Keppel Ltd. (Keppel), through its Infrastructure Division, has signed a non-binding Memorandum of Understanding (MOU) with the Japan Bank for International Cooperation (JBIC), aimed at establishing a clean energy supply chain in Asia that will help to advance the energy transition and promote sustainable digitalisation in the region.

Under the MOU, both parties seek to cooperate in areas such as renewable energy, transmission lines for energy trade, hydrogen, ammonia, data centres and subsea cables in Asia. This collaboration leverages Keppel’s deep expertise in sustainability and connectivity solutions and JBIC’s financing capabilities and business networks, with the aim of contributing to carbon neutrality and economic growth in Asia. The partnership will also make avail potential financing for Keppel’s ongoing projects in electricity importation and low carbon energy.

The MOU was signed in Singapore by Mr Chua Yong Hwee, Managing Director, Energy Nexus of Keppel’s Infrastructure Division and Mr Atsuki Shibuya, Deputy Director General, Director of Division 2, New Energy and Power Finance Department II, JBIC. The signing was witnessed by Mr Loh Chin Hua, CEO of Keppel, Ms Cindy Lim, CEO of Keppel’s Infrastructure Division, Mr Tadashi Maeda, Chairman of JBIC and Ms Kazuko Sakuma, Resident Executive Officer, Regional Head for Asia and Pacific, JBIC.

Mr Chua Yong Hwee, Managing Director, Energy Nexus, Keppel’s Infrastructure Division said, “Our partnership with JBIC marks an important step forward in advancing Asia’s journey towards a low-carbon future anchored on sustainable infrastructure for energy and connectivity. By combining Keppel’s deep expertise in sustainability and digital infrastructure, with JBIC’s financial strengths and the advanced technology of Japanese enterprises, we are well-positioned to build a robust energy supply chain together, setting new standards for sustainable development in Asia while generating value for our stakeholders.”

Keppel is helping to meet Asia’s growing demand for cleaner energy and sustainable infrastructure through its involvement in various pathfinding projects. These include pioneering cross-border low carbon electricity trade in ASEAN, advancing clean energy projects involving hydrogen and ammonia, as well as developing and operating quality data centres in Asia-Pacific, including hyperscale AI-ready assets across Japan, Singapore and Taiwan. Keppel is also pursuing opportunities to develop two new subsea cable systems with over 30 fibre pairs connecting Southeast Asia to the rest of Asia and beyond.

The aforementioned MOU is not expected to have any material impact on Keppel’s earnings per share or net tangible assets per share for the current financial year.

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About Keppel Ltd. 

Keppel Ltd. (SGX:BN4) is a global asset manager and operator with strong expertise in sustainability-related solutions spanning the areas of infrastructure, real estate and connectivity. Headquartered in Singapore, Keppel operates in more than 20 countries worldwide, providing critical infrastructure and services for renewables, clean energy, decarbonisation, sustainable urban renewal and digital connectivity. Keppel creates value for investors and stakeholders through its quality investment platforms and diverse asset portfolios, including private funds and listed real estate and business trusts.