Group, Ngee Ann Polytechnic or Singapore Polytechnic website for more information. Full Programme Fee Singapore Citizens and Permanent Residents <40 years old Nett Fee after Subsidy Singapore Citizens ≥ 40 years old only Workfare Training Support (WTS) Without GST $8,380.00 $2,514.00 $838.00 $419.00 With GST $8,966.60 $2,689.98 $1,013.98 $594.98 3. Who will be conducting the Preparatory Programme? The Preparatory Programme will be conducted by Ngee Ann Polytechnic / Singapore Polytechnic and Singapore Institute of Power and Gas. 4. How long will be the Preparatory Programme? The programme duration is 156 hours. Page 1 of 5 5. Where will the Preparatory Programme be conducted? The Preparatory Programme will be conducted at Ngee Ann Polytechnic / Singapore Polytechnic and Singapore Institute of Power and Gas. Please refer to SP Group, Ngee Ann Polytechnic or Singapore Polytechnic website for the location of each programme run. 6. Is there any validity period for the result of the Preparatory Programme? The validity period for the result is two years from the date of completion of the Preparatory Programme. 7. Is the Preparatory Programme conducted during weekday daytime, evening time or on weekends? The programme is conducted during weekday evenings (6.30pm – 10.00pm) and Saturdays (8.30am – 5.00pm). Please refer to SP Group, Ngee Ann Polytechnic or Singapore Polytechnic website for the timetable of the programme. 8. Is there any assessment for the Preparatory Programme? Yes, there will be both written and practical assessments for the Preparatory Programme. 9. Is there a certificate after completion of the Preparatory Programme? Participants who have successfully pass all theoretical and practical modules will be awarded a “Certificate of Achievement” jointly issued by SIPG and SP/NP. The “Certificate of Achievement” is required by EMA for participants without the relevant educational qualification. Participants are required to ensure that they satisfy the relevant work experience and pass the “EMA Licensing Competency Assessment” to qualify for an Electrician’s License. Please refer to the EMA website for more information on application for Electrician’s License: https://elise.ema.gov.sg/elise/newworkerapplicationservlet?lic_type=EL 10. If I fail a module, will I be given a 2nd chance to retake the assessment and what are the cost involved? Participants will be allowed to sit for a re-assessment in the subsequent run if they fail. A re-assessment fee of $53.50 applies. If they still do not pass the assessment at the second attempt, they will be required to repeat the whole module at the full fee without subsidy. 11. What is the maximum duration to complete the programme? The maximum duration to complete the programme is 2 years. Page 2 of 5 12. What is the maximum class size and how many intakes are there per year? The maximum class size per intake is 25 participants. There are two intakes each year – one in January and the second one in July. Due to an overwhelming response, we seek your understanding that your application may be placed on the waiting list upon your submission of completed application form and supporting documents. Our officers will contact you again when your application is ready for enrolment. Page 3 of 5 LICENSED ELECTRICAL TECHNICIAN (LET) PREPARATORY PROGRAMME 1. Where can I find the details of the Preparatory Programme approved by EMA? The details of the Preparatory Programme can be found in: 1) SP Group (www.spgroup.com.sg) 2) Ngee Ann Polytechnic (www.np.edu.sg) 3) Singapore Polytechnic (www.sp.edu.sg) 2. What is the fee and duration of the Preparatory Programme? The duration of the programme is 5 - 6 months. Please refer to SP Group, Ngee Ann Polytechnic or Singapore Polytechnic website for more information. Nett Fee after Subsidy Full Programme Fee Singapore Citizens and Permanent Residents <40 years old Singapore Citizens ≥ 40 years old only Workfare Training Support (WTS) Without GST $11,460.00 $3,438.00 $1,146.00 $573.00 With GST $12,262.20 $3,678.66 $1,386.66 $813.66 3. Who will be conducting the Preparatory Programme? The Preparatory Programme will be conducted by Ngee Ann Polytechnic / Singapore Polytechnic and Singapore Institute of Power and Gas. 4. How long will be the Preparatory Programme? The programme duration is 207 hours. 5. Where will the Preparatory Programme be conducted? The Preparatory Programme will be conducted at Ngee Ann Polytechnic / Singapore Polytechnic and Singapore Institute of Power and Gas. Please refer to SP Group, Ngee Ann Polytechnic or Singapore Polytechnic website for the location of each programme run. 6. Is there any validity period for the result of the Preparatory Programme? The validity period for the result is two years from the date of completion of the Preparatory Programme. Page 4 of 5 7. Is the Preparatory Programme conducted during weekday daytime, evening time or on weekends? The programme is conducted during weekday evenings (6.30pm – 10.00pm) and Saturdays (8.30am – 5.00pm). Please refer to SP Group, Ngee Ann Polytechnic or Singapore Polytechnic website for the timetable of the programme. 8. Is there any assessment for the Preparatory Programme? Yes, there will be both written and practical assessments for the Preparatory Programme. 9. Is there a certificate after completion of the Preparatory Programme? Participants who have successfully pass all theoretical and practical modules will be awarded a “Certificate of Achievement” jointly issued by SIPG and SP/NP. The “Certificate of Achievement” is required by EMA for participants without the relevant educational qualification. Participants are required to ensure that they satisfy the relevant work experience and pass the “EMA Licensing Competency Assessment” to qualify for an Electrical Technician’s License. Please refer to the EMA website for more information on application for Electrical Technician License: https://elise.ema.gov.sg/elise/newworkerapplicationservlet?lic_type=TE 10. If I fail a module, will I be given a 2nd chance to retake the assessment and what are the cost involved? Participants will be allowed to sit for a re-assessment in the subsequent run if they fail. A re-assessment fee of $53.50 applies. If they still do not pass the assessment at the second attempt, they will be required to repeat the whole module at the full fee without subsidy. 11. What is the maximum duration to complete the programme? The maximum duration to complete the programme is 2 years. 12. What is the maximum class size and how many intakes are there per year? The maximum class size per intake is 25 participants. There are two intakes each year – one in January and the second one in July. Due to an overwhelming response, we seek your understanding that your application may be placed on the waiting list upon your submission of completed application form and supporting documents. Our officers will contact you again when your application is ready for enrolment. Page 5 of 5 Last updated on 30 October 2019 Media Release - Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/7f993018-17d4-45a3-bf7d-f750fd3c267e/%5B20150929%5D+Media+Release+-+Singapore+Polytechnic+Students+Rebuild+Solar+Car+After+Setback,+Supported+By+Singapore+Power.pdf?MOD=AJPERES&CVID= 29 September 2015 News release For immediate release SINGAPORE POLYTECHNIC STUDENTS REBUILD SOLAR CAR AFTER SETBACK, SUPPORTED BY SINGAPORE POWER Singapore, 29 September 2015 – Just three weeks from departure for a prestigious international race, Singapore Polytechnic students’ chances of competing were crushed when their self-built solar car, SunSPEC4 was destroyed. Undaunted, the Singapore Polytechnic team rose to the challenge to rebuild the car, with strong support from sponsor Singapore Power. The team of 52 students and lecturers worked nights and weekends to rebuild a new vehicle in four weeks, compared to eight months for the original car. With additional funding and logistical support from Singapore Power, the team acquired and assembled parts under a highly-compressed schedule. Airfreight saved two weeks, compared to marine freight. Singapore Power alumni – all alumni of Singapore Polytechnic – also provided additional support. The polytechnic’s team is the only Singapore contender in what is considered the toughest solar car race in the world. The team will travel 3,000km from Darwin to Adelaide in six days, using only solar energy. Singapore Power is the sponsor of this initiative, through a five-year $1 million-partnership. The wide-ranging agreement will enable the Singapore Polytechnic team to compete at the biennial World Solar Challenge in 2015, 2017 and 2019. Mr Steven Chew, Team Manager and Senior Lecturer at the polytechnic’s School of Electrical and Electronic Engineering, said, “The students had worked so hard to create the solar car. Just when we were ready to unveil it and pit it against the world’s best at the World Solar Challenge, the setback took everything away. We were devastated to see 20 months of hard work totally destroyed in front of us. But we received strong encouragement from our Board and management, and the students responded by committing to rebuild the car to stay in the Challenge. This became possible when Singapore Power stepped up their sponsorship, including airfreighting the car, which shaved two weeks from the schedule.” Mr Lee Kok Kin, Singapore Power’s Head of Group Risk Management and alumni of the polytechnic, said “Singapore Power stepped up our support so that the entire production can be expedited, especially with supply of materials. We also helped to secure space for road testing. My colleagues and I, all alumni, joined the team to help where we are needed. We want to see our juniors bounce back from this setback, and are committed to supporting them with funding, time and all resources necessary.” 1 Singapore Power Group CEO Mr Wong Kim Yin said, “It is important that we support the students to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-saydie” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore’s sole entry, SunSPEC4 is the only team from a polytechnic, competing alongside leading global universities such as Stanford University, Cambridge University, and the Massachusetts Institute of Technology. The team is in the advanced Cruiser Class category of the competition which encourages the cars to be designed for practicality and acceptance in today’s market segment. Please refer to the accompanying factsheet for details on the World Solar Challenge, Singapore Polytechnic’s participation with SunSPEC4 and Singapore Power’s sponsorship. Follow the SunSPEC team’s journey on Facebook at https://www.facebook.com/TeamSunSPEC. About Singapore Power Singapore Power Group is a leading energy utility group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. More than 1.4 million industrial, commercial and residential customers in Singapore benefit from Singapore Power’s world-class transmission, distribution and market support services. The networks in Singapore are amongst the most reliable and cost-effective worldwide. For more information, please visit www.singaporepower.com.sg. About Singapore Polytechnic Established in 1954, Singapore Polytechnic is Singapore’s first polytechnic. It has 10 schools that offer 49 full-time diploma courses for close to 16,000 students. Singapore Polytechnic adopts a proven creative teaching and learning framework and offers students a holistic, authentic and industry-relevant curriculum, innovative and vibrant learning spaces, and enriching overseas programmes. The Polytechnic is committed to producing competent and versatile graduates who are also imbued with sound values, so that they can be work ready, life ready and world-ready. Singapore Polytechnic has more than 184,000 graduates and among them are successful entrepreneurs, top executives in multi-national and public-listed corporations, and well-known professionals across various industries and leaders in government. Singapore Polytechnic is the first polytechnic to be awarded the President’s Award for the Environment in 2010 and the President’s Social Service Award in 2011. Follow Singapore Polytechnic on Facebook at http://www.facebook.com/singaporepolytechnic or Twitter at http://twitter.com/SingaporePoly 2 FACT SHEET About the World Solar Challenge The World Solar Challenge is considered one of the world’s toughest solar car challenges, and regularly sees leading global universities such as Cambridge University, the Massachusetts Institute of Technology, and Stanford University participating. Participants in the Cruiser Class race some 3,000km across the breadth of Australia from Darwin to Adelaide, without a single drop of fuel and with only one mid-point charging station. Vehicles operate on actual roads, at road speeds. Singapore Polytechnic is participating in the World Solar Challenge for the third time, with SunSPEC4 as its first entrant in the Cruiser Class. About the partnership between Singapore Power and Singapore Polytechnic Singapore Power and Singapore Polytechnic announced a SGD $1 million, five-year partnership which will see the two organisations collaborate to participate at the next three editions of the World Solar Challenge in 2015, 2017 and 2019. As part of the partnership, Singapore Power will contribute building materials, subject-matter expertise, logistics and public education. Singapore Power’s key objectives for this partnership are: � � To nurture and develop the next generation of engineers and talents Sustainability – To develop energy efficiency initiatives in caring for the environment � Innovation – To promote renewables and innovation in technology developments, such as Solar Powered devices Project Overview 3 About the Team Size Background 43 students, nine lecturers and three Singapore Power engineers Multi-disciplinary team representing expertise from the schools of Electrical & Electronic Engineering; Mechanical & Aeronautical Engineering; and Digital Media & Infocomm Technology The team designed and built the original SunSpec4 over a 20-month period – from December 2013. Following a fire on 25 August 2015, the team subsequently rebuilt a new SunSPEC4 from scratch in just four weeks. Singapore Power stepped up its sponsorship to help the team stay in the race. The new SunSPEC4 was also rebuilt with the additional safety measures: � Reinforcements to strengthen solar car body � Solar panels able to follow body contour for improved aerodynamics � Improved battery system with compartmentalisation and usage of flame retardant materials � Enhanced battery management system with external fuse protection for battery system � Improved ventilation for driver and passenger � Detailed handling checklists and procedures, covering e.g. mechanical, battery, and motor subsystems About SunSPEC4 SunSPEC4 is Singapore Polytechnic’s fourth solar car, and its first two-seater model. Designed and built completely in-house, SunSPEC4 resembles a futuristic saloon car – albeit one powered solely by solar cells. In contrast to the polytechnic’s previous solar models, SunSPEC4 is designed to perform similarly to a standard commercial car in terms of speed, seating capacity, and range. Incorporating leading-edge technology throughout its engineering, many of the car’s features outperform commercial variants. For example, SunSPEC4 weights a mere 220kg – a fifth of an average 1.6 litre car, and uses thinner solar panels which are approximately 10 per cent more efficient than typical commercial versions. SunSPEC4’s drag coefficient of 0.13 is more than 50 per cent more efficient than an average passenger car. The car is Singapore Polytechnic’s most technologically advanced and highest performing model to date. 4 SunSPEC4 will be Singapore’s sole representative at the World Solar Challenge; and the only team from a polytechnic, competing alongside leading global universities such as Stanford University, Cambridge University, and the Massachusetts Institute of Technology. For the first time in Singapore Polytechnic’s participation at the World Solar Challenge, the team will be competing in the more advanced Cruiser Class. In this category, teams are encouraged to design their cars based on innovation, energy consumption, as well as practicality and acceptance from endusers. SunSPEC4 Key Specifications Dimensions Body Motor Drive System Top Speed Drag Coefficient Passenger Capacity Power Supply Unladen Weight Driving Range 4.5m (l) x1.8m (w) x 1.2m (h, max) Full carbon fibre body 2-wheel drive, powered by two – 2 kilowatt high efficiency brushless DC motor 90 – 100 km/h 0.13 1 driver and 1 passenger 122V 15 kW Li-ion battery pack – The car runs on less power than a household electric kettle 220kg - About a fifth of the weight of an average 1.6litre family sedan A single charge provides a range of 500km – enough to drive a journey from Singapore to Malacca and back 5 Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Powerhttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-Students-Rebuild-Solar-Car-After-Setback--Supported-By-Singapore-Power News Release Singapore Polytechnic Students Rebuild Solar Car After Setback, Supported By Singapore Power   Singapore, 29 September 2015 – Just three weeks from departure for a prestigious international race, Singapore Polytechnic students’ chances of competing were crushed when their self-built solar car, SunSPEC4 was destroyed. Undaunted, the Singapore Polytechnic team rose to the challenge to rebuild the car, with strong support from sponsor Singapore Power. The team of 52 students and lecturers worked nights and weekends to rebuild a new vehicle in four weeks, compared to eight months for the original car. With additional funding and logistical support from Singapore Power, the team acquired and assembled parts under a highly-compressed schedule. Airfreight saved two weeks, compared to marine freight. Singapore Power alumni – all alumni of Singapore Polytechnic – also provided additional support. The polytechnic’s team is the only Singapore contender in what is considered the toughest solar car race in the world. The team will travel 3,000km from Darwin to Adelaide in six days, using only solar energy. Singapore Power is the sponsor of this initiative, through a five-year $1 million-partnership. The wide-ranging agreement will enable the Singapore Polytechnic team to compete at the biennial World Solar Challenge in 2015, 2017 and 2019. Mr Steven Chew, Team Manager and Senior Lecturer at the polytechnic’s School of Electrical and Electronic Engineering, said, “The students had worked so hard to create the solar car. Just when we were ready to unveil it and pit it against the world’s best at the World Solar Challenge, the setback took everything away. We were devastated to see 20 months of hard work totally destroyed in front of us. But we received strong encouragement from our Board and management, and the students responded by committing to rebuild the car to stay in the Challenge. This became possible when Singapore Power stepped up their sponsorship, including airfreighting the car, which shaved two weeks from the schedule.” Mr Lee Kok Kin, Singapore Power’s Head of Group Risk Management and alumni of the polytechnic, said “Singapore Power stepped up our support so that the entire production can be expedited, especially with supply of materials. We also helped to secure space for road testing. My colleagues and I, all alumni, joined the team to help where we are needed. We want to see our juniors bounce back from this setback, and are committed to supporting them with funding, time and all resources necessary.” Singapore Power Group CEO Mr Wong Kim Yin said, “It is important that we support the students to help them overcome the setback. Against all odds, they have committed themselves to stay in the World Solar Challenge. We must nurture this resilient, “never-say-die” spirit in our younger generation. Singapore can be proud of our SunSPEC team as they hold our flag high in Australia!” Besides being Singapore’s sole entry, SunSPEC4 is the only team from a polytechnic, competing alongside leading global universities such as Stanford University, Cambridge University, and the Massachusetts Institute of Technology. The team is in the advanced Cruiser Class category of the competition which encourages the cars to be designed for practicality and acceptance in today’s market segment. Please refer to the accompanying factsheet for details on the World Solar Challenge, Singapore Polytechnic’s participation with SunSPEC4 and Singapore Power’s sponsorship. Follow the SunSPEC team’s journey on Facebook at https://www.facebook.com/TeamSunSPEC. About Singapore Power Singapore Power Group is a leading energy utility group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. More than 1.4 million industrial, commercial and residential customers in Singapore benefit from Singapore Power’s world-class transmission, distribution and market support services. The networks in Singapore are amongst the most reliable and cost-effective worldwide. For more information, please visit www.singaporepower.com.sg. About Singapore Polytechnic Established in 1954, Singapore Polytechnic is Singapore’s first polytechnic. It has 10 schools that offer 49 full-time diploma courses for close to 16,000 students. Singapore Polytechnic adopts a proven creative teaching and learning framework and offers students a holistic, authentic and industry-relevant curriculum, innovative and vibrant learning spaces, and enriching overseas programmes. The Polytechnic is committed to producing competent and versatile graduates who are also imbued with sound values, so that they can be work ready, life ready and world-ready. Singapore Polytechnic has more than 184,000 graduates and among them are successful entrepreneurs, top executives in multi-national and public-listed corporations, and well-known professionals across various industries and leaders in government. Singapore Polytechnic is the first polytechnic to be awarded the President’s Award for the Environment in 2010 and the President’s Social Service Award in 2011. Follow Singapore Polytechnic on Facebook at http://www.facebook.com/singaporepolytechnic or Twitter at http://twitter.com/SingaporePoly   FACT SHEET About the World Solar Challenge The World Solar Challenge is considered one of the world’s toughest solar car challenges, and regularly sees leading global universities such as Cambridge University, the Massachusetts Institute of Technology, and Stanford University participating. Participants in the Cruiser Class race some 3,000km across the breadth of Australia from Darwin to Adelaide, without a single drop of fuel and with only one mid-point charging station. Vehicles operate on actual roads, at road speeds. Singapore Polytechnic is participating in the World Solar Challenge for the third time, with SunSPEC4 as its first entrant in the Cruiser Class. About the partnership between Singapore Power and Singapore Polytechnic Singapore Power and Singapore Polytechnic announced a SGD $1 million, five-year partnership which will see the two organisations collaborate to participate at the next three editions of the World Solar Challenge in 2015, 2017 and 2019. As part of the partnership, Singapore Power will contribute building materials, subject-matter expertise, logistics and public education. Singapore Power’s key objectives for this partnership are: To nurture and develop the next generation of engineers and talents Sustainability – To develop energy efficiency initiatives in caring for the environment Innovation – To promote renewables and innovation in technology developments, such as Solar Powered devices Project Overview About the Team   Size:  43 students, nine lecturers and three Singapore Power engineers Background : Multi-disciplinary team representing expertise from the schools of Electrical & Electronic Engineering; Mechanical & Aeronautical Engineering; and Digital Media & Infocomm Technology The team designed and built the original SunSpec4 over a 20-month period – from December 2013. Following a fire on 25 August 2015, the team subsequently rebuilt a new SunSPEC4 from scratch in just four weeks. Singapore Power stepped up its sponsorship to help the team stay in the race. The new SunSPEC4 was also rebuilt with the additional safety measures: Reinforcements to strengthen solar car body Solar panels able to follow body contour for improved aerodynamics Improved battery system with compartmentalisation and usage of flame retardant materials Enhanced battery management system with external fuse protection for battery system Improved ventilation for driver and passenger Detailed handling checklists and procedures, covering e.g. mechanical, battery, and motor subsystems About SunSPEC4   SunSPEC4 is Singapore Polytechnic’s fourth solar car, and its first two-seater model. Designed and built completely in-house, SunSPEC4 resembles a futuristic saloon car – albeit one powered solely by solar cells. In contrast to the polytechnic’s previous solar models, SunSPEC4 is designed to perform similarly to a standard commercial car in terms of speed, seating capacity, and range. Incorporating leading-edge technology throughout its engineering, many of the car’s features out-perform commercial variants. For example, SunSPEC4 weights a mere 220kg – a fifth of an average 1.6 litre car, and uses thinner solar panels which are approximately 10 per cent more efficient than typical commercial versions. SunSPEC4’s drag coefficient of 0.13 is more than 50 per cent more efficient than an average passenger car. The car is Singapore Polytechnic’s most technologically advanced and highest performing model to date. SunSPEC4 will be Singapore’s sole representative at the World Solar Challenge; and the only team from a polytechnic, competing alongside leading global universities such as Stanford University, Cambridge University, and the Massachusetts Institute of Technology. For the first time in Singapore Polytechnic’s participation at the World Solar Challenge, the team will be competing in the more advanced Cruiser Class. In this category, teams are encouraged to design their cars based on innovation, energy consumption, as well as practicality and acceptance from end-users. SunSPEC4 Key Specifications Dimensions: 4.5m (l) x1.8m (w) x 1.2m (h, max) Body: Full carbon fibre body Motor Drive System: 2-wheel drive, powered by two – 2 kilowatt high efficiency brushless DC motor Top Speed: 90 – 100 km/h Drag Coefficient: 0.13 Passenger Capacity: 1 driver and 1 passenger Power Supply: 122V 15 kW Li-ion battery pack – The car runs on less power than a household electric kettle Unladen Weight: 220kg  - About a fifth of the weight of an average 1.6litre family sedan Driving Range: A single charge provides a range of 500km – enough to drive a journey from Singapore to Malacca and back Searchhttps://www.spgroup.com.sg/search?tag=solar Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-And-SP-Group-Launch-Next-Generation-Solar-Car-For-World-Solar-Challenge-2017 Media Release Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5 Solar Power – Generators.pdfhttps://www.spgroup.com.sg/dam/jcr:bbfb030c-0d8e-422c-8eab-8cd4a3d5ee9e/Solar%20Power%20%E2%80%93%20Generators.pdf Solar PV – User Guide for Generators Table of Contents 1. Introduction ................................................................................................................................... 2 2. Electricity Generation Licence Searchhttps://www.spgroup.com.sg/search?tag=solar Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-And-SP-Group-Launch-Next-Generation-Solar-Car-For-World-Solar-Challenge-2017 Media Release Searchhttps://www.spgroup.com.sg/search?tag=solar Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-And-SP-Group-Launch-Next-Generation-Solar-Car-For-World-Solar-Challenge-2017 Media Release [Info] Solar Power - Non-Residential Consumers (Master-Sub Write Up)https://www.spgroup.com.sg/dam/jcr:87dc48a7-69d6-4909-9f4e-d6a01a14492d/%20Solar%20Power%20%E2%80%93%20Non-Residential%20Consumers%20(Master-Sub%20Write%20Up).pdf Solar Power – Non-Residential Consumers (Master-Sub Write Up) Background 1 Master-sub scheme is a metering arrangement whereby the common services consumption is a derived figure: • Master-meter measures overall electricity consumed by the building (i.e. both the individual units and the common [Guide] Solar Power Generators.pdfhttps://www.spgroup.com.sg/dam/jcr:bbfb030c-0d8e-422c-8eab-8cd4a3d5ee9e/%5BGuide%5D%20Solar%20Power%20Generators.pdf Solar PV – User Guide for Generators Table of Contents 1. Introduction ................................................................................................................................... 2 2. Electricity Generation Licence Solar Power – Non-Residential Consumers.pdfhttps://www.spgroup.com.sg/dam/jcr:b1e9028b-349f-4e42-ab04-f83f618477f9/Solar%20Power%20%E2%80%93%20Non-Residential%20Consumers.pdf Solar PV – User Guide for Non-Residential Consumers Table of Contents 1. Introduction ................................................................................................................................... 2 2. Electricity Generation Licence [Guide] Solar Power Non-Residential Consumers.pdfhttps://www.spgroup.com.sg/dam/jcr:b1e9028b-349f-4e42-ab04-f83f618477f9/%5BGuide%5D%20Solar%20Power%20Non-Residential%20Consumers.pdf Solar PV – User Guide for Non-Residential Consumers Table of Contents 1. Introduction ................................................................................................................................... 2 2. Electricity Generation Licence Searchhttps://www.spgroup.com.sg/search?tag=sunspec Search Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challenge 2017https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Polytechnic-And-SP-Group-Launch-Next-Generation-Solar-Car-For-World-Solar-Challenge-2017 Media Release Solar Power – Residential Consumers.pdfhttps://www.spgroup.com.sg/dam/jcr:f9c85889-9b43-4312-a3fc-5a5bcc55aaa6/Solar%20Power%20%E2%80%93%20Residential%20Consumers.pdf Solar PV – User Guide for Residential Consumers Table of Contents 1. Introduction ................................................................................................................................... 2 2. Electricity Generation Licence [Guide] Solar Power Residential Consumers.pdfhttps://www.spgroup.com.sg/dam/jcr:f9c85889-9b43-4312-a3fc-5a5bcc55aaa6/%5BGuide%5D%20Solar%20Power%20Residential%20Consumers.pdf Solar PV – User Guide for Residential Consumers Table of Contents 1. Introduction ................................................................................................................................... 2 2. Electricity Generation Licence 1 2 3 4 5 ..... 36 [20170721] Media Release - Singapore Polytechnic And SP Group Launch Next-Generation Solar Car For World Solar Challengehttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8769a10c-aa3a-44b3-b14b-8a58b69185d5/%5B20170721%5D+Media+Release+-+Singapore+Polytechnic+And+SP+Group+Launch+Next-Generation+Solar+Car+For+World+Solar+Challenge.pdf?MOD=AJPERES&CVID= MEDIA RELEASE Singapore Polytechnic and SP Group launch next-generation solar car for World Solar Challenge 2017 SP Group adds $2 million sponsorship to groom engineering talent Singapore, 21 July 2017 – Singapore Polytechnic and SP Group today unveiled their most advanced solar car, SunSPEC 5, designed and built by the polytechnic’s students to take part in the biennial World Solar Challenge 2017 in Australia this October. SP Group’s sponsorship of $1 million over 5 years for the team’s participation supports the students in developing innovative green technologies. Three SP Group staff, who are SunSPEC alumni, will also join this year’s team to contribute skills and experience, and serve as mentors to the current student cohort. The SunSPEC 5 edition follows the creation of its predecessor SunSPEC4 in 2015, also supported by SP Group, which beat challenging odds to participate in the race (see Annex 1). It is Singapore’s sole entry in the World Solar Challenge, considered one of the world’s toughest and most competitive solar car races, alongside leading global universities such as the Massachusetts Institute of Technology and Stanford University. The SunSPEC team is competing in the advanced Cruiser Class category which focuses on sustainable transport solutions and will test the car’s practicality and responsiveness to real-world challenges. This year’s car represents another significant stride towards commercially viable applications of solar and energy storage technology. It has leapt forward with integrated dashboard telemetry, a commercial vehicle lighting system and improvements to safety and ride comfort such as sports seats and adjustable steering positions. Over the past two years, more than 60 students across various Singapore Polytechnic Engineering diploma courses have pushed their knowledge and skills to new heights by designing and building two solar cars to withstand the arduous road trip over 3,000km in the Australian outback from Darwin to Adelaide. Besides learning to integrate their different disciplines, such as electrical & electronic engineering, energy systems & management, mechatronics and robotics, the experience hones resilience, creativity and the ability to solve practical problems. $2 million SP Group education sponsorship for Singapore Polytechnic’s SunSPEC engineering students To help develop a core pool of engineers who are ready to drive solutions for a sustainable future, Singapore Polytechnic and SP Group inked a three-year Memorandum of Understanding (MOU), valued at $2 million. This includes the SunSPEC polytechnic and university sponsorships for students who are part of the solar car team. They will secure job placements before they graduate and undergo a customised training programme including theory and on-the-job exposure in critical areas such as electricity and gas planning and operations. Seow Jing Woon, a third-year student from the Diploma in Mechatronics & Robotics, who received the SunSPEC Polytechnic sponsorship, said, “The solar car project enabled me to work with industry mentors, hone my engineering skills, and produce innovative sustainable solutions for the future.” SP Group’s Head of Corporate Affairs, Ms Amelia Champion, who has journeyed with the solar car team since the start of the partnership in 2015, said, “The spirit of innovation, resilience and passion among the students is unwavering from one cohort to the next. They have outdone themselves in delivering the latest SunSPEC solar car, which has pushed the boundaries in engineering and green technology.” Please refer to Annexes for more details: 1) Annex 1: SunSPEC and World Solar Challenge 2) Annex 2: Factsheet on SunSPEC 5 3) Annex 3: Details on MOU between Singapore Polytechnic and SP Group 4) Annex 4: Key Terms in Chinese Follow the SunSPEC team’s journey on Facebook at https://www.facebook.com/TeamSunSPEC. SP Group staff and Singapore Polytechnic alumni Leow Wei Lin, with Singapore Polytechnic student Sheryl Choo and the SunSPEC 5 solar car. Singapore Polytechnic Engineering students in the SunSPEC 5 solar car team. For high-resolution photos, please download them from: https://www.dropbox.com/sh/uakn2geq577pncy/AABUWuoCTVLNlOV_1ISOeL5Va?dl=0 Photo credits to SP Group About Singapore Polytechnic (www.sp.edu.sg) Established in 1954, Singapore Polytechnic (SP) is Singapore’s first polytechnic. It has 10 schools that offer 46 full-time courses for close to 16,000 students. SP adopts a proven creative teaching and learning framework and offers students a holistic, authentic and industry-relevant curriculum, innovative and vibrant learning spaces, and enriching overseas programmes. The Polytechnic is committed to producing competent and versatile graduates who are also imbued with sound values, so that they can be work ready, life ready and world-ready. SP has more than 195,000 graduates and among them are successful entrepreneurs, top executives in multi-national and public-listed corporations, and well-known professionals across various industries and leaders in government. SP clinched the inaugural ASEAN People’s Award in 2015 for its contributions toward the region’s community-building efforts. SP is also the first polytechnic to be awarded the President’s Award for the Environment in 2010 and the President's Social Service Award in 2011. Follow SP on Facebook at http://www.facebook.com/singaporepolytechnic and Twitter and Instagram at @singaporepoly. About SP Group SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. More than 1.4 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. For more information, please visit spgroup.com.sg or follow us on Facebook at fb.com/SPGroupSG. Annex 1 SunSPEC 4 Rises From The Ashes It was a near-miracle that SunSPEC 5’s predecessor, SunSPEC 4, took to the roads at the 2015 World Solar Challenge. SunSPEC 4 was destroyed in a fire on 25 August 2015, just three weeks before it was scheduled to be shipped off to Darwin, Australia, for the race flag-off. Undaunted, the Singapore Polytechnic team of 52 students and lecturers worked through nights and weekends to rebuild a new vehicle in four weeks, compared to eight months for the original car. With additional funding and logistical support from SP Group, the team acquired and assembled parts under a highly-compressed schedule. Airfreight saved an extra two weeks, compared to marine freight. SP Group staff – all alumni of Singapore Polytechnic – also provided additional support and mentorship before and during the race in Australia. SP Group recognised the tenacity, determination and passion of the students towards this project and launched the SunSPEC Polytechnic & University Sponsorship scheme, specifically for Singapore Polytechnic students involved with SunSPEC4 and for two subsequent editions of the solar car. About the partnership between SP Group and Singapore Polytechnic SP Group and Singapore Polytechnic formalised a SGD $1 million, five-year partnership for the two organisations to collaborate in participating at the World Solar Challenge in 2015, 2017 and 2019. SP Group is contributing funding, manpower, subject-matter expertise, logistics and public education. Singapore Power’s key objectives for this partnership are: • Nurture and develop the next generation of engineering talent • Innovative sustainable solutions – develop energy-efficiency initiatives and promote the use of renewable and green technology such as solar powered applications and energy storage systems. About the World Solar Challenge The World Solar Challenge is considered one of the world’s toughest solar car challenges, and regularly sees leading global universities such as Cambridge University, the Massachusetts Institute of Technology, and Stanford University participating. The SunSPEC team is competing in the advanced Cruiser Class category which focuses on sustainable transport solutions and will test the car’s practicality and responsiveness to real-world challenges. Participants in this Class race undergo the arduous road trip over 3,000km in the Australian outback from Darwin to Adelaide, using mainly power from the sun, with minimal grid charging. Vehicles operate on actual roads, at road speeds. Annex 2 About the Team & SunSPEC 5 Size Background 35 students, 12 lecturers and 3 SP Group staff Multi-disciplinary team representing expertise from the schools of Electrical & Electronic Engineering; Mechanical & Aeronautical Engineering; Digital Media & Infocomm Technology and Communication, Arts & Social Sciences The team designed and built SunSPEC 5 over a 20-month period – from December 2015. SunSPEC 5 is Singapore Polytechnic’s fifth solar car, and its second two-seater model. Designed and built completely in-house, SunSPEC 5 resembles a futuristic saloon car – albeit one powered by solar cells and batteries. In contrast to the polytechnic’s previous solar models, SunSPEC 5 is designed to perform similarly to a standard commercial car in terms of speed, seating capacity, and range. Incorporating leading-edge technology throughout its engineering, many of the car’s features out-perform commercial variants. For example, SunSPEC 5 weighs a mere 330kg (unladen) – a quarter of an average 1.6-litre car. SunSPEC 5’s drag coefficient of 0.13 is more than 2.5 times more efficient than an average passenger car. SunSPEC 5 uses ultra-low rolling resistance tires which are 6 times more efficient than regular car tires. The car is Singapore Polytechnic’s most technologically advanced and highest performing model to date. This year, SunSPEC 5 will feature new innovative green technologies, including being fitted with ultra-high efficiency silicon solar cells which are more efficient than those used in 2015. The flexible solar panel encapsulation has very low loss and allows the car to absorb indirect sunlight, thereby maintaining cell efficiency. The flexible solar panel is also able to conform to the shape of car for better aerodynamics. SunSPEC 5 is equipped with very efficient Maximum Power Point Trackers to maximise solar array. It is installed with a custom-designed telemetry system to monitor the car’s parameters, allowing team to optimise vehicle performance. The car also features a cruise control mode, which reduces driver fatigue, minimises variation in speeds under manual control, and improves vehicle performance. SunSPEC 5 will be Singapore’s sole representative at the World Solar Challenge; and the only team from a polytechnic, competing alongside leading global universities such as Stanford University and the Massachusetts Institute of Technology. For the second time in Singapore Polytechnic’s participation at the World Solar Challen

TAKING HEART SP Group donates S$1.35m to support 450 disadvantaged ITE students It will send students on work-study stints in power grids, sustainable energy, new tech. BY MEGAN CHEAH SINGAPORE utility group SP Group is donating S$1.35 million to support 450 engineering school students in the Institute of Technical Education (ITE) through the inaugural SP Group Engineering Study Awards. The funds will be disbursed monthly to the students, who come from low-income families, over the next 3 years, the group said Launched on Tuesday (Apr 12), the new awards will complement existing book prizes for ITE’s electrical engineering students offered by the group. The group is working with ITE to send students on work-study stints in areas such as power grids, sustainable energy, and new technologies. It also links students up with SP Group’s engineers, who serve as mentors. The group noted that more than 16 per cent of its 3,600 staff are ITE alumni. Among them, close to 60 per cent went on to pursue further education and attained diplomas or degrees. Stanley Huang, group chief executive officer (CEO) of SP Group, said the group is committed to encouraging youth to pursue their career aspirations regardless of their socio-economic background. “ITE has provided many of our technical officers and technicians a strong foundation to grow their engineering capabilities,” he added. ITE CEO Low Khah Gek said the study award will enable students with financial needs to take on fewer part-time jobs and Left and above: ITE students and SP Powergrid staff. The funds from the SP Group Engineering Study Awards will be disbursed monthly to 450 ITE students over the next 3 years. PHOTOS: SP GROUP focus on their education. One such award recipient is Jackie Lim, a first-year Nitec mechatronics and robotics student who works part-time at a supermarket to help with his family’s expenses. “I am happy to receive the study award, because it means I do not need to keep thinking about having to work more hours and can instead focus more time on school,” said Lim. For over 20 years, SP Group has awarded more than 450 education scholarships, sponsorships and book prizes, amounting to S$10 million, to students with a passion for engineering across all tertiary education institutions. megancheah@sph.com.sg

SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Always Here for You RELIABILITY Life should be free of interruption. But when it happens, we know what it means for you to have things back to normal without delay. Our officers stand by 24/7 to respond immediately, should electricity or gas supply be disrupted, regardless of the cause. Our priority is always to restore supply as safely and quickly as possible so that inconvenience to customers is minimised. Singapore’s power network is ranked one of the most reliable in the world. In 2016/17, customers experienced an average of 0.25 minute of electricity interruption. That year, 98 per cent of all electricity interruptions were restored within just 2 hours, and 90 per cent in an hour. Our officers stand by at major events, like National Day Parade 2017, to ensure reliable power supply. Our engineers working on the cross-island Transmission Cable Tunnel project, which offers a cost-effective long-term solution for reliable electricity supply in Singapore. Restoration Time Customers experienced an average of 0.25 minute of electricity interruption in 2016/17. Source: DNV.GL Electricity Network Performance Benchmarking Customers in Singapore experienced 0.56 minute of electricity interruption in 2015/16, compared to an average of 10.19 minutes in top 5 performing cities \nSource: DNV.GL Grid Price and Performance Benchmarking Report 2016 We continually monitor, maintain and renew our infrastructure, with the latest techniques and technology, to meet the nation’s growing power needs and ensure long-term reliability and efficiency. We have systems in place to detect and avert abnormalities as much as possible.  We are building capabilities today, to power the lives of generations to come. TAGS RELIABILITYYEAR IN REVIEW 2017 YOU MIGHT BE INTERESTED TO READ How this 'grid doctor' maintains the health of Singapore's electricity network so everything stays on Ground feedback, digital tools: How she helps 8,000 workers end their day safely Faster repairs, fewer disruptions: Meet the innovative teams using smart tech to keep your piped gas supply flowing

Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search SP Group Chinahttps://www.spgroup.com.sg/about-us/international/china OverviewChinaVietnamThailandAustralia China With China leading sustainable development on the global stage, this presents a new growth engine for SP Group to deploy district cooling, heating and integrated energy solutions to meet customers' sustainability goals. Following our first foray in China in 2015 and partnerships taking root in major cities, we have built up a strong project pipeline and set up three offices - in Shanghai as headquarters, Guangzhou and Chongqing. Visit our China website Raffles City Chongqing SP Group [SP] inked a 20-year deal in 2015 to design, build, own and operate a district heating and cooling system for CapitaLand's Raffles City Chongqing, an iconic integrated development comprising a shopping mall, a hotel, office towers, residences and service residences. SP's operations commenced in September 2019, enabling Raffles City Chongqing to reduce energy consumption by more than 40 per cent, compared to conventional building chiller plants. Chongqing Sino-Singapore Energy Services In 2021, SP Group acquired a 40 per cent stake in Sino-French Energy Services Co. Ltd (SFES) in Chongqing to form Sino-Singapore Energy Services Co. Ltd (SSES). This is SP's first acquisition of energy assets in China, growing the company's China presence with sustainable energy solutions.​ SSES is the market leader for Combined Cooling Heating and Power (CCHP) solutions in Chongqing. It operates CCHP solutions deployed in three of the city's hospitals as well as a district cooling and heating plant that serves the Chongqing Danzishi Central Business District.​ The acquisition strengthens SP's district cooling and heating presence in Chongqing and expands our capabilities in CCHP offerings as we grow our sustainable energy solutions in China. Guangzhou Knowledge City SP Group is working with the Sino-Singapore Guangzhou Knowledge City Investment and Development Co. Ltd to provide district cooling and heating, and smart energy solutions at the China-Singapore Guangzhou Knowledge City [GKC]. The implementation of district cooling and heating networks, and other sustainable energy solutions such as solar, energy storage, energy efficiency and integrated energy management systems will enable GKC to enjoy substantial energy and cost savings. This will translate to a cleaner and more sustainable energy future for GKC and for Guangzhou city. State Grid Chongqing Integrated Energy Services SP Group and State Grid Chongqing Integrated Energy Services formed a partnership to jointly develop integrated energy projects that deliver smart, efficient energy management solutions. This is aimed at meeting the evolving operational needs and green targets of customers in Chongqing, China. Through this collaboration both parties aim to drive innovation and capabilities towards achieving carbon neutrality for the city by providing customers with a comprehensive suite of clean and efficient energy solutions. Smart Eco-District In Chengdu SP Group is partnering the People's Government of Wuhou District, Chengdu, to transform the largest of five city centre districts in Chengdu, to a smart eco-district. SP will serve as the sustainable energy solutions partner to the district government and support the city's roadmap to carbon neutrality by developing and implementing technologies and digital solutions such as advanced data analytics and artificial intelligence tools. In the first phase under the partnership, SP will design, build, own and operate an integrated energy solution that includes district cooling and heating system, smart metering, energy management and monitoring for the International Urban Design Centre [IUDC] in Wuhou over the next 25 years. The solution will provide IUDC with real-time insights on their energy and utilities usage data to help them optimise building performance, energy efficiency and comfort for end-users. Photo credit: Three Kingdoms Themed Innovation Park Management Committee of Wuhou District, Chengdu. Agrivoltaics in Dabu County, Guangdong Province SP Group’s first investment in agrivoltaic assets in Guangdong province combines agriculture with solar power generation through efficient land use. Spanning four agricultural sites in Dabu County, Meizhou City, the project taps SP’s expertise in renewable energy to bolster China’s green transition efforts. The 78 megawatt-peak (MWp) solar-plus storage project, when completed in end-2024, will integrate solar photovoltaics with 7.8 MWh battery energy storage systems to enhance grid stability and resilience. The solar assets are expected to contribute 91.3 Gigawatt-hours (GWh) of clean electricity annually to the power grid and reduce over 91,000 tonnes of carbon dioxide emissions each year. To enhance the system’s performance in the long run, SP will also implement digital management solutions to optimise solar energy generation and yield using comprehensive insights and data. Guangdong Lingxiao Pump Industry SP Group’s first Building Integrated Photovoltaic (BIPV) project in China at Guangdong Lingxiao Pump Industry drives clean power generation while saving costs. Spanning an area of 17,000m2, the 4 megawatt-peak (MWp) BIPV rooftop solar system generates solar energy while doubling as a shelter for a carpark that can house 400 cars. The project also extends the rooftop’s lifespan through state-of-the-art thermal insulation technology and a weather-resistant design. Tapping SP’s renewable energy expertise, Guangdong Lingxiao, a global leader in water pumping solutions, is expected to deliver a total of 110 million kWh of clean power over 25 years, or an average of 4.36 million kWh annually. The partnership is also slated to reduce total carbon emissions by nearly 4,500 tonnes each year. Aquavoltaics in Qingdao SP Group and Qingdao Daneng Environmental Protection Equipment Co. Ltd (Qingda Environment) have partnered up to build a 90-Megawatt (MW) aquavoltaic farm that is projected to produce 162 million kilowatt-hours of green electricity annually. The farm will be connected to a hydrogen production facility that will sustainably power Shandong’s first green hydrogen production plant in Qingdao City. The installation of solar photovoltaic (PV) panels across 300 acres – or around 161 soccer fields – of an aquafarm will optimise the land for solar power generation. The project, which could potentially reduce carbon emissions by 160,000 tonnes, is expected to boost Qingda Environment’s sustainability efforts while delivering significant energy and cost savings. International Sports Park City SP Group (SP) has secured the bid to design, build, own and operate a state-of-the-art district cooling and heating system for the new International Sports Park City in Chengdu, China. The project will be SP’s first deployment of an ice thermal energy storage system in China that will provide uninterrupted chilled water supply for cooling services on demand. When operational in 2025, the solution will enable the International Sports Park City – an integrated development with commercial, residential and leisure spaces – to enjoy greater energy efficiency of over 30 per cent for cooling and over 50 per cent for heating. This translates to annual savings of 2,900 Megawatt-hour (MWh) of electricity and reduction of 1,700 tonnes in carbon emissions. With an installed cooling capacity of 9,800 refrigeration tons (RT), this project will be SP’s largest district cooling system in Chengdu, China. Shudu Center SP Group (SP) has acquired Shudu Center’s existing chiller plant to provide the mixed-use development with centralised cooling and heating. As part of the project, SP upgraded the original set-up to a 7,000 refrigeration-tonne (RT) cooling and heating system that serves seven commercial, retail, and office buildings within the 4,400 square metre-complex. The process is enabled by an energy-efficient ice thermal energy storage system that pipes chilled water to cool spaces when electricity demand is high. The solution includes a digital management platform for building owners to remotely track operations and quickly identify areas for maintenance when necessary. There are also space provisions for a further 7,000RT expansion into adjacent developments to provide more sustainable ways of cooling in the surrounding areas. Chongqing East Railway Station Sino-Singapore Energy Services, a joint venture between SP Group and Chongqing Gas Group, is the integrated energy system operator for Chongqing East Railway Station, the largest high-speed railway hub in Western China. The project marks the first time a major high-speed railway hub in the country has appointed a professional third-party energy services provider to manage its energy systems. The integrated energy system spans 360,000 square metres and features a trigeneration setup — combining natural gas-powered electricity generation with high-efficiency chillers to provide cooling, heating and electricity. This includes a cooling and heating capacity of nearly 14,000 refrigeration tonnes. The system also reduces energy consumption by 15% each year and lowers carbon emissions by approximately 9,400 tonnes per year. Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Power-To-Build-Advanced-Energy-Efficient-Cooling-Network-For-Capitaland-s-Raffles-City-Chongqing Media Release Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqing Landmark agreement marks Singapore Power’s first district cooling network in China Singapore, 20 May 2015 – Singapore Power (SP) today signed an agreement with CapitaLand Limited (CapitaLand) for the delivery of district cooling for Raffles City Chongqing. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing. The district cooling system will deliver high-quality air conditioning services to consumers through an integrated underground pipe network. 2. Singapore Power’s advanced energy-efficient cooling network is expected to deliver up to 50% cost savings in energy consumption, compared to conventional building chiller plants. Raffles City Chongqing will enjoy lower energy usage with about S$30 million savings over 20 years. Tenants of Raffles City Chongqing will enjoy the same round-the- clock availability and high reliability as the consumers in Marina Bay Singapore. 3. Mr Wong Kim Yin, Group CEO of Singapore Power, said, “Singapore Power is excited to partner CapitaLand for Raffles City Chongqing. With our expertise in advanced energy-efficient cooling networks, we are confident Raffles City Chongqing will set a new benchmark in sustainability. Advanced energy-efficient cooling networks are uniquely suited to serve China’s drive towards urbanisation and clean development. Singapore Power will grow this business with high priority, leveraging our advanced engineering capabilities and our successful track in Marina Bay Singapore.” 4. Mr Lim Ming Yan, President & Group CEO of CapitaLand Limited, said: “CapitaLand is one of the pioneer adopters of green building standards because we strongly believe sustainability is a continuous process that is integral to our business. As internationally recognised urban icons of excellence, Raffles City developments attest to CapitaLand’s commitment to develop user-centric built environments to improve the economic, environmental and social well-being of our stakeholders. We look forward to partnering Singapore Power in implementing this advanced energy-efficient district cooling system at Raffles City Chongqing – the single biggest development in Chongqing to date to adopt the system – which will enable us to avoid incurring about S$30 million in utility cost over 20 years and eventually benefit our tenants in the long run.” 5. Singapore Power has a strong track record in delivering advanced energy-efficient cooling services to developments at the Marina Bay business district since May 2006. With extensive development capabilities in designing, construction and commissioning, its district cooling footprint spans a service area of 1.6 million m2, including commercial, hotels, apartments, office and retail buildings. Leveraging its advanced engineering and technology, SP has delivered up to 50% energy savings compared to in-building chiller systems. --- About Singapore Power Singapore Power Group (SP) is a leading energy utility group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia. More than 1.4 million industrial, commercial and residential customers in Singapore benefit from SP’s world-class transmission, distribution and market support services. The networks in Singapore are amongst the most reliable and cost-effective worldwide. For more information, please visit www.singaporepower.com.sg. About CapitaLand Limited CapitaLand Limited is one of Asia’s largest real estate companies headquartered and listed in Singapore. The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. The company also has one of the largest real estate fund management businesses with assets located in Asia. CapitaLand’s listed real estate investment trusts are Ascott Residence Trust, CapitaLand Commercial Trust, CapitaLand Mall Trust, CapitaLand Retail China Trust and CapitaMalls Malaysia Trust. Issued by: Singapore Power Limited 10 PasirPanjang Road #03-01 Mapletree Business City Singapore 117438 Co. RegNo : 199406577N www.singaporepower.com.sg -- End -- Media Release - Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqinghttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/b786435d-a2d8-41c9-a16a-e3c18a5a56ca/%5B20150520%5D+Media+Release+-+Singapore+Power+To+Build+Advanced+Energy+Efficient+Cooling+Network+For+Capitaland's+Raffles+City+Chongqing.pdf?MOD=AJPERES&CVID= 20 May 2015 News Release For immediate release SINGAPORE POWER TO BUILD ADVANCED ENERGY-EFFICIENT COOLING NETWORK FOR CAPITALAND’S RAFFLES CITY CHONGQING Landmark agreement marks Singapore Power’s first district cooling network in China Singapore, 20 May 2015 – Singapore Power (SP) today signed an agreement with CapitaLand Limited (CapitaLand) for the delivery of district cooling for Raffles City Chongqing. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing. The district cooling system will deliver high-quality air conditioning services to consumers through an integrated underground pipe network. 2. Singapore Power’s advanced energy-efficient cooling network is expected to deliver up to 50% cost savings in energy consumption, compared to conventional building chiller plants. Raffles City Chongqing will enjoy lower energy usage with about S$30 million savings over 20 years. Tenants of Raffles City Chongqing will enjoy the same round-theclock availability and high reliability as the consumers in Marina Bay Singapore. 3. Mr Wong Kim Yin, Group CEO of Singapore Power, said, “Singapore Power is excited to partner CapitaLand for Raffles City Chongqing. With our expertise in advanced energy-efficient cooling networks, we are confident Raffles City Chongqing will set a new benchmark in sustainability. Advanced energy-efficient cooling networks are uniquely suited to serve China’s drive towards urbanisation and clean development. Singapore Power will grow this business with high priority, leveraging our advanced engineering capabilities and our successful track in Marina Bay Singapore.” 4. Mr Lim Ming Yan, President & Group CEO of CapitaLand Limited, said: “CapitaLand is one of the pioneer adopters of green building standards because we strongly believe sustainability is a continuous process that is integral to our business. As internationally recognised urban icons of excellence, Raffles City developments attest to CapitaLand’s commitment to develop user-centric built environments to improve the economic, environmental and social well-being of our stakeholders. We look forward to partnering Singapore Power in implementing this advanced energy-efficient district cooling system at Raffles City Chongqing – the single biggest development in Chongqing to date to adopt the system – which will enable us to avoid incurring about S$30 million in utility cost over 20 years and eventually benefit our tenants in the long run.” 1 5. Singapore Power has a strong track record in delivering advanced energy-efficient cooling services to developments at the Marina Bay business district since May 2006. With extensive development capabilities in designing, construction and commissioning, its district cooling footprint spans a service area of 1.6 million m 2 , including commercial, hotels, apartments, office and retail buildings. Leveraging its advanced engineering and technology, SP has delivered up to 50% energy savings compared to in-building chiller systems. --- Media contacts: Evelyn Yeo, Edelman • Phone: +65 6347 2359 or +65 9367 6017 • Email: evelyn.yeo@edelman.com Warren Wu, Corporate Affairs, Singapore Power Ltd • Phone: +65 6378 8779 or +65 9170 0175 • Email: warrenwu@singaporepower.com.sg Tan Bee Leng, Head, Group Communications, CapitaLand Limited • Phone: +65 6713 2871 • Email: tan.beeleng@capitaland.com About Singapore Power Singapore Power Group (SP) is a leading energy utility group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia. More than 1.4 million industrial, commercial and residential customers in Singapore benefit from SP’s world-class transmission, distribution and market support services. The networks in Singapore are amongst the most reliable and cost-effective worldwide. For more information, please visit www.singaporepower.com.sg. About CapitaLand Limited CapitaLand Limited is one of Asia’s largest real estate companies headquartered and listed in Singapore. The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. The company also has one of the largest real estate fund management businesses with assets located in Asia. CapitaLand’s listed real estate investment trusts are Ascott Residence Trust, CapitaLand Commercial Trust, CapitaLand Mall Trust, CapitaLand Retail China Trust and CapitaMalls Malaysia Trust. 2 Issued by: Singapore Power Limited 10 PasirPanjang Road #03-01 Mapletree Business City Singapore 117438 Co. RegNo : 199406577N www.singaporepower.com.sg -- end – 3 Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Power-To-Build-Advanced-Energy-Efficient-Cooling-Network-For-Capitaland-s-Raffles-City-Chongqing Media Release Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqing Landmark agreement marks Singapore Power’s first district cooling network in China Singapore, 20 May 2015 – Singapore Power (SP) today signed an agreement with CapitaLand Limited (CapitaLand) for the delivery of district cooling for Raffles City Chongqing. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing. The district cooling system will deliver high-quality air conditioning services to consumers through an integrated underground pipe network. 2. Singapore Power’s advanced energy-efficient cooling network is expected to deliver up to 50% cost savings in energy consumption, compared to conventional building chiller plants. Raffles City Chongqing will enjoy lower energy usage with about S$30 million savings over 20 years. Tenants of Raffles City Chongqing will enjoy the same round-the- clock availability and high reliability as the consumers in Marina Bay Singapore. 3. Mr Wong Kim Yin, Group CEO of Singapore Power, said, “Singapore Power is excited to partner CapitaLand for Raffles City Chongqing. With our expertise in advanced energy-efficient cooling networks, we are confident Raffles City Chongqing will set a new benchmark in sustainability. Advanced energy-efficient cooling networks are uniquely suited to serve China’s drive towards urbanisation and clean development. Singapore Power will grow this business with high priority, leveraging our advanced engineering capabilities and our successful track in Marina Bay Singapore.” 4. Mr Lim Ming Yan, President & Group CEO of CapitaLand Limited, said: “CapitaLand is one of the pioneer adopters of green building standards because we strongly believe sustainability is a continuous process that is integral to our business. As internationally recognised urban icons of excellence, Raffles City developments attest to CapitaLand’s commitment to develop user-centric built environments to improve the economic, environmental and social well-being of our stakeholders. We look forward to partnering Singapore Power in implementing this advanced energy-efficient district cooling system at Raffles City Chongqing – the single biggest development in Chongqing to date to adopt the system – which will enable us to avoid incurring about S$30 million in utility cost over 20 years and eventually benefit our tenants in the long run.” 5. Singapore Power has a strong track record in delivering advanced energy-efficient cooling services to developments at the Marina Bay business district since May 2006. With extensive development capabilities in designing, construction and commissioning, its district cooling footprint spans a service area of 1.6 million m2, including commercial, hotels, apartments, office and retail buildings. Leveraging its advanced engineering and technology, SP has delivered up to 50% energy savings compared to in-building chiller systems. --- About Singapore Power Singapore Power Group (SP) is a leading energy utility group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia. More than 1.4 million industrial, commercial and residential customers in Singapore benefit from SP’s world-class transmission, distribution and market support services. The networks in Singapore are amongst the most reliable and cost-effective worldwide. For more information, please visit www.singaporepower.com.sg. About CapitaLand Limited CapitaLand Limited is one of Asia’s largest real estate companies headquartered and listed in Singapore. The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. The company also has one of the largest real estate fund management businesses with assets located in Asia. CapitaLand’s listed real estate investment trusts are Ascott Residence Trust, CapitaLand Commercial Trust, CapitaLand Mall Trust, CapitaLand Retail China Trust and CapitaMalls Malaysia Trust. Issued by: Singapore Power Limited 10 PasirPanjang Road #03-01 Mapletree Business City Singapore 117438 Co. RegNo : 199406577N www.singaporepower.com.sg -- End -- Media Release - Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqinghttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/b786435d-a2d8-41c9-a16a-e3c18a5a56ca/%5B20150520%5D+Media+Release+-+Singapore+Power+To+Build+Advanced+Energy+Efficient+Cooling+Network+For+Capitaland's+Raffles+City+Chongqing.pdf?MOD=AJPERES&CVID= 20 May 2015 News Release For immediate release SINGAPORE POWER TO BUILD ADVANCED ENERGY-EFFICIENT COOLING NETWORK FOR CAPITALAND’S RAFFLES CITY CHONGQING Landmark agreement marks Singapore Power’s first district cooling network in China Singapore, 20 May 2015 – Singapore Power (SP) today signed an agreement with CapitaLand Limited (CapitaLand) for the delivery of district cooling for Raffles City Chongqing. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing. The district cooling system will deliver high-quality air conditioning services to consumers through an integrated underground pipe network. 2. Singapore Power’s advanced energy-efficient cooling network is expected to deliver up to 50% cost savings in energy consumption, compared to conventional building chiller plants. Raffles City Chongqing will enjoy lower energy usage with about S$30 million savings over 20 years. Tenants of Raffles City Chongqing will enjoy the same round-theclock availability and high reliability as the consumers in Marina Bay Singapore. 3. Mr Wong Kim Yin, Group CEO of Singapore Power, said, “Singapore Power is excited to partner CapitaLand for Raffles City Chongqing. With our expertise in advanced energy-efficient cooling networks, we are confident Raffles City Chongqing will set a new benchmark in sustainability. Advanced energy-efficient cooling networks are uniquely suited to serve China’s drive towards urbanisation and clean development. Singapore Power will grow this business with high priority, leveraging our advanced engineering capabilities and our successful track in Marina Bay Singapore.” 4. Mr Lim Ming Yan, President & Group CEO of CapitaLand Limited, said: “CapitaLand is one of the pioneer adopters of green building standards because we strongly believe sustainability is a continuous process that is integral to our business. As internationally recognised urban icons of excellence, Raffles City developments attest to CapitaLand’s commitment to develop user-centric built environments to improve the economic, environmental and social well-being of our stakeholders. We look forward to partnering Singapore Power in implementing this advanced energy-efficient district cooling system at Raffles City Chongqing – the single biggest development in Chongqing to date to adopt the system – which will enable us to avoid incurring about S$30 million in utility cost over 20 years and eventually benefit our tenants in the long run.” 1 5. Singapore Power has a strong track record in delivering advanced energy-efficient cooling services to developments at the Marina Bay business district since May 2006. With extensive development capabilities in designing, construction and commissioning, its district cooling footprint spans a service area of 1.6 million m 2 , including commercial, hotels, apartments, office and retail buildings. Leveraging its advanced engineering and technology, SP has delivered up to 50% energy savings compared to in-building chiller systems. --- Media contacts: Evelyn Yeo, Edelman • Phone: +65 6347 2359 or +65 9367 6017 • Email: evelyn.yeo@edelman.com Warren Wu, Corporate Affairs, Singapore Power Ltd • Phone: +65 6378 8779 or +65 9170 0175 • Email: warrenwu@singaporepower.com.sg Tan Bee Leng, Head, Group Communications, CapitaLand Limited • Phone: +65 6713 2871 • Email: tan.beeleng@capitaland.com About Singapore Power Singapore Power Group (SP) is a leading energy utility group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia. More than 1.4 million industrial, commercial and residential customers in Singapore benefit from SP’s world-class transmission, distribution and market support services. The networks in Singapore are amongst the most reliable and cost-effective worldwide. For more information, please visit www.singaporepower.com.sg. About CapitaLand Limited CapitaLand Limited is one of Asia’s largest real estate companies headquartered and listed in Singapore. The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. The company also has one of the largest real estate fund management businesses with assets located in Asia. CapitaLand’s listed real estate investment trusts are Ascott Residence Trust, CapitaLand Commercial Trust, CapitaLand Mall Trust, CapitaLand Retail China Trust and CapitaMalls Malaysia Trust. 2 Issued by: Singapore Power Limited 10 PasirPanjang Road #03-01 Mapletree Business City Singapore 117438 Co. RegNo : 199406577N www.singaporepower.com.sg -- end – 3 Agreement Between Chongqing Yuzhong Government And Singapore Power To Provide The City With Efficient Energy Solutionshttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Agreement-Between-Chongqing-Yuzhong-Government-And-Singapore-Power-To-Provide-The-City-With-Efficient-Energy-Solutions Media Release Agreement Between Chongqing Yuzhong Government And Singapore Power To Provide The City With Efficient Energy Solutions Chongqing, August 1 2016 – Singapore Power (SP) today signed an agreement with Chongqing Yuzhong municipal government to implement technological solutions for energysaving and emission-reducing initiatives. It will draw upon SP’s experience in operating an advanced energy-efficient cooling network that delivers as much as 40 per cent energy savings for its customers in the major financial and convention centre in Marina Bay, Singapore. These sustainable solutions from Singapore will contribute towards creating a high quality, urban lifestyle for residents of Chongqing. Hu Wantai, Deputy Secretary and Governor of Yuzhong District, Chongqing, said: "Singapore Power, as a leading energy supply company, is committed to providing customers with reliable, efficient and world-class energy utility services, while looking at sustainable developments. The signing of the strategic cooperation agreement with government of Yuzhong District will bring advanced ideas and experience to the district, providing strong support for industrial upgrading and urban construction. The Yuzhong District government will also uphold the principle of ‘complementing strengths and promoting cooperation for mutual development’ to provide high quality government services and a conducive environment for enterprise development, which will result in a brighter future for Yuzhong District." SP’s Group Chief Executive Officer, Mr Wong Kim Yin, said, “We are privileged to contribute towards the sustainability goals of Chongqing city. In our first project at Raffles City Chongqing, we look forward to providing our expertise and experience from Singapore in running a world-class energy-efficient cooling network. This will contribute towards saving energy and reducing carbon emissions, enabling residents in Chongqing to enjoy a green, high quality urban lifestyle. This will serve the drive in the city and the country towards urbanisation, clean development and a sustainable future.” Last year, SP entered an agreement to provide district cooling services for the upcoming Raffles City Chongqing development which will be completed in 2018. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing – a strategically located integrated development project in the heart of Chongqing’s popular Yuzhong district where the Yangtze and Jialing Rivers meet. Raffles City Chongqing is co-developed by renowned property developers, CapitaLand and Ascendas-Singbridge. Raffles City Chongqing is expected to achieve substantial savings in energy consumption, compared to conventional building chiller plants. Tenants of Raffles City Chongqing will also be able to enjoy the same round-the-clock availability and high reliability as the consumers in Marina Bay Singapore. Mr Lucas Loh, Chief Executive Officer, CapitaLand China, said: “On behalf of CapitaLand Group, I extend my heartiest congratulations to Singapore Power and Chongqing’s Yuzhong District government on their strategic partnership to explore new opportunities in sustainable projects. Chongqing is part of CapitaLand’s five key city clusters in China and we have six properties in this Chinese city with a combined gross floor area of about 1 million square metres. The biggest of these is Raffles City Chongqing, an integrated development comprising retail, residential, serviced residence and hotel components that is under development in Yuzhong District on the prestigious Chao Tian Men site – considered the crown jewel of Chongqing. “Befitting Raffles City Chongqing’s iconic status, we have partnered Singapore Power to provide an advanced district cooling system for the integrated development, which will generate substantial energy savings and utility cost avoidance. We have also tied up with Yuzhong District government to set up a Sino-Singapore Collaboration Centre here to bridge companies to the immense growth opportunities in this fast-growing city. With the rising prominence of Chongqing under the ‘One Belt, One Road’ initiative and as the location of the third China-Singapore government-led project, there is tremendous growth potential in the sustainability sector that both Singapore Power and Yuzhong District can harness. CapitaLand looks forward to seeing all the businesses and people in Yuzhong District benefitting from this synergistic partnership.” With the Raffles City Chongqing as SP’s first foray into China, SP’s success story will definitely continue in China, especially with good partnership between government agencies and the private sector. SP looks forward to helping more enterprises achieve energy efficiency and savings through more cooperation and collaborative opportunities in the future. - Ends -   新加坡能源集团与重庆渝中区政府签订合作备忘录 为渝地区带来高效能源解决方案 中国，重庆 2016 年 8 月 1 日—新加坡能源集团(SP)今日与重庆渝中区市政府正式签署协议， 为重庆地区带来先进的节能减排技术解决方案。此前，新加坡能源为新加坡滨海湾工程打造的 区域供冷系统为整个滨海湾商务中心带来高达 40%的节能效果。在此基础之上，新加坡能源 将借鉴已有的实务经验及先进的可持续发展解决方案，为重庆居民打造高品质的绿色城市生活 方式。 重庆市渝中区委副书记、重庆市渝中区区长扈万泰表示：“新加坡能源集团作为首屈一指的能 源供应企业，一直致力于为客户提供可靠、高效以及可持续发展的世界一流能源公用事业服 务。此次与渝中区政府签订战略合作协议，必将为渝中区带来先进的理念和经验，为渝中的产 业升级、城市建设等方面提供有力的支持。渝中区政府也将秉持‘优势互补、促进合作、共同 发展’的原则，为企业发展提供优质的政务服务和发展环境，携手共赢，建设渝中美好的明 天。” 新加坡能源集团总裁黄锦贤先生表示：“我们很荣幸能够为重庆市的可持续发展做出贡献。重 庆来福士广场作为新加坡能源集团在中国的第一个项目，我们希望以来自新加坡的先进的工程 能力和实务经验提供一个世界级的高效节能制冷网。这将有助于城市节能减排的创新发展，并 为重庆居民打造一个绿色、高品质的城市生活方式。新的节能减排解决方案将推进城市化、清 洁及可持续发展的进程。” 2015 年，新加坡能源公司(SP)与凯德集团签署协议，为位于两江交汇处中心地带的重庆来福 士广场提供区域供冷工程。新加坡能源为重庆来福士广场设计、建造、持有并运营尖端高效节 能供冷系统。该区域供冷系统将通过整合式的地下管网，致力为消费者提供优质的空调服务项 目。重庆来福士广场项目由著名地产商凯德集团及星桥控股共同开发，并将于 2018 年竣工。 相较传统式的内置供冷器机组，新加坡能源的尖端高效节能供冷网预计可实现大幅度能源节 省。 重庆来福士广场的租户将比照新加坡滨海湾的消费者，同样享有高度可靠的 24 小时能源 供应。 凯德中国首席执行官罗臻毓先生表示：“我代表凯德集团，对新加坡能源集团与重庆市渝中区 政府在可持续发展项目建立的战略合作伙伴关系表示衷心地祝贺。重庆是凯德集团在中国的五 4 个主要城市群之一。目前，凯德集团已经在中国的六个城市建有建筑面积约百万平方米的综合 体项目，其中规模最大的是就是位于正在蓬勃发展的重庆市朝天门渝中区地段的重庆来福士广 场项目，它是一个包括了零售，住宅，服务式公寓及酒店等服务的综合商区。” “为了配合来福士广场标志性的地位，我们与新加坡能源集团合作为综合体提供了先进的区 域供冷系统，这将大大节省能效及资源成本。我们还与重庆市渝中区政府共同设立了中国 - 新 加坡合作中心，让企业在这个快速发展的城市中探索新的机遇。随着“一带一路”政策的兴 起，重庆市作为第三个中新政府主导项目地区，其发展显得越发重要。无论是对于新加坡能源 集团还是重庆市渝中区政府，在城市可持续发展领域都存在着巨大的增长潜力。我们希望位于 渝中区的企业和居民可以从此项合作中切身受益。” 随着重庆来福士广场项目的开展，特别是在政府机构与相关部门的支持与帮助之下，新加坡能 源集团将持续为中国带来行之有效的节能减排解决方案，并期待在未来有机会帮助更多企业实 现节能减排。 -- 结束-- Infographic on District Cooling Network Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Power-To-Build-Advanced-Energy-Efficient-Cooling-Network-For-Capitaland-s-Raffles-City-Chongqing Media Release Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqing Landmark agreement marks Singapore Power’s first district cooling network in China Singapore, 20 May 2015 – Singapore Power (SP) today signed an agreement with CapitaLand Limited (CapitaLand) for the delivery of district cooling for Raffles City Chongqing. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing. The district cooling system will deliver high-quality air conditioning services to consumers through an integrated underground pipe network. 2. Singapore Power’s advanced energy-efficient cooling network is expected to deliver up to 50% cost savings in energy consumption, compared to conventional building chiller plants. Raffles City Chongqing will enjoy lower energy usage with about S$30 million savings over 20 years. Tenants of Raffles City Chongqing will enjoy the same round-the- clock availability and high reliability as the consumers in Marina Bay Singapore. 3. Mr Wong Kim Yin, Group CEO of Singapore Power, said, “Singapore Power is excited to partner CapitaLand for Raffles City Chongqing. With our expertise in advanced energy-efficient cooling networks, we are confident Raffles City Chongqing will set a new benchmark in sustainability. Advanced energy-efficient cooling networks are uniquely suited to serve China’s drive towards urbanisation and clean development. Singapore Power will grow this business with high priority, leveraging our advanced engineering capabilities and our successful track in Marina Bay Singapore.” 4. Mr Lim Ming Yan, President & Group CEO of CapitaLand Limited, said: “CapitaLand is one of the pioneer adopters of green building standards because we strongly believe sustainability is a continuous process that is integral to our business. As internationally recognised urban icons of excellence, Raffles City developments attest to CapitaLand’s commitment to develop user-centric built environments to improve the economic, environmental and social well-being of our stakeholders. We look forward to partnering Singapore Power in implementing this advanced energy-efficient district cooling system at Raffles City Chongqing – the single biggest development in Chongqing to date to adopt the system – which will enable us to avoid incurring about S$30 million in utility cost over 20 years and eventually benefit our tenants in the long run.” 5. Singapore Power has a strong track record in delivering advanced energy-efficient cooling services to developments at the Marina Bay business district since May 2006. With extensive development capabilities in designing, construction and commissioning, its district cooling footprint spans a service area of 1.6 million m2, including commercial, hotels, apartments, office and retail buildings. Leveraging its advanced engineering and technology, SP has delivered up to 50% energy savings compared to in-building chiller systems. --- About Singapore Power Singapore Power Group (SP) is a leading energy utility group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia. More than 1.4 million industrial, commercial and residential customers in Singapore benefit from SP’s world-class transmission, distribution and market support services. The networks in Singapore are amongst the most reliable and cost-effective worldwide. For more information, please visit www.singaporepower.com.sg. About CapitaLand Limited CapitaLand Limited is one of Asia’s largest real estate companies headquartered and listed in Singapore. The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. The company also has one of the largest real estate fund management businesses with assets located in Asia. CapitaLand’s listed real estate investment trusts are Ascott Residence Trust, CapitaLand Commercial Trust, CapitaLand Mall Trust, CapitaLand Retail China Trust and CapitaMalls Malaysia Trust. Issued by: Singapore Power Limited 10 PasirPanjang Road #03-01 Mapletree Business City Singapore 117438 Co. RegNo : 199406577N www.singaporepower.com.sg -- End -- Media Release - Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqinghttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/b786435d-a2d8-41c9-a16a-e3c18a5a56ca/%5B20150520%5D+Media+Release+-+Singapore+Power+To+Build+Advanced+Energy+Efficient+Cooling+Network+For+Capitaland's+Raffles+City+Chongqing.pdf?MOD=AJPERES&CVID= 20 May 2015 News Release For immediate release SINGAPORE POWER TO BUILD ADVANCED ENERGY-EFFICIENT COOLING NETWORK FOR CAPITALAND’S RAFFLES CITY CHONGQING Landmark agreement marks Singapore Power’s first district cooling network in China Singapore, 20 May 2015 – Singapore Power (SP) today signed an agreement with CapitaLand Limited (CapitaLand) for the delivery of district cooling for Raffles City Chongqing. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing. The district cooling system will deliver high-quality air conditioning services to consumers through an integrated underground pipe network. 2. Singapore Power’s advanced energy-efficient cooling network is expected to deliver up to 50% cost savings in energy consumption, compared to conventional building chiller plants. Raffles City Chongqing will enjoy lower energy usage with about S$30 million savings over 20 years. Tenants of Raffles City Chongqing will enjoy the same round-theclock availability and high reliability as the consumers in Marina Bay Singapore. 3. Mr Wong Kim Yin, Group CEO of Singapore Power, said, “Singapore Power is excited to partner CapitaLand for Raffles City Chongqing. With our expertise in advanced energy-efficient cooling networks, we are confident Raffles City Chongqing will set a new benchmark in sustainability. Advanced energy-efficient cooling networks are uniquely suited to serve China’s drive towards urbanisation and clean development. Singapore Power will grow this business with high priority, leveraging our advanced engineering capabilities and our successful track in Marina Bay Singapore.” 4. Mr Lim Ming Yan, President & Group CEO of CapitaLand Limited, said: “CapitaLand is one of the pioneer adopters of green building standards because we strongly believe sustainability is a continuous process that is integral to our business. As internationally recognised urban icons of excellence, Raffles City developments attest to CapitaLand’s commitment to develop user-centric built environments to improve the economic, environmental and social well-being of our stakeholders. We look forward to partnering Singapore Power in implementing this advanced energy-efficient district cooling system at Raffles City Chongqing – the single biggest development in Chongqing to date to adopt the system – which will enable us to avoid incurring about S$30 million in utility cost over 20 years and eventually benefit our tenants in the long run.” 1 5. Singapore Power has a strong track record in delivering advanced energy-efficient cooling services to developments at the Marina Bay business district since May 2006. With extensive development capabilities in designing, construction and commissioning, its district cooling footprint spans a service area of 1.6 million m 2 , including commercial, hotels, apartments, office and retail buildings. Leveraging its advanced engineering and technology, SP has delivered up to 50% energy savings compared to in-building chiller systems. --- Media contacts: Evelyn Yeo, Edelman • Phone: +65 6347 2359 or +65 9367 6017 • Email: evelyn.yeo@edelman.com Warren Wu, Corporate Affairs, Singapore Power Ltd • Phone: +65 6378 8779 or +65 9170 0175 • Email: warrenwu@singaporepower.com.sg Tan Bee Leng, Head, Group Communications, CapitaLand Limited • Phone: +65 6713 2871 • Email: tan.beeleng@capitaland.com About Singapore Power Singapore Power Group (SP) is a leading energy utility group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia. More than 1.4 million industrial, commercial and residential customers in Singapore benefit from SP’s world-class transmission, distribution and market support services. The networks in Singapore are amongst the most reliable and cost-effective worldwide. For more information, please visit www.singaporepower.com.sg. About CapitaLand Limited CapitaLand Limited is one of Asia’s largest real estate companies headquartered and listed in Singapore. The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. The company also has one of the largest real estate fund management businesses with assets located in Asia. CapitaLand’s listed real estate investment trusts are Ascott Residence Trust, CapitaLand Commercial Trust, CapitaLand Mall Trust, CapitaLand Retail China Trust and CapitaMalls Malaysia Trust. 2 Issued by: Singapore Power Limited 10 PasirPanjang Road #03-01 Mapletree Business City Singapore 117438 Co. RegNo : 199406577N www.singaporepower.com.sg -- end – 3 Agreement Between Chongqing Yuzhong Government And Singapore Power To Provide The City With Efficient Energy Solutionshttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Agreement-Between-Chongqing-Yuzhong-Government-And-Singapore-Power-To-Provide-The-City-With-Efficient-Energy-Solutions Media Release Agreement Between Chongqing Yuzhong Government And Singapore Power To Provide The City With Efficient Energy Solutions Chongqing, August 1 2016 – Singapore Power (SP) today signed an agreement with Chongqing Yuzhong municipal government to implement technological solutions for energysaving and emission-reducing initiatives. It will draw upon SP’s experience in operating an advanced energy-efficient cooling network that delivers as much as 40 per cent energy savings for its customers in the major financial and convention centre in Marina Bay, Singapore. These sustainable solutions from Singapore will contribute towards creating a high quality, urban lifestyle for residents of Chongqing. Hu Wantai, Deputy Secretary and Governor of Yuzhong District, Chongqing, said: "Singapore Power, as a leading energy supply company, is committed to providing customers with reliable, efficient and world-class energy utility services, while looking at sustainable developments. The signing of the strategic cooperation agreement with government of Yuzhong District will bring advanced ideas and experience to the district, providing strong support for industrial upgrading and urban construction. The Yuzhong District government will also uphold the principle of ‘complementing strengths and promoting cooperation for mutual development’ to provide high quality government services and a conducive environment for enterprise development, which will result in a brighter future for Yuzhong District." SP’s Group Chief Executive Officer, Mr Wong Kim Yin, said, “We are privileged to contribute towards the sustainability goals of Chongqing city. In our first project at Raffles City Chongqing, we look forward to providing our expertise and experience from Singapore in running a world-class energy-efficient cooling network. This will contribute towards saving energy and reducing carbon emissions, enabling residents in Chongqing to enjoy a green, high quality urban lifestyle. This will serve the drive in the city and the country towards urbanisation, clean development and a sustainable future.” Last year, SP entered an agreement to provide district cooling services for the upcoming Raffles City Chongqing development which will be completed in 2018. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing – a strategically located integrated development project in the heart of Chongqing’s popular Yuzhong district where the Yangtze and Jialing Rivers meet. Raffles City Chongqing is co-developed by renowned property developers, CapitaLand and Ascendas-Singbridge. Raffles City Chongqing is expected to achieve substantial savings in energy consumption, compared to conventional building chiller plants. Tenants of Raffles City Chongqing will also be able to enjoy the same round-the-clock availability and high reliability as the consumers in Marina Bay Singapore. Mr Lucas Loh, Chief Executive Officer, CapitaLand China, said: “On behalf of CapitaLand Group, I extend my heartiest congratulations to Singapore Power and Chongqing’s Yuzhong District government on their strategic partnership to explore new opportunities in sustainable projects. Chongqing is part of CapitaLand’s five key city clusters in China and we have six properties in this Chinese city with a combined gross floor area of about 1 million square metres. The biggest of these is Raffles City Chongqing, an integrated development comprising retail, residential, serviced residence and hotel components that is under development in Yuzhong District on the prestigious Chao Tian Men site – considered the crown jewel of Chongqing. “Befitting Raffles City Chongqing’s iconic status, we have partnered Singapore Power to provide an advanced district cooling system for the integrated development, which will generate substantial energy savings and utility cost avoidance. We have also tied up with Yuzhong District government to set up a Sino-Singapore Collaboration Centre here to bridge companies to the immense growth opportunities in this fast-growing city. With the rising prominence of Chongqing under the ‘One Belt, One Road’ initiative and as the location of the third China-Singapore government-led project, there is tremendous growth potential in the sustainability sector that both Singapore Power and Yuzhong District can harness. CapitaLand looks forward to seeing all the businesses and people in Yuzhong District benefitting from this synergistic partnership.” With the Raffles City Chongqing as SP’s first foray into China, SP’s success story will definitely continue in China, especially with good partnership between government agencies and the private sector. SP looks forward to helping more enterprises achieve energy efficiency and savings through more cooperation and collaborative opportunities in the future. - Ends -   新加坡能源集团与重庆渝中区政府签订合作备忘录 为渝地区带来高效能源解决方案 中国，重庆 2016 年 8 月 1 日—新加坡能源集团(SP)今日与重庆渝中区市政府正式签署协议， 为重庆地区带来先进的节能减排技术解决方案。此前，新加坡能源为新加坡滨海湾工程打造的 区域供冷系统为整个滨海湾商务中心带来高达 40%的节能效果。在此基础之上，新加坡能源 将借鉴已有的实务经验及先进的可持续发展解决方案，为重庆居民打造高品质的绿色城市生活 方式。 重庆市渝中区委副书记、重庆市渝中区区长扈万泰表示：“新加坡能源集团作为首屈一指的能 源供应企业，一直致力于为客户提供可靠、高效以及可持续发展的世界一流能源公用事业服 务。此次与渝中区政府签订战略合作协议，必将为渝中区带来先进的理念和经验，为渝中的产 业升级、城市建设等方面提供有力的支持。渝中区政府也将秉持‘优势互补、促进合作、共同 发展’的原则，为企业发展提供优质的政务服务和发展环境，携手共赢，建设渝中美好的明 天。” 新加坡能源集团总裁黄锦贤先生表示：“我们很荣幸能够为重庆市的可持续发展做出贡献。重 庆来福士广场作为新加坡能源集团在中国的第一个项目，我们希望以来自新加坡的先进的工程 能力和实务经验提供一个世界级的高效节能制冷网。这将有助于城市节能减排的创新发展，并 为重庆居民打造一个绿色、高品质的城市生活方式。新的节能减排解决方案将推进城市化、清 洁及可持续发展的进程。” 2015 年，新加坡能源公司(SP)与凯德集团签署协议，为位于两江交汇处中心地带的重庆来福 士广场提供区域供冷工程。新加坡能源为重庆来福士广场设计、建造、持有并运营尖端高效节 能供冷系统。该区域供冷系统将通过整合式的地下管网，致力为消费者提供优质的空调服务项 目。重庆来福士广场项目由著名地产商凯德集团及星桥控股共同开发，并将于 2018 年竣工。 相较传统式的内置供冷器机组，新加坡能源的尖端高效节能供冷网预计可实现大幅度能源节 省。 重庆来福士广场的租户将比照新加坡滨海湾的消费者，同样享有高度可靠的 24 小时能源 供应。 凯德中国首席执行官罗臻毓先生表示：“我代表凯德集团，对新加坡能源集团与重庆市渝中区 政府在可持续发展项目建立的战略合作伙伴关系表示衷心地祝贺。重庆是凯德集团在中国的五 4 个主要城市群之一。目前，凯德集团已经在中国的六个城市建有建筑面积约百万平方米的综合 体项目，其中规模最大的是就是位于正在蓬勃发展的重庆市朝天门渝中区地段的重庆来福士广 场项目，它是一个包括了零售，住宅，服务式公寓及酒店等服务的综合商区。” “为了配合来福士广场标志性的地位，我们与新加坡能源集团合作为综合体提供了先进的区 域供冷系统，这将大大节省能效及资源成本。我们还与重庆市渝中区政府共同设立了中国 - 新 加坡合作中心，让企业在这个快速发展的城市中探索新的机遇。随着“一带一路”政策的兴 起，重庆市作为第三个中新政府主导项目地区，其发展显得越发重要。无论是对于新加坡能源 集团还是重庆市渝中区政府，在城市可持续发展领域都存在着巨大的增长潜力。我们希望位于 渝中区的企业和居民可以从此项合作中切身受益。” 随着重庆来福士广场项目的开展，特别是在政府机构与相关部门的支持与帮助之下，新加坡能 源集团将持续为中国带来行之有效的节能减排解决方案，并期待在未来有机会帮助更多企业实 现节能减排。 -- 结束-- Infographic on District Cooling Network Media Release - Agreement Between Chongqing Yuzhong Government And Singapore Power To Provide The City With Efficient Energy Solutionshttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/a34e0cee-c9ba-408c-aa18-0da14672c25d/%5B20160802%5D+Media+Release+-+Agreement+Between+Chongqing+Yuzhong+Government+And+Singapore+Power+To+Provide+The+City+With+Efficient+Energy+Solutions.pdf?MOD=AJPERES&CVID= AGREEMENT BETWEEN CHONGQING YUZHONG GOVERNMENT AND SINGAPORE POWER TO PROVIDE THE CITY WITH EFFICIENT ENERGY SOLUTIONS Chongqing, August 1 2016 – Singapore Power (SP) today signed an agreement with Chongqing Yuzhong municipal government to implement technological solutions for energysaving and emission-reducing initiatives. It will draw upon SP’s experience in operating an advanced energy-efficient cooling network that delivers as much as 40 per cent energy savings for its customers in the major financial and convention centre in Marina Bay, Singapore. These sustainable solutions from Singapore will contribute towards creating a high quality, urban lifestyle for residents of Chongqing. 2. Hu Wantai, Deputy Secretary and Governor of Yuzhong District, Chongqing, said: "Singapore Power, as a leading energy supply company, is committed to providing customers with reliable, efficient and world-class energy utility services, while looking at sustainable developments. The signing of the strategic cooperation agreement with government of Yuzhong District will bring advanced ideas and experience to the district, providing strong support for industrial upgrading and urban construction. The Yuzhong District government will also uphold the principle of ‘complementing strengths and promoting cooperation for mutual development’ to provide high quality government services and a conducive environment for enterprise development, which will result in a brighter future for Yuzhong District." 3. SP’s Group Chief Executive Officer, Mr Wong Kim Yin, said, “We are privileged to contribute towards the sustainability goals of Chongqing city. In our first project at Raffles City Chongqing, we look forward to providing our expertise and experience from Singapore in running a world-class energy-efficient cooling network. This will contribute towards saving energy and reducing carbon emissions, enabling residents in Chongqing to enjoy a green, high quality urban lifestyle. This will serve the drive in the city and the country towards urbanisation, clean development and a sustainable future.” 4. Last year, SP entered an agreement to provide district cooling services for the upcoming Raffles City Chongqing development which will be completed in 2018. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing – a strategically located integrated development project in the heart of Chongqing’s popular Yuzhong district where the Yangtze and Jialing Rivers meet. Raffles City Chongqing is co-developed by renowned property developers, CapitaLand and Ascendas-Singbridge. 1 5. Raffles City Chongqing is expected to achieve substantial savings in energy consumption, compared to conventional building chiller plants. Tenants of Raffles City Chongqing will also be able to enjoy the same round-the-clock availability and high reliability as the consumers in Marina Bay Singapore. 6. Mr Lucas Loh, Chief Executive Officer, CapitaLand China, said: “On behalf of CapitaLand Group, I extend my heartiest congratulations to Singapore Power and Chongqing’s Yuzhong District government on their strategic partnership to explore new opportunities in sustainable projects. Chongqing is part of CapitaLand’s five key city clusters in China and we have six properties in this Chinese city with a combined gross floor area of about 1 million square metres. The biggest of these is Raffles City Chongqing, an integrated development comprising retail, residential, serviced residence and hotel components that is under development in Yuzhong District on the prestigious Chao Tian Men site – considered the crown jewel of Chongqing. 7. “Befitting Raffles City Chongqing’s iconic status, we have partnered Singapore Power to provide an advanced district cooling system for the integrated development, which will generate substantial energy savings and utility cost avoidance. We have also tied up with Yuzhong District government to set up a Sino-Singapore Collaboration Centre here to bridge companies to the immense growth opportunities in this fast-growing city. With the rising prominence of Chongqing under the ‘One Belt, One Road’ initiative and as the location of the third China-Singapore government-led project, there is tremendous growth potential in the sustainability sector that both Singapore Power and Yuzhong District can harness. CapitaLand looks forward to seeing all the businesses and people in Yuzhong District benefitting from this synergistic partnership.” 8. With the Raffles City Chongqing as SP’s first foray into China, SP’s success story will definitely continue in China, especially with good partnership between government agencies and the private sector. SP looks forward to helping more enterprises achieve energy efficiency and savings through more cooperation and collaborative opportunities in the future. - Ends - 2 新 加 坡 能 源 集 团 与 重 庆 渝 中 区 政 府 签 订 合 作 备 忘 录 为 渝 地 区 带 来 高 效 能 源 解 决 方 案 中 国 , 重 庆 2016 年 8 月 1 日 — 新 加 坡 能 源 集 团 (SP) 今 日 与 重 庆 渝 中 区 市 政 府 正 式 签 署 协 议 , 为 重 庆 地 区 带 来 先 进 的 节 能 减 排 技 术 解 决 方 案 。 此 前 , 新 加 坡 能 源 为 新 加 坡 滨 海 湾 工 程 打 造 的 区 域 供 冷 系 统 为 整 个 滨 海 湾 商 务 中 心 带 来 高 达 40% 的 节 能 效 果 。 在 此 基 础 之 上 , 新 加 坡 能 源 将 借 鉴 已 有 的 实 务 经 验 及 先 进 的 可 持 续 发 展 解 决 方 案 , 为 重 庆 居 民 打 造 高 品 质 的 绿 色 城 市 生 活 方 式 。 重 庆 市 渝 中 区 委 副 书 记 、 重 庆 市 渝 中 区 区 长 扈 万 泰 表 示 :“ 新 加 坡 能 源 集 团 作 为 首 屈 一 指 的 能 源 供 应 企 业 , 一 直 致 力 于 为 客 户 提 供 可 靠 、 高 效 以 及 可 持 续 发 展 的 世 界 一 流 能 源 公 用 事 业 服 务 。 此 次 与 渝 中 区 政 府 签 订 战 略 合 作 协 议 , 必 将 为 渝 中 区 带 来 先 进 的 理 念 和 经 验 , 为 渝 中 的 产 业 升 级 、 城 市 建 设 等 方 面 提 供 有 力 的 支 持 。 渝 中 区 政 府 也 将 秉 持 ‘ 优 势 互 补 、 促 进 合 作 、 共 同 发 展 ’ 的 原 则 , 为 企 业 发 展 提 供 优 质 的 政 务 服 务 和 发 展 环 境 , 携 手 共 赢 , 建 设 渝 中 美 好 的 明 天 。” 新 加 坡 能 源 集 团 总 裁 黄 锦 贤 先 生 表 示 :“ 我 们 很 荣 幸 能 够 为 重 庆 市 的 可 持 续 发 展 做 出 贡 献 。 重 庆 来 福 士 广 场 作 为 新 加 坡 能 源 集 团 在 中 国 的 第 一 个 项 目 , 我 们 希 望 以 来 自 新 加 坡 的 先 进 的 工 程 能 力 和 实 务 经 验 提 供 一 个 世 界 级 的 高 效 节 能 制 冷 网 。 这 将 有 助 于 城 市 节 能 减 排 的 创 新 发 展 , 并 为 重 庆 居 民 打 造 一 个 绿 色 、 高 品 质 的 城 市 生 活 方 式 。 新 的 节 能 减 排 解 决 方 案 将 推 进 城 市 化 、 清 洁 及 可 持 续 发 展 的 进 程 。” 2015 年 , 新 加 坡 能 源 公 司 (SP) 与 凯 德 集 团 签 署 协 议 , 为 位 于 两 江 交 汇 处 中 心 地 带 的 重 庆 来 福 士 广 场 提 供 区 域 供 冷 工 程 。 新 加 坡 能 源 为 重 庆 来 福 士 广 场 设 计 、 建 造 、 持 有 并 运 营 尖 端 高 效 节 能 供 冷 系 统 。 该 区 域 供 冷 系 统 将 通 过 整 合 式 的 地 下 管 网 , 致 力 为 消 费 者 提 供 优 质 的 空 调 服 务 项 目 。 重 庆 来 福 士 广 场 项 目 由 著 名 地 产 商 凯 德 集 团 及 星 桥 控 股 共 同 开 发 , 并 将 于 2018 年 竣 工 。 相 较 传 统 式 的 内 置 供 冷 器 机 组 , 新 加 坡 能 源 的 尖 端 高 效 节 能 供 冷 网 预 计 可 实 现 大 幅 度 能 源 节 省 。 重 庆 来 福 士 广 场 的 租 户 将 比 照 新 加 坡 滨 海 湾 的 消 费 者 , 同 样 享 有 高 度 可 靠 的 24 小 时 能 源 供 应 。 凯 德 中 国 首 席 执 行 官 罗 臻 毓 先 生 表 示 :“ 我 代 表 凯 德 集 团 , 对 新 加 坡 能 源 集 团 与 重 庆 市 渝 中 区 政 府 在 可 持 续 发 展 项 目 建 立 的 战 略 合 作 伙 伴 关 系 表 示 衷 心 地 祝 贺 。 重 庆 是 凯 德 集 团 在 中 国 的 五 3 个 主 要 城 市 群 之 一 。 目 前 , 凯 德 集 团 已 经 在 中 国 的 六 个 城 市 建 有 建 筑 面 积 约 百 万 平 方 米 的 综 合 体 项 目 , 其 中 规 模 最 大 的 是 就 是 位 于 正 在 蓬 勃 发 展 的 重 庆 市 朝 天 门 渝 中 区 地 段 的 重 庆 来 福 士 广 场 项 目 , 它 是 一 个 包 括 了 零 售 , 住 宅 , 服 务 式 公 寓 及 酒 店 等 服 务 的 综 合 商 区 。” “ 为 了 配 合 来 福 士 广 场 标 志 性 的 地 位 , 我 们 与 新 加 坡 能 源 集 团 合 作 为 综 合 体 提 供 了 先 进 的 区 域 供 冷 系 统 , 这 将 大 大 节 省 能 效 及 资 源 成 本 。 我 们 还 与 重 庆 市 渝 中 区 政 府 共 同 设 立 了 中 国 - 新 加 坡 合 作 中 心 , 让 企 业 在 这 个 快 速 发 展 的 城 市 中 探 索 新 的 机 遇 。 随 着 “ 一 带 一 路 ” 政 策 的 兴 起 , 重 庆 市 作 为 第 三 个 中 新 政 府 主 导 项 目 地 区 , 其 发 展 显 得 越 发 重 要 。 无 论 是 对 于 新 加 坡 能 源 集 团 还 是 重 庆 市 渝 中 区 政 府 , 在 城 市 可 持 续 发 展 领 域 都 存 在 着 巨 大 的 增 长 潜 力 。 我 们 希 望 位 于 渝 中 区 的 企 业 和 居 民 可 以 从 此 项 合 作 中 切 身 受 益 。” 随 着 重 庆 来 福 士 广 场 项 目 的 开 展 , 特 别 是 在 政 府 机 构 与 相 关 部 门 的 支 持 与 帮 助 之 下 , 新 加 坡 能 源 集 团 将 持 续 为 中 国 带 来 行 之 有 效 的 节 能 减 排 解 决 方 案 , 并 期 待 在 未 来 有 机 会 帮 助 更 多 企 业 实 现 节 能 减 排 。 -- 结 束 – 4 Infographic on District Cooling Network 5 SP Group Acquires ENGIE's 40 Per Cent Stake in Chongqing Sino-French Energy Serviceshttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-Acquires-ENGIE-s-40-Per-Cent-Stake-in-Chongqing-Sino-French-Energy-Services News Release SP Group Acquires ENGIE's 40 Per Cent Stake in Chongqing Sino-French Energy Services Singapore, 20 January 2021 – SP Group (SP) today announced an agreement with ENGIE SA, to acquire ENGIE’s 40 per cent stake in Sino-French Energy Services Co. Ltd (SFES) in Chongqing, China. This is SP’s first acquisition of energy assets in China, growing the company’s China presence with sustainable energy solutions. SP’s Group Chief Executive Officer, Mr Stanley Huang, said, “The acquisition of ENGIE’s stake in SFES strengthens SP Group’s District Cooling and Heating presence in Chongqing and expands our capabilities into Combined Cooling Heating and Power (CCHP) offerings for the hospital segment. Together with Chongqing Gas Group, we will continue to play a key role in supporting the hospitals to adopt more energy efficient CCHP and grow the CCHP market share.” Established in 2010, SFES was a joint venture company between ENGIE and Chongqing Gas Group, a state-owned enterprise that owns 80 per cent of Chongqing’s gas distribution network. SFES is the market leader for CCHP solutions in Chongqing. It operates CCHP solutions deployed in three of the city’s hospitals as well as a District Cooling and Heating plant that serves the Chongqing Danzishi Central Business District. The district is located 2.7 kilometres across the Yangtze river from SP’s integrated cooling and heating plant in Raffles City Chongqing. SP Group runs an advanced energy-efficient cooling and heating system for Raffles City Chongqing, that commenced operations in September 2019. SP’s cooling operations enables Raffles City Chongqing to reduce energy consumption by more than 40 per cent, compared to conventional building chiller plants. Besides Chongqing, new partnerships and collaborations are taking root in Shanghai and Guangzhou. In August 2020, SP signed an agreement with the Sino-Singapore Guangzhou Knowledge City (GKC) to develop district cooling and heating solutions for the Knowledge Tower in GKC. In October, SP inked a Memorandum of Understanding with State Grid Shanghai Energy Services to study the feasibility of jointly developing and investing in integrated energy projects to bring sustainable energy solutions to customers in Shanghai. SP Group currently has three offices in China (Shanghai, Guangzhou and Chongqing), with its China headquarters located in Shanghai. About SP Group SP Group is a leading utilities group in the Asia Pacific, enabling a low-carbon, smart energy future for its customers. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and sustainable energy solutions in Singapore and China. As Singapore’s national grid operator, about 1.6 million industrial, commercial and residential customers benefit from its world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. Beyond traditional utilities services, SP Group provides a suite of sustainable energy solutions such as cooling and heating systems for business districts and residential townships, electric vehicle fast charging and green digital energy management tools for customers in Singapore and the region. For more information, please visit spgroup.com.sg or follow us on Facebook at fb.com/SPGroupSG, on LinkedIn at spgrp.sg/linkedin and on Twitter @SPGroupSG. Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/Imprinting-the-SP-DNA-in-Chongqing-China SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Imprinting the SP DNA in Chongqing, China SUSTAINABILITY Chief of Operations for Cooling at SP’s Sustainable Energy Solutions, Ang Chee Keong, at SP’s district cooling plant at Marina Bay. “Staying cool” has been Ang Chee Keong’s key mission over the last 12 years in SP Group (SP), after he left his previous role as an oil terminal manager at a power generation company. The Chief of Operations for Cooling at SP’s Sustainable Energy Solutions played an instrumental role in implementing the world’s largest underground district cooling system in Singapore, at the Marina Bay area. He was also a part of the management team that led the export of SP’s district cooling system and expertise to Chongqing, China. When SP secured the project to build and maintain district cooling facilities at Raffles City Chongqing – a 1.12 million square metre megastructure consisting of a shopping mall, office space, residential apartments, serviced residence and hotel – Chee Keong was tasked to lead the operations team, which saw him relocating to Chongqing for three and a half years. Ang Chee Keong, Chief of Operations for Cooling in Sustainable Energy Solutions addressing his team at the district cooling plant, serving Raffles City Chongqing in China. While Chee Keong settled into his new living environment fairly quickly, the move was not without worry. He had to be away from his wife and three children who could not join him due to practical considerations over her career and education respectively. Chee Keong had to manage the difference in work culture at first, such as the modus operandi of contractors in Chongqing. However, he soon adapted and subsequently shared his learnings with the team who succeeded his work there. One of the greatest satisfaction for Chee Keong was leaving behind SP’s DNA. From operations philosophies to best management practices, Raffles City Chongqing district cooling network provides chilled water for air-conditioning of the buildings, which helps the customer save up to 50 per cent on their energy consumption. SP’s district cooling team in Chongqing, China. “Besides the plant structure and asset interfaces, we also have a strong emphasis on good equipment design and ‘people-centric’ approach in the way we do things,” said Chee Keong.  Since Chee Keong returned to Singapore in January this year, he has been providing remote support to the Chongqing team as they ease into assuming more responsibilities. He is also developing new innovative solutions and is excited to explore integrating useful technologies from China to local projects.  Now that he is surrounded by his favourite local food again, Chee Keong tries to stay fit and go green by cycling to work when he can. Looks like the ‘sustainability’ DNA of our district system left an indelible mark on Chee Keong’s lifestyle too! — 31 August 2020 TAGS SUSTAINABILITYDISTRICT COOLINGRAFFLES CITY CHONGQING YOU MIGHT BE INTERESTED TO READ SP Group expands sustainable energy operations in China with Chongqing Transport Hub project win STMicroelectronics enhances sustainability with chiller cooling system at Toa Payoh SP signs PPA with BASF for rooftop solar deployment Category: Sustainability SP Group Partners Sino-Singapore Guangzhou Knowledge City To Provide District Cooling, Heating & Energy Saving Solutionshttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-Partners-Sino-Singapore-Guangzhou-Knowledge-City-To-Provide-District-Cooling--Heating---Energy-Saving-Solutions Media Release SP Group Partners Sino-Singapore Guangzhou Knowledge City To Provide District Cooling, Heating & Energy Saving Solutions Singapore & China, 18 November 2019 – SP Group (SP) today announced its partnership with the Sino-Singapore Guangzhou Knowledge City Investment and Development Co. Ltd (GKC Co). The objective is to provide district cooling and heating, and smart and clean energy solutions at the China-Singapore Guangzhou Knowledge City (CSGKC). GKC Co is a 50-50 joint venture company established by the Guangzhou Development District Administrative Committee and CapitaLand. The Memorandum of Understanding was signed by SP Group and GKC Co at the 10th SingaporeGuangdong Collaboration Council (SGCC) meeting, co-chaired by Mr. Ma Xingrui, Guangdong Governor and Mr. Ong Ye Kung, Minister for Education, Singapore, and supported by Enterprise Singapore. The implementation of the district cooling and heating networks, and other sustainable energy solutions such as solar, energy storage, energy efficiency and integrated energy management systems will enable CSGKC to enjoy substantial energy and cost savings. This will translate to a cleaner and more sustainable energy future for CSGKC and for Guangzhou city. Mr Wong Kim Yin, Group Chief Executive Officer of SP Group said: “We are privileged to partner the Guangzhou government and CapitaLand and contribute to the China-Singapore Guangzhou Knowledge City project. SP Group is committed to providing customers innovative, sustainable solutions to save energy and reduce cost. Our experience with Raffles City Chongqing and Singapore’s Marina Bay has demonstrated that our technology and operations can help customers achieve 50 per cent energy and cost savings and reduce carbon emissions. At the same time, we enhance reliability and enable customers to enjoy a high-quality sustainable lifestyle.” In September this year, Raffles City Chongqing, where SP Group operates its advanced energyefficient cooling and heating system, commenced operations. SP’s cooling operations enable Raffles City Chongqing to achieve up to 50 per cent savings in energy consumption, compared to conventional building chiller plants. SP designed and operates the world’s largest underground district cooling system at Singapore’s Marina Bay Financial district. Besides achieving substantial energy efficiency, the Marina Bay district cooling network achieved 100% reliability for 13 consecutive years, since it commenced operations in 2006. -Ends- Notes to Editor About SP Group SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. About 1.5 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. SP Group also drives digital solutions to empower customers to manage their utilities, reduce consumption and save cost. For more information, please visit spgroup.com.sg or follow us on Facebook at fb.com/SPGroupSG and on Twitter @SPGroupSG. SP Group Chinahttps://www.spgroup.com.sg/about-us/international/china OverviewChinaVietnamThailandAustralia China With China leading sustainable development on the global stage, this presents a new growth engine for SP Group to deploy district cooling, heating and integrated energy solutions to meet customers' sustainability goals. Following our first foray in China in 2015 and partnerships taking root in major cities, we have built up a strong project pipeline and set up three offices - in Shanghai as headquarters, Guangzhou and Chongqing. Visit our China website Raffles City Chongqing SP Group [SP] inked a 20-year deal in 2015 to design, build, own and operate a district heating and cooling system for CapitaLand's Raffles City Chongqing, an iconic integrated development comprising a shopping mall, a hotel, office towers, residences and service residences. SP's operations commenced in September 2019, enabling Raffles City Chongqing to reduce energy consumption by more than 40 per cent, compared to conventional building chiller plants. Chongqing Sino-Singapore Energy Services In 2021, SP Group acquired a 40 per cent stake in Sino-French Energy Services Co. Ltd (SFES) in Chongqing to form Sino-Singapore Energy Services Co. Ltd (SSES). This is SP's first acquisition of energy assets in China, growing the company's China presence with sustainable energy solutions.​ SSES is the market leader for Combined Cooling Heating and Power (CCHP) solutions in Chongqing. It operates CCHP solutions deployed in three of the city's hospitals as well as a district cooling and heating plant that serves the Chongqing Danzishi Central Business District.​ The acquisition strengthens SP's district cooling and heating presence in Chongqing and expands our capabilities in CCHP offerings as we grow our sustainable energy solutions in China. Guangzhou Knowledge City SP Group is working with the Sino-Singapore Guangzhou Knowledge City Investment and Development Co. Ltd to provide district cooling and heating, and smart energy solutions at the China-Singapore Guangzhou Knowledge City [GKC]. The implementation of district cooling and heating networks, and other sustainable energy solutions such as solar, energy storage, energy efficiency and integrated energy management systems will enable GKC to enjoy substantial energy and cost savings. This will translate to a cleaner and more sustainable energy future for GKC and for Guangzhou city. State Grid Chongqing Integrated Energy Services SP Group and State Grid Chongqing Integrated Energy Services formed a partnership to jointly develop integrated energy projects that deliver smart, efficient energy management solutions. This is aimed at meeting the evolving operational needs and green targets of customers in Chongqing, China. Through this collaboration both parties aim to drive innovation and capabilities towards achieving carbon neutrality for the city by providing customers with a comprehensive suite of clean and efficient energy solutions. Smart Eco-District In Chengdu SP Group is partnering the People's Government of Wuhou District, Chengdu, to transform the largest of five city centre districts in Chengdu, to a smart eco-district. SP will serve as the sustainable energy solutions partner to the district government and support the city's roadmap to carbon neutrality by developing and implementing technologies and digital solutions such as advanced data analytics and artificial intelligence tools. In the first phase under the partnership, SP will design, build, own and operate an integrated energy solution that includes district cooling and heating system, smart metering, energy management and monitoring for the International Urban Design Centre [IUDC] in Wuhou over the next 25 years. The solution will provide IUDC with real-time insights on their energy and utilities usage data to help them optimise building performance, energy efficiency and comfort for end-users. Photo credit: Three Kingdoms Themed Innovation Park Management Committee of Wuhou District, Chengdu. Agrivoltaics in Dabu County, Guangdong Province SP Group’s first investment in agrivoltaic assets in Guangdong province combines agriculture with solar power generation through efficient land use. Spanning four agricultural sites in Dabu County, Meizhou City, the project taps SP’s expertise in renewable energy to bolster China’s green transition efforts. The 78 megawatt-peak (MWp) solar-plus storage project, when completed in end-2024, will integrate solar photovoltaics with 7.8 MWh battery energy storage systems to enhance grid stability and resilience. The solar assets are expected to contribute 91.3 Gigawatt-hours (GWh) of clean electricity annually to the power grid and reduce over 91,000 tonnes of carbon dioxide emissions each year. To enhance the system’s performance in the long run, SP will also implement digital management solutions to optimise solar energy generation and yield using comprehensive insights and data. Guangdong Lingxiao Pump Industry SP Group’s first Building Integrated Photovoltaic (BIPV) project in China at Guangdong Lingxiao Pump Industry drives clean power generation while saving costs. Spanning an area of 17,000m2, the 4 megawatt-peak (MWp) BIPV rooftop solar system generates solar energy while doubling as a shelter for a carpark that can house 400 cars. The project also extends the rooftop’s lifespan through state-of-the-art thermal insulation technology and a weather-resistant design. Tapping SP’s renewable energy expertise, Guangdong Lingxiao, a global leader in water pumping solutions, is expected to deliver a total of 110 million kWh of clean power over 25 years, or an average of 4.36 million kWh annually. The partnership is also slated to reduce total carbon emissions by nearly 4,500 tonnes each year. Aquavoltaics in Qingdao SP Group and Qingdao Daneng Environmental Protection Equipment Co. Ltd (Qingda Environment) have partnered up to build a 90-Megawatt (MW) aquavoltaic farm that is projected to produce 162 million kilowatt-hours of green electricity annually. The farm will be connected to a hydrogen production facility that will sustainably power Shandong’s first green hydrogen production plant in Qingdao City. The installation of solar photovoltaic (PV) panels across 300 acres – or around 161 soccer fields – of an aquafarm will optimise the land for solar power generation. The project, which could potentially reduce carbon emissions by 160,000 tonnes, is expected to boost Qingda Environment’s sustainability efforts while delivering significant energy and cost savings. International Sports Park City SP Group (SP) has secured the bid to design, build, own and operate a state-of-the-art district cooling and heating system for the new International Sports Park City in Chengdu, China. The project will be SP’s first deployment of an ice thermal energy storage system in China that will provide uninterrupted chilled water supply for cooling services on demand. When operational in 2025, the solution will enable the International Sports Park City – an integrated development with commercial, residential and leisure spaces – to enjoy greater energy efficiency of over 30 per cent for cooling and over 50 per cent for heating. This translates to annual savings of 2,900 Megawatt-hour (MWh) of electricity and reduction of 1,700 tonnes in carbon emissions. With an installed cooling capacity of 9,800 refrigeration tons (RT), this project will be SP’s largest district cooling system in Chengdu, China. Shudu Center SP Group (SP) has acquired Shudu Center’s existing chiller plant to provide the mixed-use development with centralised cooling and heating. As part of the project, SP upgraded the original set-up to a 7,000 refrigeration-tonne (RT) cooling and heating system that serves seven commercial, retail, and office buildings within the 4,400 square metre-complex. The process is enabled by an energy-efficient ice thermal energy storage system that pipes chilled water to cool spaces when electricity demand is high. The solution includes a digital management platform for building owners to remotely track operations and quickly identify areas for maintenance when necessary. There are also space provisions for a further 7,000RT expansion into adjacent developments to provide more sustainable ways of cooling in the surrounding areas. Chongqing East Railway Station Sino-Singapore Energy Services, a joint venture between SP Group and Chongqing Gas Group, is the integrated energy system operator for Chongqing East Railway Station, the largest high-speed railway hub in Western China. The project marks the first time a major high-speed railway hub in the country has appointed a professional third-party energy services provider to manage its energy systems. The integrated energy system spans 360,000 square metres and features a trigeneration setup — combining natural gas-powered electricity generation with high-efficiency chillers to provide cooling, heating and electricity. This includes a cooling and heating capacity of nearly 14,000 refrigeration tonnes. The system also reduces energy consumption by 15% each year and lowers carbon emissions by approximately 9,400 tonnes per year. [20200901] The Business Times - SP Group partners CapitaLand JV to develop energy-saving solutions in Chinahttps://www.spgroup.com.sg/dam/jcr:776a42e9-9358-4556-b1f4-544957259bb1 SP Group partners CapitaLand JV to develop energy-saving solutions in China By Fiona Lam fiolam@sph.com.sg @FionaLamBT Singapore NATIONAL power grid operator SP Group and Sino-Singapore Guangzhou Knowledge City Investment and Development Co (GKC) will develop district cooling, heating and integrated energy solutions in China. These will help GKC’s greenfield master development, the China- Singapore Guangzhou Knowledge City (CSGKC), achieve energy savings. GKC is a joint-venture (JV) company established by CapitaLand and the Guangzhou Development District Administrative Committee. In a press statement on Monday, SP Group announced it had signed an agreement with GKC to set up a JV. This also marks SP Group’s foray into southern China. As part of the agreement, the two parties are working together to develop district cooling and heating solutions for the Knowledge Tower project at the Jiulong lake area, for a start. They will invest in, construct and operate these solutions centred on the smart micro-grids layout, said GKC’s chief executive officer (CEO) Chen Changxin. SP Group and GKC will also integrate sustainable energy solutions, such as distributed energy, energy storage, energy efficiency and energy management systems. These solutions could be extended to other projects in the Sino- Singapore International Technology Innovation Cooperation Demonstration Area within CSGKC, to provide energy and cost savings to more customers. “This will translate to a cleaner and more sustainable energy future for CSGKC and Guangzhou city,” SP Group said in the statement. The energy utilities group’s CEO Stanley Huang noted that its technology and operations at Raffles City Chongqing in China and the Marina Bay financial district in Singapore have helped customers achieve cost savings, and reduce energy consumption. At CapitaLand’s Raffles City Chongqing, SP Group operates its advanced energy-efficient cooling and heating system, which began operations in September last year. This has enabled the mixed-use complex to cut energy consumption by more than 40 per cent, compared to conventional chiller plants for buildings. SP Group also designed and has been operating the underground district cooling system at the Marina Bay financial district since 2006. GKC’s Mr Chen said that GKC is “an important platform for China- Singapore collaboration”. “It is a milestone for us to jointly establish a joint venture to develop the smart energy business,” he added. CapitaLand shares fell S$0.01 or 0.4 per cent to close at S$2.77 on Monday. District Cooling System | SP Grouphttps://www.spgroup.com.sg/sustainable-energy-solutions/district-cooling-and-heating OverviewKey ProjectsContact Us District Cooling & Heating District Cooling & Heating for Sustainable Operations District cooling and heating systems are centralised energy systems which help buildings, districts, and townships improve energy efficiency, lower operational costs and reduce their carbon footprint. As Singapore's largest district cooling operator, SP Group designs, builds and operates district cooling systems for customers across the region. These include Marina Bay in Singapore, the world's largest underground district cooling network and Raffles City Chongqing, the largest shopping mall in Chongqing, China. In partnership with STMicroelectronics (ST), SP Group will design, build, own, and operate Singapore's largest industrial District Cooling System (DCS) with a cooling capacity of u

| WEDNESDAY, OCTOBER 13, 2021 | THE STRAITS TIMES | SINGAPORE B5 SP inks MOU on subsea cable to import green power from Indonesia Isabelle Liew A subsea power cable will be developed to import renewable energy from Indonesia to Singapore. Power grid operator SP Group has partnered French energy company EDF Group to develop the infrastructure which will include a proposed 1,000 megawatt-peak (MWp) solar photovoltaic plant, the two companies said in a joint statement yesterday. In comparison, the newest solar farm in Tengah has a capacity of 60MWp, leading to carbon savings equivalent to removing 7,000 cars from the roads. The two power companies will be conducting commercial, regulatory and technical feasibility studies for the subsea cable under a memorandum of understanding signed on Monday. They will also be exploring opportunities to widen the interconnection to other clean energy sources in Indonesia. Singapore has been looking to meet more of its power needs with renewable energy by scaling up solar power generation across the island and importing it, including from Malaysia. Currently, Singapore relies overwhelmingly on gas for power generation. Plans are under way to import energy from Australia through a 4,200km subsea power cable – a cable carrying electric power below the surface of the water. There are also plans to begin trialling hydropower import from Laos via Thailand and Malaysia. The solar photovoltaic plant project is being led by EDF Renewables, a subsidiary of EDF. Mr Stanley Huang, group chief executive officer of SP Group, said: “The subsea transmission cable will be an important part of the regional grid interconnection and allow us to better plan for future network requirements to maintain our reliability standard.” iliew@sph.com.sg

SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Imagine Sustainable Living SUSTAINABILITY Imagine living in a sustainable community, where innovation powers aspiration. Digital solutions help you save energy and cost. Smart energy districts meet the needs of the next generation. Pervasive networks drive the adoption of green mobility. Unlock the possibilities of a sustainable lifestyle today. #OurPowerIsYours — 4 September 2019 TAGS OUR POWER IS YOURSSUSTAINABILITYINNOVATION YOU MIGHT BE INTERESTED TO READ SP Group expands sustainable energy operations in China with Chongqing Transport Hub project win STMicroelectronics enhances sustainability with chiller cooling system at Toa Payoh SP signs PPA with BASF for rooftop solar deployment

Search Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/sp-partners-edf-Group-to-develop-subsea-transmission-cable SP Energy HubAnnual ReportReliabilitySustainabilityInnovation SP partners EDF Group to develop subsea transmission cable RELIABILITY Stanley Huang (left), SP Group CEO, with Jean-Philippe Buisson, Senior Vice President of Asia at EDF International, at the MOU signing ceremony on 11 October 2021. SP Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/he-connects-the-nation-to-singapore-electricity-grid SP Energy HubAnnual ReportReliabilitySustainabilityInnovation He connects the nation to Singapore’s electricity grid RELIABILITY SPPG Principal Technical Officer Abdul Latiff Muhamed Abdullah was involved in providing electricity connection for key infrastructural projects such as the Marina Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/Ground-feedback-digital-tools-How-she-helps-8000-workers-end-their-day-safely Ground feedback, digital tools: How she helps 8,000 workers end their day safely RELIABILITY Yuan Yinxi (right), an SP Group safety manager works closely with site teams (seen here starting their day with a safety pledge), to champion ground-up safety practices and ensure everyone returns home Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/Lighting-the-way-Following-in-his-father-footsteps-to-keep-S-pore-power-grid-running-24-7 Lighting the way: Following in his father’s footsteps to keep S’pore’s power grid running 24/7 RELIABILITY Abd Fazil Hussain (right) with his son, Muhammad Shalihin Abd Fazil, who will join SP Group for an eight-month internship in 2025. Inspired by his father’s passion and commitment, Shalihin Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/going-underground-to-optimise-space-and-enhance-security SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Going underground to optimise space and enhance security RELIABILITY   SP Group is constructing the first large-scale underground substation in Southeast Asia. Located at Labrador, SP will build its 230kV electrical substation Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/guardians-of-the-grid Guardians of the Grid RELIABILITY Day and night, SP Group’s Electricity Distribution Control Centre’s grid system is under constant surveillance. Executive Engineer Mohamad Elmi Sha Bin Mohamad Nasir and his colleagues at SP Group's Distribution Control Centre are part of the unit that oversees Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/Empowering-talent SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Empowering talent RELIABILITY With a staff strength of more than 3,700, how do the People of SP stay connected and build a collaborative culture to achieve synergistic outcomes? We speak to Benjamin Festin, Vice President of Human Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/best-in-class-customer-experience-with-a-personal-touch SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Best-in-class customer experience, with a personal touch RELIABILITY Our colleagues inspire us with their talent, dedication and capacity to juggle many hats in their profession, family and the community. Meet Jacqueline Chew as she Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/partnership-with-pub-in-ema-demand-response-and-interruptible-load-programmes SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Partnership with PUB in EMA’s Demand Response and Interruptible Load programmes RELIABILITY (from left) Stanley Huang, Group CEO, SP Group;S Harsha, Managing Director, Sustainable Energy Solutions, SP Group; Harry Seah, Deputy Chief Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/pushing-boundaries-to-impact-future-generations SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Pushing boundaries to impact future generations RELIABILITY Managing high voltage equipment is all in a day’s work for our senior engineer Tan Jie Yi. She works in the Transmission Operation and Maintenance team, part of the 24/7 Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/not-leaving-gas-safety-to-chance SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Not Leaving Gas Safety to Chance RELIABILITY SP’s gas safety ambassadors: (from left) Technician Roslee bin Mohamed Moksin, Engineer Lydia Koh and Technical Officer Muhammad Rezduan bin Abdullah. Gas Engineer Lydia Koh, 24, had just Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/young-animators-draw-up-gas-safety-tips SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Young Animators Draw up Gas Safety Tips RELIABILITY Working closely with NYP students were SP Group’s gas safety committee and corporate affairs department. The team comprised (first row, from left) SP’s Engineer Lydia Koh, SP’s Senior Category: Reliability 1 2 3 4 5 ..... 21

Utility Bill Avg_With Gas Utility Bill Average ($) for households with gas Premises Types Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 HDB 1-Room 77.86 77.18 78.99 81.28 87.54 87.29 84.83 81.86 87.86 87.69 83.11 84.19 HDB 2-Room 90.73 89.63 91.78 94.78 103.49 102.84 98.53 96.07 102.96 101.39 96.90 97.62 HDB 3-Room 112.22 112.11 115.94 120.33 132.29 128.10 124.29 121.74 129.94 128.83 123.83 123.57 HDB 4-Room 133.47 131.31 137.04 142.66 156.01 153.34 147.42 143.11 152.92 152.86 146.17 146.88 HDB 5-Room 141.61 136.79 144.16 151.97 165.19 162.85 156.27 149.96 161.67 162.41 156.08 156.45 HDB Executive 154.00 153.21 160.98 168.72 184.59 180.19 172.48 168.80 178.86 180.50 172.04 172.61 Apartment 164.16 156.19 163.04 179.66 198.71 191.52 184.01 175.50 181.94 191.11 186.36 183.84 Terrace 260.00 252.25 270.34 290.38 311.38 286.03 283.33 283.80 289.68 301.49 291.00 290.49 Semi-Detached 325.65 324.20 335.52 370.67 392.95 372.29 354.71 361.00 367.73 385.46 366.17 370.19 Bungalow 627.26 650.18 619.13 718.02 776.44 731.30 675.72 711.32 685.95 762.28 719.32 712.26 Note: The figures exclude electricity charges for PAYU customers and customers who are not purchasing electricity at the regulated tariff. Utility Bill Avg_WO Gas Utility Bill Average ($) for households without gas Premises Types Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 HDB 1-Room 69.16 67.69 69.30 71.92 78.05 78.52 76.28 73.55 78.77 78.62 74.36 75.37 HDB 2-Room 81.99 80.46 82.23 85.21 93.42 93.59 89.84 87.41 93.80 92.26 88.22 88.72 HDB 3-Room 100.27 99.66 102.84 107.06 118.11 115.38 112.09 109.70 116.95 115.78 111.35 111.05 HDB 4-Room 118.78 116.20 120.97 126.03 138.53 137.64 132.74 128.46 137.02 136.76 130.76 131.35 HDB 5-Room 125.43 120.56 126.60 133.43 145.81 145.63 140.07 134.00 144.16 144.59 138.87 139.24 HDB Executive 137.03 135.88 142.35 149.14 163.91 161.79 155.45 151.54 160.36 161.59 153.95 154.44 Apartment 144.07 135.03 140.09 155.96 175.31 171.33 164.80 156.02 161.06 169.18 164.23 161.75 Terrace 235.05 227.31 243.21 259.98 282.50 262.69 259.01 258.83 264.59 274.69 263.93 263.37 Semi-Detached 297.18 295.56 305.12 337.24 359.90 342.81 328.12 331.78 338.46 354.82 336.52 340.26 Bungalow 578.80 597.47 570.77 662.48 717.39 678.65 633.29 661.40 638.62 711.71 667.03 661.57 Note: The figures exclude electricity charges for PAYU customers and customers who are not purchasing electricity at the regulated tariff.

Search https://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/The-New-Paper---Completed-2.4billion-tunnel-project-for-1-200km-of-cables Media Release [20140506] My Paper - Emergency Starter Kits For All Householdshttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/687948a8-f7ff-4872-86c1-0a4c6d337902/%5B20140506%5D+My+Paper+-+Emergency+Starter+Kits+For+All+Households.pdf?MOD=AJPERES&CVID= 未 雨 绸 缪 行 动 下 家 家 户 户 可 获 应 急 包 陈 婧 从 今 天 起 , 全 岛 120 万 户 家 庭 将 陆 续 收 到 一 个 基 本 应 急 包 , 里 头 有 三 片 N95 口 罩 、 图 文 并 茂 的 口 罩 使 用 指 南 和 紧 急 联 络 号 码 。 在 淡 马 锡 关 怀 基 金 会 、 新 加 坡 能 源 公 司 和 新 加 坡 邮 政 共 同 推 出 的 “ 未 雨 绸 缪 基 本 应 急 包 计 划 ” (‘Stay Prepared’Starter Kits Programme) 下 ,1200 名 邮 差 和 50 名 新 能 源 志 工 , 将 从 即 日 起 至 12 日 把 这 些 应 急 包 派 送 到 所 有 新 邮 政 所 拥 有 的 住 址 。 “ 基 本 应 急 包 计 划 ” 是 “ 未 雨 绸 缪 行 动 ” 旗 下 的 项 目 之 一 , 和 上 个 月 推 出 的 儿 童 心 理 援 助 计 划 一 样 , 这 个 项 目 也 将 动 用 淡 马 锡 控 股 的 “ 紧 急 预 备 基 金 ”。 淡 马 锡 控 股 3 月 份 宣 布 拨 款 4000 万 元 成 立 这 个 特 别 基 金 , 通 过 资 助 不 同 项 目 , 协 助 社 会 各 阶 层 加 强 应 对 紧 急 状 况 的 能 力 。 淡 马 锡 关 怀 基 金 会 主 席 马 格 纳 斯 表 示 , 紧 急 预 基 本 应 急 包 内 装 有 三 片 N95 口 罩 , 并 附 有 图 文 并 茂 的 口 罩 使 用 指 南 和 紧 急 联 络 号 码 。( 程 友 明 摄 ) 备 基 金 将 拨 出 400 万 元 资 助 基 本 应 急 包 计 划 , 希 望 借 此 让 公 众 了 解 为 紧 急 状 况 做 好 准 备 的 必 要 性 。 此 外 ,144 家 福 利 机 构 也 将 收 到 共 计 1 万 7000 个 基 本 应 急 包 。 公 众 即 日 起 可 拨 打 热 线 1800-7382000(8 时 - 20 时 ) 查 询 应 急 包 派 送 情 况 , 热 线 开 放 到 24 日 。 Average-Electricity-Consumption--kWh-_Apr-23-to-Mar-24.xlsxhttps://www.spgroup.com.sg/dam/spgroup/docs/our-services/utilities/tariff-information/Average-Electricity-Consumption--kWh-_Apr-23-to-Mar-24.xlsx Consumption_Elect Average consumption of Electricity (kWh) Premises Types Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 HDB 1-Room 127 142 152 147 145 143 146 144 135 126 126 132 HDB 2-Room 166 185 202 190 190 189 190 188 176 164 167 173 HDB 3-Room 242 270 288 271 272 269 274 269 247 236 241 250 HDB 4-Room 326 367 391 371 371 367 374 370 342 321 330 342 HDB 5-Room 381 428 456 437 434 427 437 436 401 367 381 399 HDB Executive 473 528 561 531 536 528 541 530 478 456 474 489 Apartment 465 543 585 546 514 515 537 541 483 430 435 486 Terrace 756 867 902 868 866 859 890 881 804 740 794 821 Semi-Detached 1,024 1,182 1,233 1,159 1,134 1,150 1,187 1,174 1,065 1,019 1,038 1,109 Bungalow 2,016 2,303 2,482 2,320 2,219 2,298 2,308 2,358 2,075 2,106 1,951 2,146 National-Average-Household-Consumption----_Jun-23-to-May-24.xlsxhttps://www.spgroup.com.sg/dam/spgroup/docs/our-services/utilities/tariff-information/National-Average-Household-Consumption----_Jun-23-to-May-24.xlsx Utility Bill Avg_With Gas Utility Bill Average ($) for households with gas Premises Types Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 HDB 1-Room 81.09 78.98 79.00 78.86 80.17 80.39 77.86 77.18 78.99 81.28 87.54 87.29 HDB 2-Room 96.52 91.92 92.92 92.62 94.12 94.79 90.73 89.63 91.78 94.78 103.49 102.84 HDB 3-Room 119.49 114.80 116.91 116.30 118.85 118.49 112.22 112.11 115.94 120.33 132.29 128.10 HDB 4-Room 139.94 134.96 137.64 137.70 140.19 140.04 133.47 131.31 137.04 142.66 156.01 153.34 HDB 5-Room 147.54 142.78 145.35 145.56 148.64 148.87 141.61 136.79 144.16 151.97 165.19 162.85 HDB Executive 164.05 158.23 162.29 161.77 166.18 164.43 154.00 153.21 160.98 168.72 184.59 180.19 Apartment 175.53 167.39 164.61 167.46 175.43 177.46 164.16 156.19 163.04 179.66 198.71 191.52 Terrace 267.44 262.12 265.22 265.40 276.88 276.46 260.00 252.25 270.34 290.38 311.38 286.03 Semi-Detached 340.32 333.05 332.47 336.34 351.53 349.78 325.65 324.20 335.52 370.67 392.95 372.29 Bungalow 666.12 646.66 633.47 662.99 688.41 699.45 627.26 650.18 619.13 718.02 776.44 731.30 Note: The figures exclude electricity charges for PAYU customers and customers who are not purchasing electricity at the regulated tariff. Utility Bill Avg_WO Gas Utility Bill Average ($) for households without gas Premises Types Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Mar-24 Apr-24 May-24 HDB 1-Room 72.46 71.03 70.38 70.28 71.48 71.86 69.16 67.69 69.30 71.92 78.05 78.52 HDB 2-Room 87.55 83.48 84.15 83.90 85.46 85.94 81.99 80.46 82.23 85.21 93.42 93.59 HDB 3-Room 107.51 103.13 104.73 104.06 106.59 106.15 100.27 99.66 102.84 107.06 118.11 115.38 HDB 4-Room 125.27 120.86 122.70 122.47 125.06 124.99 118.78 116.20 120.97 126.03 138.53 137.64 HDB 5-Room 131.50 127.51 129.05 128.83 131.93 132.27 125.43 120.56 126.60 133.43 145.81 145.63 HDB Executive 147.11 141.81 144.94 144.02 148.42 146.81 137.03 135.88 142.35 149.14 163.91 161.79 Apartment 157.00 149.45 145.14 146.83 154.44 156.79 144.07 135.03 140.09 155.96 175.31 171.33 Terrace 244.04 239.52 241.71 240.94 251.32 251.12 235.05 227.31 243.21 259.98 282.50 262.69 Semi-Detached 313.22 305.01 304.96 308.47 323.21 319.99 297.18 295.56 305.12 337.24 359.90 342.81 Bungalow 621.34 599.37 589.03 615.12 636.98 650.72 578.80 597.47 570.77 662.48 717.39 678.65 Note: The figures exclude electricity charges for PAYU customers and customers who are not purchasing electricity at the regulated tariff. Microsoft Word - SPPA-FS-Draft11.docxhttps://www.spgroup.com.sg/dam/spgroup/pdf/annual-reports/2023-SPPA-FS-FINAL.pdf SPPowerAssets Limited AnnualReport Yearended31March2023 RegistrationNumber:200302108D Directors’ statement SP PowerAssets Limited Directors’ statement Year ended 31 March 2023 We are pleased to submit this annual report to the member of SP PowerAssets Limited (the “Company”) together with the audited financial statements for the financial year ended 31 March 2023. Opinion of the Directors In our opinion, (a) the financial statements set out are drawn up so as to give a true and fair view of the financial position of the Company as at 31 March 2023 and the financial performance, changes in equity and cash flows of the Company for the year ended on that date in accordance with the provisions of the Companies Act 1967 (the “Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)”); and (b) at the date of this statement, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they fall due. Directors The directors in office at the date of this statement are as follows: Mr Stanley Huang Tian Guan Mrs Jeanne Cheng Mr Ong Teng Koon Ms Amelia Champion Ms Loong Hui Chee Mr Kenneth Soh Yew Chin Mr Steve Lee Hee Kwang (appointed on 19 September 2022) Directors’ interests According to the register kept by the Company for the purposes of Section 164 of the Act, particulars of interests of directors who held office at the end of the financial year (including those held by their spouses and infant children) in shares, debentures, warrants and share options in the Company and in related corporations are as follows: Name of director and related corporations in which interests (fully paid ordinary shares unless otherwise stated) are held Mr Stanley Huang Tian Guan Holdings at beginning of the year Holdings at end of the year Paragon REIT^ – units (formerly known as SPH REIT) – 323,000 Singapore Airlines Limited – 10,000 SIA Engineering Company Limited – 10,000 Astrea 7 Pte Ltd - 4.125% Class A-1 Secured Bonds due 27 May 2032 – 40,000 CapitaLand China Trust – units – 100,000 1 Name of director and related corporations in which interests (fully paid ordinary shares unless otherwise stated) are held Mrs Jeanne Cheng Holdings at beginning of the year SP PowerAssets Limited Directors’ statement Year ended 31 March 2023 Holdings at end of the year Singapore Telecommunications Limited 11,180 11,180 Singapore Technologies Engineering Ltd 10,000 10,000 Ms Amelia Champion Singapore Telecommunications Limited 1,430 1,430 CapitaLand Investment Limited 5,000 5,000 CapitaLand Integrated Commercial Trust – units 773 773 Paragon REIT^ – units (formerly known as SPH REIT) – 3,128 Ms Loong Hui Chee CapitaLand Ascendas Real Estate Investment Trust – units (formerly known as Ascendas Real Estate Investment Trust) 14,615 14,615 CapitaLand Ascott Trust – units (formerly known as Ascott Residence Trust) 159,248 159,248 CapitaLand Investment Limited 21,531 21,531 CapitaLand Integrated Commercial Trust – units 71,680 69,043 Mapletree North Asia Commercial Trust * – units 60,321 – Mapletree Treasury Services Limited - 3.95% Perpetual Bond S$250,000 S$250,000 Singapore Airlines Limited 20,669 20,669 Singapore Technologies Engineering Ltd 1,495 1,495 Singapore Telecommunications Limited 117,108 117,108 Temasek Financial (IV) Private Limited - 2.70% T2023 Temasek S$ Bond due 25 October 2023 S$13,000 S$13,000 ^ Became a related corporation with effect from 29 April 2022 and therefore holdings at beginning of the year, if any, is not reflected. * Merger of Mapletree Commercial Trust and Mapletree North Asia Commercial Trust ("MNACT") by way of a trust scheme of arrangement, pursuant to which every 1 MNACT Unit was exchanged for S$1.1949 wholly in cash. Except as disclosed in this statement, no director who held office at the end of the financial year had interests in shares, debentures, warrants or share options of the Company, or of related corporations, either at the beginning of the financial year, or at the end of the financial year. Neither at the end of, nor at any time during the financial year, was the Company a party to any arrangement whose objects are, or one of whose objects is, to enable the directors of the Company to acquire benefits by means of the acquisition of shares or debentures of the Company or any other body corporate. 2 SP PowerAssets Limited Directors’ statement Year ended 31 March 2023 Share options During the financial year, there were: (i) no options granted by the Company to any person to take up unissued shares in the Company; and (ii) no shares issued by virtue of any exercise of option to take up unissued shares of the Company. As at the end of the financial year, there were no unissued shares of the Company under option. On behalf of the Board of Directors ──────────────────────── MR STANLEY HUANG TIAN GUAN Chairman ──────────────────────── MS LOONG HUI CHEE Director 25 May 2023 3 Independent Auditor’s Report For the financial year ended 31 March 2023 Independent Auditor’s Report to the Member of SP PowerAssets Limited Report on the Audit of the Financial Statements Opinion We have audited the accompanying financial statements of SP PowerAssets Limited (the “Company”) which comprise the balance sheet as at 31 March 2023, the income statement, statement of comprehensive income, statement of changes in equity and statement of cash flows for the financial year then ended, and notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying financial statements of the Company are properly drawn up in accordance with the provisions of the Companies Act 1967 (the “Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)”) so as to give a true and fair view of the financial position of the Company as at 31 March 2023 and of the financial performance, changes in equity and cash flows of the Company for the year ended on that date. Basis for Opinion We conducted our audit in accordance with Singapore Standards on Auditing (“SSAs”). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Company in accordance with the Accounting and Corporate Regulatory Authority (“ACRA”) Code of Professional Conduct and Ethics for Public Accountants and Accounting Entities (“ACRA Code”) together with the ethical requirements that are relevant to our audit of the financial statements in Singapore, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ACRA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Key Audit Matters Key audit matters are those matters that, in our professional judgement, were of most significance in our audit of the financial statements of the current period. These matters were addressed in the context of our audit of the financial statements as a whole, and in forming our opinion thereon, and we do not provide a separate opinion on these matters. For the matter below, our description of how our audit addressed the matter is provided in that context. 4 SP PowerAssets Limited Independent auditor’s report Year ended 31 March 2023 We have fulfilled our responsibilities described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report, including in relation to the matter. Accordingly, our audit included the performance of procedures designed to respond to our assessment of the risks of material misstatement of the financial statements. The results of our audit procedures, including the procedures performed to address the matter below, provide the basis for our audit opinion on the accompanying financial statements. Goodwill impairment review The Company has recorded an asset of $2,166.8 million which represents goodwill on the acquisition of the transmission business as discussed in Note 6. The goodwill balance is reviewed annually for impairment based on fair value which is determined by discounting expected future cash flows as discussed in Note 6. The assessment of fair value requires significant management judgement in establishing future cash flows, the terminal value and the discount rate. Our audit procedures included assessing the key assumptions used in arriving at the fair value, including the terminal value, forecast future cash flows, and the discount rate. In performing our audit procedures, we assessed the reasonableness of cash flow projections by assessing the reliability of management’s budgeting process, the Company’s own historical data and performance and the market and economic conditions prevailing at the reporting date. In relation to other key inputs, such as the terminal value and discount rate, we compared these inputs to externally available industry, economic and financial data. We further reviewed the adequacy of the disclosure in the financial statements in Note 6 of the financial statements. Other Information Management is responsible for other information. The other information comprises the directors’ statement. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Responsibilities of Management and Directors for the Financial Statements Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the provisions of the Act and SFRS(I), and for devising and maintaining a system of internal accounting controls sufficient to provide a reasonable assurance that assets are safeguarded against loss from unauthorised use or disposition; and transactions are properly authorised and that they are recorded as necessary to permit the preparation of true and fair financial statements and to maintain accountability of assets. In preparing the financial statements, management is responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The directors’ responsibilities include overseeing the Company’s financial reporting process. 5 SP PowerAssets Limited Independent auditor’s report Year ended 31 March 2023 Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with SSAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern. • Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. We also provide the directors with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards. 6 SP PowerAssets Limited Independent auditor’s report Year ended 31 March 2023 From the matters communicated with the directors, we determine those matters that were of most significance in the audit of the financial statements of the current period and are therefore the key audit matters. We describe these matters in our auditor’s report unless law or regulation precludes public disclosure about the matter or when, in extremely rare circumstances, we determine that a matter should not be communicated in our report because the adverse consequences of doing so would reasonably be expected to outweigh the public interest benefits of such communication. Report on Other Legal and Regulatory Requirements In our opinion, the accounting and other records required by the Act to be kept by the Company have been properly kept in accordance with the provisions of the Act. The engagement partner on the audit resulting in this independent auditor’s report is Philip Ling Soon Hwa. Ernst & Young LLP Public Accountants and Chartered Accountants Singapore 25 May 2023 7 SP PowerAssets Limited Financial statements Year ended 31 March 2023 Balance sheet As at 31 March 2023 Note 2023 2022 $ million $ million Non-current assets Property, plant and equipment 4 10,758.5 10,647.7 Intangible assets 6 2,171.0 2,169.3 Derivative assets 7 139.3 124.6 13,068.8 12,941.6 Current assets Inventories 8 37.3 34.8 Trade and other receivables 9 346.3 340.0 Derivative assets 7 0.4 55.6 Cash and cash equivalents 10 0.1 0.2 384.1 430.6 Total assets 13,452.9 13,372.2 Regulatory deferral accounts (“RDA”) debit balances 11 214.3 223.2 Total assets and RDA debit balances 13,667.2 13,595.4 Equity Share capital 12 2,512.4 2,512.4 Hedging reserve 13 93.1 81.6 Accumulated profits 2,694.6 2,595.4 Total equity 5,300.1 5,189.4 Non-current liabilities Debt obligations 14 2,281.2 2,416.7 Derivative liabilities 7 299.6 160.4 Deferred tax liabilities 15 1,469.4 1,442.3 Deferred income 16 124.9 133.8 Deferred construction cost compensation 17 256.2 256.2 Lease liabilities 5 4.2 0.4 4,435.5 4,409.8 Current liabilities Debt obligations 14 − 777.8 Derivative liabilities 7 2.5 5.2 Current tax payable 82.0 50.6 Trade and other payables 18 3,807.1 3,121.3 Lease liabilities 5 3.6 3.4 3,895.2 3,958.3 Total liabilities 8,330.7 8,368.1 Total equity and liabilities 13,630.8 13,557.5 Regulatory deferral accounts (“RDA”) related deferred tax liabilities 11 36.4 37.9 Total equity, liabilities and RDA related deferred tax liabilities 13,667.2 13,595.4 The accompanying notes form an integral part of these financial statements. 8 SP PowerAssets Limited Financial statements Year ended 31 March 2023 Income statement Year ended 31 March 2023 Note 2023 2022 $ million $ million Revenue 19 1,721.6 1,660.4 Other income 20 88.2 73.3 Expenses - Depreciation of property, plant and equipment 4 (661.6) (622.2) - Amortisation of intangible assets 6 (0.9) (2.8) - Maintenance (107.0) (101.8) - Management fees (159.3) (153.9) - Property taxes (50.8) (60.2) - Agency fee (28.9) (27.6) - Support services (33.8) (36.1) - Other operating expenses (59.4) (54.3) Operating profit 708.1 674.8 Finance income 21 0.3 0.1 Finance costs 22 (146.1) (135.8) Profit before taxation 562.3 539.1 Tax expense 23 (104.3) (100.7) Profit for the year 24 458.0 438.4 Net movement in RDA balances related to profit or loss and the related deferred tax movement 11 4.4 0.8 Profit for the year and net movement in RDA balances 462.4 439.2 The accompanying notes form an integral part of these financial statements. 9 SP PowerAssets Limited Financial statements Year ended 31 March 2023 Statement of comprehensive income Year ended 31 March 2023 2023 2022 $ million $ million Profit for the year and net movement in RDA balances 462.4 439.2 Other comprehensive income Items that are or may be reclassified subsequently to profit or loss: Effective portion of changes in fair value of cash flow hedges, net of tax 53.3 31.7 Net change in fair value of: - Cash flow hedges reclassified to profit or loss, net of tax (43.2) (2.6) - Cash flow hedges on recognition of the hedged items on balance sheet, net of tax 1.4 0.1 Other comprehensive income for the year, net of tax 11.5 29.2 Total comprehensive income for the year 473.9 468.4 The accompanying notes form an integral part of these financial statements. 10 SP PowerAssets Limited Financial statements Year ended 31 March 2023 Statement of changes in equity Year ended 31 March 2023 Share capital Hedging reserve Accumulated profits Total equity Note $ million $ million $ million $ million At 1 April 2021 2,512.4 52.4 2,511.5 5,076.3 Total comprehensive income for the year Profit for the year and net movement in RDA balances − − 439.2 439.2 Other comprehensive income Effective portion of changes in fair value of cash flow hedges, net of tax − 31.7 − 31.7 Net change in fair value of: - Cash flow hedges reclassified to profit or loss, net of tax − (2.6) − (2.6) - Cash flow hedges on recognition of the hedged items on balance sheet, net of tax − 0.1 − 0.1 Total other comprehensive income − 29.2 − 29.2 Total comprehensive income for the year − 29.2 439.2 468.4 Transaction with owner, recognised directly in equity Contributions by and distribution to owner Dividends declared 29 − − (355.3) (355.3) At 31 March 2022 2,512.4 81.6 2,595.4 5,189.4 The accompanying notes form an integral part of these financial statements. 11 SP PowerAssets Limited Financial statements Year ended 31 March 2023 Statement of changes in equity Year ended 31 March 2023 (cont'd) Share capital Hedging reserve Accumulated profits Total equity Note $ million $ million $ million $ million At 1 April 2022 2,512.4 81.6 2,595.4 5,189.4 Total comprehensive income for the year Profit for the year and net movement in RDA balances − − 462.4 462.4 Other comprehensive income Effective portion of changes in fair value of cash − 53.3 − 53.3 flow hedges, net of tax Net change in fair value of: - Cash flow hedges reclassified to profit or loss, − (43.2) − (43.2) net of tax - Cash flow hedges on recognition of the − 1.4 − 1.4 hedged items on balance sheet, net of tax Total other comprehensive income − 11.5 − 11.5 Total comprehensive income for the year − 11.5 462.4 473.9 Transaction with owner, recognised directly in equity Contributions by and distribution to owner Dividends declared 29 − − (363.2) (363.2) At 31 March 2023 2,512.4 93.1 2,694.6 5,300.1 The accompanying notes form an integral part of these financial statements. 12 SP PowerAssets Limited Financial statements Year ended 31 March 2023 Statement of cash flows Year ended 31 March 2023 2023 2022 Note $ million $ million Cash flows from operating activities Profit for the year and net movement in RDA balances 462.4 439.2 Adjustments for: Tax expense 23 104.3 100.7 Depreciation and amortisation 4,6 662.5 625.0 (Gain)/loss on disposal of property, plant and equipment and intangible assets 24 (0.8) 4.0 Deferred income 16 (9.1) (8.8) Inventories written down, net 8 6.0 4.3 Write-back of allowance for expected credit loss on trade receivables, net 9 (2.0) (2.3) Finance income 21 (0.3) (0.1) Finance costs 22 146.1 135.8 Exchange loss/(gain), net 24 0.6 (0.3) Net movements in RDA balances related to profit or loss and the related deferred tax movement 11 (4.4) (0.8) 1,365.3 1,296.7 Changes in working capital: Inventories (8.5) (4.1) Trade and other receivables (3.6) (56.8) Trade and other payables 35.5 76.0 Funding for regulatory accounts 11 14.2 − Cash generated from operations 1,402.9 1,311.8 Interest received 0.3 0.1 Income tax (paid)/refunded (50.6) 13.4 Net cash generated from operating activities 1,352.6 1,325.3 Cash flows from investing activities Purchase of property, plant and equipment (798.5) (860.6) Purchase of intangible assets (2.6) (1.0) Proceeds from disposal of property, plant and equipment and intangible assets 7.2 6.2 Net cash used in investing activities (793.9) (855.4) Cash flows from financing activities Interest paid (47.5) (56.6) Commitment fees paid − (0.1) Repayment of bond (723.8) − Proceeds from/(repayment of) related company loans 215.9 (411.5) Payment of principal portion of lease liabilities 5 (3.4) (3.3) Net cash used in financing activities (558.8) (471.5) Net decrease in cash and cash equivalents (0.1) (1.6) Cash and cash equivalents at beginning of the year 0.2 1.8 Cash and cash equivalents at end of the year 10 0.1 0.2 During the financial year, tax-exempt dividend declared to the immediate holding company in relation to the financial year ended 31 March 2022 of $363.2 million (2022: $355.3 million) were settled via loans from a related company. The accompanying notes form an integral part of these financial statements. 13 SP PowerAssets Limited Financial statements Year ended 31 March 2023 Notes to the financial statements These notes form an integral part of the financial statements. The financial statements were authorised for issue by the Board of Directors on 25 May 2023. 1 Domicile and activities SP PowerAssets Limited (the “Company”) is incorporated in the Republic of Singapore and has its registered office at 2 Kallang Sector, SP Group Building, Singapore 349277. The principal activities of the Company are those relating to the provision of services in connection with the transmission and distribution of electricity. The immediate and ultimate holding companies are Singapore Power Limited and Temasek Holdings (Private) Limited respectively. Both companies are incorporated in the Republic of Singapore. 2 Basis of preparation 2.1 Statement of compliance The financial statements have been prepared in accordance with the Singapore Financial Reporting Standards (International) (“SFRS(I)”). 2.2 Basis of measurement The financial statements have been prepared on the historical cost basis except as disclosed in the accounting policies set out below. 2.3 Functional and presentation currency The financial statements are presented in Singapore dollars, which is the Company’s functional currency. All financial information presented in Singapore dollars has been rounded to the nearest 0.1 million, unless otherwise stated. 2.4 Use of estimates and judgements The preparation of financial statements in conformity with SFRS(I) requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making judgements about carrying amounts of assets and liabilities that are not readily apparent from other sources. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected. Information about critical judgements in applying accounting policies that have the most significant effect on the amounts recognised in the financial statements is discussed below: 14 SP PowerAssets Limited Financial statements Year ended 31 March 2023 Impairment of goodwill and indefinite-lived intangible assets Impairment reviews in respect of goodwill and intangible assets are performed at least annually. More regular reviews are performed if changes in circumstances or the occurrence of events indicate potential impairment. The Company uses the present value of future cash flows to determine the recoverable amounts of the cash generating units. In calculating the recoverable amounts, significant management judgement is required in forecasting cash flows of the cash generating units, in estimating the terminal growth values and in selecting an appropriate discount rate. Details of key assumptions made are set out in Note 6. Regulatory deferral accounts Regulatory deferral account debit or credit balances represent timing differences between revenue recognised for financial reporting purposes (as set out in Note 3.14) and revenue earned for regulatory purposes. Revenue earned for regulatory purposes is estimated based on the revenue allowed by the Energy Market Authority (“EMA”) (in accordance with the price regulation framework), taking into consideration the services rendered and volume of electricity delivered to consumers. Note 3.12 sets out the accounting policy for regulatory deferral accounts. 2.5 Changes in accounting policies Adoption of new and revised SFRS(I)s and Interpretation to SFRS(I) The accounting policies adopted are consistent with those of the previous financial year except that in the current financial year, the Company has adopted all the new and revised standards which are effective for annual financial periods beginning on or after 1 April 2022. The adoption of these standards did not have any material effect on the financial performance or position of the Company. 3 Significant accounting policies The accounting policies set out below have been applied consistently for all periods presented in these financial statements, and have been consistently applied by the Company, which addresses changes in accounting policies due to the adoption of new and revised standards. 3.1 Foreign currencies Foreign currency transactions Transactions in foreign currencies are translated to the functional currency of the Company at the exchange rate at the dates of the transactions. Monetary assets and liabilities denominated in foreign currencies at the reporting date are translated to the functional currency at the exchange rate at the reporting date. The foreign currency gain or loss on monetary items is the difference between amortised cost in the functional currency at the beginning of the year, adjusted for effective interest and payments during the year, and the amortised cost in foreign currency translated at the exchange rate at the end of the year. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value are translated to the functional currency at the exchange rate prevailing on the date which the fair value was determined. Non-monetary items in a foreign currency that are measured in terms of historical cost are translated using the exchange rate at the date of the transaction. Foreign currency differences arising on translation are recognised in profit or loss, except for differences arising on the translation of qualifying cash flow hedges, which are recognised in other comprehensive income. 15 SP PowerAssets Limited Financial statements Year ended 31 March 2023 3.2 Property, plant and equipment Recognition and measurement Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditure that is directly attributable to the acquisition of the asset. The cost of self-constructed assets includes the cost of materials and direct labour, any other costs directly attributable to bringing the asset to a working condition for their intended use, the costs of dismantling and removing the items and restoring the site on which they are located and capitalised borrowing cost. Capitalisation of borrowing costs will cease when the asset is ready for its intended use. Cost may also include transfers from equity of any gain or loss on qualifying cash flow hedges of foreign currency purchases of property, plant and equipment. Purchased software that is integral to the functionality of the related equipment is capitalised as part of that equipment. When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items (major components) of property, plant and equipment. The gain or loss on disposal of an item of property, plant and equipment is determined by comparing the proceeds from disposal with the carrying amount of property, plant and equipment, and is recognised net within other income/other operating expenses in profit or loss. Subsequent costs The cost of replacing a component of an item of property, plant and equipment is recognised in the carrying amount of the item if it is probable that the future economic benefits embodied within the component will flow to the Company, and its cost can be measured reliably. The carrying amount of the replaced component is derecognised. The costs of the day-to-day servicing of property, plant and equipment are recognised in profit or loss as incurred. Depreciation Depreciation is based on the cost of an asset less its residual value. Significant components of individual assets are assessed and if a component has a useful life that is different from the remainder of that asset, that component is depreciated separately. Depreciation is recognised in profit or loss on a straight-line basis over the estimated useful lives of each component of an item of property, plant and equipment. Freehold land and construction-in-progress are not depreciated. 16 SP PowerAssets Limited Financial statements Year ended 31 March 2023 The estimated useful lives for the current and comparative periods are as follows: Leasehold land Over the term of the lease ranging from 30 to 99 years Buildings and tunnels 30 to 40 years or the lease term, if shorter Transformers and switchgear 30 years Other plant and machinery - Works and other equipment 3 to 10 years - Standby electricity generator and other machinery 15 to 25 years Mains 30 years Other fixed assets (principally meters and motor vehicles) 3 to 10 years Depreciation methods, useful lives and residual values are reviewed at each financial year end and adjusted if appropriate. 3.3 Intangible assets Goodwill Goodwill arising from acquisition represents the excess of the cost of acquisition over the fair value of identifiable net assets acquired. Subsequent measurement Goodwill is measured at cost less accumulated impairment losses and is tested for impairment on an annual basis as described in Note 3.5. Other intangible assets Deferred expenditure relates mainly to contributions paid by the Company in accordance with regulatory requirements towards capital expenditure costs incurred by electricity generation companies, and is stated at cost less accumulated amortisation and accumulated impairment losses. Deferred expenditure is amortised on a straight-line basis over the period in which the Company derives benefits from the capital contribution payments, which is generally the useful life of the relevant equipment ranging from 7 to 23 years. Computer software is stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised in profit or loss on a straight-line basis over the estimated useful life of 5 years. Computer software development in-progress is stated at cost. No amortisation is provided until it is ready for use. 17 SP PowerAssets Limited Financial statements Year ended 31 March 2023 3.4 Financial instruments Non-derivative financial assets Initial recognition and measurement Financial assets are recognised when, and only when the entity becomes party to the contractual provisions of the instruments. At initial recognition, the Company measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value through profit or loss are expensed in profit or loss. Trade receivables are measured at the amount of consideration to which the Company expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third party, if the trade receivables do not contain a significant financing component at initial recognition. Subsequent measurement Investments in debt instruments Subsequent measurement of debt instruments depends on the Company’s business model for managing the asset and the contractual cash flow characteristics of the asset. Financial assets that are held for the collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortised cost. Financial assets are measured at amortised cost using the effective interest method, less impairment. Gains and losses are recognised in profit or loss when the assets are derecognised or impaired, and through the amortisation process. Derecognition The Company derecognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Company neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. Cash and cash equivalents Cash and cash equivalents comprise cash balances and bank deposits. Non-derivative financial liabilities Initial recognition and measurement Financial liabilities are recognised when, and only when, the Company becomes a party to the contractual provisions of the financial instrument. The Company determines the classification of its financial liabilities at initial recognition. All financial liabilities are recognised initially at fair value plus in the case of financial liabilities not at fair value through profit or loss, directly attributable transaction costs. For financial liabilities at fair value through profit or loss, directly attributable transaction costs are recognised in profit or loss as incurred. 18 SP PowerAssets Limited Financial statements Year ended 31 March 2023 Subsequent measurement After initial recognition, financial liabilities that are not carried at fair value through profit or loss are subsequently measured at amortised cost using the effective interest method. Gains and losses are recognised in profit or loss when the liabilities are derecognised, and through the amortisation process. Financial liabilities at fair value through profit or loss are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Derecognition A financial liability is derecognised when the obligation under the liability is discharged or cancelled or expires. On derecognition, the difference between the carrying amounts and the consideration paid is recognised in profit or loss. Offsetting Financial assets and liabilities are offset and the net amount presented on the balance sheet when, and only when, the Company has a legal right to offset the amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously. The rights of offset must not be contingent on a future event and must be enforceable in the event of bankruptcy or insolvency of all the counterparties to the contract. Ordinary shares Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of ordinary shares are recognised as a deduction from equity, net of any tax effects. Derivative financial instruments and hedge accounting The Company holds derivative financial instruments to hedge its foreign currency and interest rate risk exposures. Embedded derivatives are separated from the host contract and accounted for separately if the host contract is not a financial asset and certain criteria are met. Derivatives are initially measured at fair value and any directly attributable transaction costs are recognised in profit or loss as incurred. Subsequent to initial recognition, derivatives are measured at fair value, and changes therein are generally recognised in profit or loss. The Company designates certain derivatives and non-derivative financial instruments as hedging instruments in qualifying hedging relationships. At inception of designated hedging relationships, the Company documents the risk management objective and strategy for undertaking the hedge. The Company also documents the economic relationship between the hedged item and the hedging instrument, including whether the changes in cash flows of the hedged item and hedging instrument are expected to offset each other. The Company applies hedge accounting for certain hedging relationships which qualify for hedge accounting. 19 SP PowerAssets Limited Financial statements Year ended 31 March 2023 For the purpose of hedge accounting, hedges are classified as: • cash flow hedges when hedging exposure to variability in cash flows that is either attributable to a particular risk associated with a recognised asset or liability or a highly probable forecast transaction or the foreign currency risk in an unrecognised firm commitment; or • fair value hedges when hedging the exposure to changes in fair value of a recognised asset or liability or an unrecognised firm commitment Cash flow hedges When a derivative is designated as the hedging instrument in a hedge of the variability in cash flows attributable to a particular risk associated with a recognised asset or liability or a highly probable forecast transaction that could affect profit or loss, the effective portion of changes in the fair value of the derivative is recognised in other comprehensive income and presented in the hedging reserve in equity. Any ineffective portion of changes in the fair value of the derivative is recognised immediately in profit or loss. When the hedged item is a non-financial asset, the amount accumulated in equity is included in the carrying amount of the asset when the asset is recognised. In other cases, the amount accumulated in equity is reclassified to profit and loss in the same period that the hedged item affects profit or loss. If the hedging instrument no longer meets the criteria for hedge accounting, expires or is sold, terminated or exercised, or the designation is revoked, then hedge accounting is discontinued prospectively. When a cash flow hedge is discontinued, the cumulative gain or loss previously recognised in other comprehensive income will remain in the cash flow hedge reserve until the future cash flows occur if the hedged future cash flows are still expected to occur or reclassified to profit or loss immediately if the hedged future cash flows are no longer expected to occur. Fair value hedges Changes in the fair value of a derivative hedging instrument designated as a fair value hedge are recognised in profit or loss. The hedged item is adjusted to reflect changes in its fair value in respect of the risk being hedged; the gain or loss attributable to the hedged risk is recognised in profit or loss with an adjustment to the carrying amount of the hedged item. Hedges directly affected by interest rate benchmark reform Phase 2 amendments: Replacement of interest rates – when there is no longer uncertainty arising from interest rate benchmark reform When the basis for determining the contractual cash flows of the hedged item or the hedging instrument changes as a result of interest rate benchmark reform and therefore there is no longer uncertainty arising about the cash flows of the hedged item or the hedging instrument, the Company amends the hedged documentation of that hedging relationship to reflect the change(s) required by interest rate benchmark reform. 20 SP PowerAssets Limited Financial statements Year ended 31 March 2023 A change in the basis for determining the contractual cash flows is required by interest rate benchmark reform if the following conditions are met: • the change is necessary as a direct consequence of the reform; and • the new basis for determining the contractual cash flow is economically equivalent to the previous basis – i.e. the basis immediately before the change. For this purpose, the hedge designation is amended only to make one or more of the following changes: • designating an alternative benchmark rate as the hedged risk; • updating the description of hedged item, including the description of the designated portion of the cash flows or fair value being hedged; or • updating the description of the hedging instrument. The Company amends the description of the hedging instrument only if the following conditions are met: • it makes a change required by interest rate benchmark reform by changing the basis for determining the contractual cash flows of the hedging instrument or using another approach that is economically equivalent to changing the basis for determining the contractual cash flows of the original hedging instrument; and • the original hedging instrument is not derecognised. The Company amends the formal hedge documentation by the end of the reporting period during which a change required by interest rate benchmark reform is made to the hedged risk, hedged item or hedging instrument. These amendments in the formal hedge documentation do not constitute the discontinuation of the hedging relationship or the designation of a new hedging relationship. If changes are made in addition to those changes required by interest rate benchmark reform described above, then the Company first considers whether those additional changes result in the discontinuation of the hedge accounting relationship. If the additional changes do not result in discontinuation of the hedge accounting relationship, then the Company amends the formal hedge documentation for changes required by interest rate benchmark reform as mentioned above. When the interest rate benchmark on which the hedged future cash flows had been based is changed as required by interest rate benchmark reform, for the purpose of determining whether the hedged future cash flows are expected to occur, the Company deems that the hedging reserve recognised in other comprehensive income for the hedging relationship is based on the alternative benchmark rate on which the hedged future cash flows will be based. 21 SP PowerAssets Limited Financial statements Year ended 31 March 2023 3.5 Impairment Non-derivative financial assets The Company recognises an allowance for expected credit losses (“ECLs”) for all debt instruments not held at fair value through profit or loss and financial guarantee contracts. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Company expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. ECLs are recognised in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is recognised for credit losses expected over the remaining life of the exposure, irrespective of timing of the default (a lifetime ECL). For trade receivables and contract assets, the Company applies a simplified approach in calculating ECLs. Therefore, the Company does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. The Company has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. The Company considers a financial asset potentially in default when contractual payments are 180 days past due. However, in certain cases, the Company may also consider a financial asset to be in default when internal or external information indicates that the Company is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Company. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. Non-financial assets The carrying amounts of the Company’s non-financial assets, other than inventories and deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, the asset’s recoverable amount is estimated. For goodwill and intangible assets that have indefinite useful lives or that are not yet available for use, recoverable amount is estimated each year at the same time. An impairment loss is recognised if the carrying amount of an asset or its related cash-generating unit (“CGU”) exceeds its estimated recoverable amount. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or CGU. Subject to an operating segment ceiling test, for the purposes of goodwill impairment testing, CGUs to which goodwill has been allocated are aggregated so that the level at which impairment testing is performed reflects the lowest level at which goodwill is monitored for internal reporting purposes. Impairment losses are recognised in profit or loss. Impairment losses recognised in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the CGU (group of CGUs), and then to reduce the carrying amounts of the other assets in the CGU (group of CGUs) on a pro rata basis. 22 SP PowerAssets Limited Financial statements Year ended 31 March 2023 An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognised in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised. Such reversal of impairment is recognised in profit or loss. 3.6 Inventories Inventories are measured at the lower of cost and net realisable value. Cost is determined based on the weighted average method, and includes expenditure in acquiring the inventories and other costs incurred in bringing them to their existing location and condition. Cost may also include transfers from other comprehensive income of any gain or loss on qualifying cash flow hedges of foreign currency purchases of inventories. Allowance for obsolete, deteriorated or damaged stocks is made when considered appropriate. 3.7 Accrued revenue Revenue accrual estimates are made to account for the unbilled amount at the reporting date. 3.8 Provisions A provision is recognised if, as a result of past event, the Company has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost. 3.9 Government grants Capital grants are recognised on a straight-line basis and taken to profit or loss over the periods necessary to match the depreciation of the assets purchased with the government grants. Operating grants are presented within other income and are taken to profit or loss on a systematic basis in the same periods in which the expenses are incurred. 3.10 Deferred construction cost compensation Deferred construction cost compensation received to defray costs relating to the construction of an asset are accounted for as a government grant. Note 3.9 sets out the government grant accounting policy. 3.11 Deferred income Deferred income comprises (i) government grant for the purchase of depreciable assets and (ii) contributions made by certain customers towards the cost of capital projects received prior to 1 July 2009. Government grants and customer contributions Deferred income is recognised on a straight-line basis and taken to profit or loss over the periods necessary to match the depreciation of the assets purchased with the government grants and customers’ contribution. 23 SP PowerAssets Limited Financial statements Year ended 31 March 2023 3.12 Regulatory deferral account (“RDA”) debit or credit balances Use of system charges Regulatory deferral account debit or credit balances represent timing differences between revenue recognised for financial reporting purposes and revenue earned for regulatory purposes. Movements in the regulatory deferral account debit or credit balances are recognised in profit or loss over the periods necessary to adjust revenue recognised for financial reporting purposes to revenue earned for regulatory purposes based on services rendered. At the end of each regulatory period, adjustments for amounts to be recovered or refunded are taken to profit or loss as net movement in regulatory deferral account balances. 3.13 Price regulation and licence The Company’s operations in Singapore are regulated under the Electricity Licence for Transmission Licensee issued by the EMA of Singapore. Allowed revenue to be earned from the transmission of electricity is regulated based on certain formulae and parameters set out in the licence, relevant acts and codes. Revenue recognised for financial reporting purposes may differ from revenue earned for regulatory purposes due to volume variances. This may result in adjustments that may increase or decrease tariffs in succeeding periods. Amounts to be recovered or refunded are brought to account as adjustments to net movement in regulatory deferral account debit or credit balances in the income statement in the period in which the Company becomes entitled to the recovery or liable for the refund. The Company’s capital expenditure may differ from its regulatory plan and is subject to a review by the EMA. The results of the variances in capital expenditure may be translated into price adjustments, if any, in the following reset period. The use of system charges are approved by the EMA for a 5-year regulatory period in accordance with the price regulation framework. 3.14 Revenue recognition Revenue is measured based on the consideration to which the Company expects to be entitled in exchange for transferring promised services to a customer, excluding amounts collected on behalf of third parties. Revenue is recognised when the Company satisfies a performance obligation by transferring the promised service to the customer, which is when the customer obtains control of the service. A performance obligation may be satisfied at a point in time or over time. The amount of revenue recognised is the amount allocated to the satisfied performance obligation. Use of system charges Revenue for financial reporting purposes is recognised over time based on tariff billings to customers when the volume of electricity is delivered. 24 SP PowerAssets Limited Financial statements Year ended 31 March 2023 3.15 Leases The Company assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. As lessor Leases in which the Company does not transfer substantially all the risks and rewards of ownership of the asset are classified as operating leases. Initial direct costs incurred in negotiating an operating lease are added to the carrying amount of the leased asset and recognised over the lease term. Rental income under operating leases are recognised in profit or loss over the term of the lease. As lessee The Company applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Company recognises lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. (i) Right-of-use assets The Company recognises right-of-use assets at the commencement or on modification date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets. If ownership of the leased asset transfers to the Company at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The right-of-use assets are also subject to impairment. Refer to Note 3.5 for the accounting policy. (ii) Lease liabilities At the commencement date of the lease, the Company recognises lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Company and payments of penalties for terminating the lease, if the lease term reflects the Company exercising the option to terminate. Variable lease payments that do not depend on an index or a rate are recognised as expenses (unless they are incurred to produce inventories) in the period in which the event or condition that triggers the payment occurs. 25 SP PowerAssets Limited Financial statements Year ended 31 March 2023 In calculating the present value of lease payments, the Company uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments (e.g., changes to future payments resulting from a change in an index or rate used to determine such lease payments) or a change in the assessment of an option to purchase the underlying asset. (iii) Short-term leases The Company applies the short-term lease recognition exemption to its short-term leases of leasehold land (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). Lease payments on short-term leases are recognised as expense on a straight-line basis over the lease term. 3.16 Finance income and costs Finance income comprises interest income on funds invested. Interest income is recognised as it accrues, using the effective interest method. Finance costs comprise interest expense on borrowings, unwinding of the discount on provisions, fair value gains or losses on financial assets and liabilities at fair value through profit or loss, impairment losses recognised on financial assets (other than trade receivables), gains or losses on hedging instruments that are recognised in profit or loss, amortisation of transaction costs capitalised and interest expense on lease liabilities. Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognised in profit or loss using the effective interest method. 3.17 Tax expense Tax expense comprises current and deferred tax. Current and deferred taxes are recognised in profit or loss except to the extent that it relates to items recognised directly in equity or in the other comprehensive income. Current tax is the expected tax payable or receivable on the taxable income for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognised for: - temporary differences on the initial recognition of assets or liabilities in a transaction that is not a business combination and that affects neither accounting nor taxable profit or loss; and - taxable temporary differences arising on the initial recognition of goodwill. 26 SP PowerAssets Limited Financial statements Year ended 31 March 2023 Deferred tax is measured at the tax rates that are expected to be applied to the temporary differences when they reverse, based on the laws that have been enacted or substantively enacted by the reporting date. A deferred tax asset is recognised for unused tax losses, tax credits and deductible temporary differences, to the extent that it is probable that future taxable profits will be available against which they can be utilised. Deferred tax assets are reviewed at each reporting date and are reduced to the extent that it is no longer probable that the related tax benefit will be realised. In determining the amount of current and deferred tax, the Company takes into account the impact of uncertain tax positions and whether additional taxes and interest may be due. The Company believes that its accruals for tax liabilities are adequate for all open tax years based on its assessment of many factors, including interpretations of tax law and prior experience. This assessment relies on estimates and assumptions and may involve a series of judgements about future events. New information may become available that causes the Company to change its judgement regarding the adequacy of existing tax liabilities; such changes to tax liabilities will impact tax expense in the period that such a determination is made. The movement in a deferred tax asset or liability that arises from the temporary differences created as a result of recognising regulatory deferral account balances are presented in the income statement net of the movement in regulatory deferral account balances related to profit or loss. 3.18 Segment reporting The Company determines and presents operating segments based on the information that is provided internally to the chief operating decision maker. The Company has only one operating segment – electricity transmission and distribution, and hence no separate disclosures are made in the financial statements. 3.19 New standards and interpretations not yet adopted A number of new amendments to standards that are effective for annual periods beginning after 1 April 2022 have not been early adopted in preparing these financial statements. The following amended standards are not expected to have a significant impact on the Company’s financial statements: - Amendments to SFRS(I) 1-1: Classification of Liabilities as Current or Non-current - Amendments to SFRS(I) 1-1 and SFRS(I) Practice Statement 2: Disclosure of Accounting Policies - Amendments to SFRS(I) 1-8: Definition of Accounting Estimates - Amendments to SFRS(I) 1-12: Deferred Tax related to Assets and Liabilities arising from a Single Transaction 27 SP PowerAssets Limited Financial statements Year ended 31 March 2023 4 Property, plant and equipment Freehold land Leasehold land Buildings and tunnels Switchgear Transformers Other plant and machinery Mains Other fixed Constructionin-progress assets Total $ million $ million $ million $ million $ million $ million $ million $ million $ million $ million Cost At 1 April 2021 0.3 504.4 1,692.4 3,351.0 1,840.3 479.8 7,253.3 255.7 1,552.5 16,929.7 Additions − − 7.2 1.2 − 3.2 − 19.6 775.4 806.6 Disposals − − (0.1) (30.1) (30.4) (7.0) (106.7) (9.3) (3.2) (186.8) Reclassification − (0.4) 154.8 123.8 86.9 27.7 308.0 9.0 (709.8) − At 31 March 2022 0.3 504.0 1,854.3 3,445.9 1,896.8 503.7 7,454.6 275.0 1,614.9 17,549.5 Additions − − − − − 1.9 − 26.0 743.6 771.5 Lease Modification (Note 5) − − 7.4 − − − − − − 7.4 Disposals − − − (80.0) (28.4) (7.4) (106.7) (10.9) − (233.4) Reclassification − 0.2 17.8 137.5 69.1 123.4 447.7 1.1 (796.8) − At 31 March 2023 0.3 504.2 1,879.5 3,503.4 1,937.5 621.6 7,795.6 291.2 1,561.7 18,095.0 Accumulated depreciation At 1 April 2021 − 172.7 682.2 1,722.1 683.4 291.7 2,778.6 125.5 − 6,456.2 Depreciation − 10.1 61.9 148.8 67.7 43.6 255.7 34.4 − 622.2 Disposals − − (0.1) (26.2) (27.9) (6.9) (106.7) (8.8) − (176.6) At 31 March 2022 − 182.8 744.0 1,844.7 723.2 328.4 2,927.6 151.1 − 6,901.8 Depreciation − 10.0 66.3 156.2 67.4 57.4 266.0 38.3 − 661.6 Disposals − − − (76.8) (25.3) (7.4) (106.8) (10.6) − (226.9) At 31 March 2023 − 192.8 810.3 1,924.1 765.3 378.4 3,086.8 178.8 − 7,336.5 Carrying amounts At 31 March 2022 0.3 321.2 1,110.3 1,601.2 1,173.6 175.3 4,527.0 123.9 1,614.9 10,647.7 At 31 March 2023 0.3 311.4 1,069.2 1,579.3 1,172.2 243.2 4,708.8 112.4 1,561.7 10,758.5 28 SP PowerAssets Limited Financial statements Year ended 31 March 2023 Expenses capitalised The following expenses were capitalised in property, plant and equipment during the year: 2023 2022 $ million $ million Management fees (staff cost) 84.9 78.8 As at 31 March 2023, property, plant and equipment includes right-of-use assets of $319.2 million (2022: $325.0 million) relating to leasehold land, building and office under leasing arrangements. Details are presented in Note 5. 5 Right-of-use assets/ Lease liabilities Set out below are the carrying amounts of right-of-use assets recognised within property, plant and equipment and the movements during the year: Leasehold land Buildings and tunnels Total $million $million $ million At 1 April 2021 331.7 − 331.7 Additions − 7.2 7.2 Reclassification (0.4) − (0.4) Depreciation (10.1) (3.4) (13.5) At 31 March 2022 321.2 3.8 325.0 Lease modification − 7.4 7.4 Reclassification 0.2 − 0.2 Depreciation (10.0) (3.4) (13.4) At 31 March 2023 311.4 7.8 319.2 Set out below are the carrying amounts of lease liabilities (included under trade and other payables) and the movements during the year: 2023 2022 $ million $ million At 1 April 3.8 − Lease modification 7.4 − Additions − 7.1 Accretion of interest # 0.1 Payments (3.4) (3.4) At 31 March 7.8 3.8 Current 3.6 3.4 Non-current 4.2 0.4 7.8 3.8 # Less than $0.1 million The maturity analysis of lease liabilities is disclosed in Note 26. 29 SP PowerAssets Limited Financial statements Year ended 31 March 2023 During the financial year, lease liabilities were modified as there had been revision to lease payments and office space which were not part of the terms and conditions of the original lease contracts. The following are the amounts recognised in profit or loss: 2023 2022 $ million $ million Depreciation expense of right-of-use assets 13.4 13.5 Interest expense on lease liabilities # 0.1 Expenses relating to short-term leases (included in other 0.4 1.7 operating expenses) 13.8 15.3 # Less than $0.1 million The Company had total cash outflow for leases of $3.8 million (2022: $5.1 million) for the financial year ended 31 March 2023. 6 Intangible assets Goodwill on acquisition Deferred expenditure Computer software Computer software development in-progress Total $ million $ million $ million $ million $ million Cost At 1 April 2021 2,166.8 110.2 39.1 1.0 2,317.1 Additions − 1.0 − − 1.0 Disposals − (0.3) − − (0.3) Reclassification − − 0.9 (0.9) − At 31 March 2022 2,166.8 110.9 40.0 0.1 2,317.8 Additions − 1.3 − 1.3 2.6 At 31 March 2023 2,166.8 112.2 40.0 1.4 2,320.4 Accumulated amortisation At 1 April 2021 − 107.5 38.5 − 146.0 Amortisation − 2.4 0.4 − 2.8 Disposals − (0.3) − − (0.3) At 31 March 2022 − 109.6 38.9 − 148.5 Amortisation − 0.4 0.5 − 0.9 At 31 March 2023 − 110.0 39.4 − 149.4 Carrying amounts At 31 March 2022 2,166.8 1.3 1.1 0.1 2,169.3 At 31 March 2023 2,166.8 2.2 0.6 1.4 2,171.0 30 SP PowerAssets Limited Financial statements Year ended 31 March 2023 Impairment test for goodwill The Company as a whole is considered a CGU. The recoverable amount of the CGU is based on the higher of fair value less costs to sell and value in use. The recoverable amount of the CGU is determined to be higher than its carrying amount hence no impairment is necessary. Fair value is determined by discounting future cash flows generated from the continuing use of the CGU and is based on the following key assumptions: 1. Cash flows are projected based on a 5-year business plan. 2. Cash flows are discounted using a pre-tax discount rate of 6.89% (2022: 6.28%) per annum that reflects current market assessments of the time value of money and risks specific to the CGU. 3. Terminal value is calculated based on a multiple of 1.3 times (2022: 1.3 times) of the carrying amounts of property, plant and equipment. 31 SP PowerAssets Limited Financial statements Year ended 31 March 2023 7 Derivative assets and liabilities 2023 2022 Outstanding notional amounts Assets Liabilities Outstanding notional amounts Assets Liabilities $ million $ million $ million $ million $ million $ million Current: Cross-currency interest rate swaps − − − 623.8 53.6 − Interest rate swaps 100.0 − (0.2) 200.0 1.1 − Foreign exchange forwards 171.4 0.4 (2.3) 224.0 0.9 (5.2) 0.4 (2.5) 55.6 (5.2) Non-current: Cross-currency interest rate swaps 2,149.1 − (296.4) 2,149.1 − (160.4) Interest rate swaps 2,749.1 139.2 (2.5) 2,599.1 124.6 − Foreign exchange forwards 56.5 0.1 (0.7) 1.2 − # 139.3 (299.6) 124.6 (160.4) # Less than $0.1 million 32 SP PowerAssets Limited Financial statements Year ended 31 March 2023 Offsetting financial assets and financial liabilities The Company’s derivative transactions are entered into under International Swaps and Derivatives Association (“ISDA”) Master Agreements. The ISDA agreements create a right of set-off of recognised amounts that is enforceable only following an event of default, insolvency or bankruptcy of the Company or the counterparties. As such, these agreements do not meet the criteria for offsetting under SFRS(I) 1-32 Financial Instruments: Presentation. The Company and its counterparties do not intend to settle on a net basis or to realise the assets and settle the liabilities simultaneously but have the right to set off in the case of default and insolvency or bankruptcy. The Company’s financial assets and liabilities subject to an enforceable master netting arrangement that are not otherwise set-off are as follows: Types of financial assets Gross amounts of recognised financial assets Related amounts not offset in the balance sheet – financial instruments Net amounts $ million $ million $ million 2023 Derivative assets 139.7 (64.0) 75.7 2022 Derivative assets 180.2 (108.9) 71.3 Types of financial liabilities Gross amounts of recognised financial liabilities Related amounts not offset in the balance sheet – financial instruments Net amounts $ million $ million $ million 2023 Derivative liabilities 302.1 (64.0) 238.1 2022 Derivative liabilities 165.6 (108.9) 56.7 33 SP PowerAssets Limited Financial statements Year ended 31 March 2023 Hedge Accounting As at 31 March 2023 and 2022, the Company held various types of derivative financial instruments and formally designated a portion of them in cash flow and fair value hedge relationships for accounting purposes, in accordance with the requirements of SFRS(I) 9. The following table summarises the derivative financial instruments in the balance sheet and the effects of hedge accounting on the Company’s financial position and performance. ---- Hedge instrument ---- ----------------- Hedged item ----------------- Financial statement line that includes the hedged Changes in fair value used for calculating ------------ hedge ineffectiveness ---------- Carrying Accumulated Hedge Outstanding amount of amount of ineffectiveness notional Assets/ assets/ fair value Hedging Hedged recognised in amounts (liabilities) (liabilities) item adjustments instrument item profit or loss $ million $ million $ million $ million $ million $ million $ million Hedge rates Maturity (Year) 2023 Cash flow hedge Interest rate risk – Finance cost 4,473.2 119.2 − − − (43.3) 43.3 − 0.3900% - 1.3275% Up to 2027 Foreign exchange risk – Refer to Note 26 under Foreign currency risk 227.9 (2.5) − − − (0.8) 0.8 − CHF/SGD: 1.397 - 1.524 CNY/SGD: 0.191 - 0.195 EUR/SGD: 1.424 - 1.656 JPY/SGD: 0.010 - 0.013 MYR/SGD: 3.031 USD/SGD: 1.292 - 1.462 Up to 2025 Up to 2023 Up to 2024 Up to 2024 Up to 2023 Up to 2026 Fair value hedge Interest rate risk 525.0 (1.5) (431.6) Debt obligations (7.5) (7.5) 7.6 0.1 6 month SOR/ SORA Up to 2032 Foreign exchange risk 2,149.1 (277.6) (1,849.6) Debt obligations 294.8 (77.3) 75.0 (2.3) Refer to footnotes of Note 14 Up to 2027 34 SP PowerAssets Limited Financial statements Year ended 31 March 2023 ---- Hedge instrument ----- ----------------- Hedged item ----------------- Financial statement line that includes the hedged Changes in fair value used for calculating ----------- hedge ineffectiveness ------------ Carrying Accumulated Hedge Outstanding amount of amount of ineffectiveness notional Assets/ assets/ fair value Hedging Hedged recognised in amounts (liabilities) (liabilities) item adjustments instrument item profit or loss $ million $ million $ million $ million $ million $ million $ million Hedge rates Maturity (Year) 2022 Cash flow hedge Interest rate risk – Finance cost Foreign exchange risk – Refer to Note 26 under Foreign currency risk 5,197.0 158.0 − − − 52.4 (52.4) − 0.2780% - 2.3450% Up to 2027 225.2 (4.3) − − − 3.6 (3.6) − CHF/SGD: 1.397 - 1.501 CNY/SGD: 0.187 - 0.196 EUR/SGD: 1.537 - 1.656 JPY/SGD: 0.011 - 0.013 MYR/SGD: 3.031 USD/SGD: 1.334 - 1.382 Up to 2022 Up to 2023 Up to 2024 Up to 2023 Up to 2022 Up to 2022 Fair value hedge Interest rate risk 375.0 6.0 (281.7) Debt obligations (7.1) (13.8) 14.0 0.2 6 month SOR/ SORA Up to 2029 Foreign exchange risk 2,149.1 (145.1) (1,986.5) Debt obligations 156.5 (113.1) 108.6 (4.5) Refer to footnotes of Note 14 Up to 2027 35 SP PowerAssets Limited Financial statements Year ended 31 March 2023 8 Inventories 2023 2022 $ million $ million Cables 24.3 24.6 Transformers 3.3 1.6 Switchgear 7.6 7.4 Spare parts and accessories 2.1 1.2 37.3 34.8 In the financial year ended 31 March 2023, inventories recognised as an expense in the income statement amounted to $4.3 million (2022: $4.2 million). The write-down of inventories to net realisable value amounted to $6.0 million (2022: $4.3 million). The utilization of inventory obsolescence provision upon sale of the inventory items amounted to $2.2 million (2022: $3.1 million). 9 Trade and other receivables 2023 2022 $ million $ million Trade receivables: - Third parties 121.4 123.9 - Related companies 52.4 63.5 - Immediate holding company 5.0 0.1 178.8 187.5 Impairment loss (4.5) (6.5) 174.3 181.0 Accrued revenue 126.4 117.6 Deposits 0.4 0.4 301.1 299.0 Prepayments 45.2 41.0 346.3 340.0 Trade receivables The average credit term is between 8 to 30 calendar days (2022: between 8 to 30 calendar days). Collateral in the form of bank guarantees and deposits are obtained from counterparties where appropriate. There were no amounts called upon during the year. 36 SP PowerAssets Limited Financial statements Year ended 31 March 2023 The maximum exposure to credit risk for trade receivables at the reporting date by types of customer is as follows: 2023 2022 $ million $ million Contestable transmission/ distribution customers 133.6 133.0 Non-contestable transmission/ distribution customers 10.1 22.9 Project-based customers 22.1 22.3 Others 8.5 2.8 174.3 181.0 The Company provides for lifetime expected credit losses for all trade receivables using a provision matrix. The provision rates are determined based on the evaluation of collectability and ageing analysis of trade receivables and on the estimation of the management. A considerable amount of estimation is required in assessing the ultimate realisation of these receivables, including the current creditworthiness and the past collection history of each customer. The Company categorises trade receivables for potential write-off on the overdue trade receivables of customers that have failed to make contractual payments for more than 180 days. Where trade receivables have been impaired or written off, the Company continues to engage enforcement activity to attempt to recover the receivable due. Where recoveries are made, these are recognised in profit or loss. The maximum exposure to credit risk for trade receivables by geographic region, relates mainly to Singapore at the reporting date. There is no significant concentration of credit risk of trade receivables. The Company has policies in place to monitor its credit risk. Contractual deposits are collected and sufficient collaterals are obtained to mitigate the risk of financial loss from defaults. The Company’s customers are spread across diverse industries and ongoing credit evaluation is performed on the financial condition of receivables to ensure minimal exposure to bad debts. The ageing of trade receivables at the reporting date is as follows: 2023 2022 $ million $ million Not past due 162.9 167.7 Past due 0-30 days 5.1 5.3 Past due 31-90 days 1.6 2.9 Past due 91-180 days 0.8 0.6 Past due more than 180 days 8.4 11.0 178.8 187.5 37 SP PowerAssets Limited Financial statements Year ended 31 March 2023 Expected credit losses The movement in allowance for expected credit losses of trade receivables computed based on lifetime ECL are as follows: 2023 2022 $ million $ million At 1 April 6.5 8.8 Impairment loss recognised 0.3 − Impairment loss written back (2.3) (2.3) At 31 March 4.5 6.5 Trade and other receivables are denominated predominantly in the functional currency of the Company. 10 Cash and cash equivalents 2023 2022 $ million $ million Cash at bank and in hand 0.1 0.2 As at reporting date, cash and cash equivalents are denominated in the functional currency of the Company. 11 Regulatory deferral accounts 2023 2022 $ million $ million Net movement in RDA balances related to profit or loss 5.3 0.9 RDA related deferred tax movement (0.9) (0.1) Net movement in RDA balances related to profit or loss and the related deferred tax movement 4.4 0.8 38 SP PowerAssets Limited Financial statements Year ended 31 March 2023 At 1 April 2022 $ million Net movement in RDA balances related ------------------ to profit or loss ----------------- Balances arising in the period $ million (Recovery)/ reversal $ million Net movement in RDA balances related ------- to balance sheet ------- Funding $ million At 31 March 2023 $ million RDA debit balances Deferral of revenue based on service rendered 314.0 52.3 (77.5) (14.2) 274.6 Under recovery of volume variance (90.8) (47.9) 78.4 − (60.3) 223.2 4.4 0.9 (14.2) 214.3 RDA related deferred tax liabilities RDA related deferred tax liabilities (37.9) (0.7) (0.2) 2.4 (36.4) At 1 April 2021 $ million Net movement in RDA balances related ------------------ to profit or loss ----------------- Balances arising in the period $ million (Recovery)/ reversal $ million At 31 March 2022 $ million RDA debit balances Deferral of revenue based on service rendered 256.9 106.4 (49.3) 314.0 Under recovery of volume variance (34.6) (78.6) 22.4 (90.8) 222.3 27.8 (26.9) 223.2 RDA related deferred tax liabilities RDA related deferred tax liabilities (37.8) (4.7) 4.6 (37.9) The recovery/reversal period of RDA debit and credit balances are directed by EMA. The Company is currently the sole electricity transmission and distribution company in Singapore. The EMA may not terminate the Company’s Transmission Licence except by giving 25 years’ notice, or otherwise revoking the Transmission Licence in accordance with the Electricity Act (including where the EMA is satisfied that the Company has gone into compulsory liquidation or voluntary liquidation other than for the purpose of amalgamation or reconstruction, or the public interest or security of Singapore requires). The Company therefore considers the exposure on recovery of regulatory deferral debit balances to be minimal. During the financial year, the EMA provided the Company with a funding of $14.2 million to offset the RDA debit balances. 39 SP PowerAssets Limited Financial statements Year ended 31 March 2023 12 Share capital 2023 2022 No. of shares No. of shares Ordinary shares million million Issued and fully-paid, with no par value At 1 April and 31 March 2,512.4 2,512.4 The holder of ordinary shares is entitled to receive dividends as declared from time to time and is entitled to one vote per share at meetings of the Company. All shares rank equally with regard to the Company’s residual assets. 13 Hedging reserve The hedging reserve comprises the effective portion of the cumulative net change in the fair value of cash flow hedging instruments related to highly probable forecast transactions. 2023 2022 $ million $ million Hedging reserves At beginning of year 81.6 52.4 Effective portion of changes in fair value of cash flow hedges: - Interest rate risks 55.4 34.8 - Foreign exchange risks (2.1) (3.1) Net change in fair value of cash flow hedges reclassified to profit or loss, net of tax: - Interest rate risks (43.2) (2.6) Net change in fair value of cash flow hedges, on recognition of the hedged items on balance sheet, net of tax: - Foreign exchange risks 1.4 0.1 At end of year 93.1 81.6 40 SP PowerAssets Limited Financial statements Year ended 31 March 2023 14 Debt obligations Principal amount Date of maturity 2023 2022 Fixed rate notes $ million $ million SGD 100 million August 2022 − 100.7 USD 500 million (1) September 2022 − 677.1 JPY 15 billion (2) April 2024 156.8 162.7 SGD 75 million May 2024 84.7 77.3 USD 700 million (3) November 2025 861.9 937.7 JPY 7 billion (4) October 2026 69.6 78.2 USD 600 million (5) September 2027 761.3 807.8 SGD 100 million May 2029 96.8 103.7 SGD 250 million September 2032 250.1 249.3 2,281.2 3,194.5 (1) USD 500 million swapped to SGD 623.8 million (2) JPY 15 billion swapped to SGD 230.0 million (3) USD 700 million swapped to SGD 996.0 million (4) JPY 7 billion swapped to SGD 114.7 million (5) USD 600 million swapped to SGD 808.5 million The debt obligations are on bullet repayment terms. Interest rates on debt obligations denominated in Singapore dollars range from 3.40% to 5.07% (2022: 3.14% to 5.07%) per annum. Interest rates on foreign currency debt obligations range from 1.95% to 3.25% (2022: 1.95% to 3.25%) per annum. 41 SP PowerAssets Limited Financial statements Year ended 31 March 2023 A reconciliation of liabilities arising from financing activities is as follows: 2022 ----------------- Cash flows----------------- -----------------------------------------Non-cash changes----------------------------------------- 2023 Foreign Additions/ exchange Changes in Proceeds Repayment Interest paid (reduction) movement fair value Interest Reclassification $ million $ million $ million $ million $ million $ million $ million $ million $ million $ million Debt obligations Current 777.8 − (723.8) − − (53.5) (0.5) − − − Non-current 2,416.7 − − − − (55.1) (80.4) − − 2,281.2 Interest payable 9.5 − − (46.0) − − − 45.3 * − 8.8 Loans from a related company Current 2,490.0 215.9 − (1.5) 363.2 − − 96.9 − 3,164.5 Lease liabilities Current 3.4 − (3.4) # − − − − 3.6 3.6 Non-current 0.4 − − − 7.4 − − − (3.6) 4.2 5,697.8 215.9 (727.2) (47.5) 370.6 (108.6) (80.9) 142.2 − 5,462.3 * Comprises interest on debt obligations and net change in fair value of cash flow hedges reclassified from equity as disclosed in Note 22. # Less than $0.1 million 42 SP PowerAssets Limited Financial statements Year ended 31 March 2023 2021 ----------Cash flows---------- ---------------------------------------------Non-cash changes--------------------------------------------- 2022 Foreign Additions/ exchange Changes in Repayment Interest paid (reduction) movement fair value Interest Reclassification $ million $ million $ million $ million $ million $ million $ million $ million $ million Debt obligations Current − − − − − − − 777.8 777.8 Non-current 3,320.1 − − − (4.9) (120.7) − (777.8) 2,416.7 Interest payable 11.1 − (55.6) − − − 54.0 * − 9.5 Loans from a related company Current 2,471.8 (411.5) (0.9) 355.3 − − 75.3 − 2,490.0 Lease liabilities Current − − − − − − − 3.4 3.4 Non-current − (3.3) (0.1) 7.1 − − 0.1 (3.4) 0.4 5,803.0 (414.8) (56.6) 362.4 (4.9) (120.7) 129.4 − 5,697.8 * Comprises interest on debt obligations and net change in fair value of cash flow hedges reclassified from equity as disclosed in Note 22. 43 SP PowerAssets Limited Financial statements Year ended 31 March 2023 15 Deferred taxation Movements in deferred tax assets and liabilities during the year are as follows: Recognised in profit or loss (Note 23) Recognised in other Recognised in profit or loss (Note 23) Recognised in other At 31 comprehensive At 31 comprehensive At 31 March income March income March 2021 (Note 23) 2022 (Note 23) 2023 $ million $ million $ million $ million $ million $ million $ million Deferred tax liabilities Property, plant and equipment (1,476.0) 28.1 – (1,447.9) (23.0) – (1,470.9) Intangible assets (0.7) 0.3 – (0.4) (0.3) – (0.7) (1,476.7) 28.4 – (1,448.3) (23.3) – (1,471.6) Set off of tax 90.2 6.0 2.2 Net deferred tax liabilities (1,386.5) (1,442.3) (1,469.4) Deferred tax assets Deferred income 24.3 (1.5) – 22.8 (1.4) – 21.4 Derivative liabilities (10.8) – (6.0) (16.8) – (2.4) (19.2) Unutilised capital allowances 76.6 (76.6) – – – – – Others 0.1 (0.1) – – – – – 90.2 (78.2) (6.0) 6.0 (1.4) (2.4) 2.2 Set off of tax (90.2) (6.0) (2.2) Net deferred tax assets – – – 16 Deferred income 2023 2022 $ million $ million Customers’ contributions 265.9 265.9 Government grant for depreciable assets 0.5 0.3 Accumulated accretion (141.5) (132.4) 124.9 133.8 Movements in accumulated accretion are as follows: At 1 April 132.4 123.6 Accretion for the year 9.1 8.8 At 31 March 141.5 132.4 17 Deferred construction cost compensation 2023 2022 $ million $ million Deferred construction cost compensation 256.2 256.2 44 SP PowerAssets Limited Financial statements Year ended 31 March 2023 18 Trade and other payables 2023 2022 $ million $ million Trade payables: - Third parties 64.0 80.9 - Related companies 35.3 32.0 - Immediate holding company 0.1 1.8 Interest payable 8.8 9.5 Deposits received 80.1 54.4 Advance receipts 185.5 175.4 Accrued operating expenditure 95.9 95.6 Accrued capital expenditure 172.9 181.7 Loans from a related company - Loan balances 3,082.4 2,422.7 - Interest payable 82.1 67.3 3,807.1 3,121.3 Payables denominated in currencies other than the Company’s functional currency comprise $7.8 million (2022: $9.5 million) of payables and accruals denominated in United States dollar (“USD”), $0.5 million (2022: $0.7 million) in Chinese Yuan (“CNY”), $1.1 million (2022: $1.7 million) in Japanese yen (“JPY”), $1.0 million (2022: $0.3 million) in Euro (“EUR”) and $0.9 million (2022: $0.9 million) in Malaysian Ringgit (“MYR”). As at 31 March 2023, the loans from a related company are unsecured, repayable on demand and bear interest at rates ranging from 2.37% to 4.19% (2022: 1.59% to 3.93%) per annum. 19 Revenue Revenue comprises use of system charges and the service is transferred over time. Transaction price allocated to remaining performance obligations The Company has applied the practical expedient not to disclose information about its remaining performance obligations as the Company recognises revenue in the amount to which the Company has a right to invoice customers in amounts that correspond directly with the value to the customer of the Company’s performance completed to date. 45 SP PowerAssets Limited Financial statements Year ended 31 March 2023 20 Other income 2023 2022 $ million $ million Rental income 2.6 3.2 Leasing income 5.8 5.3 Disbursement recoverable jobs 29.9 21.9 Sale of scrap 24.8 26.4 Accretion of deferred income 9.1 8.8 Grant income 2.9 0.6 Others 13.1 7.1 88.2 73.3 21 Finance income 2023 2022 $ million $ million Interest income receivable/received from banks 0.3 0.1 22 Finance costs 2023 2022 $ million $ million Interest expense on loans from a related company 96.9 75.3 Interest expense on debt obligations 97.4 57.2 Net change in fair value of cash flow hedges reclassified (52.1) (3.2) from equity Loss/(gain) arising from financial assets/liabilities in a fair value hedge: - hedged items (82.6) (122.6) - hedging instruments 84.8 126.9 Amortisation of capitalised transaction costs 1.7 2.0 Commitment fees − 0.1 Interest expense on lease liabilities # 0.1 146.1 135.8 # Less than $0.1 million 46 SP PowerAssets Limited Financial statements Year ended 31 March 2023 23 Tax expense Tax recognised in profit or loss 2023 2022 $ million $ million Current tax expense Current year 80.0 50.6 (Over)/under provision in respect of prior years (0.4) 0.3 79.6 50.9 Deferred tax expense Origination and reversal of temporary differences 24.6 49.3 Under provision in respect of prior years 0.1 0.5 24.7 49.8 Total tax expense 104.3 100.7 Tax recognised in other comprehensive income Effective portion of changes in fair value of cash flow hedges Net change in fair value of: - Cash flow hedges reclassified to profit or loss - Cash flow hedges on recognition of the hedged items on balance sheet 2023 2022 Tax Tax Before (expense)/ Net of Before (expense)/ Net of tax credit tax tax credit tax $ million $ million $ million $ million $ million $ million 64.2 (10.9) 53.3 38.2 (6.5) 31.7 (52.0) 8.8 (43.2) (3.1) 0.5 (2.6) 1.7 (0.3) 1.4 0.1 # 0.1 13.9 (2.4) 11.5 35.2 (6.0) 29.2 # Less than $0.1 million Reconciliation of effective tax rate 2023 2022 $ million $ million Profit before taxation 562.3 539.1 Tax calculated using Singapore tax rate of 17% (2022: 17%) 95.6 91.6 Non-deductible expenses 9.2 8.9 Non-taxable income (0.2) (0.6) Under/(over) provision in respect of prior years - current tax (0.4) 0.3 - deferred tax 0.1 0.5 104.3 100.7 47 SP PowerAssets Limited Financial statements Year ended 31 March 2023 24 Profit for the year The following items have been included in arriving at profit for the year: 2023 2022 $ million $ million Exchange (loss)/gain, net (0.6) 0.3 Gain/(loss) on disposal of property, plant and equipment and intangible assets 0.8 (4.0) 25 Related parties For the purpose of the financial statements, parties are considered to be related to the Company if the Company has the ability, directly or indirectly, to control the party or exercise significant influence over the party in making financial and operating decisions, or vice versa, or where the Company and the party are subject to common control or common significant influence. Related parties may be individuals or other entities. The immediate and ultimate holding companies are Singapore Power Limited and Temasek Holdings (Private) Limited (“Temasek”) respectively. These companies are incorporated in the Republic of Singapore. Temasek is an investment company headquartered in Singapore with a diversified investment portfolio. Accordingly, all the subsidiaries of Temasek are related corporations and are subject to common control. The Company engages in a wide variety of transactions with related corporations in the normal course of business on terms similar to those available to other customers. Such transactions include but are not limited to sales and purchases of power, provision of consultancy and engineering services, leasing of cables and ducts, agency services and financial and banking services. The related party transactions are carried out on terms negotiated between the parties which are intended to reflect competitive terms. All electricity supplied to companies in the Temasek group are related party transactions. The Temasek group has extensive interests in a large number of companies. As the Company’s rates for electricity transmission and distribution are based on tariffs approved by the EMA, the Company has concluded that it is not meaningful to present information relating to such revenue. Other than as disclosed elsewhere in the financial statements, transactions with related parties are as follows: Related companies 2023 2022 $ million $ million - management fee expenses (244.1) (232.7) - maintenance expenses (3.4) (3.7) - agency fee expenses (28.9) (27.6) - support service expenses (1.7) (1.6) - service expenses, including leases (6.8) (4.3) - leasing income 5.8 5.3 - service income 1.0 1.1 - trustee fee income 0.4 0.4 Immediate holding company - maintenance expenses (18.1) (17.1) - support service expenses (32.1) (34.5) 48 SP PowerAssets Limited Financial statements Year ended 31 March 2023 26 Financial risk management The Company’s activities expose it to foreign currency, interest rate, credit and liquidity risks which arise in the normal course of business. Generally, the Company’s overall objective is to manage and minimise exposure to such risks. The Company adopts the risk management policies and guidelines established by its immediate holding company, Singapore Power Limited, and has established processes for monitoring compliances with such policies. The Company uses forward foreign currency exchange contracts, interest rate swaps and cross currency interest rate swaps to manage its exposure to foreign currency and interest rate risks respectively. The Company does not enter into or trade financial instruments, including derivative financial instruments, for speculative purposes. The material financial risks associated with the Company’s activities are each described below, together with details of the Company’s policies for managing the risks. Foreign currency risk The Company is exposed to foreign currency risks from borrowing activities, purchase, supply and installation contracts, and trade creditors which are denominated in a currency other than Singapore dollars. The objective of the Company’s risk management policies is to mitigate foreign exchange risk by utilising various hedging instruments. The Company therefore considers avoidable currency risk exposure to be minimal for the Company. The Company enters into cross-currency interest rate swaps to manage exposures arising from foreign currency borrowings including the United States Dollar (“USD”) and Japanese Yen (“JPY”). Under cross-currency interest rate swaps, the Company agrees to exchange specified foreign currency principal and interest amounts at an agreed future date at a pre-determined exchange rate. Such contracts enable the Company to mitigate the risk of adverse movements in foreign exchange rates. Except where a foreign currency borrowing is taken with the intention of providing a natural hedge by matching the underlying cash flows, all foreign currency borrowings are swapped back to Singapore dollars. For foreign currency swaps that do not meet the requirements of hedge accounting, changes in fair value are recorded in profit or loss. The Company uses forward foreign currency exchange contracts to substantially hedge foreign currency risk attributable to purchase transactions. The maturities of the forward foreign currency exchange contracts are intended to match the forecasted progress payments of the supply and installation contracts. Whenever necessary, th

���� �������������� �������������� ������������ ��������������� ���������������� �������������� ��������������� ��������� ��������������� ��������������� ��������������� ������������� ��������������� ��������������� ��������������� ���������� ������������� ��������� �������������� ������������������ ������������� ������������� ���������������� ��� Source: Lianhe Zaobao © Singapore Press Holdings Limited. Permission required for reproduction. ����������� �������������� ��������������� �������������� ���������������� ����������������� ��������������� ������� ��������������� ��������������� ��������������� ��������������� �������������� �������������� ��������������� ���������� �������������� ��������������� ��������������� ��������������� ��������������� ������������� �� �������� ������������ ������������ ������������ ������������ ������������������ ������� ����� �������� ���� �������������� �������� ����������� ��������� ����������� ������������ ������������ �������� ������������� �������� �������� ������������ ��������� ���� �� ������ ��������������������� �������������� ���������������� ����������������������������