SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 NOV 2022 Capacity Charge : $21.28/kWr per month Usage Charge : $0.1549/kWrh

SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 MAY 2024 Capacity Charge : $23.67/kWr per month Usage Charge : $0.0798/kWrh

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 up to 36,000 refrigeration tonnes. Read more What is District Cooling and Heating District cooling and heating is an energy-efficient urban utility service that distributes chilled or hot water and supply air-conditioning to a network of buildings, providing comfort and reliability while reducing carbon emissions. Key Benefits Instead of individual buildings having their own chillers, district cooling reaps the benefits of economies of scale by consolidating chiller and heating capacity, operated and maintained by our expert operations team. With attributes similar to public electricity supply, district cooling is an energy- and economically-efficient urban utility service. It presents attractive value propositions to building owners: Round-the-clock availability and support On-demand flexibility High supply reliability More space for alternative use Lower initial and recurrent operating costs Platinum Green Mark Certification Energy assessment on existing and potential savings To view our list of awards, please click here. Click to download the Supply Conditions for District Cooling and the latest Tariff Rates. Contact us at districtcooling@spgroup.com.sg if you have queries.  Key Projects Marina Bay District World's largest underground district cooling network Situated in Singapore’s Marina Bay financial district, the cooling network has achieved zero supply disruptions since 2006. As one of Singapore’s Top 50 Engineering Feats, the network will be expanded and connected to five more buildings to extend the same reliable and sustainable solution to other buildings in Singapore’s core financial district. Expanding to 32 buildings by 2027 Reduces carbon emissions by nearly 22,000 tonnes annually Read MoreWatch Video Tampines Eco Town Singapore's first brownfield district cooling project In highly developed cities like Singapore, majority of land has been built up and individual building owners are already equipped with their own chiller plants. With Distributed District Cooling (DDC) network – an interconnected cooling system – existing towns and districts may now be able to enjoy a more sustainable way to cool. 7 commercial and community buildings Reduces carbon emissions by more than 1,359 tonnes annually Brownfield District Cooling Feasibility Study: Tampines Central Distributed District Cooling  Download WhitepaperRead moreWatch Video STMicroelectronics (AMK) Singapore's largest industrial district cooling project In partnership with STMicroelectronics (ST), SP Group (SP) will design, build, own, and operate Singapore's largest industrial District Cooling System (DCS) with a cooling capacity of up to 36,000 refrigeration tonnes. The estimated project value of $370 million USD over 20 years, will help the manufacturing company save 20 per cent on cooling-related electricity consumption annually. 5 industrial buildings Reduces carbon emissions by more than 120,000 tonnes annually (Photo credit: STMicroelectronics) Read moreWatch Video Tengah Town Centralised Cooling System Singapore's first centralised cooling public housing township In collaboration with the Housing & Development Board, SP Group will be bringing its first large-scale residential centralised cooling system to Tengah, Singapore’s first smart energy township. Chilled water will be centrally produced from interconnected modular chiller plants built on the rooftops before it is distributed to residential and commercial units for air-conditioning. The centralised cooling system will also be serviced by SP, bringing greater convenience to residents living in Tengah. Provides cooling for up to 18,000 households across 3 districts Residents can enjoy as much as 30 per cent energy savings (Photo credit: HDB) Read moreVisit Microsite Raffles City Chongqing District cooling and heating in China An advanced energy-efficient cooling and heating system was designed and built for Raffles City Chongqing, an iconic integrated development, spanning 1.12 million square metres, comprising a shopping mall, a hotel, office towers, residences and service residences. A megastructure featuring a suite of 8 buildings Reduce energy consumption by more than 40 per cent, compared to conventional building's chiller plants Read more Additional Media Supply condition for Marina Bay district cooling Latest tariff rates for Marina Bay district cooling Latest News Have a business inquiry? Interested to find out more how our integrated services can serve your business needs? Drop us an online enquiry and our qualified professionals will reach out to you. 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SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 MAY 2023 Capacity Charge : $22.58/kWr per month Usage Charge : $0.1419/kWrh

SUPPLY CONDITIONS FOR DISTRICT COOLING SERVICE TABLE OF CONTENTS 1. General and Administrative Provisions 1.1 Purpose of the Conditions 1.2 Definitions 1.3 Hierarchy of Documents 2. General Obligations 2.1 General Obligations of the Service Provider 2.2 General Obligations of the Consumer 3. District Cooling Service Specifications 3.1 Supply Temperature 3.2 Supply Availability 4. Supply Capacity 5. Technical Requirements 5.1 Intake Station 5.2 Service Connection Facilities 5.3 Meter and Metering 6. Billing and Payment 7. Damages and Limitation of Liability 8. Supply Disconnection and Reconnection Schedule 1 – Typical Scheme for Service Connection Facilities 1. General and Administrative Provisions 1.1 Purpose of these Conditions 1.1.1 These Conditions set forth the following with respect to the district cooling service: (i) (ii) (iii) (iv) The standard of performance in accordance with which the Service Provider shall supply the service. The rights and obligations of the Service Provider and a Consumer. The technical requirements and arrangement for supply connection. The general terms and conditions of Supply. 1.2 Definitions 1.2.1 In these Conditions, unless the context otherwise requires: “°C” means units of temperature measurement in degrees Celsius. “Act” means the District Cooling Act (Cap. 84A). “Authority” means the Energy Market Authority of Singapore. “Availability of Supply” with respect to any calendar year, means the ratio of the hours in that year during which the Supply is available to the Consumer, bears to the total number of hours in that year. “Average Return Temperature” with respect to any calendar month, means the arithmetic average of the Return Temperatures for that month. “Capacity Charge” for any calendar month, means the amount payable by the Consumer pursuant to Section 6.3 with respect to that month. “Capacity Overrun Charge” for any calendar month, means the amount payable by the Consumer pursuant to Section 6.4 with respect to that month. “Conditions” means these general conditions for the provision of District Cooling Service. “Consumer Installation” means the Consumer’s chilled water reticulation system and associated equipment constructed and installed by the Consumer and connected to the secondary side of the Heat Exchangers. “Consumer” means the person named as such in this Supply Agreement. “Contract Capacity” means the Supply capacity that the Consumer has requested and the Service Provider has agreed to provide, as stated in the Supply Agreement as may from time to time be amended in writing by the Parties in accordance with this Agreement. “Contract Duration” means the period commencing from the Effective Supply Date and continuing thereafter until it is terminated in accordance with the Supply Agreement. “Default Interest Rate” means a rate equal to the prevailing prime lending rate of the Development Bank of Singapore Limited plus 2% per annum. “District Cooling Service” means the supply of chilled water for space cooling by the Service Provider at the Premises. “District Cooling System” means the whole of the facility used or operated by the Service Provider for or in connection with the provision of District Cooling Service comprising the district cooling plant(s), the distribution pipes, Heat Exchangers and other apparatus including metering equipment but excluding the Consumer Installation. “Effective Supply Date” means the date on which the Supply is provided at the Premises. “Force Majeure Event” means any event or circumstance the occurrence and the effect of which the Party affected thereby is unable to prevent and avoid notwithstanding the exercise of reasonable foresight, diligence and care on the part of that Party, and subject to the foregoing criteria, shall include without limitation: (i) (ii) (iii) (iv) (v) (vi) act of God; storm, floods or other usually severe weather conditions, earthquake, natural disasters, explosions or fire; strikes, work stoppages, work slowdowns or other labour actions (other than those involving employees of the Party affected thereby); acts of war (whether declared or undeclared), invasion, acts of terrorism, riot or sabotage; intervention by government / relevant authority; and change in law. “Heat Exchanger(s)” means heat transfer equipment installed by or on behalf of the Service Provider for the provision of District Cooling Service to the Premises. “Initial Supply Period” means the period commencing on the Effective Supply Date and ending on the fifth anniversary of the Effective Supply Date. “Intake Station” means the site in which the Heat Exchangers and the Consumer’s circulation pumps shall be housed and which is designated by the Parties as the Intake Station for the purposes of the Supply Agreement. “kWr maximum demand” means the maximum of kWr demand integrated over a period of 30 minutes. “Nominal Flow Rate” in respect of any Heat Exchanger means the flow rate of chilled water at the secondary side of the Heat Exchanger corresponding to the Contract Capacity at a Supply Temperature of 6�C and Return Temperature of 14�C. “Normal Operating Conditions” at any time means all of the following conditions: (i) (ii) the Consumer’s demand for District Cooling Service is within the Contract Capacity; and the chilled water flow rate at the secondary side of each Heat Exchanger is greater than 10%, but not more than 100%, of the Nominal Flow Rate of the Heat Exchanger. “Normal Usage Hours” means the period from 7am to 7pm every day excluding Sundays and public holidays. “Parties” means the Service Provider and the Consumer and “Party” means either of them. “Planned Works” shall have the meaning ascribed in Section 3.2.3. “Premises” means the premises at which the Service Provider has agreed to provide the Supply, as stated in the Supply Agreement. “Return Temperature” means the temperature of the water returning from the Consumer Installation to the Heat Exchanger, as measured at the secondary inlet of the Heat Exchanger. “Service Connection Facilities” means the Heat Exchangers, the connection pipes to the district cooling distribution pipes and associated valves, fittings, meters, monitoring and control devices for the provision of District Cooling Service at the Premises. “Service Provider” means Singapore District Cooling Pte Ltd. “Supply” means the provision of District Cooling Service at the Premises at the Contract Capacity and at the Supply Temperature of 6°C � 0.5°C. “Supply Agreement” means the contract between the Consumer and the Service Provider for the provision of District Cooling Service, which incorporates these Conditions. “Supply Temperature” means the temperature of the chilled water supplied to the Consumer pursuant to the District Cooling Service, as measured at the secondary outlet of the Heat Exchangers. “Target Supply Date” means the date the Consumer requires the Contract Capacity and the Service Provider has agreed to make such Contract Capacity available to the Consumer, as stated in the Supply Agreement. “Usage Charge” for any calendar month, means the amount payable by the Consumer pursuant to Section 6.5 with respect to that month. 1.2.2 Words importing a singular number shall include the plural number and vice versa. 1.2.3 The headings in these Conditions are inserted for convenience only and shall be ignored in construing these Conditions. 1.2.4 References to “person” shall include any natural person, corporation, judicial entity, association, statutory body, partnership, limited liability company, joint venture, trust, estate, unincorporated organisation or government, state or any political subdivision, instrumentality, agency or authority, and shall be construed as a reference to such person's successors or permitted assigns. 2. General Obligations 2.1 General Obligations of Service Provider 2.1.1 The Service Provider shall, at its own costs, be responsible for planning, designing, constructing, installing, testing, commissioning, operating and maintaining the District Cooling System and Service Connection Facilities (but without prejudice to the Consumer’s payment obligations under Section 5.2.1). 2.1.2 The Service Provider shall ensure that the District Cooling System is commissioned and fully operational to provide the Supply in accordance with the Supply Agreement by the Target Supply Date and will provide the Supply to the Consumer throughout the Supply Duration in accordance with the terms of the Supply Agreement. 2.2 General Obligations of the Consumer 2.2.1 The Consumer shall arrange for a competent person to design and install the Consumer Installation in accordance with the technical guidance provided by the Service Provider and which shall incorporate the following minimum requirements: (i) (ii) (iii) a control arrangement, via a variable flow system or otherwise, to maintain the Return Temperature at or higher than 14ºC; a filtration system for the return water to the Heat Exchanger with a minimum filtration performance of 200 microns; and a pressure relief device at the interfacing connection set to operate at a pressure at or below 16 barg. 2.2.2 The Consumer shall make the connection of Consumer Installation to the secondary side of the Heat Exchangers, subject to the Consumer Installation having been completed and tested by the Consumer’s competent person to the reasonable satisfaction of the Service Provider. 2.2.3 The Consumer shall not under any circumstances supply District Cooling Service received from the Service Provider to any building or premises other than the Premises. 3. District Cooling Service Specifications 3.1 Supply Temperature 3.1.1 The Service Provider undertakes to regulate the Supply Temperature within 6°C � 0.5°C under Normal Operating Conditions. 3.1.2 The Consumer shall use its best efforts to ensure that the Return Temperature shall be 14°C or higher. 3.2 Supply Availability 3.2.1 Subject to Section 3.2.2 herein, the Supply shall be provided at all times during the Supply Duration on a 24 hourly basis. 3.2.2 The Service Provider shall use its best efforts to prevent any interruption in the provision of the Supply and to minimise the duration of any such interruption. The Service Provider shall notify the Consumer immediately by telephone if there is any unexpected significant change in the operating status of the District Cooling System or if any interruption is expected to occur. 3.2.3 Without prejudice to the generality of Section 3.2.2, the Service Provider shall, in scheduling any maintenance, repair, connection, disconnection, extension and/ or other work in the District Cooling System (“Planned Works”), endeavour so far as is reasonably practicable to : (i) (ii) consult with the Consumer as to the scheduling of the execution of the Planned Works; coincide the execution of the Planned Works outside the Normal Usage Hours ; and (iii) stagger the execution of the Planned Works, such that there shall not be any interruption in the provision of the Supply at the Premises or if an interruption cannot reasonably be avoided, the duration and extent of the interruption is minimised. The Service Provider shall in any event give the Consumer at least 14 days’ prior written notice of the execution of any Planned Works, and such notice shall state the dates on, and times at which the Planned Works will be executed, and the extent to which the provision of the Supply at the Premises will be interrupted. 3.2.4 Nothing in this Agreement shall restrict the Service Provider from taking immediate action to avoid injury to persons or significant damage to property on the occurrence of any emergency, provided that the Service Provider shall give the Consumer as much prior notice as possible. 4. Supply Capacity 4.1 The Contract Capacity shall be fixed for the duration of the Initial Supply Period. However, if the Consumer's requirements for District Cooling Service at the Premises exceed the Contract Capacity, the Consumer may by notice in writing to the Service Provider request that the Contract Capacity be increased to the amount stated in such notice and the Service Provider shall use its best efforts to accommodate the Consumer's request Provided That: (i) (ii) (iii) the quantum of the increase in the Contract Capacity shall not exceed 10% of the prevailing Contract Capacity without the Service Provider’s consent; the increase in the Contract Capacity shall be subject to there being available capacity in the District Cooling System; and if the increase in Contract Capacity necessitates upgrading of the Service Connection Facilities, the Consumer shall pay for the costs of such upgrading work. 4.2 In the event the Consumer’s kWr maximum demand exceeds the Contract Capacity, the Service Provider shall endeavour to provide additional supply capacity on a short-term basis subject to payment of Capacity Overrun Charge by the Consumer. Whenever the Service Provider is of the reasonable opinion that the Consumer’s kWr maximum demand, where it exceeds the Contract Capacity, will or is likely to, interfere with the efficient and reliable supply of district cooling service to other consumers, the Service Provider shall be entitled to limit the Supply to the Consumer up to the Contract Capacity. The Consumer shall immediately, upon request by the Service Provider, limit the kWr maximum demand to its Contract Capacity. 5. Technical Requirements 5.1 Intake Station 5.1.1 The Consumer shall at its own cost provide and construct the Intake Station in accordance with the plans and specifications agreed by the Parties. Such plans and specifications shall not be altered without the agreement in writing of the Service Provider. The Consumer shall ensure that the Intake Station shall be used for plant and equipment linked to the provision of District Cooling Service at the Premises. 5.1.2 The Consumer shall at its own cost maintain the Intake Station inclusive of the building structure, infrastructure, mechanical and electrical services within the Intake Station and general cleanliness of the Intake Station. 5.2 Service Connection Facilities 5.2.1 The Consumer shall pay for the cost of the Service Connection Facilities, which is the amount stated in the Supply Agreement. Notwithstanding such payment by the Consumer, the Service Connection Facilities shall be the property of the Service Provider, and the Service Provider shall be solely responsible for the operation, maintenance and repair of the Service Connection Facilities. 5.2.2 The Consumer shall not operate any device of the Service Connection Facilities nor carry out any work on the Service Connection Facilities. 5.2.3 The Service Connection Facilities and the interfacing connection of the Consumer’s chilled water reticulation system shall be in accordance with the technical arrangement illustrated in Schedule 1. 5.2.4 The Consumer shall provide the Service Provider with reasonable quantities of electricity (for the purpose of operating the control and instrumentation panels of the Service Connection Facilities) and water (for general cleaning purposes) at the Intake Station. Save as aforesaid, the Service Provider shall be responsible for arranging for and procuring all electricity, water and any other utilities and consumables as may be required for the operation of the District Cooling System. 5.3 Meter and Metering 5.3.1 The District Cooling Service delivered to the Consumer shall be measured by metering equipment of a type approved by the Authority. The metering equipment shall be supplied, installed, calibrated and maintained by the Service Provider. 5.3.2 The Service Provider shall ensure that the metering equipment shall at all times be accurate to a tolerance of �3% of the nominal flow of coolant (“permitted tolerance of error”). The accuracy of the meter(s) shall be verified upon its installation and thereafter at periodic intervals not exceeding five years (or such other periods as the Parties may agree in writing) by an independent testing laboratory approved by the Authority. 5.3.3 If the meter(s) shall for any reason become faulty or inaccurate beyond the permitted tolerance of error, the Service Provider shall as soon as possible procure the service, repair, re-calibration and/or replacement of such meter(s) as may be appropriate. The Consumer may at any time by written notice to the Service Provider request that the accuracy of any meter(s) be tested. The Service Provider shall forthwith upon receipt of the Consumer's request arrange for the testing and calibration of such meter(s). The costs of any testing of any meter requested by the Consumer shall be borne by the Consumer unless such testing reveals that the meter is inaccurate beyond the permitted tolerance of error in which case the costs shall be borne by the Service Provider. 5.3.4 Where any meter is found to be inaccurate beyond the permitted tolerance of error, the Service Provider shall make a fair and reasonable estimate of the amount of District Cooling Service provided to the Consumer during the period when the meter was faulty or inaccurate. The Service Provider shall, if appropriate, make retrospective adjustment to the bills previously rendered by the Service Provider with respect to the District Cooling Service based on the readings of such meter for the period since the meter was last inspected and tested and found to be accurate within the permitted tolerance of error. 6. Billing and Payment 6.1 During the Supply Duration, the Consumer shall pay the Service Provider for the District Cooling Service supplied in accordance with provisions in this Section and such tariffs as may be made by the Service Provider from time to time with the approval of the Authority. 6.2 For each billing period of one calendar month, the charges for the District Cooling Service shall be calculated based on:- (i) (ii) (iii) the charge referred to in Section 6.3 (“Capacity Charge”) commencing from the Effective Supply Date; the charge referred to in Section 6.4 (“Capacity Overrun Charge”); and the charge referred to in Section 6.5 (“Usage Charge”). 6.3 The Capacity Charge payable by Consumer is based on the prevailing Contract Capacity subscribed by Consumer measured in units of kilowatt refrigeration (kWr). The Capacity Charge is calculated based on the following: Capacity Charge = Contract Capacity subscribed by Consumer x Contract Capacity Rate (which “Contract Capacity Rate” shall be published by the Service Provider). The Capacity Charge shall be prorated for any billing period which is less than a complete month based on the actual number of days in the billing period. 6.4 Subject to Section 4.2, the Capacity Overrun Charge, which is based on the Consumer’s excess kWr maximum demand, shall be payable, if on any day in the billing period the Consumer’s actual kWr maximum demand exceeds the Contract Capacity. The Capacity Overrun Charge is calculated on a daily basis as follows: Capacity Overrun Charge = 3 x (kWr maximum demand on the day in question – Contract Capacity) x Contract Capacity Rate � 30 6.5 The Usage Charge payable by the Consumer is based on the metered consumption quantity in units of kilowatt-hours refrigeration (kWrh). The Usage Charge is calculated based on the following: Usage Charge = Measured kWrh x Unit kWrh Rate x {1 + [0.03 x (14ºC - AVT)]} where: Measured kWrh Unit kWrh Rate AVT is the metered consumption quantity of District Cooling Service for the billing period in kWrh; is the rate published by the Service Provider; and is the Average Return Temperature during the billing period, provided that if the Average Return Temperature during the billing period exceeds 14ºC, AVT shall nevertheless be 14ºC. 6.6 The Consumer shall pay the Service Provider for the supply of District Cooling Service no later than the due date indicated on the monthly invoice; such due date shall be no earlier than 21 calendar days after the date the invoice is served on the Consumer. Without prejudice to the right of the Service Provider under Section 8.1 to discontinue the supply of District Cooling Service, the Consumer shall pay a late payment charge at the Default Interest Rate for any delay in payment without reasonable excuse, from the date on which such payment was due until such payment is paid in full. All such late payment charge shall be calculated on a 365 day year basis. 6.7 Each invoice rendered by the Service Provider shall be accompanied by copies of such supporting documents as may reasonably be required by the Consumer. 6.8 The Consumer shall bear and pay any goods and services tax payable under the Goods and Services Tax Act (Cap. 117A) imposed in respect of charges payable by the Consumer to the Service Provider for goods and services supplier pursuant to the Supply Agreement. 6.9 The Service Provider may mitigate the risk of non-payment by procuring reasonable security, in the form of cash deposits or such other legal forms of security, from the Consumer for the payment to it of all money which may become due to it for the provision of District Cooling Service. If a Consumer becomes insolvent or goes into liquidation (other than for the purpose of amalgamation or reconstruction) or enters into any arrangement with its creditors or shall have a receiver or administrator appointed over any of its assets, the Service Provider may refuse to continue Supply to the Consumer unless an adequate security has been furnished by the Consumer in relation to its obligation to the payment for the Supply. 6.10 The Service Provider shall give the Consumer at least 14 days' advance notice of any revision to the Service Provider's prevailing Contracted Capacity Rate or Unit kWrh Rate. 7. Damages and Limitation of Liability 7.1 If the Effective Supply Date occurs after the Target Supply Date, the Service Provider shall, unless the delay in the occurrence of the Effective Supply Date was caused by the Consumer or a Force Majeure Event, pay the Consumer as liquidated damages a sum “LD1” per day calculated on a daily basis as follows: LD1 = Contract Capacity x Contract Capacity Rate � 30 for each day from (and including) the Target Supply Date until the Effective Supply Date. 7.2 If the Effective Supply Date occurs after the Target Supply Date and the delay in the occurrence of the Effective Supply Date was caused by the Consumer, the Consumer shall pay the Service Provider the Capacity Charge referred to in Section 6.3 commencing from: (i) (ii) the Target Supply Date; or the date on which the Effective Supply Date would have occurred but for the delay caused by the Consumer, whichever is the later. 7.3 In the event of any interruption or failure in the Supply to the Premises at any time during the Supply Duration, the Service Provider shall pay the Consumer as liquidated damages a sum “LD2” per hour calculated on an hourly basis as follows: LD2 = 2 x Contract Capacity x Contract Capacity Rate � (30 x 24) for each hour the average hourly Supply Temperature exceeds 6.5°C Provided Always That: (i) the Service Provider shall not be obliged to pay liquidated damages pursuant to this Section 7.3 with respect to any interruption or failure in the Supply to the extent that such interruption or failure in the Supply: (a) (b) (c) is caused by interruption of electricity and/or water supplies to the District Cooling System and such interruption was not caused or contributed to by any act or omission on the part of the Service Provider; is caused by a Force Majeure Event; or occurs during a period when the Consumer Installation is not operating within Normal Operating Conditions. (ii) the Service Provider’s liability for liquidated damages pursuant to this Section 7.3 in any period of seven consecutive days shall not exceed the total amount of S$50,000 (Singapore Dollar Fifty Thousand). 7.4 Any amount payable by the Service Provider to the Consumer pursuant to Section 7.3 shall be computed at the end of each calendar month and shall be set-off against any sum payable by the Consumer to the Service Provider in connection with this Agreement and the balance amount after such netting shall be paid by the Consumer to the Service Provider, or vice versa, as the case may be. 7.5 Save as otherwise provided in this Section 7, the Service Provider shall not be liable to the Consumer or anyone relying on the supply of District Cooling Service for any claim, loss, damage or injury howsoever occurring as a result of any fluctuation, failure, reduction or interruption or defect in the supply of District Cooling Service. 8. Supply Disconnection and Reconnection 8.1 The Service Provider shall be entitled to discontinue the Supply and for this purpose to disconnect the Consumer Installation from the Heat Exchangers on the occurrence of either of the following events: (i) (ii) the wilful neglect or refusal by the Consumer to pay any amount payable by the Consumer on the date such amount is due and payable and thereafter within 14 days from the date of service of the Service Provider's written notice to the Consumer requesting payment of the same containing a statement that the Service Provider may rely on this Section 8.1(i) to discontinue the Supply in the event of non-payment; or any default of the Consumer affecting the safety of the Consumer Installation or the efficiency and/or the safety of the District Cooling System Provided That the Consumer fails to remedy the default in question within 14 days from the date of service of the Service Provider's written notice to the Consumer requesting remedial actions of the same contained in a statement that the Service Provider may rely on this Section 8.1(ii) to discontinue the Supply in the event of non-rectification. 8.2 The Consumer shall during any period of such disconnection or interruption, continue to be liable to pay the Capacity Charge. 8.3 In the event of any disconnection pursuant to Section 8.1, the Service Provider shall reconnect the Consumer Installation to the Heat Exchangers and resume the Supply to the Consumer as soon as the event leading to the disconnection is remedied by the Consumer to its reasonable satisfaction. The Consumer shall pay the reasonable costs relating to or in connection with such disconnection and reconnection.

News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed district cooling at seven buildings in Tampines Central by 2025   Singapore, 18 April 2022 – Tampines will be Singapore’s first town centre to be retrofitted with an interconnected, sustainable cooling solution designed by SP Group. Seven existing buildings across the town centre – Century Square, CPF Tampines Building, Income At Tampines Junction, OCBC Tampines Centre 2, Our Tampines Hub, Tampines Mall and Tampines One, will be retrofitted to plug into this novel distributed district cooling (DDC) network, which is specially engineered for brownfield developments to provide the same cooling comfort while saving energy and lowering carbon emissions at the same time. The network will be completed and operational in the first half of 2025. Signing the supply agreement at Our Tampines Hub earlier today, and becoming the first batch of building owners to join the network were CapitaLand, CPF Board, Frasers Property, NTUC Income, OCBC Bank, and People’s Association. The signing ceremony was witnessed by Mr Masagos Zulkifli, Adviser to Tampines GROs, Minister for Social and Family Development, Second Minister for Health and Minister-in-charge of Muslim Affairs. The event is held in conjunction with the CleanEnviro Summit Singapore and the Singapore International Water Week organised by the National Environment Agency and PUB respectively. Instead of constructing a new centralised cooling plant, a DDC utilises existing in-building chiller plants that have been carefully evaluated. A few injection nodes are then selected based on their existing excess cooling capacity and superior energy efficiency factor. By connecting the injection nodes through a piping network, the rest of the buildings can obtain chilled water for their cooling needs, thereby doing away with the need for their own chiller plants completely. This in turn optimises the installed cooling capacity, ensures chiller systems operate at maximum efficiency, and leads to more benefits including reducing equipment costs and freeing up leasable space. Of the seven buildings in Tampines plugging into the DDC network, Century Square, Our Tampines Hub and Tampines One will serve as injection nodes. In addition, SP has signed a Letter of Intent (LOI) with Ascendas Reit to design, build, own and operate the chiller plant at Telepark. This will ready Telepark to be a potential injection node for the network to serve future demands. All in, this brownfield cooling network will help the town centre reduce its carbon emissions by 1,359 tonnes annually, equivalent to removing 1,236 cars off our roads. It will also achieve energy savings of more than 2,800,000 kilowatt-hour (kWh) annually, which can power more than 905 three-room HDB households for a year. The realisation of this green solution was brought about through a partnership between Tampines GRC, MSE, Temasek and SP Group, with the strong support of building owners. It comes just eight months after a successful feasibility study of brownfield distributed district cooling was published in August 2021, affirming the various parties’ commitment to the nation’s sustainable development. Mr Masagos Zulkifli, Adviser to Tampines GROs, Minister for Social and Family Development, Second Minister for Health and Minister-in-charge of Muslim Affairs said: “The significance of this project should not be overlooked because it illustrates how sustainable solutions can be integrated to transform existing townships. In international forums, pressure to show and prove commitment to adaptation and mitigation for climate change is mounting. This project is therefore crucial to Singapore given that a significant proportion of our building stock today will continue to exist in 2050. The energy and cost savings, as well as reduction in carbon emissions enjoyed by building owners prove that with the right solutions, doing good and doing well are not mutually exclusive and will address our challenge posed by climate change.” “Novel sustainable solutions such as distributed district cooling can help scale practical and sustainable benefits not only for cities, but also for businesses as well as communities around the world. We will continue partnering like-minded organisations and businesses to catalyse breakthrough technologies that mitigate the impact of the climate crisis, and pave the way to a low-carbon future,” said Dr Steve Howard, Chief Sustainability Officer, Temasek. SP’s Group Chief Executive Officer, Mr Stanley Huang, said, “The widespread implementation of low-carbon technologies like distributed district cooling can make a significant contribution towards Singapore’s climate ambitions. We are encouraged by the strong support from building owners for this sustainable cooling solution, which will contribute towards Tampines’ Eco-Town ambitions and will also create a long-term sustainable impact for Singapore’s built environment.” The introduction of a brownfield DDC at Tampines supports the Singapore Green Plan 2030, which is a whole-of-nation movement to advance Singapore’s national agenda on sustainable development. Cooling contributes to Singapore’s annual carbon emissions, as air-conditioning can utilise up to 50 per cent of a building’s energy consumption. With more than 80 per cent of Singapore’s landscape being brownfield, a wider application of such a sustainable cooling solution will contribute towards the energy goals under the Green Plan and Singapore’s climate targets of reaching net zero by or around mid-century. In addition to the energy savings and reduction in carbon emissions, the DDC network will provide building owners combined life-cycle economic benefits of up to $50.8 million over 30 years. Through interconnection across the various buildings, the DDC will also reduce the current unutilised cooling capacity by up to 42 per cent, freeing up chiller plant gross floor area (GFA) that can be converted to commercial and lifestyle spaces. - Ends - Quotes from Building Owners Quote from CapitaLand Investment1 “As a global sustainability leader consistently recognised as one of the most sustainable corporations in the world, CapitaLand has played an active role in greening the built environment to reduce our carbon footprint. Sustainability is integrated into everything we do, from investment to property design, development and operations. CapitaLand has adopted district cooling for nine of our properties in Singapore and China. As one of the pioneers to join Singapore’s first brownfield distributed district cooling network, we look forward to further reducing energy consumption and carbon emissions at our properties in line with CapitaLand’s 2030 Sustainability Master Plan to increase our sustainability efforts globally. We are also intensifying our global search for innovations through our CapitaLand Sustainability X Challenge and stepping up our adoption of sustainable finance, among others. As we grow our business, we remain committed to creating a positive impact to the environmental and social well-being of the communities.” Ms Lynette Leong, Chief Sustainability Officer, CapitaLand Investment Quote from CPF Board “At CPF, it’s ingrained in our culture to take a long view to build a strong foundation for citizens’ retirement needs. It is our collective responsibility to tread lightly on this planet and do our part for long-term sustainability. This Distributed District Cooling system could not have been more timely. It will reduce our carbon emissions by about 6% over 30 years." Mr Augustin Lee, Chief Executive Officer, CPF Board Quote from Frasers Property “As we move towards being a net-zero carbon corporation by 2050, sustainability is a key business priority for Frasers Property. Being one of the leading suburban mall owners in Singapore, we have a responsibility to build a sustainable environment as buildings are large emitter of carbon. The Tampines DDC project is a ground-breaking initiative which holds significant potential and positive impact for Singapore, and is one of our strategic partnerships with like-minded corporations to support and ensure a sustainable built environment. We are glad to be able to contribute to this project with Tampines One and Century Square serving as two out of the three injection nodes to produce and supply chilled water to the precinct, and look forward to seeing the township reap the benefits of this plan. In time, we hope that the success of this DDC network will attract the participation of other building owners and industry players, to contribute to the ever-important goal of promoting sustainable living and achieving a greener future for all.” Mr Low Chee Wah, Chief Executive Officer, Frasers Property Retail Quote from NTUC Income As a well-known landmark building at Tampines Central, it is only apt for Income at Tampines Junction to be amongst the first batch of buildings to join the distributed district cooling network. We look forward to doing our part in Singapore’s efforts towards climate change initiatives while reaping the benefits of energy savings and lower carbon emissions.” Mr Teo Yung Fung, Chief Investment Officer, Mercatus Co-operative Limited (on behalf of NTUC Income) Quote from OCBC Bank “Embedding responsible and sustainable business practices into everything we do is integral to OCBC’s purpose. Climate change and its effects have made sustainability a fundamental business driver and an agenda for collective action. We are pleased to be partnering like-minded organisations such as SP Group and our neighbouring building owners on this initiative that seeks to reduce energy consumption and our carbon footprint.” Mr Lim Khiang Tong, Group Chief Operating Officer, OCBC Bank Quote from People’s Association “Our Tampines Hub is a Green Mark Platinum certified building. Since the planning and development of Our Tampines Hub, People’s Association has paid special attention and incorporated various sustainable and eco-friendly elements throughout the entire building. These include but is not limited to harnessing solar energy to generate power and electricity, an on-site wastes treatment machine to convert food wastes to non-potable water, liquid plant nutrients and organic fertilisers and installation of Ethylene Tetrafluoroethylene (ETFE) roofs to lower temperature in the building. The largest number of Electric Vehicle (EV) charging stations was also launched in 2018 in Our Tampines Hub to encourage EV adoption. As one of the major injection nodes for the Distribution District Cooling in Tampines Central, the participation by Our Tampines Hub will achieve reduction in both electricity consumption and carbon footprint which are part of People’s Association effort towards Singapore’s agenda on sustainable development.” Mr Lim Hock Yu, Chief Executive Director, People’s Association About Temasek Temasek is an investment company with a net portfolio value of S$381 billion as at 31 March 2021. Our Temasek Charter defines our three roles as an Investor, Institution and Steward, and shapes our ethos to do well, do right, and do good. As a provider of catalytic capital, we seek to enable solutions to key global challenges. We deploy financial capital to stimulate innovation and growth; develop human capital to uplift capabilities and enhance potential; enable natural capital and foster sustainable solutions for the climate and a better living environment; and seed social capital to transform lives for a more inclusive and resilient world. Sustainability is at the core of all that we do. We actively seek sustainable solutions to address present and future challenges, as we capture investible opportunities to bring about a sustainable future for all. Temasek has had overall corporate credit ratings of Aaa/AAA by rating agencies Moody’s Investors Service and S&P Global Ratings respectively, since our inaugural credit ratings in 2004. Headquartered in Singapore, we have 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen and Singapore in Asia; and London, Brussels, New York, San Francisco, Washington DC, Mexico City, and Sao Paulo outside Asia. For more information on Temasek, please visit www.temasek.com.sg For Temasek Review 2021, please visit www.temasekreview.com.sg About SP Group SP Group is a leading utilities group in the Asia Pacific, empowering the future of energy with low-carbon, smart energy solutions for its customers. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and sustainable energy solutions in Singapore, China and Vietnam. 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 and renewable energy solutions such as microgrids, cooling and heating systems for business districts and residential townships, solar energy solutions, electric vehicle fast charging and digital energy solutions 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.

Search SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8ae71105-507f-4abc-8e63-53015ea1dff7/%5BInfo%5D+Tariff+for+District+Cooling+(from+1+May+2022).pdf?MOD=AJPERES&CVID= SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 NOV 2022 Capacity Charge : $21.28/kWr per month Usage Charge : $0.1549/kWrh 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 up to 36,000 refrigeration tonnes. Read more What is District Cooling and Heating District cooling and heating is an energy-efficient urban utility service that distributes chilled or hot water and supply air-conditioning to a network of buildings, providing comfort and reliability while reducing carbon emissions. Key Benefits Instead of individual buildings having their own chillers, district cooling reaps the benefits of economies of scale by consolidating chiller and heating capacity, operated and maintained by our expert operations team. With attributes similar to public electricity supply, district cooling is an energy- and economically-efficient urban utility service. It presents attractive value propositions to building owners: Round-the-clock availability and support On-demand flexibility High supply reliability More space for alternative use Lower initial and recurrent operating costs Platinum Green Mark Certification Energy assessment on existing and potential savings To view our list of awards, please click here. Click to download the Supply Conditions for District Cooling and the latest Tariff Rates. Contact us at districtcooling@spgroup.com.sg if you have queries.  Key Projects Marina Bay District World's largest underground district cooling network Situated in Singapore’s Marina Bay financial district, the cooling network has achieved zero supply disruptions since 2006. As one of Singapore’s Top 50 Engineering Feats, the network will be expanded and connected to five more buildings to extend the same reliable and sustainable solution to other buildings in Singapore’s core financial district. Expanding to 32 buildings by 2027 Reduces carbon emissions by nearly 22,000 tonnes annually Read MoreWatch Video Tampines Eco Town Singapore's first brownfield district cooling project In highly developed cities like Singapore, majority of land has been built up and individual building owners are already equipped with their own chiller plants. With Distributed District Cooling (DDC) network – an interconnected cooling system – existing towns and districts may now be able to enjoy a more sustainable way to cool. 7 commercial and community buildings Reduces carbon emissions by more than 1,359 tonnes annually Brownfield District Cooling Feasibility Study: Tampines Central Distributed District Cooling  Download WhitepaperRead moreWatch Video STMicroelectronics (AMK) Singapore's largest industrial district cooling project In partnership with STMicroelectronics (ST), SP Group (SP) will design, build, own, and operate Singapore's largest industrial District Cooling System (DCS) with a cooling capacity of up to 36,000 refrigeration tonnes. The estimated project value of $370 million USD over 20 years, will help the manufacturing company save 20 per cent on cooling-related electricity consumption annually. 5 industrial buildings Reduces carbon emissions by more than 120,000 tonnes annually (Photo credit: STMicroelectronics) Read moreWatch Video Tengah Town Centralised Cooling System Singapore's first centralised cooling public housing township In collaboration with the Housing & Development Board, SP Group will be bringing its first large-scale residential centralised cooling system to Tengah, Singapore’s first smart energy township. Chilled water will be centrally produced from interconnected modular chiller plants built on the rooftops before it is distributed to residential and commercial units for air-conditioning. The centralised cooling system will also be serviced by SP, bringing greater convenience to residents living in Tengah. Provides cooling for up to 18,000 households across 3 districts Residents can enjoy as much as 30 per cent energy savings (Photo credit: HDB) Read moreVisit Microsite Raffles City Chongqing District cooling and heating in China An advanced energy-efficient cooling and heating system was designed and built for Raffles City Chongqing, an iconic integrated development, spanning 1.12 million square metres, comprising a shopping mall, a hotel, office towers, residences and service residences. A megastructure featuring a suite of 8 buildings Reduce energy consumption by more than 40 per cent, compared to conventional building's chiller plants Read more Additional Media Supply condition for Marina Bay district cooling Latest tariff rates for Marina Bay district cooling Latest News Have a business inquiry? Interested to find out more how our integrated services can serve your business needs? Drop us an online enquiry and our qualified professionals will reach out to you. Contact Us Form Our Integrated Energy Solutions District Cooling & Heating Electric Vehicle Solutions Digital Products Renewable Energy Climate Services Hide SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/jcr:0a5abe66-cae2-4aad-9ec2-b4c986f9c8dc/Tariffs%20for%20District%20Cooling%20Service%20(wef%201%20May%202024).pdf SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 MAY 2024 Capacity Charge : $23.67/kWr per month Usage Charge : $0.0798/kWrh SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/spgroup/pdf/sustainable-energy-solutions/district-cooling-and-heating/Tariffs-for-District-Cooling-Service--wef-1-May-2023-.pdf SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 MAY 2023 Capacity Charge : $22.58/kWr per month Usage Charge : $0.1419/kWrh [Info] Supply Conditions for District Cooling Servicehttps://www.spgroup.com.sg/dam/jcr:e11e2c07-2c40-44b8-8306-7f59798fb50e/Supply%20Conditions%20for%20District%20Cooling%20Service.pdf SUPPLY CONDITIONS FOR DISTRICT COOLING SERVICE TABLE OF CONTENTS 1. General and Administrative Provisions 1.1 Purpose of the Conditions 1.2 Definitions 1.3 Hierarchy of Documents 2. General Obligations 2.1 General Obligations of the Service Provider 2.2 General Obligations of the Consumer 3. District Cooling Service Specifications 3.1 Supply Temperature 3.2 Supply Availability 4. Supply Capacity 5. Technical Requirements 5.1 Intake Station 5.2 Service Connection Facilities 5.3 Meter and Metering 6. Billing and Payment 7. Damages and Limitation of Liability 8. Supply Disconnection and Reconnection Schedule 1 – Typical Scheme for Service Connection Facilities 1. General and Administrative Provisions 1.1 Purpose of these Conditions 1.1.1 These Conditions set forth the following with respect to the district cooling service: (i) (ii) (iii) (iv) The standard of performance in accordance with which the Service Provider shall supply the service. The rights and obligations of the Service Provider and a Consumer. The technical requirements and arrangement for supply connection. The general terms and conditions of Supply. 1.2 Definitions 1.2.1 In these Conditions, unless the context otherwise requires: “°C” means units of temperature measurement in degrees Celsius. “Act” means the District Cooling Act (Cap. 84A). “Authority” means the Energy Market Authority of Singapore. “Availability of Supply” with respect to any calendar year, means the ratio of the hours in that year during which the Supply is available to the Consumer, bears to the total number of hours in that year. “Average Return Temperature” with respect to any calendar month, means the arithmetic average of the Return Temperatures for that month. “Capacity Charge” for any calendar month, means the amount payable by the Consumer pursuant to Section 6.3 with respect to that month. “Capacity Overrun Charge” for any calendar month, means the amount payable by the Consumer pursuant to Section 6.4 with respect to that month. “Conditions” means these general conditions for the provision of District Cooling Service. “Consumer Installation” means the Consumer’s chilled water reticulation system and associated equipment constructed and installed by the Consumer and connected to the secondary side of the Heat Exchangers. “Consumer” means the person named as such in this Supply Agreement. “Contract Capacity” means the Supply capacity that the Consumer has requested and the Service Provider has agreed to provide, as stated in the Supply Agreement as may from time to time be amended in writing by the Parties in accordance with this Agreement. “Contract Duration” means the period commencing from the Effective Supply Date and continuing thereafter until it is terminated in accordance with the Supply Agreement. “Default Interest Rate” means a rate equal to the prevailing prime lending rate of the Development Bank of Singapore Limited plus 2% per annum. “District Cooling Service” means the supply of chilled water for space cooling by the Service Provider at the Premises. “District Cooling System” means the whole of the facility used or operated by the Service Provider for or in connection with the provision of District Cooling Service comprising the district cooling plant(s), the distribution pipes, Heat Exchangers and other apparatus including metering equipment but excluding the Consumer Installation. “Effective Supply Date” means the date on which the Supply is provided at the Premises. “Force Majeure Event” means any event or circumstance the occurrence and the effect of which the Party affected thereby is unable to prevent and avoid notwithstanding the exercise of reasonable foresight, diligence and care on the part of that Party, and subject to the foregoing criteria, shall include without limitation: (i) (ii) (iii) (iv) (v) (vi) act of God; storm, floods or other usually severe weather conditions, earthquake, natural disasters, explosions or fire; strikes, work stoppages, work slowdowns or other labour actions (other than those involving employees of the Party affected thereby); acts of war (whether declared or undeclared), invasion, acts of terrorism, riot or sabotage; intervention by government / relevant authority; and change in law. “Heat Exchanger(s)” means heat transfer equipment installed by or on behalf of the Service Provider for the provision of District Cooling Service to the Premises. “Initial Supply Period” means the period commencing on the Effective Supply Date and ending on the fifth anniversary of the Effective Supply Date. “Intake Station” means the site in which the Heat Exchangers and the Consumer’s circulation pumps shall be housed and which is designated by the Parties as the Intake Station for the purposes of the Supply Agreement. “kWr maximum demand” means the maximum of kWr demand integrated over a period of 30 minutes. “Nominal Flow Rate” in respect of any Heat Exchanger means the flow rate of chilled water at the secondary side of the Heat Exchanger corresponding to the Contract Capacity at a Supply Temperature of 6�C and Return Temperature of 14�C. “Normal Operating Conditions” at any time means all of the following conditions: (i) (ii) the Consumer’s demand for District Cooling Service is within the Contract Capacity; and the chilled water flow rate at the secondary side of each Heat Exchanger is greater than 10%, but not more than 100%, of the Nominal Flow Rate of the Heat Exchanger. “Normal Usage Hours” means the period from 7am to 7pm every day excluding Sundays and public holidays. “Parties” means the Service Provider and the Consumer and “Party” means either of them. “Planned Works” shall have the meaning ascribed in Section 3.2.3. “Premises” means the premises at which the Service Provider has agreed to provide the Supply, as stated in the Supply Agreement. “Return Temperature” means the temperature of the water returning from the Consumer Installation to the Heat Exchanger, as measured at the secondary inlet of the Heat Exchanger. “Service Connection Facilities” means the Heat Exchangers, the connection pipes to the district cooling distribution pipes and associated valves, fittings, meters, monitoring and control devices for the provision of District Cooling Service at the Premises. “Service Provider” means Singapore District Cooling Pte Ltd. “Supply” means the provision of District Cooling Service at the Premises at the Contract Capacity and at the Supply Temperature of 6°C � 0.5°C. “Supply Agreement” means the contract between the Consumer and the Service Provider for the provision of District Cooling Service, which incorporates these Conditions. “Supply Temperature” means the temperature of the chilled water supplied to the Consumer pursuant to the District Cooling Service, as measured at the secondary outlet of the Heat Exchangers. “Target Supply Date” means the date the Consumer requires the Contract Capacity and the Service Provider has agreed to make such Contract Capacity available to the Consumer, as stated in the Supply Agreement. “Usage Charge” for any calendar month, means the amount payable by the Consumer pursuant to Section 6.5 with respect to that month. 1.2.2 Words importing a singular number shall include the plural number and vice versa. 1.2.3 The headings in these Conditions are inserted for convenience only and shall be ignored in construing these Conditions. 1.2.4 References to “person” shall include any natural person, corporation, judicial entity, association, statutory body, partnership, limited liability company, joint venture, trust, estate, unincorporated organisation or government, state or any political subdivision, instrumentality, agency or authority, and shall be construed as a reference to such person's successors or permitted assigns. 2. General Obligations 2.1 General Obligations of Service Provider 2.1.1 The Service Provider shall, at its own costs, be responsible for planning, designing, constructing, installing, testing, commissioning, operating and maintaining the District Cooling System and Service Connection Facilities (but without prejudice to the Consumer’s payment obligations under Section 5.2.1). 2.1.2 The Service Provider shall ensure that the District Cooling System is commissioned and fully operational to provide the Supply in accordance with the Supply Agreement by the Target Supply Date and will provide the Supply to the Consumer throughout the Supply Duration in accordance with the terms of the Supply Agreement. 2.2 General Obligations of the Consumer 2.2.1 The Consumer shall arrange for a competent person to design and install the Consumer Installation in accordance with the technical guidance provided by the Service Provider and which shall incorporate the following minimum requirements: (i) (ii) (iii) a control arrangement, via a variable flow system or otherwise, to maintain the Return Temperature at or higher than 14ºC; a filtration system for the return water to the Heat Exchanger with a minimum filtration performance of 200 microns; and a pressure relief device at the interfacing connection set to operate at a pressure at or below 16 barg. 2.2.2 The Consumer shall make the connection of Consumer Installation to the secondary side of the Heat Exchangers, subject to the Consumer Installation having been completed and tested by the Consumer’s competent person to the reasonable satisfaction of the Service Provider. 2.2.3 The Consumer shall not under any circumstances supply District Cooling Service received from the Service Provider to any building or premises other than the Premises. 3. District Cooling Service Specifications 3.1 Supply Temperature 3.1.1 The Service Provider undertakes to regulate the Supply Temperature within 6°C � 0.5°C under Normal Operating Conditions. 3.1.2 The Consumer shall use its best efforts to ensure that the Return Temperature shall be 14°C or higher. 3.2 Supply Availability 3.2.1 Subject to Section 3.2.2 herein, the Supply shall be provided at all times during the Supply Duration on a 24 hourly basis. 3.2.2 The Service Provider shall use its best efforts to prevent any interruption in the provision of the Supply and to minimise the duration of any such interruption. The Service Provider shall notify the Consumer immediately by telephone if there is any unexpected significant change in the operating status of the District Cooling System or if any interruption is expected to occur. 3.2.3 Without prejudice to the generality of Section 3.2.2, the Service Provider shall, in scheduling any maintenance, repair, connection, disconnection, extension and/ or other work in the District Cooling System (“Planned Works”), endeavour so far as is reasonably practicable to : (i) (ii) consult with the Consumer as to the scheduling of the execution of the Planned Works; coincide the execution of the Planned Works outside the Normal Usage Hours ; and (iii) stagger the execution of the Planned Works, such that there shall not be any interruption in the provision of the Supply at the Premises or if an interruption cannot reasonably be avoided, the duration and extent of the interruption is minimised. The Service Provider shall in any event give the Consumer at least 14 days’ prior written notice of the execution of any Planned Works, and such notice shall state the dates on, and times at which the Planned Works will be executed, and the extent to which the provision of the Supply at the Premises will be interrupted. 3.2.4 Nothing in this Agreement shall restrict the Service Provider from taking immediate action to avoid injury to persons or significant damage to property on the occurrence of any emergency, provided that the Service Provider shall give the Consumer as much prior notice as possible. 4. Supply Capacity 4.1 The Contract Capacity shall be fixed for the duration of the Initial Supply Period. However, if the Consumer's requirements for District Cooling Service at the Premises exceed the Contract Capacity, the Consumer may by notice in writing to the Service Provider request that the Contract Capacity be increased to the amount stated in such notice and the Service Provider shall use its best efforts to accommodate the Consumer's request Provided That: (i) (ii) (iii) the quantum of the increase in the Contract Capacity shall not exceed 10% of the prevailing Contract Capacity without the Service Provider’s consent; the increase in the Contract Capacity shall be subject to there being available capacity in the District Cooling System; and if the increase in Contract Capacity necessitates upgrading of the Service Connection Facilities, the Consumer shall pay for the costs of such upgrading work. 4.2 In the event the Consumer’s kWr maximum demand exceeds the Contract Capacity, the Service Provider shall endeavour to provide additional supply capacity on a short-term basis subject to payment of Capacity Overrun Charge by the Consumer. Whenever the Service Provider is of the reasonable opinion that the Consumer’s kWr maximum demand, where it exceeds the Contract Capacity, will or is likely to, interfere with the efficient and reliable supply of district cooling service to other consumers, the Service Provider shall be entitled to limit the Supply to the Consumer up to the Contract Capacity. The Consumer shall immediately, upon request by the Service Provider, limit the kWr maximum demand to its Contract Capacity. 5. Technical Requirements 5.1 Intake Station 5.1.1 The Consumer shall at its own cost provide and construct the Intake Station in accordance with the plans and specifications agreed by the Parties. Such plans and specifications shall not be altered without the agreement in writing of the Service Provider. The Consumer shall ensure that the Intake Station shall be used for plant and equipment linked to the provision of District Cooling Service at the Premises. 5.1.2 The Consumer shall at its own cost maintain the Intake Station inclusive of the building structure, infrastructure, mechanical and electrical services within the Intake Station and general cleanliness of the Intake Station. 5.2 Service Connection Facilities 5.2.1 The Consumer shall pay for the cost of the Service Connection Facilities, which is the amount stated in the Supply Agreement. Notwithstanding such payment by the Consumer, the Service Connection Facilities shall be the property of the Service Provider, and the Service Provider shall be solely responsible for the operation, maintenance and repair of the Service Connection Facilities. 5.2.2 The Consumer shall not operate any device of the Service Connection Facilities nor carry out any work on the Service Connection Facilities. 5.2.3 The Service Connection Facilities and the interfacing connection of the Consumer’s chilled water reticulation system shall be in accordance with the technical arrangement illustrated in Schedule 1. 5.2.4 The Consumer shall provide the Service Provider with reasonable quantities of electricity (for the purpose of operating the control and instrumentation panels of the Service Connection Facilities) and water (for general cleaning purposes) at the Intake Station. Save as aforesaid, the Service Provider shall be responsible for arranging for and procuring all electricity, water and any other utilities and consumables as may be required for the operation of the District Cooling System. 5.3 Meter and Metering 5.3.1 The District Cooling Service delivered to the Consumer shall be measured by metering equipment of a type approved by the Authority. The metering equipment shall be supplied, installed, calibrated and maintained by the Service Provider. 5.3.2 The Service Provider shall ensure that the metering equipment shall at all times be accurate to a tolerance of �3% of the nominal flow of coolant (“permitted tolerance of error”). The accuracy of the meter(s) shall be verified upon its installation and thereafter at periodic intervals not exceeding five years (or such other periods as the Parties may agree in writing) by an independent testing laboratory approved by the Authority. 5.3.3 If the meter(s) shall for any reason become faulty or inaccurate beyond the permitted tolerance of error, the Service Provider shall as soon as possible procure the service, repair, re-calibration and/or replacement of such meter(s) as may be appropriate. The Consumer may at any time by written notice to the Service Provider request that the accuracy of any meter(s) be tested. The Service Provider shall forthwith upon receipt of the Consumer's request arrange for the testing and calibration of such meter(s). The costs of any testing of any meter requested by the Consumer shall be borne by the Consumer unless such testing reveals that the meter is inaccurate beyond the permitted tolerance of error in which case the costs shall be borne by the Service Provider. 5.3.4 Where any meter is found to be inaccurate beyond the permitted tolerance of error, the Service Provider shall make a fair and reasonable estimate of the amount of District Cooling Service provided to the Consumer during the period when the meter was faulty or inaccurate. The Service Provider shall, if appropriate, make retrospective adjustment to the bills previously rendered by the Service Provider with respect to the District Cooling Service based on the readings of such meter for the period since the meter was last inspected and tested and found to be accurate within the permitted tolerance of error. 6. Billing and Payment 6.1 During the Supply Duration, the Consumer shall pay the Service Provider for the District Cooling Service supplied in accordance with provisions in this Section and such tariffs as may be made by the Service Provider from time to time with the approval of the Authority. 6.2 For each billing period of one calendar month, the charges for the District Cooling Service shall be calculated based on:- (i) (ii) (iii) the charge referred to in Section 6.3 (“Capacity Charge”) commencing from the Effective Supply Date; the charge referred to in Section 6.4 (“Capacity Overrun Charge”); and the charge referred to in Section 6.5 (“Usage Charge”). 6.3 The Capacity Charge payable by Consumer is based on the prevailing Contract Capacity subscribed by Consumer measured in units of kilowatt refrigeration (kWr). The Capacity Charge is calculated based on the following: Capacity Charge = Contract Capacity subscribed by Consumer x Contract Capacity Rate (which “Contract Capacity Rate” shall be published by the Service Provider). The Capacity Charge shall be prorated for any billing period which is less than a complete month based on the actual number of days in the billing period. 6.4 Subject to Section 4.2, the Capacity Overrun Charge, which is based on the Consumer’s excess kWr maximum demand, shall be payable, if on any day in the billing period the Consumer’s actual kWr maximum demand exceeds the Contract Capacity. The Capacity Overrun Charge is calculated on a daily basis as follows: Capacity Overrun Charge = 3 x (kWr maximum demand on the day in question – Contract Capacity) x Contract Capacity Rate � 30 6.5 The Usage Charge payable by the Consumer is based on the metered consumption quantity in units of kilowatt-hours refrigeration (kWrh). The Usage Charge is calculated based on the following: Usage Charge = Measured kWrh x Unit kWrh Rate x {1 + [0.03 x (14ºC - AVT)]} where: Measured kWrh Unit kWrh Rate AVT is the metered consumption quantity of District Cooling Service for the billing period in kWrh; is the rate published by the Service Provider; and is the Average Return Temperature during the billing period, provided that if the Average Return Temperature during the billing period exceeds 14ºC, AVT shall nevertheless be 14ºC. 6.6 The Consumer shall pay the Service Provider for the supply of District Cooling Service no later than the due date indicated on the monthly invoice; such due date shall be no earlier than 21 calendar days after the date the invoice is served on the Consumer. Without prejudice to the right of the Service Provider under Section 8.1 to discontinue the supply of District Cooling Service, the Consumer shall pay a late payment charge at the Default Interest Rate for any delay in payment without reasonable excuse, from the date on which such payment was due until such payment is paid in full. All such late payment charge shall be calculated on a 365 day year basis. 6.7 Each invoice rendered by the Service Provider shall be accompanied by copies of such supporting documents as may reasonably be required by the Consumer. 6.8 The Consumer shall bear and pay any goods and services tax payable under the Goods and Services Tax Act (Cap. 117A) imposed in respect of charges payable by the Consumer to the Service Provider for goods and services supplier pursuant to the Supply Agreement. 6.9 The Service Provider may mitigate the risk of non-payment by procuring reasonable security, in the form of cash deposits or such other legal forms of security, from the Consumer for the payment to it of all money which may become due to it for the provision of District Cooling Service. If a Consumer becomes insolvent or goes into liquidation (other than for the purpose of amalgamation or reconstruction) or enters into any arrangement with its creditors or shall have a receiver or administrator appointed over any of its assets, the Service Provider may refuse to continue Supply to the Consumer unless an adequate security has been furnished by the Consumer in relation to its obligation to the payment for the Supply. 6.10 The Service Provider shall give the Consumer at least 14 days' advance notice of any revision to the Service Provider's prevailing Contracted Capacity Rate or Unit kWrh Rate. 7. Damages and Limitation of Liability 7.1 If the Effective Supply Date occurs after the Target Supply Date, the Service Provider shall, unless the delay in the occurrence of the Effective Supply Date was caused by the Consumer or a Force Majeure Event, pay the Consumer as liquidated damages a sum “LD1” per day calculated on a daily basis as follows: LD1 = Contract Capacity x Contract Capacity Rate � 30 for each day from (and including) the Target Supply Date until the Effective Supply Date. 7.2 If the Effective Supply Date occurs after the Target Supply Date and the delay in the occurrence of the Effective Supply Date was caused by the Consumer, the Consumer shall pay the Service Provider the Capacity Charge referred to in Section 6.3 commencing from: (i) (ii) the Target Supply Date; or the date on which the Effective Supply Date would have occurred but for the delay caused by the Consumer, whichever is the later. 7.3 In the event of any interruption or failure in the Supply to the Premises at any time during the Supply Duration, the Service Provider shall pay the Consumer as liquidated damages a sum “LD2” per hour calculated on an hourly basis as follows: LD2 = 2 x Contract Capacity x Contract Capacity Rate � (30 x 24) for each hour the average hourly Supply Temperature exceeds 6.5°C Provided Always That: (i) the Service Provider shall not be obliged to pay liquidated damages pursuant to this Section 7.3 with respect to any interruption or failure in the Supply to the extent that such interruption or failure in the Supply: (a) (b) (c) is caused by interruption of electricity and/or water supplies to the District Cooling System and such interruption was not caused or contributed to by any act or omission on the part of the Service Provider; is caused by a Force Majeure Event; or occurs during a period when the Consumer Installation is not operating within Normal Operating Conditions. (ii) the Service Provider’s liability for liquidated damages pursuant to this Section 7.3 in any period of seven consecutive days shall not exceed the total amount of S$50,000 (Singapore Dollar Fifty Thousand). 7.4 Any amount payable by the Service Provider to the Consumer pursuant to Section 7.3 shall be computed at the end of each calendar month and shall be set-off against any sum payable by the Consumer to the Service Provider in connection with this Agreement and the balance amount after such netting shall be paid by the Consumer to the Service Provider, or vice versa, as the case may be. 7.5 Save as otherwise provided in this Section 7, the Service Provider shall not be liable to the Consumer or anyone relying on the supply of District Cooling Service for any claim, loss, damage or injury howsoever occurring as a result of any fluctuation, failure, reduction or interruption or defect in the supply of District Cooling Service. 8. Supply Disconnection and Reconnection 8.1 The Service Provider shall be entitled to discontinue the Supply and for this purpose to disconnect the Consumer Installation from the Heat Exchangers on the occurrence of either of the following events: (i) (ii) the wilful neglect or refusal by the Consumer to pay any amount payable by the Consumer on the date such amount is due and payable and thereafter within 14 days from the date of service of the Service Provider's written notice to the Consumer requesting payment of the same containing a statement that the Service Provider may rely on this Section 8.1(i) to discontinue the Supply in the event of non-payment; or any default of the Consumer affecting the safety of the Consumer Installation or the efficiency and/or the safety of the District Cooling System Provided That the Consumer fails to remedy the default in question within 14 days from the date of service of the Service Provider's written notice to the Consumer requesting remedial actions of the same contained in a statement that the Service Provider may rely on this Section 8.1(ii) to discontinue the Supply in the event of non-rectification. 8.2 The Consumer shall during any period of such disconnection or interruption, continue to be liable to pay the Capacity Charge. 8.3 In the event of any disconnection pursuant to Section 8.1, the Service Provider shall reconnect the Consumer Installation to the Heat Exchangers and resume the Supply to the Consumer as soon as the event leading to the disconnection is remedied by the Consumer to its reasonable satisfaction. The Consumer shall pay the reasonable costs relating to or in connection with such disconnection and reconnection. Searchhttps://www.spgroup.com.sg/search?tag=district-cooling Search SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/spgroup/pdf/sustainable-energy-solutions/district-cooling-and-heating/Tariffs-for-District-Cooling-Service--wef-1-May-2023-.pdf SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 MAY 2023 Capacity Charge : $22.58/kWr per month Usage Charge : $0.1419/kWrh 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 up to 36,000 refrigeration tonnes. Read more What is District Cooling and Heating District cooling and heating is an energy-efficient urban utility service that distributes chilled or hot water and supply air-conditioning to a network of buildings, providing comfort and reliability while reducing carbon emissions. Key Benefits Instead of individual buildings having their own chillers, district cooling reaps the benefits of economies of scale by consolidating chiller and heating capacity, operated and maintained by our expert operations team. With attributes similar to public electricity supply, district cooling is an energy- and economically-efficient urban utility service. It presents attractive value propositions to building owners: Round-the-clock availability and support On-demand flexibility High supply reliability More space for alternative use Lower initial and recurrent operating costs Platinum Green Mark Certification Energy assessment on existing and potential savings To view our list of awards, please click here. Click to download the Supply Conditions for District Cooling and the latest Tariff Rates. Contact us at districtcooling@spgroup.com.sg if you have queries.  Key Projects Marina Bay District World's largest underground district cooling network Situated in Singapore’s Marina Bay financial district, the cooling network has achieved zero supply disruptions since 2006. As one of Singapore’s Top 50 Engineering Feats, the network will be expanded and connected to five more buildings to extend the same reliable and sustainable solution to other buildings in Singapore’s core financial district. Expanding to 32 buildings by 2027 Reduces carbon emissions by nearly 22,000 tonnes annually Read MoreWatch Video Tampines Eco Town Singapore's first brownfield district cooling project In highly developed cities like Singapore, majority of land has been built up and individual building owners are already equipped with their own chiller plants. With Distributed District Cooling (DDC) network – an interconnected cooling system – existing towns and districts may now be able to enjoy a more sustainable way to cool. 7 commercial and community buildings Reduces carbon emissions by more than 1,359 tonnes annually Brownfield District Cooling Feasibility Study: Tampines Central Distributed District Cooling  Download WhitepaperRead moreWatch Video STMicroelectronics (AMK) Singapore's largest industrial district cooling project In partnership with STMicroelectronics (ST), SP Group (SP) will design, build, own, and operate Singapore's largest industrial District Cooling System (DCS) with a cooling capacity of up to 36,000 refrigeration tonnes. The estimated project value of $370 million USD over 20 years, will help the manufacturing company save 20 per cent on cooling-related electricity consumption annually. 5 industrial buildings Reduces carbon emissions by more than 120,000 tonnes annually (Photo credit: STMicroelectronics) Read moreWatch Video Tengah Town Centralised Cooling System Singapore's first centralised cooling public housing township In collaboration with the Housing & Development Board, SP Group will be bringing its first large-scale residential centralised cooling system to Tengah, Singapore’s first smart energy township. Chilled water will be centrally produced from interconnected modular chiller plants built on the rooftops before it is distributed to residential and commercial units for air-conditioning. The centralised cooling system will also be serviced by SP, bringing greater convenience to residents living in Tengah. Provides cooling for up to 18,000 households across 3 districts Residents can enjoy as much as 30 per cent energy savings (Photo credit: HDB) Read moreVisit Microsite Raffles City Chongqing District cooling and heating in China An advanced energy-efficient cooling and heating system was designed and built for Raffles City Chongqing, an iconic integrated development, spanning 1.12 million square metres, comprising a shopping mall, a hotel, office towers, residences and service residences. A megastructure featuring a suite of 8 buildings Reduce energy consumption by more than 40 per cent, compared to conventional building's chiller plants Read more Additional Media Supply condition for Marina Bay district cooling Latest tariff rates for Marina Bay district cooling Latest News Have a business inquiry? Interested to find out more how our integrated services can serve your business needs? Drop us an online enquiry and our qualified professionals will reach out to you. Contact Us Form Our Integrated Energy Solutions District Cooling & Heating Electric Vehicle Solutions Digital Products Renewable Energy Climate Services Hide SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/jcr:0a5abe66-cae2-4aad-9ec2-b4c986f9c8dc/Tariffs%20for%20District%20Cooling%20Service%20(wef%201%20May%202024).pdf SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 MAY 2024 Capacity Charge : $23.67/kWr per month Usage Charge : $0.0798/kWrh SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8ae71105-507f-4abc-8e63-53015ea1dff7/%5BInfo%5D+Tariff+for+District+Cooling+(from+1+May+2022).pdf?MOD=AJPERES&CVID= SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 NOV 2022 Capacity Charge : $21.28/kWr per month Usage Charge : $0.1549/kWrh [Info] Supply Conditions for District Cooling Servicehttps://www.spgroup.com.sg/dam/jcr:e11e2c07-2c40-44b8-8306-7f59798fb50e/Supply%20Conditions%20for%20District%20Cooling%20Service.pdf SUPPLY CONDITIONS FOR DISTRICT COOLING SERVICE TABLE OF CONTENTS 1. General and Administrative Provisions 1.1 Purpose of the Conditions 1.2 Definitions 1.3 Hierarchy of Documents 2. General Obligations 2.1 General Obligations of the Service Provider 2.2 General Obligations of the Consumer 3. District Cooling Service Specifications 3.1 Supply Temperature 3.2 Supply Availability 4. Supply Capacity 5. Technical Requirements 5.1 Intake Station 5.2 Service Connection Facilities 5.3 Meter and Metering 6. Billing and Payment 7. Damages and Limitation of Liability 8. Supply Disconnection and Reconnection Schedule 1 – Typical Scheme for Service Connection Facilities 1. General and Administrative Provisions 1.1 Purpose of these Conditions 1.1.1 These Conditions set forth the following with respect to the district cooling service: (i) (ii) (iii) (iv) The standard of performance in accordance with which the Service Provider shall supply the service. The rights and obligations of the Service Provider and a Consumer. The technical requirements and arrangement for supply connection. The general terms and conditions of Supply. 1.2 Definitions 1.2.1 In these Conditions, unless the context otherwise requires: “°C” means units of temperature measurement in degrees Celsius. “Act” means the District Cooling Act (Cap. 84A). “Authority” means the Energy Market Authority of Singapore. “Availability of Supply” with respect to any calendar year, means the ratio of the hours in that year during which the Supply is available to the Consumer, bears to the total number of hours in that year. “Average Return Temperature” with respect to any calendar month, means the arithmetic average of the Return Temperatures for that month. “Capacity Charge” for any calendar month, means the amount payable by the Consumer pursuant to Section 6.3 with respect to that month. “Capacity Overrun Charge” for any calendar month, means the amount payable by the Consumer pursuant to Section 6.4 with respect to that month. “Conditions” means these general conditions for the provision of District Cooling Service. “Consumer Installation” means the Consumer’s chilled water reticulation system and associated equipment constructed and installed by the Consumer and connected to the secondary side of the Heat Exchangers. “Consumer” means the person named as such in this Supply Agreement. “Contract Capacity” means the Supply capacity that the Consumer has requested and the Service Provider has agreed to provide, as stated in the Supply Agreement as may from time to time be amended in writing by the Parties in accordance with this Agreement. “Contract Duration” means the period commencing from the Effective Supply Date and continuing thereafter until it is terminated in accordance with the Supply Agreement. “Default Interest Rate” means a rate equal to the prevailing prime lending rate of the Development Bank of Singapore Limited plus 2% per annum. “District Cooling Service” means the supply of chilled water for space cooling by the Service Provider at the Premises. “District Cooling System” means the whole of the facility used or operated by the Service Provider for or in connection with the provision of District Cooling Service comprising the district cooling plant(s), the distribution pipes, Heat Exchangers and other apparatus including metering equipment but excluding the Consumer Installation. “Effective Supply Date” means the date on which the Supply is provided at the Premises. “Force Majeure Event” means any event or circumstance the occurrence and the effect of which the Party affected thereby is unable to prevent and avoid notwithstanding the exercise of reasonable foresight, diligence and care on the part of that Party, and subject to the foregoing criteria, shall include without limitation: (i) (ii) (iii) (iv) (v) (vi) act of God; storm, floods or other usually severe weather conditions, earthquake, natural disasters, explosions or fire; strikes, work stoppages, work slowdowns or other labour actions (other than those involving employees of the Party affected thereby); acts of war (whether declared or undeclared), invasion, acts of terrorism, riot or sabotage; intervention by government / relevant authority; and change in law. “Heat Exchanger(s)” means heat transfer equipment installed by or on behalf of the Service Provider for the provision of District Cooling Service to the Premises. “Initial Supply Period” means the period commencing on the Effective Supply Date and ending on the fifth anniversary of the Effective Supply Date. “Intake Station” means the site in which the Heat Exchangers and the Consumer’s circulation pumps shall be housed and which is designated by the Parties as the Intake Station for the purposes of the Supply Agreement. “kWr maximum demand” means the maximum of kWr demand integrated over a period of 30 minutes. “Nominal Flow Rate” in respect of any Heat Exchanger means the flow rate of chilled water at the secondary side of the Heat Exchanger corresponding to the Contract Capacity at a Supply Temperature of 6�C and Return Temperature of 14�C. “Normal Operating Conditions” at any time means all of the following conditions: (i) (ii) the Consumer’s demand for District Cooling Service is within the Contract Capacity; and the chilled water flow rate at the secondary side of each Heat Exchanger is greater than 10%, but not more than 100%, of the Nominal Flow Rate of the Heat Exchanger. “Normal Usage Hours” means the period from 7am to 7pm every day excluding Sundays and public holidays. “Parties” means the Service Provider and the Consumer and “Party” means either of them. “Planned Works” shall have the meaning ascribed in Section 3.2.3. “Premises” means the premises at which the Service Provider has agreed to provide the Supply, as stated in the Supply Agreement. “Return Temperature” means the temperature of the water returning from the Consumer Installation to the Heat Exchanger, as measured at the secondary inlet of the Heat Exchanger. “Service Connection Facilities” means the Heat Exchangers, the connection pipes to the district cooling distribution pipes and associated valves, fittings, meters, monitoring and control devices for the provision of District Cooling Service at the Premises. “Service Provider” means Singapore District Cooling Pte Ltd. “Supply” means the provision of District Cooling Service at the Premises at the Contract Capacity and at the Supply Temperature of 6°C � 0.5°C. “Supply Agreement” means the contract between the Consumer and the Service Provider for the provision of District Cooling Service, which incorporates these Conditions. “Supply Temperature” means the temperature of the chilled water supplied to the Consumer pursuant to the District Cooling Service, as measured at the secondary outlet of the Heat Exchangers. “Target Supply Date” means the date the Consumer requires the Contract Capacity and the Service Provider has agreed to make such Contract Capacity available to the Consumer, as stated in the Supply Agreement. “Usage Charge” for any calendar month, means the amount payable by the Consumer pursuant to Section 6.5 with respect to that month. 1.2.2 Words importing a singular number shall include the plural number and vice versa. 1.2.3 The headings in these Conditions are inserted for convenience only and shall be ignored in construing these Conditions. 1.2.4 References to “person” shall include any natural person, corporation, judicial entity, association, statutory body, partnership, limited liability company, joint venture, trust, estate, unincorporated organisation or government, state or any political subdivision, instrumentality, agency or authority, and shall be construed as a reference to such person's successors or permitted assigns. 2. General Obligations 2.1 General Obligations of Service Provider 2.1.1 The Service Provider shall, at its own costs, be responsible for planning, designing, constructing, installing, testing, commissioning, operating and maintaining the District Cooling System and Service Connection Facilities (but without prejudice to the Consumer’s payment obligations under Section 5.2.1). 2.1.2 The Service Provider shall ensure that the District Cooling System is commissioned and fully operational to provide the Supply in accordance with the Supply Agreement by the Target Supply Date and will provide the Supply to the Consumer throughout the Supply Duration in accordance with the terms of the Supply Agreement. 2.2 General Obligations of the Consumer 2.2.1 The Consumer shall arrange for a competent person to design and install the Consumer Installation in accordance with the technical guidance provided by the Service Provider and which shall incorporate the following minimum requirements: (i) (ii) (iii) a control arrangement, via a variable flow system or otherwise, to maintain the Return Temperature at or higher than 14ºC; a filtration system for the return water to the Heat Exchanger with a minimum filtration performance of 200 microns; and a pressure relief device at the interfacing connection set to operate at a pressure at or below 16 barg. 2.2.2 The Consumer shall make the connection of Consumer Installation to the secondary side of the Heat Exchangers, subject to the Consumer Installation having been completed and tested by the Consumer’s competent person to the reasonable satisfaction of the Service Provider. 2.2.3 The Consumer shall not under any circumstances supply District Cooling Service received from the Service Provider to any building or premises other than the Premises. 3. District Cooling Service Specifications 3.1 Supply Temperature 3.1.1 The Service Provider undertakes to regulate the Supply Temperature within 6°C � 0.5°C under Normal Operating Conditions. 3.1.2 The Consumer shall use its best efforts to ensure that the Return Temperature shall be 14°C or higher. 3.2 Supply Availability 3.2.1 Subject to Section 3.2.2 herein, the Supply shall be provided at all times during the Supply Duration on a 24 hourly basis. 3.2.2 The Service Provider shall use its best efforts to prevent any interruption in the provision of the Supply and to minimise the duration of any such interruption. The Service Provider shall notify the Consumer immediately by telephone if there is any unexpected significant change in the operating status of the District Cooling System or if any interruption is expected to occur. 3.2.3 Without prejudice to the generality of Section 3.2.2, the Service Provider shall, in scheduling any maintenance, repair, connection, disconnection, extension and/ or other work in the District Cooling System (“Planned Works”), endeavour so far as is reasonably practicable to : (i) (ii) consult with the Consumer as to the scheduling of the execution of the Planned Works; coincide the execution of the Planned Works outside the Normal Usage Hours ; and (iii) stagger the execution of the Planned Works, such that there shall not be any interruption in the provision of the Supply at the Premises or if an interruption cannot reasonably be avoided, the duration and extent of the interruption is minimised. The Service Provider shall in any event give the Consumer at least 14 days’ prior written notice of the execution of any Planned Works, and such notice shall state the dates on, and times at which the Planned Works will be executed, and the extent to which the provision of the Supply at the Premises will be interrupted. 3.2.4 Nothing in this Agreement shall restrict the Service Provider from taking immediate action to avoid injury to persons or significant damage to property on the occurrence of any emergency, provided that the Service Provider shall give the Consumer as much prior notice as possible. 4. Supply Capacity 4.1 The Contract Capacity shall be fixed for the duration of the Initial Supply Period. However, if the Consumer's requirements for District Cooling Service at the Premises exceed the Contract Capacity, the Consumer may by notice in writing to the Service Provider request that the Contract Capacity be increased to the amount stated in such notice and the Service Provider shall use its best efforts to accommodate the Consumer's request Provided That: (i) (ii) (iii) the quantum of the increase in the Contract Capacity shall not exceed 10% of the prevailing Contract Capacity without the Service Provider’s consent; the increase in the Contract Capacity shall be subject to there being available capacity in the District Cooling System; and if the increase in Contract Capacity necessitates upgrading of the Service Connection Facilities, the Consumer shall pay for the costs of such upgrading work. 4.2 In the event the Consumer’s kWr maximum demand exceeds the Contract Capacity, the Service Provider shall endeavour to provide additional supply capacity on a short-term basis subject to payment of Capacity Overrun Charge by the Consumer. Whenever the Service Provider is of the reasonable opinion that the Consumer’s kWr maximum demand, where it exceeds the Contract Capacity, will or is likely to, interfere with the efficient and reliable supply of district cooling service to other consumers, the Service Provider shall be entitled to limit the Supply to the Consumer up to the Contract Capacity. The Consumer shall immediately, upon request by the Service Provider, limit the kWr maximum demand to its Contract Capacity. 5. Technical Requirements 5.1 Intake Station 5.1.1 The Consumer shall at its own cost provide and construct the Intake Station in accordance with the plans and specifications agreed by the Parties. Such plans and specifications shall not be altered without the agreement in writing of the Service Provider. The Consumer shall ensure that the Intake Station shall be used for plant and equipment linked to the provision of District Cooling Service at the Premises. 5.1.2 The Consumer shall at its own cost maintain the Intake Station inclusive of the building structure, infrastructure, mechanical and electrical services within the Intake Station and general cleanliness of the Intake Station. 5.2 Service Connection Facilities 5.2.1 The Consumer shall pay for the cost of the Service Connection Facilities, which is the amount stated in the Supply Agreement. Notwithstanding such payment by the Consumer, the Service Connection Facilities shall be the property of the Service Provider, and the Service Provider shall be solely responsible for the operation, maintenance and repair of the Service Connection Facilities. 5.2.2 The Consumer shall not operate any device of the Service Connection Facilities nor carry out any work on the Service Connection Facilities. 5.2.3 The Service Connection Facilities and the interfacing connection of the Consumer’s chilled water reticulation system shall be in accordance with the technical arrangement illustrated in Schedule 1. 5.2.4 The Consumer shall provide the Service Provider with reasonable quantities of electricity (for the purpose of operating the control and instrumentation panels of the Service Connection Facilities) and water (for general cleaning purposes) at the Intake Station. Save as aforesaid, the Service Provider shall be responsible for arranging for and procuring all electricity, water and any other utilities and consumables as may be required for the operation of the District Cooling System. 5.3 Meter and Metering 5.3.1 The District Cooling Service delivered to the Consumer shall be measured by metering equipment of a type approved by the Authority. The metering equipment shall be supplied, installed, calibrated and maintained by the Service Provider. 5.3.2 The Service Provider shall ensure that the metering equipment shall at all times be accurate to a tolerance of �3% of the nominal flow of coolant (“permitted tolerance of error”). The accuracy of the meter(s) shall be verified upon its installation and thereafter at periodic intervals not exceeding five years (or such other periods as the Parties may agree in writing) by an independent testing laboratory approved by the Authority. 5.3.3 If the meter(s) shall for any reason become faulty or inaccurate beyond the permitted tolerance of error, the Service Provider shall as soon as possible procure the service, repair, re-calibration and/or replacement of such meter(s) as may be appropriate. The Consumer may at any time by written notice to the Service Provider request that the accuracy of any meter(s) be tested. The Service Provider shall forthwith upon receipt of the Consumer's request arrange for the testing and calibration of such meter(s). The costs of any testing of any meter requested by the Consumer shall be borne by the Consumer unless such testing reveals that the meter is inaccurate beyond the permitted tolerance of error in which case the costs shall be borne by the Service Provider. 5.3.4 Where any meter is found to be inaccurate beyond the permitted tolerance of error, the Service Provider shall make a fair and reasonable estimate of the amount of District Cooling Service provided to the Consumer during the period when the meter was faulty or inaccurate. The Service Provider shall, if appropriate, make retrospective adjustment to the bills previously rendered by the Service Provider with respect to the District Cooling Service based on the readings of such meter for the period since the meter was last inspected and tested and found to be accurate within the permitted tolerance of error. 6. Billing and Payment 6.1 During the Supply Duration, the Consumer shall pay the Service Provider for the District Cooling Service supplied in accordance with provisions in this Section and such tariffs as may be made by the Service Provider from time to time with the approval of the Authority. 6.2 For each billing period of one calendar month, the charges for the District Cooling Service shall be calculated based on:- (i) (ii) (iii) the charge referred to in Section 6.3 (“Capacity Charge”) commencing from the Effective Supply Date; the charge referred to in Section 6.4 (“Capacity Overrun Charge”); and the charge referred to in Section 6.5 (“Usage Charge”). 6.3 The Capacity Charge payable by Consumer is based on the prevailing Contract Capacity subscribed by Consumer measured in units of kilowatt refrigeration (kWr). The Capacity Charge is calculated based on the following: Capacity Charge = Contract Capacity subscribed by Consumer x Contract Capacity Rate (which “Contract Capacity Rate” shall be published by the Service Provider). The Capacity Charge shall be prorated for any billing period which is less than a complete month based on the actual number of days in the billing period. 6.4 Subject to Section 4.2, the Capacity Overrun Charge, which is based on the Consumer’s excess kWr maximum demand, shall be payable, if on any day in the billing period the Consumer’s actual kWr maximum demand exceeds the Contract Capacity. The Capacity Overrun Charge is calculated on a daily basis as follows: Capacity Overrun Charge = 3 x (kWr maximum demand on the day in question – Contract Capacity) x Contract Capacity Rate � 30 6.5 The Usage Charge payable by the Consumer is based on the metered consumption quantity in units of kilowatt-hours refrigeration (kWrh). The Usage Charge is calculated based on the following: Usage Charge = Measured kWrh x Unit kWrh Rate x {1 + [0.03 x (14ºC - AVT)]} where: Measured kWrh Unit kWrh Rate AVT is the metered consumption quantity of District Cooling Service for the billing period in kWrh; is the rate published by the Service Provider; and is the Average Return Temperature during the billing period, provided that if the Average Return Temperature during the billing period exceeds 14ºC, AVT shall nevertheless be 14ºC. 6.6 The Consumer shall pay the Service Provider for the supply of District Cooling Service no later than the due date indicated on the monthly invoice; such due date shall be no earlier than 21 calendar days after the date the invoice is served on the Consumer. Without prejudice to the right of the Service Provider under Section 8.1 to discontinue the supply of District Cooling Service, the Consumer shall pay a late payment charge at the Default Interest Rate for any delay in payment without reasonable excuse, from the date on which such payment was due until such payment is paid in full. All such late payment charge shall be calculated on a 365 day year basis. 6.7 Each invoice rendered by the Service Provider shall be accompanied by copies of such supporting documents as may reasonably be required by the Consumer. 6.8 The Consumer shall bear and pay any goods and services tax payable under the Goods and Services Tax Act (Cap. 117A) imposed in respect of charges payable by the Consumer to the Service Provider for goods and services supplier pursuant to the Supply Agreement. 6.9 The Service Provider may mitigate the risk of non-payment by procuring reasonable security, in the form of cash deposits or such other legal forms of security, from the Consumer for the payment to it of all money which may become due to it for the provision of District Cooling Service. If a Consumer becomes insolvent or goes into liquidation (other than for the purpose of amalgamation or reconstruction) or enters into any arrangement with its creditors or shall have a receiver or administrator appointed over any of its assets, the Service Provider may refuse to continue Supply to the Consumer unless an adequate security has been furnished by the Consumer in relation to its obligation to the payment for the Supply. 6.10 The Service Provider shall give the Consumer at least 14 days' advance notice of any revision to the Service Provider's prevailing Contracted Capacity Rate or Unit kWrh Rate. 7. Damages and Limitation of Liability 7.1 If the Effective Supply Date occurs after the Target Supply Date, the Service Provider shall, unless the delay in the occurrence of the Effective Supply Date was caused by the Consumer or a Force Majeure Event, pay the Consumer as liquidated damages a sum “LD1” per day calculated on a daily basis as follows: LD1 = Contract Capacity x Contract Capacity Rate � 30 for each day from (and including) the Target Supply Date until the Effective Supply Date. 7.2 If the Effective Supply Date occurs after the Target Supply Date and the delay in the occurrence of the Effective Supply Date was caused by the Consumer, the Consumer shall pay the Service Provider the Capacity Charge referred to in Section 6.3 commencing from: (i) (ii) the Target Supply Date; or the date on which the Effective Supply Date would have occurred but for the delay caused by the Consumer, whichever is the later. 7.3 In the event of any interruption or failure in the Supply to the Premises at any time during the Supply Duration, the Service Provider shall pay the Consumer as liquidated damages a sum “LD2” per hour calculated on an hourly basis as follows: LD2 = 2 x Contract Capacity x Contract Capacity Rate � (30 x 24) for each hour the average hourly Supply Temperature exceeds 6.5°C Provided Always That: (i) the Service Provider shall not be obliged to pay liquidated damages pursuant to this Section 7.3 with respect to any interruption or failure in the Supply to the extent that such interruption or failure in the Supply: (a) (b) (c) is caused by interruption of electricity and/or water supplies to the District Cooling System and such interruption was not caused or contributed to by any act or omission on the part of the Service Provider; is caused by a Force Majeure Event; or occurs during a period when the Consumer Installation is not operating within Normal Operating Conditions. (ii) the Service Provider’s liability for liquidated damages pursuant to this Section 7.3 in any period of seven consecutive days shall not exceed the total amount of S$50,000 (Singapore Dollar Fifty Thousand). 7.4 Any amount payable by the Service Provider to the Consumer pursuant to Section 7.3 shall be computed at the end of each calendar month and shall be set-off against any sum payable by the Consumer to the Service Provider in connection with this Agreement and the balance amount after such netting shall be paid by the Consumer to the Service Provider, or vice versa, as the case may be. 7.5 Save as otherwise provided in this Section 7, the Service Provider shall not be liable to the Consumer or anyone relying on the supply of District Cooling Service for any claim, loss, damage or injury howsoever occurring as a result of any fluctuation, failure, reduction or interruption or defect in the supply of District Cooling Service. 8. Supply Disconnection and Reconnection 8.1 The Service Provider shall be entitled to discontinue the Supply and for this purpose to disconnect the Consumer Installation from the Heat Exchangers on the occurrence of either of the following events: (i) (ii) the wilful neglect or refusal by the Consumer to pay any amount payable by the Consumer on the date such amount is due and payable and thereafter within 14 days from the date of service of the Service Provider's written notice to the Consumer requesting payment of the same containing a statement that the Service Provider may rely on this Section 8.1(i) to discontinue the Supply in the event of non-payment; or any default of the Consumer affecting the safety of the Consumer Installation or the efficiency and/or the safety of the District Cooling System Provided That the Consumer fails to remedy the default in question within 14 days from the date of service of the Service Provider's written notice to the Consumer requesting remedial actions of the same contained in a statement that the Service Provider may rely on this Section 8.1(ii) to discontinue the Supply in the event of non-rectification. 8.2 The Consumer shall during any period of such disconnection or interruption, continue to be liable to pay the Capacity Charge. 8.3 In the event of any disconnection pursuant to Section 8.1, the Service Provider shall reconnect the Consumer Installation to the Heat Exchangers and resume the Supply to the Consumer as soon as the event leading to the disconnection is remedied by the Consumer to its reasonable satisfaction. The Consumer shall pay the reasonable costs relating to or in connection with such disconnection and reconnection. Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Coolinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Sustainable-Cooling-At-Tampines---Singapore-s-First-Town-Centre-To-Be-Retrofitted-With-District-Cooling News Release Sustainable Cooling at Tampines – Singapore’s First Town Centre to Be Retrofitted With District Cooling SP Group, supported by Temasek, Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE), will install and operate distributed district cooling at seven buildings in Tampines Central by 2025   Singapore, 18 April 2022 – Tampines will be Singapore’s first town centre to be retrofitted with an interconnected, sustainable cooling solution designed by SP Group. Seven existing buildings across the town centre – Century Square, CPF Tampines Building, Income At Tampines Junction, OCBC Tampines Centre 2, Our Tampines Hub, Tampines Mall and Tampines One, will be retrofitted to plug into this novel distributed district cooling (DDC) network, which is specially engineered for brownfield developments to provide the same cooling comfort while saving energy and lowering carbon emissions at the same time. The network will be completed and operational in the first half of 2025. Signing the supply agreement at Our Tampines Hub earlier today, and becoming the first batch of building owners to join the network were CapitaLand, CPF Board, Frasers Property, NTUC Income, OCBC Bank, and People’s Association. The signing ceremony was witnessed by Mr Masagos Zulkifli, Adviser to Tampines GROs, Minister for Social and Family Development, Second Minister for Health and Minister-in-charge of Muslim Affairs. The event is held in conjunction with the CleanEnviro Summit Singapore and the Singapore International Water Week organised by the National Environment Agency and PUB respectively. Instead of constructing a new centralised cooling plant, a DDC utilises existing in-building chiller plants that have been carefully evaluated. A few injection nodes are then selected based on their existing excess cooling capacity and superior energy efficiency factor. By connecting the injection nodes through a piping network, the rest of the buildings can obtain chilled water for their cooling needs, thereby doing away with the need for their own chiller plants completely. This in turn optimises the installed cooling capacity, ensures chiller systems operate at maximum efficiency, and leads to more benefits including reducing equipment costs and freeing up leasable space. Of the seven buildings in Tampines plugging into the DDC network, Century Square, Our Tampines Hub and Tampines One will serve as injection nodes. In addition, SP has signed a Letter of Intent (LOI) with Ascendas Reit to design, build, own and operate the chiller plant at Telepark. This will ready Telepark to be a potential injection node for the network to serve future demands. All in, this brownfield cooling network will help the town centre reduce its carbon emissions by 1,359 tonnes annually, equivalent to removing 1,236 cars off our roads. It will also achieve energy savings of more than 2,800,000 kilowatt-hour (kWh) annually, which can power more than 905 three-room HDB households for a year. The realisation of this green solution was brought about through a partnership between Tampines GRC, MSE, Temasek and SP Group, with the strong support of building owners. It comes just eight months after a successful feasibility study of brownfield distributed district cooling was published in August 2021, affirming the various parties’ commitment to the nation’s sustainable development. Mr Masagos Zulkifli, Adviser to Tampines GROs, Minister for Social and Family Development, Second Minister for Health and Minister-in-charge of Muslim Affairs said: “The significance of this project should not be overlooked because it illustrates how sustainable solutions can be integrated to transform existing townships. In international forums, pressure to show and prove commitment to adaptation and mitigation for climate change is mounting. This project is therefore crucial to Singapore given that a significant proportion of our building stock today will continue to exist in 2050. The energy and cost savings, as well as reduction in carbon emissions enjoyed by building owners prove that with the right solutions, doing good and doing well are not mutually exclusive and will address our challenge posed by climate change.” “Novel sustainable solutions such as distributed district cooling can help scale practical and sustainable benefits not only for cities, but also for businesses as well as communities around the world. We will continue partnering like-minded organisations and businesses to catalyse breakthrough technologies that mitigate the impact of the climate crisis, and pave the way to a low-carbon future,” said Dr Steve Howard, Chief Sustainability Officer, Temasek. SP’s Group Chief Executive Officer, Mr Stanley Huang, said, “The widespread implementation of low-carbon technologies like distributed district cooling can make a significant contribution towards Singapore’s climate ambitions. We are encouraged by the strong support from building owners for this sustainable cooling solution, which will contribute towards Tampines’ Eco-Town ambitions and will also create a long-term sustainable impact for Singapore’s built environment.” The introduction of a brownfield DDC at Tampines supports the Singapore Green Plan 2030, which is a whole-of-nation movement to advance Singapore’s national agenda on sustainable development. Cooling contributes to Singapore’s annual carbon emissions, as air-conditioning can utilise up to 50 per cent of a building’s energy consumption. With more than 80 per cent of Singapore’s landscape being brownfield, a wider application of such a sustainable cooling solution will contribute towards the energy goals under the Green Plan and Singapore’s climate targets of reaching net zero by or around mid-century. In addition to the energy savings and reduction in carbon emissions, the DDC network will provide building owners combined life-cycle economic benefits of up to $50.8 million over 30 years. Through interconnection across the various buildings, the DDC will also reduce the current unutilised cooling capacity by up to 42 per cent, freeing up chiller plant gross floor area (GFA) that can be converted to commercial and lifestyle spaces. - Ends - Quotes from Building Owners Quote from CapitaLand Investment1 “As a global sustainability leader consistently recognised as one of the most sustainable corporations in the world, CapitaLand has played an active role in greening the built environment to reduce our carbon footprint. Sustainability is integrated into everything we do, from investment to property design, development and operations. CapitaLand has adopted district cooling for nine of our properties in Singapore and China. As one of the pioneers to join Singapore’s first brownfield distributed district cooling network, we look forward to further reducing energy consumption and carbon emissions at our properties in line with CapitaLand’s 2030 Sustainability Master Plan to increase our sustainability efforts globally. We are also intensifying our global search for innovations through our CapitaLand Sustainability X Challenge and stepping up our adoption of sustainable finance, among others. As we grow our business, we remain committed to creating a positive impact to the environmental and social well-being of the communities.” Ms Lynette Leong, Chief Sustainability Officer, CapitaLand Investment Quote from CPF Board “At CPF, it’s ingrained in our culture to take a long view to build a strong foundation for citizens’ retirement needs. It is our collective responsibility to tread lightly on this planet and do our part for long-term sustainability. This Distributed District Cooling system could not have been more timely. It will reduce our carbon emissions by about 6% over 30 years." Mr Augustin Lee, Chief Executive Officer, CPF Board Quote from Frasers Property “As we move towards being a net-zero carbon corporation by 2050, sustainability is a key business priority for Frasers Property. Being one of the leading suburban mall owners in Singapore, we have a responsibility to build a sustainable environment as buildings are large emitter of carbon. The Tampines DDC project is a ground-breaking initiative which holds significant potential and positive impact for Singapore, and is one of our strategic partnerships with like-minded corporations to support and ensure a sustainable built environment. We are glad to be able to contribute to this project with Tampines One and Century Square serving as two out of the three injection nodes to produce and supply chilled water to the precinct, and look forward to seeing the township reap the benefits of this plan. In time, we hope that the success of this DDC network will attract the participation of other building owners and industry players, to contribute to the ever-important goal of promoting sustainable living and achieving a greener future for all.” Mr Low Chee Wah, Chief Executive Officer, Frasers Property Retail Quote from NTUC Income As a well-known landmark building at Tampines Central, it is only apt for Income at Tampines Junction to be amongst the first batch of buildings to join the distributed district cooling network. We look forward to doing our part in Singapore’s efforts towards climate change initiatives while reaping the benefits of energy savings and lower carbon emissions.” Mr Teo Yung Fung, Chief Investment Officer, Mercatus Co-operative Limited (on behalf of NTUC Income) Quote from OCBC Bank “Embedding responsible and sustainable business practices into everything we do is integral to OCBC’s purpose. Climate change and its effects have made sustainability a fundamental business driver and an agenda for collective action. We are pleased to be partnering like-minded organisations such as SP Group and our neighbouring building owners on this initiative that seeks to reduce energy consumption and our carbon footprint.” Mr Lim Khiang Tong, Group Chief Operating Officer, OCBC Bank Quote from People’s Association “Our Tampines Hub is a Green Mark Platinum certified building. Since the planning and development of Our Tampines Hub, People’s Association has paid special attention and incorporated various sustainable and eco-friendly elements throughout the entire building. These include but is not limited to harnessing solar energy to generate power and electricity, an on-site wastes treatment machine to convert food wastes to non-potable water, liquid plant nutrients and organic fertilisers and installation of Ethylene Tetrafluoroethylene (ETFE) roofs to lower temperature in the building. The largest number of Electric Vehicle (EV) charging stations was also launched in 2018 in Our Tampines Hub to encourage EV adoption. As one of the major injection nodes for the Distribution District Cooling in Tampines Central, the participation by Our Tampines Hub will achieve reduction in both electricity consumption and carbon footprint which are part of People’s Association effort towards Singapore’s agenda on sustainable development.” Mr Lim Hock Yu, Chief Executive Director, People’s Association About Temasek Temasek is an investment company with a net portfolio value of S$381 billion as at 31 March 2021. Our Temasek Charter defines our three roles as an Investor, Institution and Steward, and shapes our ethos to do well, do right, and do good. As a provider of catalytic capital, we seek to enable solutions to key global challenges. We deploy financial capital to stimulate innovation and growth; develop human capital to uplift capabilities and enhance potential; enable natural capital and foster sustainable solutions for the climate and a better living environment; and seed social capital to transform lives for a more inclusive and resilient world. Sustainability is at the core of all that we do. We actively seek sustainable solutions to address present and future challenges, as we capture investible opportunities to bring about a sustainable future for all. Temasek has had overall corporate credit ratings of Aaa/AAA by rating agencies Moody’s Investors Service and S&P Global Ratings respectively, since our inaugural credit ratings in 2004. Headquartered in Singapore, we have 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen and Singapore in Asia; and London, Brussels, New York, San Francisco, Washington DC, Mexico City, and Sao Paulo outside Asia. For more information on Temasek, please visit www.temasek.com.sg For Temasek Review 2021, please visit www.temasekreview.com.sg About SP Group SP Group is a leading utilities group in the Asia Pacific, empowering the future of energy with low-carbon, smart energy solutions for its customers. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and sustainable energy solutions in Singapore, China and Vietnam. 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 and renewable energy solutions such as microgrids, cooling and heating systems for business districts and residential townships, solar energy solutions, electric vehicle fast charging and digital energy solutions 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. 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Permission required for reproduction. ������������� �� ������������� �������� ���40�������� ������������� ������������� ������������� ������������� ������������ ��� [20160304] Lianhe Zaobao - Jurong Lake District Might Adopt District Cooling Systemhttps://www.spgroup.com.sg/dam/jcr:1ab96fc4-bbfe-4d0d-80ec-ee0b865cf819 Lianhe Zaobao, Page06, 4 Mar 2016 �� ������� ����� yangyang@sph.com.sg ��������������� ��������������� ���������� ��������������� ��������������� ��������������� ��������������� ��������������� ��������������� ������ ��������������� ��������������� �������������� ������������������ ����������������������� ��������������� ��������������� ������������ ��������������� ��������������� ��������������� ��� ��������������� ��������������� ��������������� ��������������� ��������� ����������������� ��������������� ������������� �������������� ���������������������� ��������������������� ���������������������� ���������������������� �������� ���������������� ���������������� ��������������� ���������������� ��������������� �������������� ������� ����������� ��������������� ��������������� ��������������� ��������������� ��������������� ��������������� ��������������� ������ ��������������� ������������������ ���������������� ��������������� ���������� ��������� ��������������� ��������������� ��������������� ��������������� ��������������� ��������������� ������������� ������������� ������� ������ ������������������������� ����� ������ ������� ���������������������� ���������������� ���������������� ��� ��������������� ������ ��������������� ��������������� �������������� ����������� �������� �������������������� ����������������������� �������������������������� �������������������� ��������������� ��������������� ���������������� ����� ��������������� ��������������� ��������������� ��������������� ��������������� ������������� ��������������� ������ ���� ��� ��������������� �������������� ��������������� ���������������� ��������������� ��������������� ��������������� ��������������� ������ ��������������� ��������������� ��������������� ��������������� ��������������� ����� Source: Lianhe Zaobao © Singapore Press Holdings Limited. Permission required for reproduction. �� ��� � ������ ������ �������� ������ ������ � �������� ��������� �������� ��������� �� �� ������ ��� ���� ����������� ������ ������� ��������������������� ����������� � �������� ������������������ � �������� �������� ���������� ���������� ��� ��������� ��������� ��� ��������� ��������� ��������� ��������� ������� �������� ������������������������������� ��������������������������� Searchhttps://www.spgroup.com.sg/search?tag=district-cooling Search 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 up to 36,000 refrigeration tonnes. Read more What is District Cooling and Heating District cooling and heating is an energy-efficient urban utility service that distributes chilled or hot water and supply air-conditioning to a network of buildings, providing comfort and reliability while reducing carbon emissions. Key Benefits Instead of individual buildings having their own chillers, district cooling reaps the benefits of economies of scale by consolidating chiller and heating capacity, operated and maintained by our expert operations team. With attributes similar to public electricity supply, district cooling is an energy- and economically-efficient urban utility service. It presents attractive value propositions to building owners: Round-the-clock availability and support On-demand flexibility High supply reliability More space for alternative use Lower initial and recurrent operating costs Platinum Green Mark Certification Energy assessment on existing and potential savings To view our list of awards, please click here. Click to download the Supply Conditions for District Cooling and the latest Tariff Rates. Contact us at districtcooling@spgroup.com.sg if you have queries.  Key Projects Marina Bay District World's largest underground district cooling network Situated in Singapore’s Marina Bay financial district, the cooling network has achieved zero supply disruptions since 2006. As one of Singapore’s Top 50 Engineering Feats, the network will be expanded and connected to five more buildings to extend the same reliable and sustainable solution to other buildings in Singapore’s core financial district. Expanding to 32 buildings by 2027 Reduces carbon emissions by nearly 22,000 tonnes annually Read MoreWatch Video Tampines Eco Town Singapore's first brownfield district cooling project In highly developed cities like Singapore, majority of land has been built up and individual building owners are already equipped with their own chiller plants. With Distributed District Cooling (DDC) network – an interconnected cooling system – existing towns and districts may now be able to enjoy a more sustainable way to cool. 7 commercial and community buildings Reduces carbon emissions by more than 1,359 tonnes annually Brownfield District Cooling Feasibility Study: Tampines Central Distributed District Cooling  Download WhitepaperRead moreWatch Video STMicroelectronics (AMK) Singapore's largest industrial district cooling project In partnership with STMicroelectronics (ST), SP Group (SP) will design, build, own, and operate Singapore's largest industrial District Cooling System (DCS) with a cooling capacity of up to 36,000 refrigeration tonnes. The estimated project value of $370 million USD over 20 years, will help the manufacturing company save 20 per cent on cooling-related electricity consumption annually. 5 industrial buildings Reduces carbon emissions by more than 120,000 tonnes annually (Photo credit: STMicroelectronics) Read moreWatch Video Tengah Town Centralised Cooling System Singapore's first centralised cooling public housing township In collaboration with the Housing & Development Board, SP Group will be bringing its first large-scale residential centralised cooling system to Tengah, Singapore’s first smart energy township. Chilled water will be centrally produced from interconnected modular chiller plants built on the rooftops before it is distributed to residential and commercial units for air-conditioning. The centralised cooling system will also be serviced by SP, bringing greater convenience to residents living in Tengah. Provides cooling for up to 18,000 households across 3 districts Residents can enjoy as much as 30 per cent energy savings (Photo credit: HDB) Read moreVisit Microsite Raffles City Chongqing District cooling and heating in China An advanced energy-efficient cooling and heating system was designed and built for Raffles City Chongqing, an iconic integrated development, spanning 1.12 million square metres, comprising a shopping mall, a hotel, office towers, residences and service residences. A megastructure featuring a suite of 8 buildings Reduce energy consumption by more than 40 per cent, compared to conventional building's chiller plants Read more Additional Media Supply condition for Marina Bay district cooling Latest tariff rates for Marina Bay district cooling Latest News Have a business inquiry? Interested to find out more how our integrated services can serve your business needs? Drop us an online enquiry and our qualified professionals will reach out to you. Contact Us Form Our Integrated Energy Solutions District Cooling & Heating Electric Vehicle Solutions Digital Products Renewable Energy Climate Services Hide SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8ae71105-507f-4abc-8e63-53015ea1dff7/%5BInfo%5D+Tariff+for+District+Cooling+(from+1+May+2022).pdf?MOD=AJPERES&CVID= SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 NOV 2022 Capacity Charge : $21.28/kWr per month Usage Charge : $0.1549/kWrh SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/jcr:0a5abe66-cae2-4aad-9ec2-b4c986f9c8dc/Tariffs%20for%20District%20Cooling%20Service%20(wef%201%20May%202024).pdf SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 MAY 2024 Capacity Charge : $23.67/kWr per month Usage Charge : $0.0798/kWrh SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/spgroup/pdf/sustainable-energy-solutions/district-cooling-and-heating/Tariffs-for-District-Cooling-Service--wef-1-May-2023-.pdf SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 MAY 2023 Capacity Charge : $22.58/kWr per month Usage Charge : $0.1419/kWrh Searchhttps://www.spgroup.com.sg/search?tag=district-cooling Search SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/jcr:0a5abe66-cae2-4aad-9ec2-b4c986f9c8dc/Tariffs%20for%20District%20Cooling%20Service%20(wef%201%20May%202024).pdf SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 MAY 2024 Capacity Charge : $23.67/kWr per month Usage Charge : $0.0798/kWrh 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 up to 36,000 refrigeration tonnes. Read more What is District Cooling and Heating District cooling and heating is an energy-efficient urban utility service that distributes chilled or hot water and supply air-conditioning to a network of buildings, providing comfort and reliability while reducing carbon emissions. Key Benefits Instead of individual buildings having their own chillers, district cooling reaps the benefits of economies of scale by consolidating chiller and heating capacity, operated and maintained by our expert operations team. With attributes similar to public electricity supply, district cooling is an energy- and economically-efficient urban utility service. It presents attractive value propositions to building owners: Round-the-clock availability and support On-demand flexibility High supply reliability More space for alternative use Lower initial and recurrent operating costs Platinum Green Mark Certification Energy assessment on existing and potential savings To view our list of awards, please click here. Click to download the Supply Conditions for District Cooling and the latest Tariff Rates. Contact us at districtcooling@spgroup.com.sg if you have queries.  Key Projects Marina Bay District World's largest underground district cooling network Situated in Singapore’s Marina Bay financial district, the cooling network has achieved zero supply disruptions since 2006. As one of Singapore’s Top 50 Engineering Feats, the network will be expanded and connected to five more buildings to extend the same reliable and sustainable solution to other buildings in Singapore’s core financial district. Expanding to 32 buildings by 2027 Reduces carbon emissions by nearly 22,000 tonnes annually Read MoreWatch Video Tampines Eco Town Singapore's first brownfield district cooling project In highly developed cities like Singapore, majority of land has been built up and individual building owners are already equipped with their own chiller plants. With Distributed District Cooling (DDC) network – an interconnected cooling system – existing towns and districts may now be able to enjoy a more sustainable way to cool. 7 commercial and community buildings Reduces carbon emissions by more than 1,359 tonnes annually Brownfield District Cooling Feasibility Study: Tampines Central Distributed District Cooling  Download WhitepaperRead moreWatch Video STMicroelectronics (AMK) Singapore's largest industrial district cooling project In partnership with STMicroelectronics (ST), SP Group (SP) will design, build, own, and operate Singapore's largest industrial District Cooling System (DCS) with a cooling capacity of up to 36,000 refrigeration tonnes. The estimated project value of $370 million USD over 20 years, will help the manufacturing company save 20 per cent on cooling-related electricity consumption annually. 5 industrial buildings Reduces carbon emissions by more than 120,000 tonnes annually (Photo credit: STMicroelectronics) Read moreWatch Video Tengah Town Centralised Cooling System Singapore's first centralised cooling public housing township In collaboration with the Housing & Development Board, SP Group will be bringing its first large-scale residential centralised cooling system to Tengah, Singapore’s first smart energy township. Chilled water will be centrally produced from interconnected modular chiller plants built on the rooftops before it is distributed to residential and commercial units for air-conditioning. The centralised cooling system will also be serviced by SP, bringing greater convenience to residents living in Tengah. Provides cooling for up to 18,000 households across 3 districts Residents can enjoy as much as 30 per cent energy savings (Photo credit: HDB) Read moreVisit Microsite Raffles City Chongqing District cooling and heating in China An advanced energy-efficient cooling and heating system was designed and built for Raffles City Chongqing, an iconic integrated development, spanning 1.12 million square metres, comprising a shopping mall, a hotel, office towers, residences and service residences. A megastructure featuring a suite of 8 buildings Reduce energy consumption by more than 40 per cent, compared to conventional building's chiller plants Read more Additional Media Supply condition for Marina Bay district cooling Latest tariff rates for Marina Bay district cooling Latest News Have a business inquiry? Interested to find out more how our integrated services can serve your business needs? Drop us an online enquiry and our qualified professionals will reach out to you. Contact Us Form Our Integrated Energy Solutions District Cooling & Heating Electric Vehicle Solutions Digital Products Renewable Energy Climate Services Hide SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8ae71105-507f-4abc-8e63-53015ea1dff7/%5BInfo%5D+Tariff+for+District+Cooling+(from+1+May+2022).pdf?MOD=AJPERES&CVID= SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 NOV 2022 Capacity Charge : $21.28/kWr per month Usage Charge : $0.1549/kWrh SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/spgroup/pdf/sustainable-energy-solutions/district-cooling-and-heating/Tariffs-for-District-Cooling-Service--wef-1-May-2023-.pdf SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 MAY 2023 Capacity Charge : $22.58/kWr per month Usage Charge : $0.1419/kWrh Searchhttps://www.spgroup.com.sg/search?tag=district-cooling Search SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/jcr:0a5abe66-cae2-4aad-9ec2-b4c986f9c8dc/Tariffs%20for%20District%20Cooling%20Service%20(wef%201%20May%202024).pdf SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 MAY 2024 Capacity Charge : $23.67/kWr per month Usage Charge : $0.0798/kWrh SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8ae71105-507f-4abc-8e63-53015ea1dff7/%5BInfo%5D+Tariff+for+District+Cooling+(from+1+May+2022).pdf?MOD=AJPERES&CVID= SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 NOV 2022 Capacity Charge : $21.28/kWr per month Usage Charge : $0.1549/kWrh 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 up

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News Release SP Group Expands Marina Bay District Cooling Network With More Developments And New Satellite Plants Singapore, 26 May 2023 – SP Group (SP) announced that it has signed Letters of Intent to provide energy-efficient district cooling services to four developments in the Marina Bay area. These four developments are: Marina View Clifford Centre OUE Bayfront The Fullerton Heritage (consisting of Fullerton Bay Hotel, Clifford Pier and Customs House) SP’s Marina Bay district cooling network – the world’s largest underground district cooling network – will increase its installed cooling capacity by 2,000 refrigeration tons (RT) to 75,000 RT by 2027. SP will also deploy an additional two kilometres of underground pipes, extending from the Marina Bay district cooling plant to the satellite plant at SP’s electricity substation at George Street. This extension of the piping infrastructure along the Singapore Riverfront and Marina Bay area will enable more buildings to easily connect and access chilled water supply from the Marina Bay district cooling network. The network is situated in the Common Services Tunnel that has been planned and built by the Urban Redevelopment Authority. This further anchors Marina Bay’s position in driving environmental sustainability at a district level, accelerating the decarbonisation of Singapore’s core financial district and its surrounding vicinity. SP also signed Memoranda of Understanding (MOU) with City Developments Limited (CDL) and Singapore Land Group (SingLand) to design, build, own and operate satellite plants within the upcoming Central Mall and Central Square redevelopment project, and Marina Square respectively. When operational in 2027, both satellite plants will have a combined cooling capacity of up to 15,000 RT and augment the Marina Bay district cooling network. Overall, the Marina Bay District Cooling network will operate at a total capacity of up to 90,000 RT. Subscribing to the sustainable cooling solution is expected to help developments save up to 20 per cent in cooling-related energy consumption. This enables a reduction in carbon emissions of 25,000 tonnes annually for the central district, equivalent to removing 22,700 cars off our roads. SP’s Group Chief Executive Officer, Mr Stanley Huang, said, “As Southeast Asia’s largest district cooling operator, we aim to empower the green energy transition of buildings and cities with innovative and sustainable cooling solutions. By designing an efficient piping network and establishing satellite plants, we can expand the area served by Marina Bay district cooling network and help Singapore’s central business district gain access to a reliable, energy- and cost-efficient cooling solution. This will drive the adoption of sustainable energy solutions for greener buildings towards Singapore’s 2050 net-zero target.” Besides a reliable supply of chilled water from the Marina Bay district cooling network, which has achieved zero supply interruptions since the operations began in 2006, new developments and potential redevelopment projects will enjoy a lower initial investment cost, compared to a conventional air-conditioning system, without having to invest in their own chillers. The savings on equipment, operating and maintenance costs will also reduce the total cost of ownership by up to 15 per cent. Having centralised chiller plants also frees up prime space for other commercial or lifestyle purposes, potentially increasing asset yield for building owners. By 2027, SP will be operating a total 180,500 RT of cooling capacity through its district cooling networks in Singapore, extending its lead as the biggest provider of district cooling solutions in 2 Southeast Asia. In addition to Marina Bay, SP is providing district cooling solutions to residents at Tengah estate via a centralised cooling system, deploying distributed district cooling to a brownfield development at Tampines and establishing Singapore’s largest industrial district cooling system at STMicroelectronics. In April 2022, SP announced the expansion of its Marina Bay district cooling network to include five developments – 8 Shenton Way, IOI Central Boulevard Towers, Newport Plaza (80 Anson Road), Marina Bay Sands Integrated Resort Expansion and NS Square. The latest expansion also strengthens SP’s ambition to be the largest Demand Response Aggregator in the Energy Market Authority (EMA)’s demand side management programmes, where SP aggregates electricity load curtailment on behalf of participating electricity-intensive customers through its district cooling operations. This helps to balance electricity demand and supply on the national power grid at critical times, while facilitating the integration of more renewables, and allowing customers to benefit from system savings. Quotes from Partners Quote from IOI Properties for Marina View “Sustainability is embedded in the core of everything we do at IOI Properties. Our focus is on ensuring that we meet the needs of the present, without compromising the needs of future generations. We believe that the power of collaboration is key to developing sustainable solutions and achieving tangible results. The connection of our latest mixed-use development at Marina View to the Marina Bay District Cooling Network marks the next step on our journey of partnership with SP Group following the inclusion of our Grade A office development, IOI Central Boulevard Towers, to the Network last year. We are proud that together we are aligned in our vision of accelerating the development of greener buildings.” Mr Shawn Chang, General Manager, Property Development, IOI Properties Quote from SingLand for Clifford Centre "SingLand is pleased to be a part of Singapore District Cooling (SDC)’s initiative to expand the Marina Bay District Cooling Network. The adoption of a cleaner and greener cooling solution for the redevelopment of Clifford Centre will ensure that we achieve the highest energy efficiency and reduced carbon emissions. We look to integrate more of such innovative solutions for our portfolio of properties to accelerate our shift towards a low-carbon economy and contribute towards Singapore’s long-term sustainability goals.” Jonathan Eu, Chief Executive Officer, Singapore Land Group About SP Group SP Group is a leading utilities group in the Asia Pacific, empowering the future of energy with lowcarbon, smart energy solutions for its customers. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, as well as sustainable energy solutions in Singapore, China, Thailand and Vietnam. 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 worldwide. Beyond traditional utilities services, SP Group provides a suite of sustainable and renewable energy solutions such as microgrids, cooling and heating systems for business districts and residential townships, solar energy solutions, electric vehicle fast-charging stations and digital energy solutions for customers in Singapore and the region. For more information, please visit spgroup.com.sg or follow us on Facebook at spgrp.sg/facebook, LinkedIn at spgrp.sg/linkedin and Instagram at spgrp.sg/Instagram.

News Release SP GROUP EXPANDS MARINA BAY DISTRICT COOLING NETWORK WITH NEW PARTNERSHIPS • 8 Shenton Way, IOI Central Boulevard Towers, 80 Anson Road, Marina Bay Sands Integrated Resort Expansion and NS Square, will be connected to the world’s largest underground district cooling network • Sustainable cooling solution helps Marina Bay avoid almost 20,000 tonnes of carbon emissions annually Singapore, 20 April 2022 – SP Group (SP) announced that it will be providing its energy efficient district cooling services to five upcoming new and retrofit developments – 8 Shenton Way (formerly AXA Tower), the commercial component of 80 Anson Road (formerly Fuji Xerox Towers), IOI Central Boulevard Towers, Marina Bay Sands Integrated Resort Expansion and NS Square – through its Marina Bay District Cooling Network. Marina Bay is planned as a sustainable live-work-play district, and all developments are served by a comprehensive underground network of common services tunnels that houses the district cooling system. 1 The addition of the five developments will further expand the world’s largest underground district cooling network, bringing the total number of buildings served by SP’s Marina Bay operations to 28. SP’s sustainable cooling solution will help the Marina Bay district reduce its carbon emissions by 19,439 tonnes annually while providing the same cool comfort. This is equivalent to removing 17,672 cars off our roads. At an appreciation event held earlier today which marked the expansion of the Marina Bay District Cooling network, Mr Desmond Lee, Minister for National Development and Minister-in-charge of Social Services Integration, presented certificates of appreciation to 1 District cooling in Marina Bay provides centralised cooling to developments in the area. There are two district cooling plants in Marina Bay, both situated underground and seamlessly integrated with the surrounding developments, providing greater reliability of services and allows more efficient use of energy across the district. SP Group operates the district cooling network in Marina Bay. 1 the building owners of the five buildings – City Developments Limited (CDL), IOI Properties, Marina Bay Sands Singapore, NS Square, and Perennial Holdings – affirming their commitment to the sustainable development of our city centre. Through subscribing to district cooling, the new developments will enjoy reliable cooling comfort with the network achieving zero supply interruptions since the Marina Bay District Cooling operations started in 2006. Without the need to invest in their own chillers, the new developments will enjoy a lower initial investment cost compared to a conventional air-conditioning system. The savings on equipment, operating and maintenance costs will also reduce the total cost of ownership by up to 15 per cent. Having centralised chiller plants also frees up prime space for other commercial or lifestyle purposes, potentially increasing asset yield for building owners. SP’s Group Chief Executive Officer, Mr Stanley Huang, said, “SP Group is the largest district cooling solutions provider in Singapore. With the expanded infrastructure in place, we are pleased to extend the same reliable and sustainable solution to other buildings in Singapore’s core financial district and look forward to welcoming more partners to this network. Together, we can accelerate the development of greener buildings and cities to achieve Singapore’s ambitious sustainability targets.” In addition to the energy savings and the reduction in carbon emissions, developments will also benefit from the centralisation of ownership and maintenance of their cooling systems under a district cooling operator, ensuring optimal operations at all times. SP as the district cooling operator is responsible for meeting the industry sustainability standards. Under the latest BCA Green Mark 2021 (GM: 2021) green building certification scheme, buildings supplied by an external district cooling system (DCS) plant have a dedicated pathway to demonstrate their energy efficiency performance, allowing for a more seamless certification experience. With the inclusion of these new customers, SP will be increasing the capacity of its Marina Bay district cooling network to 70,000 refrigerant tons (RT). It will also add more than two 2 kilometres of underground insulated pipes to the network to cater to the additional demand and cooling capacity. To further enhance the reliability of the network, SP is exploring installing thermal storage tanks in the neighbouring Central Business District to increase the network’s energy storage capacity. These auxiliary chilled water tanks will enable the existing network to significantly reduce its peak load consumption and support future expansion of the cooling network beyond the Marina Bay vicinity. Additional energy storage capacity will also facilitate the incorporation of more renewable energy sources to the grid by mitigating the intermittency of renewables while maintaining grid stability and reliability. The deployment of energy storage systems, such as thermal storage tanks, is in line with government’s energy storage target and vision of a clean and efficient energy future. SP continues to actively engage with potential customers to further expand the Marina Bay district cooling network. It is currently studying the feasibility of M Hotel Singapore, a hotel under the CDL Group, being the first brownfield hotel development to incorporate district cooling in its operations. In addition to the Marina Bay district cooling network, SP is also collaborating with the Housing and Development Board (HDB) to deploy Singapore’s first residential centralised cooling system for up to 22,000 households at the upcoming Tengah housing estate by 2023. SP will also be developing Singapore’s first brownfield, sustainable cooling solution for a town centre at Tampines. When completed, SP will be operating a total 118,500 RTs of cooling capacity through its district cooling networks, extending its lead as the biggest provider of district cooling solutions in Singapore. - Ends - 3 Quotes from new partners Quote from City Developments Limited for 80 Anson Road (formerly Fuji Xerox Towers) “We are delighted for 80 Anson Road’s commercial space to be part of SP Group’s initiative to provide sustainable cooling solutions to the Marina Bay district. This partnership reaffirms our support of global climate action and commitment to achieve net zero operational carbon emissions by 2030 for all our wholly-owned assets and developments under direct operational and management control. Our 80 Anson Road redevelopment project is a prime example of how we create environmentally-friendly developments with health and wellness at the centre of building design and construction. Apart from being CDL’s first super low-energy integrated development, 80 Anson Road has also set a new benchmark as Singapore’s first Green Mark Platinum Super Low Energy integrated development, with certifications obtained for both its residential and commercial (comprising serviced apartments, office and retail) components. Together with our partners and stakeholders in the building value chain, we will continue to push the envelope in developing innovative solutions and technologies to tackle climate change and enable a greener and more resilient ecosystem for the communities we operate in.” Mr Chia Ngiang Hong, Group General Manager, City Developments Limited (CDL) Quote from IOI Properties for IOI Central Boulevard Towers “As the next office landmark in Singapore’s new downtown, IOI Central Boulevard Towers is proud to partner SP Group to bring the Marina Bay District Cooling Network into its next phase of expansion. The network’s propositions are well aligned to IOI Properties Group’s vision to develop IOI Central Boulevard Towers into a sustainable premium Grade A office icon that creates shared values and positive impacts for our stakeholders; and adopts innovation solutions to bring about a low-carbon, smart energy future for Singapore.” Ms Lee Yean Pin, Director of Wealthy Link Pte Ltd (a subsidiary of IOI Properties Group) Quote from NS Square “As part of NS Square’s sustainability strategy in support of the Singapore Green Plan, the development will be tapping on the SP Group’s Marina Bay District Cooling Network to 4 achieve higher energy savings and reduction in carbon emissions. Together with the use of renewable energy technologies and other innovative cooling solutions, NS Square will be a sustainable and vibrant space in Marina Bay.” Quote attributed to a spokesperson from The Ministry of National Development and The Ministry of Defence 5 About SP Group SP Group is a leading utilities group in the Asia Pacific, empowering the future of energy with low-carbon, smart energy solutions for its customers. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and sustainable energy solutions in Singapore, China and Vietnam. 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 worldwide. Beyond traditional utilities services, SP Group provides a suite of sustainable and renewable energy solutions such as microgrids, cooling and heating systems for business districts and residential townships, solar energy solutions, electric vehicle fast charging and digital energy solutions 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. 6

News Release SP Group Expands Marina Bay District Cooling Network With New Partnerships 8 Shenton Way, IOI Central Boulevard Towers, 80 Anson Road, Marina Bay Sands Integrated Resort Expansion and NS Square, will be connected to the world’s largest underground district cooling network Sustainable cooling solution helps Marina Bay avoid almost 20,000 tonnes of carbon emissions annually Singapore, 20 April 2022 – SP Group (SP) announced that it will be providing its energy efficient district cooling services to five upcoming new and retrofit developments – 8 Shenton Way (formerly AXA Tower), the commercial component of 80 Anson Road (formerly Fuji Xerox Towers), IOI Central Boulevard Towers, Marina Bay Sands Integrated Resort Expansion and NS Square – through its Marina Bay District Cooling Network. Marina Bay is planned as a sustainable live-work-play district, and all developments are served by a comprehensive underground network of common services tunnels that houses the district cooling system.1 The addition of the five developments will further expand the world’s largest underground district cooling network, bringing the total number of buildings served by SP’s Marina Bay operations to 28. SP’s sustainable cooling solution will help the Marina Bay district reduce its carbon emissions by 19,439 tonnes annually while providing the same cool comfort. This is equivalent to removing 17,672 cars off our roads. At an appreciation event held earlier today which marked the expansion of the Marina Bay District Cooling network, Mr Desmond Lee, Minister for National Development and Minister-in-charge of Social Services Integration, presented certificates of appreciation to the building owners of the five buildings – City Developments Limited (CDL), IOI Properties, Marina Bay Sands Singapore, NS Square, and Perennial Holdings – affirming their commitment to the sustainable development of our city centre. Through subscribing to district cooling, the new developments will enjoy reliable cooling comfort with the network achieving zero supply interruptions since the Marina Bay District Cooling operations started in 2006. Without the need to invest in their own chillers, the new developments will enjoy a lower initial investment cost compared to a conventional air-conditioning system. The savings on equipment, operating and maintenance costs will also reduce the total cost of ownership by up to 15 per cent. Having centralised chiller plants also frees up prime space for other commercial or lifestyle purposes, potentially increasing asset yield for building owners. SP’s Group Chief Executive Officer, Mr Stanley Huang, said, “SP Group is the largest district cooling solutions provider in Singapore. With the expanded infrastructure in place, we are pleased to extend the same reliable and sustainable solution to other buildings in Singapore’s core financial district and look forward to welcoming more partners to this network. Together, we can accelerate the development of greener buildings and cities to achieve Singapore’s ambitious sustainability targets.” In addition to the energy savings and the reduction in carbon emissions, developments will also benefit from the centralisation of ownership and maintenance of their cooling systems under a district cooling operator, ensuring optimal operations at all times. SP as the district cooling operator is responsible for meeting the industry sustainability standards. Under the latest BCA Green Mark 2021 (GM: 2021) green building certification scheme, buildings supplied by an external district cooling system (DCS) plant have a dedicated pathway to demonstrate their energy efficiency performance, allowing for a more seamless certification experience. With the inclusion of these new customers, SP will be increasing the capacity of its Marina Bay district cooling network to 70,000 refrigerant tons (RT). It will also add more than two kilometres of underground insulated pipes to the network to cater to the additional demand and cooling capacity. To further enhance the reliability of the network, SP is exploring installing thermal storage tanks in the neighbouring Central Business District to increase the network’s energy storage capacity. These auxiliary chilled water tanks will enable the existing network to significantly reduce its peak load consumption and support future expansion of the cooling network beyond the Marina Bay vicinity. Additional energy storage capacity will also facilitate the incorporation of more renewable energy sources to the grid by mitigating the intermittency of renewables while maintaining grid stability and reliability. The deployment of energy storage systems, such as thermal storage tanks, is in line with government’s energy storage target and vision of a clean and efficient energy future. SP continues to actively engage with potential customers to further expand the Marina Bay district cooling network. It is currently studying the feasibility of M Hotel Singapore, a hotel under the CDL Group, being the first brownfield hotel development to incorporate district cooling in its operations. In addition to the Marina Bay district cooling network, SP is also collaborating with the Housing and Development Board (HDB) to deploy Singapore’s first residential centralised cooling system for up to 22,000 households at the upcoming Tengah housing estate by 2023. SP will also be developing Singapore’s first brownfield, sustainable cooling solution for a town centre at Tampines. When completed, SP will be operating a total 118,500 RTs of cooling capacity through its district cooling networks, extending its lead as the biggest provider of district cooling solutions in Singapore. 1District cooling in Marina Bay provides centralised cooling to developments in the area. There are two district cooling plants in Marina Bay, both situated underground and seamlessly integrated with the surrounding developments, providing greater reliability of services and allows more efficient use of energy across the district. SP Group operates the district cooling network in Marina Bay. - Ends - Quotes from new partners Quote from City Developments Limited for 80 Anson Road (formerly Fuji Xerox Towers) We are delighted for 80 Anson Road’s commercial space to be part of SP Group’s initiative to provide sustainable cooling solutions to the Marina Bay district. This partnership reaffirms our support of global climate action and commitment to achieve net zero operational carbon emissions by 2030 for all our wholly-owned assets and developments under direct operational and management control. Our 80 Anson Road redevelopment project is a prime example of how we create environmentally-friendly developments with health and wellness at the centre of building design and construction. Apart from being CDL’s first super low-energy integrated development, 80 Anson Road has also set a new benchmark as Singapore’s first Green Mark Platinum Super Low Energy integrated development, with certifications obtained for both its residential and commercial (comprising serviced apartments, office and retail) components. Together with our partners and stakeholders in the building value chain, we will continue to push the envelope in developing innovative solutions and technologies to tackle climate change and enable a greener and more resilient ecosystem for the communities we operate in.” Mr Chia Ngiang Hong, Group General Manager, City Developments Limited (CDL) Quote from IOI Properties for IOI Central Boulevard Towers “As the next office landmark in Singapore’s new downtown, IOI Central Boulevard Towers is proud to partner SP Group to bring the Marina Bay District Cooling Network into its next phase of expansion. The network’s propositions are well aligned to IOI Properties Group’s vision to develop IOI Central Boulevard Towers into a sustainable premium Grade A office icon that creates shared values and positive impacts for our stakeholders; and adopts innovation solutions to bring about a low-carbon, smart energy future for Singapore.” Ms Lee Yean Pin, Director of Wealthy Link Pte Ltd (a subsidiary of IOI Properties Group) Quote from NS Square “As part of NS Square’s sustainability strategy in support of the Singapore Green Plan, the development will be tapping on the SP Group’s Marina Bay District Cooling Network to achieve higher energy savings and reduction in carbon emissions. Together with the use of renewable energy technologies and other innovative cooling solutions, NS Square will be a sustainable and vibrant space in Marina Bay.” Quote attributed to a spokesperson from The Ministry of National Development and The Ministry of Defence About SP Group SP Group is a leading utilities group in the Asia Pacific, empowering the future of energy with low-carbon, smart energy solutions for its customers. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and sustainable energy solutions in Singapore, China and Vietnam. 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 worldwide. Beyond traditional utilities services, SP Group provides a suite of sustainable and renewable energy solutions such as microgrids, cooling and heating systems for business districts and residential townships, solar energy solutions, electric vehicle fast charging and digital energy solutions 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.