Singapore-based Keppel Corporation has secured USD70 million worth of contracts to deliver energy-as-a-service (EaaS) in Vietnam. Under the scope of works, Keppel will provide its services to Republic Holiday Inn, Republic Suite Plaza and Estella Place in Ho Chi Minh City, as well as Grand Mercure Hotel and Resort in Quang Binh province.
The EaaS model will allow businesses to enter a supply-and-service contract for energy usage without requiring upfront capital investments.
Keppel will also undertake the design and upgrade of existing cooling systems to improve energy efficiency. Once completed, the projects are expected to offset 3,500 tonnes of emissions per year.