Keppel Collaborates with Sovico in Vietnam

Mar 2022

Singapore’s Keppel Group and Vietnam’s Sovico Group have signed a Memorandum of Understanding to develop and roll out sustainable energy and smart, sustainable township management services in Vietnam. The two parties will collaborate through their subsidiaries to investigate the development and implementation of energy and environmental solutions, as well as to identify, develop, operate, and manage smart and sustainable projects in Vietnam’s key cities, beginning with Ho Chi Minh City and Hanoi.

Keppel Infrastructure Holdings Pte Ltd will collaborate with Sovico Group through its wholly-owned subsidiary Keppel Energy Ventures Pte Ltd to harness sustainability-related technologies and develop end-to-end sustainable energy solutions, including renewables, electrification, energy efficiency, and domestic solid waste treatment, in support of Vietnam’s transition to a green and carbon-neutral economy.

The collaboration will concentrate on scalable decarbonization solutions such as vehicle electrification and charging infrastructure, smart microgrids, sustainable energy-from-waste, and energy-as-a-service (EaaS), with the goal of reducing greenhouse gas emissions on a large scale. The two parties will also work together to develop sustainable fuels for sectors such as power, industry, maritime transportation, and aviation, where carbon emissions may be more difficult to reduce.

In addition, Keppel Land Limited (Keppel Land), Keppel Urban Solutions, Sovico Group and Phu Long Real Estates Joint Stock Company (Phu Long), a member of Sovico Group, have signed an MOU to cooperate in urban development which covers collaboration on smart and sustainable projects across Vietnam and the provision of related urban solutions and services, including master planning and infrastructure planning, placemaking and township management services to create highly liveable, vibrant spaces and digitally-connected communities, starting with Mailand Hanoi City.

(Source: Keppel Infrastructure)

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