Singaporean firms join forces for sustainable urbanisation

Keppel Corporation and DBS Bank have signed a memorandum of understanding (MOU) to develop sustainable urbanisation and digitalisation solutions in Asia, with a focus on India.

The collaboration aims to accelerate energy optimisation across energy-intensive segments in the region, including real estate, healthcare and hospitality, the companies said.

Under the MOU, businesses can access Keppel’s suite of energy-as-a-service solutions, including high-efficiency cooling, sustainable energy and storage, and electric vehicle charging infrastructure, while DBS provides financing solutions to help them overcome potential cost barriers.

Loh Chin Hua, CEO of Keppel Corporation, said: “The MOU provides a platform for Keppel and DBS to deepen collaboration and develop solutions to help companies be more sustainable, digitalised and ultimately, more competitive in an increasingly complex operating environment.”