GAS TRANSPORTATION TARIFFS (for Shippers with customers off-taking natural gas at high pressure) (W.E.F. 1 Apr 25) 1 Introduction 1.1 Under the Gas Network Code, PowerGas is the Gas Transporter and is responsible for maintaining the reliability and safety of the gas transportation network in Singapore. PowerGas’ transportation business is regulated by the Energy Market Authority (EMA). The transportation tariffs levied by PowerGas are approved by the EMA. 1.2 PowerGas charges transportation tariffs for the transport of gas through its network. PowerGas’ transportation tariffs are levied on Shippers and not the end-users. End-users’ transportation charges imposed by Shippers are commercial arrangements between both parties. 2 Natural Gas Transmission Tariffs 2.1 There are two gas transmission networks, namely Transmission Network 1 and Transmission Network 2. Transmission Network 1 refers to the natural gas transmission network conveying both piped natural gas and regasified LNG from West Natuna (Indonesia) and the LNG Terminal. Transmission Network 2 is the natural gas transmission network conveying both piped natural gas and regasified LNG from South Sumatra (Indonesia), Attap Valley (Malaysia) and the LNG Terminal. 2.2 Transmission tariffs consist of capacity and usage charges (refer to Section 3 below for details). These charges are applicable to Shippers off-taking gas at high pressure. The same charging structure also applies to Shippers with Small Transmission Customers (i.e. with load less than or equal to 5 bbtud). 3 Transmission Charging Structure 3.1 Shippers book capacity with PowerGas to transport gas from designated injection points to off-take points. Shippers pay entry and exit charges based on their respective booked capacity. In addition, a usage charge is levied on the volume of gas transported. 3.2 Arising from EMA’s notification to the industry dated 21 March 2024, a GSC of 22 cents/mmBtu for PNG Injection Points or GSC of 3 cents/mmBtu for LNG Injection Points is imposed on PNG and LNG gas users respectively with effect from 1 Apr 25 to recover the cost associated with Strategic Capacity (as defined in EMA's Policy Paper issued to the industry dated 30 Sep 2019). The Transporter will collect the GSC from all Shippers as an agent for and on behalf of SLNG. The GSC will be reviewed from time to time as directed by EMA and will be included as an uplift in the usage charge. Details of the transmission charges are shown in Table 1 of the Appendix. 3.3 These transmission charges do not include specific cost items which need to be determined on a case-by-case basis for inclusion into the final transmission charges. 3.4 For Shippers with Small Transmission Customers (i.e. requiring gas at high pressure, but with load of less than or equal to 5 bbtud), the transportation charges as shown in Table 2 of the appendix shall apply. 3.5 Shippers will have to pay Overrun Charges in the event they off-take gas above their booked capacity. These Overrun Charges are necessary to encourage the efficient use of the gas network. There are two types of Overrun Charges: • Authorised Capacity Overrun Charge: If a Shipper applies for additional capacity above the booked capacity (i.e. capacity overrun), the Authorised Capacity Overrun Charge, equivalent to 1.25 times the Transmission Capacity Charge rate, shall be applied on that additional capacity. 2 • Unauthorised Capacity Overrun Charge: If a Shipper does not apply for Authorised Capacity Overrun for utilisation of additional capacity above the booked capacity, it will pay 2 times the Transmission Capacity Charge rate for that additional capacity utilised. 4 Appendix – Table of Charges Transmission Network 1 (locational) Transmission Network 2 (locational) Table 1: Transmission Charges (Exclusive of GST) Entry Capacity Charge per annum ($/MMBtu/hr) Exit Capacity Charge per annum ($/MMBtu/hr/km) Transmission Usage Charge ($/MMBtu) 891.91 57.94 0.0087 1,503.65 (Attap Valley Injection Point) 1,093.61 (Sakra Injection Point) 43.07 0.0132 New Pipeline – utilised 276.51 276.51* 0.0034 New Pipeline – excess 232.31 232.31* 0.0041 GSC for PNG Injection Point N.A. N.A. 0.2200 GSC for LNG Injection Point N.A. N.A. 0.0300 * in $/MMBtu/hr per annum Transmission Network 1 (locational) Table 1a: Transmission Charges (Inclusive of 9% GST) + Entry Capacity Charge per annum ($/MMBtu/hr) Exit Capacity Charge per annum ($/MMBtu/hr/km) Transmission Usage Charge ($/MMBtu) 972.18 63.15 0.0095 Transmission Network 2 (locational) 1,638.98 1,192.03 46.95 0.0144 New Pipeline – utilised 301.40 301.40* 0.0037 New Pipeline – excess 253.22 253.22* 0.0045 GSC for PNG Injection Point N.A. N.A. 0.2398 GSC for LNG Injection Point N.A. N.A. 0.0327 * in $/MMBtu/hr per annum 3 Table 2: Transmission Charges for Shippers with Small Transmission Customers (Exclusive of GST) Transmission Network 1 (West Natuna) Transmission Network 1 (SLNG) Transmission Network 2 (Attap Valley) Transmission Network 2 (Sakra) Transmission Network 2 (SLNG) Entry Capacity Charge per annum ($/MMBtu/hr) Exit Capacity Charge per annum ($/MMBtu/hr) Transmission Usage Charge (comprising non- GSC and GSC) ($/MMBtu) 1,124.22 5,705.00 0.0171 ($/MMBtu) + 0.2200 1,337.32 6,044.92 0.0205 + 0.0300 1,735.95 5,093.27 0.0171 + 0.2200 1,325.92 5,503.30 0.0171 + 0.2200 1,272.14 6,110.10 0.0205 + 0.0300 Table 2a: Transmission Charges for Shippers with Small Transmission Customers (Inclusive of 9% GST) + Transmission Network 1 (West Natuna) Transmission Network 1 (SLNG) Transmission Network 2 (Attap Valley) Transmission Network 2 (Sakra) Transmission Network 2 (SLNG) Entry Capacity Charge per annum ($/MMBtu/hr) + Note: Figures may not reflect the full GST effect due to rounding. Exit Capacity Charge per annum ($/MMBtu/hr) Transmission Usage Charge (comprising non- GSC and GSC) ($/MMBtu) 1,225.40 6,218.45 0.0186 ($/MMBtu) + 0.2398 1,457.68 6,588.96 0.0223 + 0.0327 1,892.19 5,551.66 0.0186 + 0.2398 1,445.25 5,998.60 0.0186 + 0.2398 1,386.63 6,660.01 0.0223 + 0.0327 4

Media Release Singapore’s largest industrial district cooling system begins operations to support STMicroelectronics’ decarbonisation strategy Designed, built, owned and operated by a joint venture between SP Group and Daikin Airconditioning (Singapore), the innovative district cooling system will significantly improve the environmental performance of ST’s high-volume semiconductor manufacturing site in Singapore New system expected to reduce carbon emissions by 120,000 tonnes per year, cooling-related electricity costs by 20 percent each year, and repurposing over half a million cubic meters of water consumption per year 21 October 2025, Geneva, Switzerland, and Singapore – STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, and SP Group (SP), a leading utilities group in the Asia Pacific and Singapore’s national grid operator, have commenced operations for Singapore’s largest industrial district cooling system at STMicroelectronics’ (ST) Ang Mo Kio TechnoPark. The event was inaugurated by Ms. Low Yen Ling, Senior Minister of State, Ministry of Trade and Industry and Ministry of Culture, Community and Youth. The system is expected to reduce carbon emissions by up to 120,000 tonnes per year and enable 20 per cent savings on cooling-related electricity consumption. It will also repurpose over half a million cubic meters of water each year by using reject reverse osmosis water, previously used in ST Cooling Towers, to support the new district cooling operations.  This marks ST’s first use of district cooling at a manufacturing facility and will strengthen ST’s commitment to be carbon neutral by 2027. “The deployment of Singapore’s largest industrial district cooling system at our Ang Mo Kio TechnoPark demonstrates our commitment to pioneering energy-efficient solutions that reduce carbon emissions and conserve resources. This achievement strengthens our partnership with Singapore in advancing its national sustainability goals, said Rajita D’Souza, President of Human Resources and Corporate Social Responsibility at STMicroelectronics. “By integrating advanced technologies like the district cooling system, we are driving a smarter, greener future — showcasing how industry leadership and environmental stewardship align to create lasting value for our business, communities, and the planet.” “SP Group’s strategic partnership with STMicroelectronics marks a pivotal milestone in our nation’s transition towards a low-carbon future. This project showcases how collaborative innovation can transform urban infrastructure to deliver sustainable, energy-efficient solutions. District cooling will continue to play a vital role in Singapore’s net-zero ambitions, enabling carbon emissions reduction and enhancing energy resilience across industrial and urban developments,” said Mr Stanley Huang, SP’s Group Chief Executive Officer.  Technical information about the district cooling system  Designed, built, owned, and operated by a joint venture between SP and Daikin Airconditioning (Singapore), the system has an installed capacity of up to 36,000 refrigeration tonnes (RT). It delivers continuous chilled water to cool both manufacturing and office spaces via a centralised closed-loop pipe network replacing individual chillers in each building. The total area served by the system is approximately 90,000 square metres. Chillers in series counterflow configuration reduce the energy required to cool the water. This ensures an efficient and reliable 24/7 operation, with remote monitoring capabilities augmenting the operations team on site to come. “This partnership with SP reflects Daikin’s commitment to delivering advanced, energy-efficient solutions that go beyond immediate operational needs. Our goal is to contribute to a more sustainable built environment, where technology plays a key role in enhancing resilience, reducing environmental impact, and supporting Singapore’s long-term climate ambitions,” said Mr Chua Ban Hong, Managing Director at Daikin Airconditioning (Singapore). Additionally, the new installations free up around 4,000 square metres of space at Ang Mo Kio TechnoPark, which will enable ST to install other equipment contributing to environmental impact mitigation. This includes perfluorocarbon (PFC) abatement equipment, with near-future plans for additional water reclamation systems and volatile organic compounds (VOC) abatement as part of its ongoing sustainability efforts. The project achieved over 2 million accident-free man hours, underscoring the commitment to safety during construction. The district cooling plant has been awarded the Green Mark Platinum Super Low Energy certification by the Building and Construction Authority for its exceptional energy efficiency and sustainable design. Incorporating whole-life carbon assessments during design and construction of the plant also enabled a reduction of about 44 percent in embodied carbon compared to industrial building benchmarks, achieved through optimised material choices and system design to further lower the plant’s carbon footprint. Further collaboration between STMicroelectronics and SP Group To accelerate its decarbonisation roadmap, ST has also partnered with SP to upgrade the cooling system at its Toa Payoh site. Under a 20-year chilled-water-as-a-service agreement, SP will design, build, operate, and maintain a new high-efficiency chiller system, scheduled for completion by December 2025. The system will improve energy efficiency and aims to reduce carbon emissions by approximately 2,140 tonnes annually. In addition to sustainable cooling solutions, ST and SP are implementing a range of sustainable technologies across ST’s Ang Mo Kio and Toa Payoh campuses. This includes the deployment of the energy management information system (EMIS), comprising 2,400 smart electricity meters and multi-utility sensors. With SP’s smart metering infrastructure in place, ST can monitor its overall energy consumption – enabling data-driven decisions that enhance efficiency and sustainability. SP has also implemented smart water meters that track water inflow to five of ST’s buildings. This provides ST with an accurate view of its water consumption, allowing the organisation to enhance its critical wafer fabrication operations by ensuring greater water efficiency. Together, the partnership delivers on a shared vision for a smarter, cleaner energy future through integrated digitalisation and decarbonisation at scale.  

Particulars of Electrical Installation FORM CERTIFICATE OF COMPLIANCE Name of Consumer: _______________________________________________________________ Address of Installation: _____________________________________________________________ _____________________________________________________________________________ Electrical Installation Licence No.: ____________________ MSS Account No.: ___________________ Approved load & Supply Voltage: ___________________ kW ___________________ Volts Generator(s) Installed: Operated in parallel with PowerGrid’s network No. of Generator(s): ________ Rating: _________kVA Standby Generator No. of Generator(s): ________ Rating: _________kVA Not Applicable Electrical Installation Design Certification I certify that the design of the above-mentioned electrical installation complies with the requirements of the Electricity (Electrical Installations) Regulations 2002 and the relevant Singapore Standard Code of Practice. With the certification of compliance by the LEW responsible for the installation work as shown below, I hereby request for the energisation of the supply line to the said electrical installation on _________________ (date). ___________ __________ Name & Signature of LEW responsible Licence No. Date for design of electrical installation* Electrical Installation Inspection Certification I have supervised the work of the above-mentioned electrical installation and hereby certify that the electrical installation complies with the requirements of the Electricity (Electrical Installations) Regulations 2002 and the relevant Singapore Standard Code of Practice. I further certify that the technical requirements as stipulated by the person responsible for turning on the switchgear which controls the supply of electricity to the said electrical installation have been complied with. ___________ __________ Name & Signature of LEW responsible Licence No. Date for electrical installation work* *The same LEW may perform both design and installation work for the electrical installation. Copy to: Market Support Services Licensee REF: E(EI)Reg5(2)

Media Release SP Group recognised with five accolades at the Community Chest Awards 2025 Scale-up of outreach, staff volunteerism and multiplier impact are key features of SP’s giving SINGAPORE, 8 OCTOBER 2025 – For the third consecutive year, SP Group (SP) has been awarded the Pinnacle Award, the highest accolade at the Community Chest Awards. SP has also received the Charity Platinum Award, Enabler Award, SGSHARE Award and Volunteer Partner Award, bringing its total to five accolades – the highest number conferred on any organisation this year. This reaffirms SP’s expanding outreach among seniors, children and youths, and most recently, extending support to meet growing needs in the special education sector. The company has also focused on being a multiplier of good, by rallying greater participation from its employees, business partners and customers in its community outreach initiatives. SP’s combined contributions of donations and staff volunteerism have risen steadily from S$5 million in 2022 to S$5.8 million in 2024. Receiving the award from President Tharman Shanmugaratnam was SP’s Group Chief Executive Officer, Mr Stanley Huang. Mr Huang said, "We thank Community Chest for this unprecedented honour. Working closely with our social service partners has enabled us to have a keen grasp of the evolving needs of our fellow Singaporeans from lower income backgrounds. These needs range from cost-of-living concerns to special education resources and holistic programmes to help seniors age in place.” Mr Huang also paid tribute to SP’s partners in this Year of Celebrating Social Service Professionals. He said they are “instrumental as the backbone of our community care network through their dedicated and inspiring efforts”. Strong culture of staff volunteerism At the heart of SP’s community initiatives are its staff volunteers, also known as SP Heart Workers. Last year, more SP employees stepped forward as volunteers, clocking an increase of 50 per cent in volunteer hours from the previous year. This is an encouraging outcome through the pathways SP has created for its people to be agents of doing good. SP Heart Workers engaged with over 1,500 beneficiaries in an array of outreach activities for the vulnerable and underserved throughout the year. These were carried out in collaboration with social service partners such as Allkin, KidSTART, TOUCH Community Services and Youth Guidance Outreach Services. Supporting employment for persons with disabilities and special education needs In partnership with St Andrew’s Autism Centre, SP donated S$700,000 to support a multi-pronged vocational training programme that benefits over 400 youths with moderate autism and provides relief to their caregivers. The Dignity of Work initiative provides a structured food and beverage employment pathway that tackles the “post-18 cliff”, where youths with autism struggle to find employment or meaningful engagement after completing their formal education. Sustainably sourced products and ground-up initiatives from social enterprises are amplified through SP’s inclusive procurement efforts. As host of the 25th Conference of the Electric Power Supply Industry (CEPSI) in 2025, SP commissioned SG60-branded laptop sleeves from JOURNEY, a brand under TOUCH Community Services, continuing a partnership that began in 2023. SP also collaborated with organisations such as Society for Physically Disabled and The Art Faculty to procure handcrafted leather goods and artworks as corporate gifts, showcasing the talents of persons with disabilities or on the autism spectrum. Deepening community impact by empowering diverse groups The SP Heartware Fund, in partnership with Community Chest, has raised more than S$30 million since it was established in 2005. The Fund has since expanded its focus to meet the evolving needs of different groups across the community. Last year, SP also delivered over 10,000 Power Packs of daily essential items for seniors, children and youths, worth a total of $300,000. Each pack is customised for the needs of the three segments of recipients. For more information on SP Group’s community efforts, please visit https://spgrp.sg/csr.   

Media Release SP Group donates $850,000 for preventive outreach to isolated youths, run by Youth Guidance Outreach Services Cyber Outreach initiative aims to prevent them from becoming “hidden youth”. SINGAPORE, 5 DECEMBER 2025 – SP Group (SP) is donating S$850,000 to Youth Guidance Outreach Services (YGOS), to support its Cyber Outreach initiative, providing rehabilitation and prevention programmes for youths who may be addicted to online gaming and face the risk of social isolation. Through early intervention, the initiative aims to prevent them from becoming “hidden youth” – individuals who are disconnected from school, family, and the community and isolate themselves at home. This builds on SP Group’s past contributions to YGOS’ outreach programmes, bringing its total contributions to S$1.6 million. The initiative was launched today by Mr Xie Yao Quan, Advisor for Jurong Central GROs. Mr Xie witnessed the presentation of SP’s donation to YGOS, which was made through Community Chest. Extensive social isolation among youths can lead to poor physical health, strained family relationships, increased risks of psychological issues and even suicidal behaviours[1]. According to the Ministry of Manpower’s 2024 Labour Force Survey[2], around 17,000 youth, aged 15 to 24, in Singapore were not in school, employed nor undergoing any form of training in 2023. This represents 4.1 per cent of youth in Singapore who may be at risk of becoming “hidden youth”. This year, the government reaffirmed its commitment to preserve social mobility and strengthen safety nets – building a nation that prioritises youths and future generations. In his first parliamentary address as Prime Minister, Lawrence Wong[3] cited growing concerns among young people on intensified competition and social stratification, highlighting similar global trends such as "躺平 (tang ping)" in China, "hikikomori" in Japan and "quiet quitting" in the West. He emphasised Singapore’s commitment to defy these trends. Mr Xie said, “The world our youth face today is changing faster than ever – shaped by technology, global challenges, and evolving social norms. As a community, we must respond with understanding and action by creating safe spaces, strengthening family bonds, and offering various pathways for learning and growth. Together, we can help young Singaporeans feel valued and supported in building their future.” Mr Stanley Huang, Group CEO of SP Group, added, "Our youth today are the foundation and future talent pipeline for our nation’s growth and development. We are committed to empowering them with the right support and resources to thrive in an increasingly complex digital world. By effectively engaging them where they are, we can connect with them in ways that resonate with their interests, and foster a sense of self-worth and belonging. This in turn can help build their confidence, hone their social skills and prepare them for a smooth transition into young adulthood.” “We believe that early intervention is critical in supporting youths before challenges escalate. With the launch of our Cyber Outreach, a dedicated team to run the programme, and through our ongoing initiatives, we aim to extend sphere of connections and mentoring efforts. These will help us go further in creating a stronger and more supportive ecosystem – where every youth feels safe, seen, and empowered to do their best”, said Wilson Tan, Executive Director of YGOS. One of the youths who has benefitted from the intervention programme is 14-year-old Joey Chung. Joey was constantly immersed in online activities as she felt unseen and unheard. Before joining YGOS, she often hid behind the screen – a common behaviour among hidden youths who turn to gaming or online spaces to feel safe. At YGOS, Joey found something different: a genuine connection with a community that values her for who she is, beyond just a username. “I usually play Roblox with my online friends through a masked identity,” she said. “But here, I feel supported and can be myself. The mentors here actually care, listen and encourage me to express my doubts and concerns, and share about things that bring me joy.” A highlight of the event today was a gaming tournament attended by youths between the ages of 13 and 24 years old and community partners. About 120 participants, including a team from SP’s gaming interest group, competed in Mobile Legends: Bang Bang, a multiplayer online battle arena mobile game. By bringing the youths together to interact in person on a common interest in a safe, environment, the event aims to foster genuine connections and build a sense of community. Beyond the tournament, the youths explored educational and interactive booths hosted by YGOS, REACH Community Services and Fei Yue Community Services. These booths offered various outreach services such as how YGOS’ Cyber Outreach team connects with hidden youths online to draw them out of isolation. In 2023, SP contributed $750,000 to YGOS to launch the first-of-its-kind mobile youth engagement outpost with an electric vehicle, and to enable the full refurbishment of its youth centres in Woodlands and Ang Mo Kio to expand service delivery and outreach programmes. For more information on SP Group’s community outreach and sustainable initiatives, visit https://spgrp.sg/csr. [1] https://www.straitstimes.com/singapore/programme-to-help-singapore-youth-overcome-self-isolation-shows-promise [2] https://stats.mom.gov.sg/Pages/Youth-Summary-Table.aspx [3] https://www.channelnewsasia.com/singapore/we-first-society-lawrence-wong-social-mobility-safety-nets-5366126   

News Release Strides and SP Group to Launch Electrification-As-A-Service (EaaS) for EV Customers Singapore, 28 May 2021 – SP Group (SP) and Strides Transportation (Strides) have signed an agreement to launch Electrification-as-a-Service (EaaS) as a new offering to Strides’ drivers and fleet customers. Strides will leverage SP’s high-speed public EV charging network, which is the largest of its kind in Singapore, to provide the service. Both parties also agreed on a strategic collaboration to explore various technological solutions to enhance the EaaS offering for EV customers, including the provision and operation of charging points at customer premises. Through this tie-up, Strides, a subsidiary of SMRT Road Holdings, will offer its EV drivers and corporate customers access to high-speed chargers around Singapore. This will provide greater convenience and a quicker turnaround time for its drivers. SP Mobility, a subsidiary of SP, is a dominant player and an early mover in EV charging infrastructure. It currently has 340 charging points set up in 71 locations[1] including shopping malls, commercial buildings, business parks and industrial sites islandwide. One-third of SP’s nationwide charging network are high-speed DC chargers. The signing was witnessed by Group Chief Executive Officer of SP, Mr Stanley Huang, and SMRT Corporation’s Group Chief Executive Officer, Mr Neo Kian Hong. Mr Huang said, “We are committed to accelerating Singapore’s green mobility transition and enabling large-scale adoption through accessibility, convenience and affordability. In addition to building the most pervasive network infrastructure in Singapore, we will be drawing on our technology to find new ways to meet Stride’s business needs, and the differentiated charging needs of the EV ecosystem. I am confident this partnership will provide insights and spur innovations to drive greater operational efficiencies and sustainable outcomes for customers and drivers.” Mr Tan Kian Heong, President, SMRT Road Holdings, said, “Electric vehicle charging is key to the adoption of EV and migration to green transport modes in Singapore. As a player in the EV ecosystem, we want to assure all our partners that Strides’ Electrification-as-a-Service has a suite of solutions to meet their needs. We look forward to our collaboration with SP Group, which will go a long way towards powering our fleet of EVs, which include the electric taxis that are coming our way.” Strides’ EaaS is a suite of end-to-end solutions that include the provision and maintenance of a wide range of electric vehicles, charging infrastructure and a digital management platform. Strides and SP aim to jointly develop innovative solutions that deliver a seamless user experience and help companies and fleet owners accelerate their sustainability plans. SMRT recently announced its plans to convert its entire taxi fleet to 100% electric within the next five years. The first batch of 300 electric taxis is slated to arrive in Singapore progressively from July this year. The electrification of the entire taxi fleet is part of SMRT’s growth strategy in green businesses under its urban mobility services arm, Strides Mobility. SP had earlier signed partnerships with the Goldbell Group, Grab and Schneider Electric to support the charging needs of their EV fleets. In recent months, SP announced a partnership with Chevron to install chargers at four Caltex service stations, and added chargers at locations such as Paya Lebar Quarter, Great World City and Orchid Country Club. [1] Total number of charging points and locations accurate as at 31 March 2021

News Release SP Group Partners Frasers Property Vietnam To Bring Integrated Smart, Clean Energy Solutions To Binh Duong Industrial Park Strategic partnership will elevate sustainable industrial real estate in Vietnam Smart and clean energy initiatives will benefit industrial tenants of Binh Duong Industrial Park with greater power reliability and resilience, lower operating costs and reduced carbon footprint Ho Chi Minh & Singapore, 24 August 2023 – SP Group (SP), A leading energy utilities group and sustainable energy solutions provider in Singapore and Asia Pacific and Frasers Property Vietnam (FPV), one of Vietnam’s leading diversified property developers, have signed a Memorandum of Understanding (MoU) to jointly develop and implement integrated smart energy solutions at FPV’s Binh Duong Industrial Park (BDIP). This partnership will help the industrial park accelerate the adoption of green energy solutions, enable energy savings and carbon emissions reduction for all tenants. In the initial phase, SP will design, invest, install, operate, and maintain integrated smart energy solutions for BDIP’s Industrial Service Centre (ISC). This includes the installation of solar photovoltaics for renewable energy, digital building solutions, electric vehicle charging, and smart energy optimisation and management systems. Subsequently, SP and FPV will collaborate on a feasibility study to implement a green micro-grid for BDIP that will accelerate the clean energy transition for the industrial park, facilitate access to renewable energy and will provide greater power reliability and resilience for tenants. The 837sqm ISC will cater to the business and social requirements of all BDIP tenants with shared facilities including meeting rooms, outdoor sport & recreational facilities, F&B options, and open green spaces. To regulate the ISC’s indoor environment balancing energy efficiency with users’ thermal comfort and wellbeing, SP will deploy its suite of smart building energy management solutions – Green Energy Tech (GETTM). A key innovative solution is GETTM Control, a self-learning building intelligence system that utilises artificial intelligence (A.I.) and Internet of Things (IoT) to optimise and regulate air-conditioning based on changes in occupancy and ambient weather conditions. Expected to potentially save up to 30 per cent on cooling energy and reduce carbon emissions by close to 18 per cent, the micro-climate control system utilises sensors and smart dampers to ensure cool air is sent to where it is needed. This enhances the well-being and thermal comfort for occupants while maximising energy and operational efficiency. Mr. Brandon Chia, Managing Director, Sustainability Energy Solutions, Southeast Asia and Australia, SP Group, said, "Our collaboration with Frasers Property Vietnam underscores our goal of empowering the sustainability ambitions of industrial parks and contributing to the net-zero targets of Vietnam. Through our bespoke and integrated system of smart and sustainable energy solutions, industrial parks can seamlessly harness renewable energy sources and transition to energy-efficient operations that will enhance cost savings, carbon emission reductions, and promote productivity." Leading the MoU signing ceremony on behalf of Frasers Property, Mr. Lim Hua Tiong, CEO of Frasers Property Vietnam, said: “As a multinational real estate developer, we take a long-term view for all our projects. We want to create buildings that are durable, adaptable, and resilient to the changing environment and needs of our customers. That is why we have applied our expertise in design and masterplanning to our first industrial showcase in Vietnam, Binh Duong Industrial Park. By partnering with SP, we are adopting industry-leading energy management practices to further improve the energy efficiency and sustainability credentials of our properties.” Also present at the signing ceremony was Frasers Property’s Group Head of Sustainability, Mr. Paolo Bevilacqua, who shared: “It is heartening to see the overall efforts we are making in adopting renewable energy sources for powering our properties, which is critical if we are to decarbonise to achieve our vision of sustainable real estate. This partnership between like-minded organisations demonstrates how our net-zero carbon goal can bring tangible benefits to tenants and customers with lower operational costs and a reduced carbon footprint.” Located in one of Vietnam’s key southern economic hubs in Binh Duong province, BDIP is FPV’s first industrial park development in Vietnam well served by National Route 13 and connected to major seaports and airports in the region. BDIP sits on more than 106 hectares of land, providing high quality industrial facilities built to international standards. The industrial park is amongst one of few developments in Vietnam to be LEED (Leadership in Energy and Environmental Design) Certified, which accredits for healthy, efficient, carbon and cost-saving green buildings. BDIP is appealing to sustainability-minded tenants, with Phase 1 now at over 90 per cent occupancy. The next development phase for BDIP is now open for pre-committed tenants in both ready-built and built-to-suit configurations. Realising sustainable real estate in Vietnam As a Group, Frasers Property is committed to be a net-zero carbon corporation by 2050, encompassing Scopes 1, 2 and 3 emissions. One of Frasers Property’s sustainability goals focuses on green-certifying its owned and asset-managed properties, which is also a business commitment of Frasers Property Vietnam to achieve green certification for all buildings in its portfolio. In late 2022, Frasers Property Vietnam became the first real estate company in Vietnam to be endorsed by the Science Based Targets initiative (SBTi). It received approval from SBTi for its detailed net-zero carbon roadmaps and carbon reduction targets that help reduce greenhouse gas (GHG) emissions. As part of its SBTi plans, the company intends to progressively install rooftop solar panels, allocate renewable energy for street lighting and introduce energy- and water-efficient building equipment renewable energy across its developments. Achieving a low-carbon future for Vietnam This partnership with FPV highlights SP’s commitment to help Vietnam’s energy-intensive sectors decarbonise, and to contribute towards Vietnam’s sustainability targets through the proliferation of various sustainability energy solutions. Earlier this year, SP acquired two solar farms of 100 Megawatts-peak (MWp) in Vietnam’s Phu Yen province. The acquisition builds SP’s capability and expertise to help customers achieve 100% clean energy consumption when the Direct Power Purchase Framework in Vietnam is in place. It also demonstrates SP’s long-term commitment to be a one-stop provider of sustainable energy services that enables commercial and industrial customers to achieve their net-zero ambitions.   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, Vietnam and Thailand. 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 spgrp.sg/facebook, LinkedIn at spgrp.sg/linkedin and Instagram at spgrp.sg/instagram. ABOUT FRASERS PROPERTY LIMITED Frasers Property Limited (“Frasers Property” and together with its subsidiaries, the “Frasers Property Group” or the “Group”), is a multinational investor-developer-manager of real estate products and services across the property value chain. Listed on the Main Board of the Singapore  Exchange Securities Trading Limited (“SGX-ST”) and headquartered in Singapore, the Group has total assets of approximately S$40.1 billion as at 31 March 2023. Frasers Property's multinational businesses operate across five asset classes, namely, residential, retail, commercial & business parks, industrial & logistics as well as hospitality. The Group has businesses in Southeast Asia, Australia, Europe and China, and its well-established hospitality business owns and/or operates serviced apartments and hotels in over 20 countries and more than 70 cities across Asia, Australia, Europe, the Middle East and Africa. Frasers Property is also the sponsor of two real estate investment trusts (“REITs”) and one stapled trust listed on the SGX-ST. Frasers Centrepoint Trust and Frasers Logistics & Commercial Trust are focused on retail, and industrial & commercial properties, respectively. Frasers Hospitality Trust (comprising Frasers Hospitality Real Estate Investment Trust and Frasers Hospitality Business Trust) is a stapled trust focused on hospitality properties. In addition, the Group has two REITs listed on the Stock Exchange of Thailand. Frasers Property (Thailand) Public Company Limited is the sponsor of Frasers Property Thailand Industrial Freehold & Leasehold REIT, which is focused on industrial & logistics properties in Thailand, and Golden Ventures Leasehold Real Estate Investment Trust, which is focused on commercial properties. In Vietnam, Frasers Property has a well-diversified portfolio across asset classes. Signature commercial developments include Melinh Point, a Grade A boutique office building in Ho Chi Minh City's District 1, and modern-styled serviced-office Worc@Q2. Its industrial business spans more than 180 hectares in the north and south of Vietnam, which will eventually develop close to a million square metres of international grade and green certified facilities. Its Fraser Hospitality business maintains an active presence with Fraser Suites Hanoi and Fraser Residence Hanoi. The Group is committed to inspiring experiences and creating places for good for its stakeholders. By acting progressively, producing and consuming responsibly, and focusing on its people, Frasers Property aspires to raise sustainability ideals across its value chain, and build a more resilient business. It is committed to be a net-zero carbon corporation by 2050. Building on its heritage as well as leveraging its knowledge and capabilities, the Group aims to create lasting shared value for its people, the businesses and communities it serves. Frasers Property believes in the diversity of its people and are invested in promoting a progressive, collaborative and respectful culture. For more information on Frasers Property, please visit frasersproperty.com or follow us on LinkedIn. Photo caption: From left, Mr. Nguyen Thanh Phat – SP Group’s Managing Director for Vietnam, Mr. Brandon Chia - SP Group’s Managing Director, Sustainable energy solutions (South-east Asia & Australia), Mr. Lim Hua Tiong - CEO of Frasers Property Vietnam, and Mr. Paolo Bevilacqua - Frasers Property’s Group Head of Sustainability at the MOU signing ceremony on 8 August 2023.

STMicroelectronics enhances sustainability with chiller cooling system at Toa Payoh SUSTAINABILITY SP Group's Chiller Cooling System at STMicroelectronics Toa Payoh SP and STMicroelectronics (ST) will be announcing today that SP has been appointed to upgrade ST’s cooling infrastructure at its Toa Payoh site. This serves as a critical hub for ST’s packaging R&D and wafer testing operations. This new tailored, integrated system with dual-temperature capability, has a cooling capacity of 3,200 refrigerant tons. It will save up to five Gigawatt-hours of energy annually, equivalent to powering over 1,100 four-room HDB households a year, and is expected to reduce carbon emissions by approximately 2,140 tons annually. Read more here. - 29 May 2025 TAGS DISTRICT COOLING YOU MIGHT BE INTERESTED TO READ SP Group expands sustainable energy operations in China with Chongqing Transport Hub project win SP signs PPA with BASF for rooftop solar deployment SP partners State Grid China at International Forum on Power System Transformation 2025

Media Release New Residential Demand Response Pilot to Empower Households to Reduce Electricity Consumption during Demand Peaks The Energy Market Authority (EMA) and SP Group (SP) will pilot a Residential Demand Response (R-DR) programme to empower households equipped with smart meters to actively reduce electricity consumption during demand peaks in the power system. Targeted to be launched by second half of 2024, this pilot is the first-of-its-kind in Singapore to call upon households to make a significant difference for a more resilient and sustainable energy future. With system peak demand forecasted to increase at a compound annual growth rate of up to 6.5% over the next five years, reducing electricity consumption temporarily during peak demand periods, otherwise known as Demand Response (DR), helps to keep the power system running smoothly and more efficiently by making use of demand-side resources in addition to supply-side (such as large conventional power plants) to balance electricity demand and supply.  For commercial and industrial companies, EMA has seen about a 1.5 times increase in demand-side resources, totaling to about 100MW since the launch of EMA’s regulatory sandbox[1]. With smart meters progressively being deployed to residential and non-residential consumers, more consumers will soon be able to contribute to DR, by using these smart meters to monitor their electricity consumption, making electricity management simpler and more rewarding. Consumers can keep track of their weekly carbon emissions and adjust their electricity consumption habits accordingly to help reduce emissions, thereby minimising their environmental impact. As of September 2023, SP has installed more than 834,000 smart electricity meters across residential and non-residential premises. The residential demand response pilot will use the SP mobile application (SP app) to send alerts to participating households to temporarily reduce or defer their electricity consumption. Households can take action by deferring the use of home appliances such as washing machines or dishwashers, or lower the temperature or even switch off air-conditioning. Participants will in turn enjoy benefits such as financial incentives. On the pilot for households, Mr Ngiam Shih Chun, Chief Executive of EMA, said: “The demand response pilot helps to involve households in lowering electricity demand during peak periods. This can help create a more sustainable and efficient energy ecosystem for everyone.” Mr Stanley Huang, Group Chief Executive Officer of SP Group, said: “Partnering EMA on this pilot, SP Group will empower consumers with digital solutions to be more energy efficient and reduce carbon emission. Enhanced features on our SP App will provide consumers with timely and useful information on their utilities usage and patterns. Insights from this data are aimed at nudging consumers to make adjustments easily to reduce their consumption." [1] In 2022, EMA launched a two-year regulatory sandbox for commercial and industrial companies to optimise their energy consumption. Participating companies will have to manage their electricity demand when activated and receive payments as an incentive for reducing their electrical demand on the national power grid. -- End -- About the Energy Market Authority The Energy Market Authority (EMA) is a statutory board under the Singapore Ministry of Trade and Industry. Through our work, we seek to build a clean energy future that is resilient, sustainable, and competitive. We aim to ensure a reliable and secure energy supply, promote effective competition in the energy market and develop a dynamic energy sector in Singapore. Visit www.ema.gov.sg for more information. 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, 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.

4 | The T OP STORIES SP Group acquires rooftop solar assets in China Business Times | Tuesday, April 11, 2023 By Natalie Chen HM nataliechen@sph.com.sg SP Group announced on Monday (Apr 10) that it has acquired up to 150 megawatts-peak (MWp) of rooftop photovoltaic (PV) assets from China’s Shanghai Unisun New Energy. In a press release, SP Group – an energy utilities group and sustainable energy solutions provider – said that the solar assets will generate more than 150 gigawatt-hours (GWh) of green electricity annually. This will help China avoid more than 88,000 tonnes in carbon emissions each year. The 150 MWp of rooftop PV assets are solar panels which convert light to electricity. The two companies have already completed the acquisition of the first 80 MWp of distributed PV projects for a total equity consideration of S$34 million. These assets are installed at over 50 industrial sites in Fujian, Jiangsu, Zhejiang, and Guangdong, covering the food and beverage, automobile and textiles industries. The transaction for the remaining 70 MWp is likely to be completed by the middle of this year. SP Group said the acquisition is in line with its strategy towards sustainable development and decarbonisation of the industrial sector, reducing energy consumption and carbon footprint of manufacturing facilities. “The acquisition is part of SP Group’s long-term commitment to support China’s clean energy expansion and strengthen our sustainable energy portfolio”, said Michael Zhong, SP Group China managing director. “We look forward to accelerating the green energy transition and sustainable development for industrial parks, districts, and townships across China through deeper partnerships and value-added innovations”. SP Group recently formed alliances with China Southern Network Financial Leasing, CGN International Financial Leasing and CIMC Capital, to jointly invest and develop sustainable energy projects in new energy development, energy storage systems and integrated energy managements. China has pledged to peak carbon emissions by 2030 and achieve carbon neutrality by 2060, as announced by President Xi Jinping in September 2020. According to a report by the International Energy Agency in September 2021, the pace of China’s emissions reductions will be an important factor in global efforts to limit global warming to 1.5 deg C.

Media Release SP Group Partners Sino-Singapore Guangzhou Knowledge City to Develop Energy-Saving Solutions Singapore & China, 31 August 2020 – SP Group (SP) today signed an agreement with the SinoSingapore Guangzhou Knowledge City Investment and Development Co. Ltd (GKC Co) to establish a joint venture (SP-GKC JV Co) to develop district cooling, heating and integrated energy solutions that will help the China-Singapore Guangzhou Knowledge City (CSGKC) to achieve energy savings. The joint venture agreement was signed by SP’s Group Chief Executive Officer Mr Stanley Huang and GKC Co’s Chief Executive Officer Mr Chen Changxin at the 11th Singapore-Guangdong Collaboration Council (SGCC) meeting. The meeting, held over video conference in Guangzhou and Singapore, was co-chaired by Guangdong Governor Mr Ma Xingrui and Singapore’s Transport Minister Mr Ong Ye Kung. As part of the agreement, SP and GKC Co are working together to develop district cooling and heating solutions for the Knowledge Tower at the Jiulong Lake area in GKC. Leveraging the technology and SP’s experience in the energy industry, both parties will also focus on integrating sustainable energy solutions such as distributed energy, energy storage, energy efficiency and energy management systems. In the next phase of development, these solutions could be extended to other projects in the SinoSingapore International Technology Innovation Cooperation Demonstration Area within CSGKC, to enable more customers to enjoy substantial energy and cost savings. This will translate to a cleaner and more sustainable energy future for CSGKC and Guangzhou city. Mr Stanley Huang, Group Chief Executive Officer of SP Group said: “Our technology and operations at Raffles City Chongqing and Singapore’s Marina Bay have helped customers achieve cost savings and reduce energy consumption by 40 per cent. Through this partnership with CSGKC, SP Group looks forward to supporting China’s goal to build an ecological civilisation and Beautiful China1 , with our smart and sustainable energy solutions. Together, we aim to enable customers in China to enjoy a sustainable, low-carbon future.” Mr. Chen Changxin, CEO of GKC Co said: "As an important platform for China-Singapore collaboration, GKC Co has started the exchanges and cooperation with SP Group since the ground-breaking of GKC. This year marks the 30th anniversary of China-Singapore diplomacy and the 10th anniversary of GKC, it is a milestone for us to jointly establish a joint venture to develop the smart energy business. Based on the principle of “government-supported, enterprise-led, market-driven” and with the Knowledge Tower project at the Jiulong Lake as a start, we will implement investment, construction and operation of district cooling and heating solutions centred on the smart micro-grids layout, promote the development of smart energy businesses in GKC and gradually extend to GBA, so as to achieve synergistic improvement of commercial value, corporate benefits and social effects, and jointly create another successful model of ChinaSingapore collaboration." Raffles City Chongqing, where SP Group operates its advanced energy-efficient cooling and heating system, commenced operations in September 2019. SP’s cooling operations enabled Raffles City Chongqing to reduce energy consumption by more than 40 per cent savings, compared to conventional building chiller plants. SP designed and operates the world’s largest underground district cooling system at Singapore’s Marina Bay Financial district. Besides achieving substantial energy efficiency, the Marina Bay district cooling network achieved 100% reliability for 13 consecutive years, since it commenced operations in 2006. -Ends- 新加坡能源集团携手中新广州知识城实现节能解决方案 （新加坡、中国，2020 年 8 月 31 日）新加坡能源集团（SP Group）今天宣布与中新广州 知识城投资开发有限公司（简称“知识城合资公司”）签署合作协议，双方成立合资企业 开发区域供冷供热及综合能源解决方案，帮助中新广州知识城（简称“知识城”）实现节 能减排目标。 新加坡能源集团总裁黄天源和知识城合资公司总裁陈长新在新加坡-广东合作理事会（简 称“新粤合作理事会”）第十一次会议上签署了该合资协议。广东省省长马兴瑞先生和新 加坡交通部长王乙康先生分别在广州和新加坡主持了此次线上视频会议。 按照协议，新加坡能源集团与知识城合资公司将共同开发知识城九龙湖“知识塔”片区的 区域供冷供热解决方案。同时，借助新能源集团在能源领域的经验和技术，双方还将关注 一体化能源解决方案，如分布式能源、储能、能效管理及整合能源管理系统等方面。下一 阶段，这些技术将拓展到广州知识城“中新国际科技创新合作示范区”的其他项目中，使 更多客户受益于能耗和成本的大幅下降。这也将为知识城和广州市更清洁、可持续的能源 事业发展助力。 新加坡能源集团总裁黄天源先生说：“我们创新的技术和营运为重庆来福士和新加坡滨海 湾的客户节约了百分之四十的能耗。新加坡能源集团希望能够通过这次中新广州知识城的 合作，用我们的智慧可持续能源解决方案，继续支持中国的生态文明和‘美丽中国’2建 设，实现低碳和可持续发展的未来。” 知识城合资公司总裁陈长新说：“这个合资企业的建立正值中新建交 30 周年和广州知识 城成立 10 周年，对于知识城智慧能源产业发展来说有着里程碑式的意义。我们将坚持 ‘政府引导、企业先行、市场化运作’的原则，以九龙湖知识塔项目为起点，围绕智能微 网布局实施区域制冷和供热解决方案的投资、建设和运营。”陈长新表示，双方还将持续 提升知识城智慧能源产业发展水平，并将成功经验推广至粤港澳大湾区，从而实现商业价 值、企业效益和社会效应的协同提高，共同打造中新合作的又一成功典范。 新加坡能源集团在新加坡滨海湾金融区设计打造了世界上最大的地下区域供冷系统。该系 统自 2006 年投入运营以来已连续十三年实现 100%的可靠性。2019 年 9 月正式营业的重庆 来福士广场也采用了新能源集团的尖端高效节能供冷供热系统，实现了高达40%以上的节 能效果。新加坡能源集团将以中新广州知识城合作项目为契机，为中国持续带来高效节能 的解决方案，助力“美丽中国”建设。 -完-

News Release Bringing Distributed District Cooling to Our Town Centres - A Cool Solution for a Greener SIngapore Feasibility study at Tampines Central demonstrates 17 percent savings in electricity consumption, 18 percent reduction in carbon emissions, and monetary benefits for existing buildings while providing cool comfort Letter of Intent signed with existing building owners – CapitaLand, Frasers Property, OCBC Bank, People’s Association and UOB, bringing Tampines one step closer to its Eco Town ambitions Singapore, 19 August 2021 – An interconnected, centralised cooling system across Tampines Central could achieve energy savings and reductions in carbon emissions to support Tampines’ green ambitions to transform into an Eco Town by 2025, according to a white paper study on the feasibility of brownfield distributed district cooling. The study, by Temasek and SP Group (SP), was supported by the Tampines Group Representation Constituency (GRC) and the Ministry of Sustainability and the Environment (MSE). Fourteen existing buildings within the Tampines Central Area were involved in the study, representing a range of various uses, including retail malls, commercial and public offices, data centres, and a community sports hub. According to findings outlined in the white paper, consolidating the cooling loads of the 14 buildings under a distributed district cooling (DDC) network would result in: 17% lower energy consumption – enough to power 1,665 three-room HDB households for a year; An 18% reduction in carbon emissions, from both energy savings and refrigerant reduction – equivalent to removing 2,250 cars from roads annually; and S$4.3 million annually from energy savings, reduction in equipment replacement and maintenance costs and potential earnings from freeing up chiller plant space, which can be converted into retail or office space. In a signing ceremony 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, at Our Tampines Hub earlier this afternoon, property owners CapitaLand, Frasers Property, OCBC Bank, People’s Association and UOB have each signed a Letter of Intent (LOI) with SP to affirm their interest in subscribing to this sustainable cooling solution. These building owners were part of the white paper study and are the existing owners of Tampines Mall, Telepark, Century Square, Tampines 1, OCBC Tampines Centre Two, Our Tampines Hub and UOB Tampines Centre respectively. The commitment of these building owners brings the DDC network one step closer to materialisation in Tampines. 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: “Sustainable towns and districts are essential for Singapore to meet our sustainability goals under the Singapore Green Plan 2030. The results from the feasibility study at Tampines Central look promising. I am hopeful that the adoption of this green cooling solution will bring Tampines closer to our ambition to be an Eco Town by 2025 and pave the way for district cooling to be explored across other towns and built-up areas.” “A more efficient way to cool buildings would cut down on energy, carbon and cut costs. Temasek is delighted to partner SP Group to study the feasibility of a novel distributed district cooling concept for brownfield developments which could provide cities worldwide with a proof-of-concept for a more sustainable way to cool buildings,” said Dr Steve Howard, Chief Sustainability Officer, Temasek. SP’s Group Chief Executive Officer, Mr Stanley Huang, said, “In Singapore’s highly urbanised landscape, it is necessary to innovate and deploy sustainable solutions to existing infrastructure. This white paper illustrates the potential of district cooling as a core solution to empower existing townships to go green, demonstrating its potential to support Tampines’ Eco Town ambitions. Tampines residents can enjoy the same sustainable and reliable cooling comfort, similar to our district cooling solution at Marina Bay. Through a  widespread adoption of distributed district cooling, building owners of mature developments can reap significant energy savings and contribute to our national decarbonisation efforts, without any compromise in the comfort for users.” Ms Amy Hing, 1 Deputy Secretary, MSE, said: “This study explores an innovative district cooling solution in a brownfield site that can potentially enhance energy efficiency and lower the carbon footprint. We hope that the insights gained from the study will encourage more ideas and collaboration on innovative district-level solutions that contribute to the Singapore Green Plan 2030.” The hot issue of keeping cool In Singapore’s tropical climate, air conditioning is widely used to provide cool comfort. However, air conditioners consume a lot of electricity, which itself can be up to 50 per cent of a building’s total consumption. Air conditioners also contain hydrofluorocarbons (HFCs) that trap heat – making them potent greenhouse gases. In addition, the usage of air conditioners tends to lead to warmer temperatures outside due to the exchange and release of heat into the environment. There is an urgent need to find a cleaner and more sustainable way to cool our living environment. District Cooling One cooling solution that has gained traction is district cooling. This involves centralising cooling plants that distribute chilled water to various buildings through an underground network of insulated pipes to provide air conditioning. Through economies of scale, district cooling consumes less energy for the same amount of cooling and reduces carbon emissions. As the individual buildings do not need to invest in their own chillers and maintain them, this approach enhances reliability and frees up space that would be needed if the building installed its own chillers. Building owners also save on maintenance costs by tapping on the district cooling network. SP designed and built the world’s largest underground district cooling network at Marina Bay, which has been in operation with zero supply interruption since 2006. However, the  design and integration of this solution was conceptualised when Marina Bay was in a greenfield state. The concept of district cooling can be applied in a brownfield, or existing urban setting, where existing buildings already have their own chiller plant systems. This is where the DDC network comes in. In Singapore, where majority of land is already built upon and developed, connecting existing buildings on to a brownfield DDC network can be a game changer, supporting Singapore’s Green Plan 2030 to address climate change and promote sustainable living. The white paper by Temasek and SP Group titled “Taking The Heat Off Cooling: A Greener Way To Cool” can be downloaded at www.ecosperity.sg/en/ideas/taking-the- heat-off-cooling-a-greener-way-to-cool.html   -Ends-   Quotes from Property Owners Quote from CapitaLand “As part of the CapitaLand Group, one of the most sustainable corporations in the world, CICT is firmly committed to embedding sustainability in our business strategy and the daily operations of our portfolio, which is 100% green-rated. To continue advancing in our sustainability journey under CapitaLand’s 2030 Sustainability Master Plan, we believe in supporting innovation and collaborating with like-minded partners. We are therefore pleased to take part in the distributed district cooling (DDC) network feasibility study in Tampines Central, where Tampines Mall is located. To date, the results of the study have been encouraging, and we expect to see some reduction in the energy consumption for Tampines Mall going forward. We welcome and look forward to more of such collaborative efforts that benefit the communities served by CICT’s properties and support Singapore’s overall climate resilience.” Mr Tony Tan, Chief Executive Officer, CapitaLand Integrated Commercial Trust (CICT) Management Limited Quote from Frasers Property “We are pleased to be a part of this initiative to adopt a cleaner and greener cooling solution across our properties in Tampines, which aligns with Frasers Property’s corporate goal to be a net-zero carbon corporation by 2050. This opportunity to play an instrumental role in building a distributed district cooling network in the township reaffirms our commitment to tackling urgent sustainability challenges and creating places for good. As we continue to develop innovative solutions to tackle climate change, we look forward to working alongside our partners to enable a more energy-efficient and resilient ecosystem for the communities we operate in.” Mr Low Chee Wah, Chief Executive Officer, Frasers Property Retail Quote from OCBC Bank “It is exciting to see such an eco-system being created by like-minded organisations in an unified push for sustainability in Singapore. Climate action cannot be achieved by any single party; it has to be a collective one to truly make an impact. OCBC is therefore very pleased to participate in the study and initiative. We take this collective approach for all our OCBC-owned buildings too. Not only do we adopt best practices in the use of energy, water and waste management, we also do our part to nudge our suppliers, customers, tenants and other stakeholders to adopt more environmentally-friendly practices. It is also our goal to get all our buildings and branches to achieve the BCA Green Mark Award by 2030. So far, nine have received the Mark.” Ms Helen Wong, Group Chief Executive Officer, OCBC Bank Quote from UOB “At UOB, we are mindful of the environmental impact of our buildings and operations and target to have all our wholly-owned buildings certified green by 2030. To this end, we continue to make improvements in our buildings in areas such as energy efficiency and resource conservation. This is why we are pleased to work with Temasek, SP Group and other building owners to make Tampines an Eco Town in this pioneering brownfield initiative for an interconnected and sustainable cooling system. We believe the collective efforts to make the brownfield built environment more sustainable will have a multiplier effect as we strive to be more efficient in managing our environmental impact. Together, we can help to forge a sustainable future for all.” Mr Wee Ee Cheong, Deputy Chairman and Chief Executive Officer, UOB Quote from People’s Association “Our Tampines Hub, led by People’s Association (PA) is happy to support this green initiative in enabling Tampines to be an Eco Town by 2025. Serving as a platform that connects and engages with the community, we will be able to create better awareness and nurture an appreciation for more energy efficient solutions among our residents. We look forward to partnering SP Group, Temasek and our neighbouring building owners to bring this initiative to fruition; and to further outreach efforts in our sustainability plan.” 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 and China. 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.