Search Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/not-leaving-gas-safety-to-chance SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Not Leaving Gas Safety to Chance RELIABILITY SP’s gas safety ambassadors: (from left) Technician Roslee bin Mohamed Moksin, Engineer Lydia Koh and Technical Officer Muhammad Rezduan bin Abdullah. Gas Engineer Lydia Koh, 24, had just completed a lesson on energy-saving and gas safety practices. Sixty young beneficiaries from the Ang Mo Kio Family Service Centre waited eagerly for Lydia to reveal the answer to the specially designed quizzes. When she did, the room erupted in cheers, as the children rushed to make their next move on a giant snakes and ladders gameboard that Lydia designed and produced. This was one of the many regular activities organised by SP Heart Workers – the staff volunteers of SP Group. Heart Worker Lydia reaches out to communities in need by organising a sustained line-up of activities throughout the year. “We kept the game interactive, with short but impactful dos and don’ts. These children can be Powersavers and safety ambassadors among their families and friends,” Lydia said with a smile. To Lydia, who heads the Leak Survey unit at SP’s Gas Operations team, spreading gas safety practices is a top priority. She champions gas safety awareness as a member of SP’s gas safety taskforce and the SP Heart Workers. Lydia’s team of 11 inspects gas pipelines all around Singapore, on foot and in specially designed leak-detection vehicles. They cover over 400km a month. Lydia and her team member checking for gas leaks along the pipelines Driven by her desire to make a difference, Lydia is on a constant hunt for ways to uplift the job of her team to achieve greater precision and efficiency. She developed ATLAS, a combination of three apps and data visualisation tools, which enables her team to digitally file close to 3,500 reports annually from any work location. The platform which was launched in September 2019 generates monthly reports instantly, saving time required for travel and report routing. ATLAS is estimated to save 2,100 manhours per year, equivalent to over S$65,000 in cost savings. Public education continues to be a focus for Lydia, an engineer under SP’s Engineering Development for GraduatEs (EDGE) Programme. The programme enables her to gain exposure through stints in various business units over a five-year period. SP team inspecting the internal pipes of homes and sharing gas safety tips with residents. “I’ve heard about older people who try to find the source of a gas leak with a lighter, which is extremely dangerous.” “Home owners may feel we’re being overly careful, but the implications for their family members, neighbours, even their pets could be severe. Gas safety must never be left to guesswork,” cautioned Lydia. — 2 January 2020 TAGS PEOPLE OF SPRELIABILITY YOU MIGHT BE INTERESTED TO READ Engineer, 27, shares how she is undaunted by male-dominated energy industry & climbs the ranks Lighting the way: Following in his father’s footsteps to keep S’pore’s power grid running 24/7 How this technical officer and robot SPock hunt hazards to protect Singapore’s power tunnels Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/young-animators-draw-up-gas-safety-tips SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Young Animators Draw up Gas Safety Tips RELIABILITY Working closely with NYP students were SP Group’s gas safety committee and corporate affairs department. The team comprised (first row, from left) SP’s Engineer Lydia Koh, SP’s Senior Engineer Nur Hafiza binte Mohd Zulkifli, NYP’s Lim Shu Ming, NYP’s Koh Chiau Wen, SP’s Head of Corporate Affairs, Amelia Champion, NYP’s Andrea Low, (second row, from left) NYP’s Quek Yu Jie, SP’s Senior Engineer Lo Ai Jin, NYP’s project supervisor Bhakta Srini, SP’s Senior Engineer Roseanne Chan, and SP’s Deputy Director, Corporate Affairs, Jeanie Lee. When Nanyang Polytechnic student Quek Yu Jie was 10, he came home to a strange smell and a hissing sound. He witnessed his mother’s quick reaction: she turned off a gas ring that had been left on, and opened all windows in the flat. “My mother knew we needed to let the gas out quickly. But I don’t think we knew we had to shut the main gas valve and leave all other appliances untouched,” Yu Jie, now 25 and a Nanyang Polytechnic final year student, recalled. Yu Jie and three other animation coursemates from NYP’s School of Interactive & Digital Media learnt this when they created a series of gas safety videos for SP Group as part of their Final Year Project. The biggest learning for them was that, using a mobile phone during a gas leak can spark a fire due to the microwaves emitted from phones, said Yu Jie, who led the video’s post-production. Statistics have shown that 42.5 per cent of the gas leaks attended to in the second half of 2018 were due to the misuse of gas appliances.  The videos are part of a gas safety campaign that is rolled out in September this year. NYP students engaged with the SP team to come up with a compelling public education campaign The team used animation to highlight key safety tips: how to detect a leak, ways to prevent gas-related incidents, and the importance of engaging a Licensed Gas Service Worker to install gas appliances. Team-mates Koh Chiau Wen and Lim Shu Ming, both 19, took the lead in developing key characters, while Andrea Low, 20, focused on creating the backdrop. The students worked closely with SP to decide on the best ways to drive home the key messages to a broad audience. “We want to raise the level of gas safety awareness as many people overlook the correct and safe use of gas appliances and accessories,” said Nur Hafiza binte Mohd Zulkifli, Senior Engineer, Gas Operations, from SP’s gas safety committee, a workgroup on gas safety education. Final Year Projects usually take about 480 hours, but project supervisor Bhakta Srini said that for this one, each put in up to 30 hours more, including over weekends and after school, to perfect the videos and capture the realism of human characters. “One second of a film is 24 frames and requires 12 drawings.  We created over 1,500 drawings in total,” explained Chiau Wen, who led the project team. But the students all agreed that it was worth it, since the videos get the message across using everyday scenarios. NYP students had to acquire gas safety knowledge from the SP Engineers and figure out how best to communicate this. Head of Corporate Affairs, Amelia Champion said the collaboration with the polytechnic helped to bring across SP’s gas safety advice through the lens of the students. “Anyone can potentially help detect or prevent a leak or be an advocate for safe practices. This series aims to make our safety messages easily understood and shared with others.” — 24 September 2019 TAGS RELIABILITYGAS SAFETY YOU MIGHT BE INTERESTED TO READ Engineer, 27, shares how she is undaunted by male-dominated energy industry & climbs the ranks Lighting the way: Following in his father’s footsteps to keep S’pore’s power grid running 24/7 How this technical officer and robot SPock hunt hazards to protect Singapore’s power tunnels Category: Reliability Safety Performance Criteria Policy.pdfhttps://www.spgroup.com.sg/dam/jcr:357660c9-748b-4390-a5fe-4d1ffa7016a4/Safety%20Performance%20Criteria%20Policy.pdf SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. With effect from 1 April 2023, this criteria is extended to subcontractors with LTI. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. safety-performance-criteria-policy.pdfhttps://www.spgroup.com.sg/dam/spgroup/pdf/about-us/procurement/safety-performance-criteria-policy.pdf SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. With effect from 1 April 2023, this criteria is extended to subcontractors with LTI. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. SAFETY+PERFORMANCE+CRITERIA+POLICY.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/15cefbf0-572f-4ad6-9edc-9bc7b54a56f3/SAFETY+PERFORMANCE+CRITERIA+POLICY.pdf?MOD=AJPERES SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. Searchhttps://www.spgroup.com.sg/search?tag=gas-safety Search Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/not-leaving-gas-safety-to-chance SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Not Leaving Gas Safety to Chance RELIABILITY SP’s gas safety ambassadors: (from left) Technician Roslee bin Mohamed Moksin, Engineer Lydia Koh and Technical Officer Muhammad Rezduan bin Abdullah. Gas Engineer Lydia Koh, 24, had just completed a lesson on energy-saving and gas safety practices. Sixty young beneficiaries from the Ang Mo Kio Family Service Centre waited eagerly for Lydia to reveal the answer to the specially designed quizzes. When she did, the room erupted in cheers, as the children rushed to make their next move on a giant snakes and ladders gameboard that Lydia designed and produced. This was one of the many regular activities organised by SP Heart Workers – the staff volunteers of SP Group. Heart Worker Lydia reaches out to communities in need by organising a sustained line-up of activities throughout the year. “We kept the game interactive, with short but impactful dos and don’ts. These children can be Powersavers and safety ambassadors among their families and friends,” Lydia said with a smile. To Lydia, who heads the Leak Survey unit at SP’s Gas Operations team, spreading gas safety practices is a top priority. She champions gas safety awareness as a member of SP’s gas safety taskforce and the SP Heart Workers. Lydia’s team of 11 inspects gas pipelines all around Singapore, on foot and in specially designed leak-detection vehicles. They cover over 400km a month. Lydia and her team member checking for gas leaks along the pipelines Driven by her desire to make a difference, Lydia is on a constant hunt for ways to uplift the job of her team to achieve greater precision and efficiency. She developed ATLAS, a combination of three apps and data visualisation tools, which enables her team to digitally file close to 3,500 reports annually from any work location. The platform which was launched in September 2019 generates monthly reports instantly, saving time required for travel and report routing. ATLAS is estimated to save 2,100 manhours per year, equivalent to over S$65,000 in cost savings. Public education continues to be a focus for Lydia, an engineer under SP’s Engineering Development for GraduatEs (EDGE) Programme. The programme enables her to gain exposure through stints in various business units over a five-year period. SP team inspecting the internal pipes of homes and sharing gas safety tips with residents. “I’ve heard about older people who try to find the source of a gas leak with a lighter, which is extremely dangerous.” “Home owners may feel we’re being overly careful, but the implications for their family members, neighbours, even their pets could be severe. Gas safety must never be left to guesswork,” cautioned Lydia. — 2 January 2020 TAGS PEOPLE OF SPRELIABILITY YOU MIGHT BE INTERESTED TO READ Engineer, 27, shares how she is undaunted by male-dominated energy industry & climbs the ranks Lighting the way: Following in his father’s footsteps to keep S’pore’s power grid running 24/7 How this technical officer and robot SPock hunt hazards to protect Singapore’s power tunnels Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/young-animators-draw-up-gas-safety-tips SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Young Animators Draw up Gas Safety Tips RELIABILITY Working closely with NYP students were SP Group’s gas safety committee and corporate affairs department. The team comprised (first row, from left) SP’s Engineer Lydia Koh, SP’s Senior Engineer Nur Hafiza binte Mohd Zulkifli, NYP’s Lim Shu Ming, NYP’s Koh Chiau Wen, SP’s Head of Corporate Affairs, Amelia Champion, NYP’s Andrea Low, (second row, from left) NYP’s Quek Yu Jie, SP’s Senior Engineer Lo Ai Jin, NYP’s project supervisor Bhakta Srini, SP’s Senior Engineer Roseanne Chan, and SP’s Deputy Director, Corporate Affairs, Jeanie Lee. When Nanyang Polytechnic student Quek Yu Jie was 10, he came home to a strange smell and a hissing sound. He witnessed his mother’s quick reaction: she turned off a gas ring that had been left on, and opened all windows in the flat. “My mother knew we needed to let the gas out quickly. But I don’t think we knew we had to shut the main gas valve and leave all other appliances untouched,” Yu Jie, now 25 and a Nanyang Polytechnic final year student, recalled. Yu Jie and three other animation coursemates from NYP’s School of Interactive & Digital Media learnt this when they created a series of gas safety videos for SP Group as part of their Final Year Project. The biggest learning for them was that, using a mobile phone during a gas leak can spark a fire due to the microwaves emitted from phones, said Yu Jie, who led the video’s post-production. Statistics have shown that 42.5 per cent of the gas leaks attended to in the second half of 2018 were due to the misuse of gas appliances.  The videos are part of a gas safety campaign that is rolled out in September this year. NYP students engaged with the SP team to come up with a compelling public education campaign The team used animation to highlight key safety tips: how to detect a leak, ways to prevent gas-related incidents, and the importance of engaging a Licensed Gas Service Worker to install gas appliances. Team-mates Koh Chiau Wen and Lim Shu Ming, both 19, took the lead in developing key characters, while Andrea Low, 20, focused on creating the backdrop. The students worked closely with SP to decide on the best ways to drive home the key messages to a broad audience. “We want to raise the level of gas safety awareness as many people overlook the correct and safe use of gas appliances and accessories,” said Nur Hafiza binte Mohd Zulkifli, Senior Engineer, Gas Operations, from SP’s gas safety committee, a workgroup on gas safety education. Final Year Projects usually take about 480 hours, but project supervisor Bhakta Srini said that for this one, each put in up to 30 hours more, including over weekends and after school, to perfect the videos and capture the realism of human characters. “One second of a film is 24 frames and requires 12 drawings.  We created over 1,500 drawings in total,” explained Chiau Wen, who led the project team. But the students all agreed that it was worth it, since the videos get the message across using everyday scenarios. NYP students had to acquire gas safety knowledge from the SP Engineers and figure out how best to communicate this. Head of Corporate Affairs, Amelia Champion said the collaboration with the polytechnic helped to bring across SP’s gas safety advice through the lens of the students. “Anyone can potentially help detect or prevent a leak or be an advocate for safe practices. This series aims to make our safety messages easily understood and shared with others.” — 24 September 2019 TAGS RELIABILITYGAS SAFETY YOU MIGHT BE INTERESTED TO READ Engineer, 27, shares how she is undaunted by male-dominated energy industry & climbs the ranks Lighting the way: Following in his father’s footsteps to keep S’pore’s power grid running 24/7 How this technical officer and robot SPock hunt hazards to protect Singapore’s power tunnels Category: Reliability SAFETY+PERFORMANCE+CRITERIA+POLICY.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/15cefbf0-572f-4ad6-9edc-9bc7b54a56f3/SAFETY+PERFORMANCE+CRITERIA+POLICY.pdf?MOD=AJPERES SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. safety-performance-criteria-policy.pdfhttps://www.spgroup.com.sg/dam/spgroup/pdf/about-us/procurement/safety-performance-criteria-policy.pdf SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. With effect from 1 April 2023, this criteria is extended to subcontractors with LTI. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. Safety Performance Criteria Policy.pdfhttps://www.spgroup.com.sg/dam/jcr:357660c9-748b-4390-a5fe-4d1ffa7016a4/Safety%20Performance%20Criteria%20Policy.pdf SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. With effect from 1 April 2023, this criteria is extended to subcontractors with LTI. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. Searchhttps://www.spgroup.com.sg/search?tag=gas-safety Search Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/not-leaving-gas-safety-to-chance SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Not Leaving Gas Safety to Chance RELIABILITY SP’s gas safety ambassadors: (from left) Technician Roslee bin Mohamed Moksin, Engineer Lydia Koh and Technical Officer Muhammad Rezduan bin Abdullah. Gas Engineer Lydia Koh, 24, had just completed a lesson on energy-saving and gas safety practices. Sixty young beneficiaries from the Ang Mo Kio Family Service Centre waited eagerly for Lydia to reveal the answer to the specially designed quizzes. When she did, the room erupted in cheers, as the children rushed to make their next move on a giant snakes and ladders gameboard that Lydia designed and produced. This was one of the many regular activities organised by SP Heart Workers – the staff volunteers of SP Group. Heart Worker Lydia reaches out to communities in need by organising a sustained line-up of activities throughout the year. “We kept the game interactive, with short but impactful dos and don’ts. These children can be Powersavers and safety ambassadors among their families and friends,” Lydia said with a smile. To Lydia, who heads the Leak Survey unit at SP’s Gas Operations team, spreading gas safety practices is a top priority. She champions gas safety awareness as a member of SP’s gas safety taskforce and the SP Heart Workers. Lydia’s team of 11 inspects gas pipelines all around Singapore, on foot and in specially designed leak-detection vehicles. They cover over 400km a month. Lydia and her team member checking for gas leaks along the pipelines Driven by her desire to make a difference, Lydia is on a constant hunt for ways to uplift the job of her team to achieve greater precision and efficiency. She developed ATLAS, a combination of three apps and data visualisation tools, which enables her team to digitally file close to 3,500 reports annually from any work location. The platform which was launched in September 2019 generates monthly reports instantly, saving time required for travel and report routing. ATLAS is estimated to save 2,100 manhours per year, equivalent to over S$65,000 in cost savings. Public education continues to be a focus for Lydia, an engineer under SP’s Engineering Development for GraduatEs (EDGE) Programme. The programme enables her to gain exposure through stints in various business units over a five-year period. SP team inspecting the internal pipes of homes and sharing gas safety tips with residents. “I’ve heard about older people who try to find the source of a gas leak with a lighter, which is extremely dangerous.” “Home owners may feel we’re being overly careful, but the implications for their family members, neighbours, even their pets could be severe. Gas safety must never be left to guesswork,” cautioned Lydia. — 2 January 2020 TAGS PEOPLE OF SPRELIABILITY YOU MIGHT BE INTERESTED TO READ Engineer, 27, shares how she is undaunted by male-dominated energy industry & climbs the ranks Lighting the way: Following in his father’s footsteps to keep S’pore’s power grid running 24/7 How this technical officer and robot SPock hunt hazards to protect Singapore’s power tunnels Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/young-animators-draw-up-gas-safety-tips SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Young Animators Draw up Gas Safety Tips RELIABILITY Working closely with NYP students were SP Group’s gas safety committee and corporate affairs department. The team comprised (first row, from left) SP’s Engineer Lydia Koh, SP’s Senior Engineer Nur Hafiza binte Mohd Zulkifli, NYP’s Lim Shu Ming, NYP’s Koh Chiau Wen, SP’s Head of Corporate Affairs, Amelia Champion, NYP’s Andrea Low, (second row, from left) NYP’s Quek Yu Jie, SP’s Senior Engineer Lo Ai Jin, NYP’s project supervisor Bhakta Srini, SP’s Senior Engineer Roseanne Chan, and SP’s Deputy Director, Corporate Affairs, Jeanie Lee. When Nanyang Polytechnic student Quek Yu Jie was 10, he came home to a strange smell and a hissing sound. He witnessed his mother’s quick reaction: she turned off a gas ring that had been left on, and opened all windows in the flat. “My mother knew we needed to let the gas out quickly. But I don’t think we knew we had to shut the main gas valve and leave all other appliances untouched,” Yu Jie, now 25 and a Nanyang Polytechnic final year student, recalled. Yu Jie and three other animation coursemates from NYP’s School of Interactive & Digital Media learnt this when they created a series of gas safety videos for SP Group as part of their Final Year Project. The biggest learning for them was that, using a mobile phone during a gas leak can spark a fire due to the microwaves emitted from phones, said Yu Jie, who led the video’s post-production. Statistics have shown that 42.5 per cent of the gas leaks attended to in the second half of 2018 were due to the misuse of gas appliances.  The videos are part of a gas safety campaign that is rolled out in September this year. NYP students engaged with the SP team to come up with a compelling public education campaign The team used animation to highlight key safety tips: how to detect a leak, ways to prevent gas-related incidents, and the importance of engaging a Licensed Gas Service Worker to install gas appliances. Team-mates Koh Chiau Wen and Lim Shu Ming, both 19, took the lead in developing key characters, while Andrea Low, 20, focused on creating the backdrop. The students worked closely with SP to decide on the best ways to drive home the key messages to a broad audience. “We want to raise the level of gas safety awareness as many people overlook the correct and safe use of gas appliances and accessories,” said Nur Hafiza binte Mohd Zulkifli, Senior Engineer, Gas Operations, from SP’s gas safety committee, a workgroup on gas safety education. Final Year Projects usually take about 480 hours, but project supervisor Bhakta Srini said that for this one, each put in up to 30 hours more, including over weekends and after school, to perfect the videos and capture the realism of human characters. “One second of a film is 24 frames and requires 12 drawings.  We created over 1,500 drawings in total,” explained Chiau Wen, who led the project team. But the students all agreed that it was worth it, since the videos get the message across using everyday scenarios. NYP students had to acquire gas safety knowledge from the SP Engineers and figure out how best to communicate this. Head of Corporate Affairs, Amelia Champion said the collaboration with the polytechnic helped to bring across SP’s gas safety advice through the lens of the students. “Anyone can potentially help detect or prevent a leak or be an advocate for safe practices. This series aims to make our safety messages easily understood and shared with others.” — 24 September 2019 TAGS RELIABILITYGAS SAFETY YOU MIGHT BE INTERESTED TO READ Engineer, 27, shares how she is undaunted by male-dominated energy industry & climbs the ranks Lighting the way: Following in his father’s footsteps to keep S’pore’s power grid running 24/7 How this technical officer and robot SPock hunt hazards to protect Singapore’s power tunnels Category: Reliability Safety Performance Criteria Policy.pdfhttps://www.spgroup.com.sg/dam/jcr:357660c9-748b-4390-a5fe-4d1ffa7016a4/Safety%20Performance%20Criteria%20Policy.pdf SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. With effect from 1 April 2023, this criteria is extended to subcontractors with LTI. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. SAFETY+PERFORMANCE+CRITERIA+POLICY.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/15cefbf0-572f-4ad6-9edc-9bc7b54a56f3/SAFETY+PERFORMANCE+CRITERIA+POLICY.pdf?MOD=AJPERES SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. safety-performance-criteria-policy.pdfhttps://www.spgroup.com.sg/dam/spgroup/pdf/about-us/procurement/safety-performance-criteria-policy.pdf SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. With effect from 1 April 2023, this criteria is extended to subcontractors with LTI. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. Searchhttps://www.spgroup.com.sg/search?tag=gas-safety Search Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/not-leaving-gas-safety-to-chance SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Not Leaving Gas Safety to Chance RELIABILITY SP’s gas safety ambassadors: (from left) Technician Roslee bin Mohamed Moksin, Engineer Lydia Koh and Technical Officer Muhammad Rezduan bin Abdullah. Gas Engineer Lydia Koh, 24, had just completed a lesson on energy-saving and gas safety practices. Sixty young beneficiaries from the Ang Mo Kio Family Service Centre waited eagerly for Lydia to reveal the answer to the specially designed quizzes. When she did, the room erupted in cheers, as the children rushed to make their next move on a giant snakes and ladders gameboard that Lydia designed and produced. This was one of the many regular activities organised by SP Heart Workers – the staff volunteers of SP Group. Heart Worker Lydia reaches out to communities in need by organising a sustained line-up of activities throughout the year. “We kept the game interactive, with short but impactful dos and don’ts. These children can be Powersavers and safety ambassadors among their families and friends,” Lydia said with a smile. To Lydia, who heads the Leak Survey unit at SP’s Gas Operations team, spreading gas safety practices is a top priority. She champions gas safety awareness as a member of SP’s gas safety taskforce and the SP Heart Workers. Lydia’s team of 11 inspects gas pipelines all around Singapore, on foot and in specially designed leak-detection vehicles. They cover over 400km a month. Lydia and her team member checking for gas leaks along the pipelines Driven by her desire to make a difference, Lydia is on a constant hunt for ways to uplift the job of her team to achieve greater precision and efficiency. She developed ATLAS, a combination of three apps and data visualisation tools, which enables her team to digitally file close to 3,500 reports annually from any work location. The platform which was launched in September 2019 generates monthly reports instantly, saving time required for travel and report routing. ATLAS is estimated to save 2,100 manhours per year, equivalent to over S$65,000 in cost savings. Public education continues to be a focus for Lydia, an engineer under SP’s Engineering Development for GraduatEs (EDGE) Programme. The programme enables her to gain exposure through stints in various business units over a five-year period. SP team inspecting the internal pipes of homes and sharing gas safety tips with residents. “I’ve heard about older people who try to find the source of a gas leak with a lighter, which is extremely dangerous.” “Home owners may feel we’re being overly careful, but the implications for their family members, neighbours, even their pets could be severe. Gas safety must never be left to guesswork,” cautioned Lydia. — 2 January 2020 TAGS PEOPLE OF SPRELIABILITY YOU MIGHT BE INTERESTED TO READ Engineer, 27, shares how she is undaunted by male-dominated energy industry & climbs the ranks Lighting the way: Following in his father’s footsteps to keep S’pore’s power grid running 24/7 How this technical officer and robot SPock hunt hazards to protect Singapore’s power tunnels Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/young-animators-draw-up-gas-safety-tips SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Young Animators Draw up Gas Safety Tips RELIABILITY Working closely with NYP students were SP Group’s gas safety committee and corporate affairs department. The team comprised (first row, from left) SP’s Engineer Lydia Koh, SP’s Senior Engineer Nur Hafiza binte Mohd Zulkifli, NYP’s Lim Shu Ming, NYP’s Koh Chiau Wen, SP’s Head of Corporate Affairs, Amelia Champion, NYP’s Andrea Low, (second row, from left) NYP’s Quek Yu Jie, SP’s Senior Engineer Lo Ai Jin, NYP’s project supervisor Bhakta Srini, SP’s Senior Engineer Roseanne Chan, and SP’s Deputy Director, Corporate Affairs, Jeanie Lee. When Nanyang Polytechnic student Quek Yu Jie was 10, he came home to a strange smell and a hissing sound. He witnessed his mother’s quick reaction: she turned off a gas ring that had been left on, and opened all windows in the flat. “My mother knew we needed to let the gas out quickly. But I don’t think we knew we had to shut the main gas valve and leave all other appliances untouched,” Yu Jie, now 25 and a Nanyang Polytechnic final year student, recalled. Yu Jie and three other animation coursemates from NYP’s School of Interactive & Digital Media learnt this when they created a series of gas safety videos for SP Group as part of their Final Year Project. The biggest learning for them was that, using a mobile phone during a gas leak can spark a fire due to the microwaves emitted from phones, said Yu Jie, who led the video’s post-production. Statistics have shown that 42.5 per cent of the gas leaks attended to in the second half of 2018 were due to the misuse of gas appliances.  The videos are part of a gas safety campaign that is rolled out in September this year. NYP students engaged with the SP team to come up with a compelling public education campaign The team used animation to highlight key safety tips: how to detect a leak, ways to prevent gas-related incidents, and the importance of engaging a Licensed Gas Service Worker to install gas appliances. Team-mates Koh Chiau Wen and Lim Shu Ming, both 19, took the lead in developing key characters, while Andrea Low, 20, focused on creating the backdrop. The students worked closely with SP to decide on the best ways to drive home the key messages to a broad audience. “We want to raise the level of gas safety awareness as many people overlook the correct and safe use of gas appliances and accessories,” said Nur Hafiza binte Mohd Zulkifli, Senior Engineer, Gas Operations, from SP’s gas safety committee, a workgroup on gas safety education. Final Year Projects usually take about 480 hours, but project supervisor Bhakta Srini said that for this one, each put in up to 30 hours more, including over weekends and after school, to perfect the videos and capture the realism of human characters. “One second of a film is 24 frames and requires 12 drawings.  We created over 1,500 drawings in total,” explained Chiau Wen, who led the project team. But the students all agreed that it was worth it, since the videos get the message across using everyday scenarios. NYP students had to acquire gas safety knowledge from the SP Engineers and figure out how best to communicate this. Head of Corporate Affairs, Amelia Champion said the collaboration with the polytechnic helped to bring across SP’s gas safety advice through the lens of the students. “Anyone can potentially help detect or prevent a leak or be an advocate for safe practices. This series aims to make our safety messages easily understood and shared with others.” — 24 September 2019 TAGS RELIABILITYGAS SAFETY YOU MIGHT BE INTERESTED TO READ Engineer, 27, shares how she is undaunted by male-dominated energy industry & climbs the ranks Lighting the way: Following in his father’s footsteps to keep S’pore’s power grid running 24/7 How this technical officer and robot SPock hunt hazards to protect Singapore’s power tunnels Category: Reliability Safety Performance Criteria Policy.pdfhttps://www.spgroup.com.sg/dam/jcr:357660c9-748b-4390-a5fe-4d1ffa7016a4/Safety%20Performance%20Criteria%20Policy.pdf SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. With effect from 1 April 2023, this criteria is extended to subcontractors with LTI. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. safety-performance-criteria-policy.pdfhttps://www.spgroup.com.sg/dam/spgroup/pdf/about-us/procurement/safety-performance-criteria-policy.pdf SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. With effect from 1 April 2023, this criteria is extended to subcontractors with LTI. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. SAFETY+PERFORMANCE+CRITERIA+POLICY.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/15cefbf0-572f-4ad6-9edc-9bc7b54a56f3/SAFETY+PERFORMANCE+CRITERIA+POLICY.pdf?MOD=AJPERES SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. Searchhttps://www.spgroup.com.sg/search?tag=gas-safety Search Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/not-leaving-gas-safety-to-chance SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Not Leaving Gas Safety to Chance RELIABILITY SP’s gas safety ambassadors: (from left) Technician Roslee bin Mohamed Moksin, Engineer Lydia Koh and Technical Officer Muhammad Rezduan bin Abdullah. Gas Engineer Lydia Koh, 24, had just completed a lesson on energy-saving and gas safety practices. Sixty young beneficiaries from the Ang Mo Kio Family Service Centre waited eagerly for Lydia to reveal the answer to the specially designed quizzes. When she did, the room erupted in cheers, as the children rushed to make their next move on a giant snakes and ladders gameboard that Lydia designed and produced. This was one of the many regular activities organised by SP Heart Workers – the staff volunteers of SP Group. Heart Worker Lydia reaches out to communities in need by organising a sustained line-up of activities throughout the year. “We kept the game interactive, with short but impactful dos and don’ts. These children can be Powersavers and safety ambassadors among their families and friends,” Lydia said with a smile. To Lydia, who heads the Leak Survey unit at SP’s Gas Operations team, spreading gas safety practices is a top priority. She champions gas safety awareness as a member of SP’s gas safety taskforce and the SP Heart Workers. Lydia’s team of 11 inspects gas pipelines all around Singapore, on foot and in specially designed leak-detection vehicles. They cover over 400km a month. Lydia and her team member checking for gas leaks along the pipelines Driven by her desire to make a difference, Lydia is on a constant hunt for ways to uplift the job of her team to achieve greater precision and efficiency. She developed ATLAS, a combination of three apps and data visualisation tools, which enables her team to digitally file close to 3,500 reports annually from any work location. The platform which was launched in September 2019 generates monthly reports instantly, saving time required for travel and report routing. ATLAS is estimated to save 2,100 manhours per year, equivalent to over S$65,000 in cost savings. Public education continues to be a focus for Lydia, an engineer under SP’s Engineering Development for GraduatEs (EDGE) Programme. The programme enables her to gain exposure through stints in various business units over a five-year period. SP team inspecting the internal pipes of homes and sharing gas safety tips with residents. “I’ve heard about older people who try to find the source of a gas leak with a lighter, which is extremely dangerous.” “Home owners may feel we’re being overly careful, but the implications for their family members, neighbours, even their pets could be severe. Gas safety must never be left to guesswork,” cautioned Lydia. — 2 January 2020 TAGS PEOPLE OF SPRELIABILITY YOU MIGHT BE INTERESTED TO READ Engineer, 27, shares how she is undaunted by male-dominated energy industry & climbs the ranks Lighting the way: Following in his father’s footsteps to keep S’pore’s power grid running 24/7 How this technical officer and robot SPock hunt hazards to protect Singapore’s power tunnels Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/young-animators-draw-up-gas-safety-tips SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Young Animators Draw up Gas Safety Tips RELIABILITY Working closely with NYP students were SP Group’s gas safety committee and corporate affairs department. The team comprised (first row, from left) SP’s Engineer Lydia Koh, SP’s Senior Engineer Nur Hafiza binte Mohd Zulkifli, NYP’s Lim Shu Ming, NYP’s Koh Chiau Wen, SP’s Head of Corporate Affairs, Amelia Champion, NYP’s Andrea Low, (second row, from left) NYP’s Quek Yu Jie, SP’s Senior Engineer Lo Ai Jin, NYP’s project supervisor Bhakta Srini, SP’s Senior Engineer Roseanne Chan, and SP’s Deputy Director, Corporate Affairs, Jeanie Lee. When Nanyang Polytechnic student Quek Yu Jie was 10, he came home to a strange smell and a hissing sound. He witnessed his mother’s quick reaction: she turned off a gas ring that had been left on, and opened all windows in the flat. “My mother knew we needed to let the gas out quickly. But I don’t think we knew we had to shut the main gas valve and leave all other appliances untouched,” Yu Jie, now 25 and a Nanyang Polytechnic final year student, recalled. Yu Jie and three other animation coursemates from NYP’s School of Interactive & Digital Media learnt this when they created a series of gas safety videos for SP Group as part of their Final Year Project. The biggest learning for them was that, using a mobile phone during a gas leak can spark a fire due to the microwaves emitted from phones, said Yu Jie, who led the video’s post-production. Statistics have shown that 42.5 per cent of the gas leaks attended to in the second half of 2018 were due to the misuse of gas appliances.  The videos are part of a gas safety campaign that is rolled out in September this year. NYP students engaged with the SP team to come up with a compelling public education campaign The team used animation to highlight key safety tips: how to detect a leak, ways to prevent gas-related incidents, and the importance of engaging a Licensed Gas Service Worker to install gas appliances. Team-mates Koh Chiau Wen and Lim Shu Ming, both 19, took the lead in developing key characters, while Andrea Low, 20, focused on creating the backdrop. The students worked closely with SP to decide on the best ways to drive home the key messages to a broad audience. “We want to raise the level of gas safety awareness as many people overlook the correct and safe use of gas appliances and accessories,” said Nur Hafiza binte Mohd Zulkifli, Senior Engineer, Gas Operations, from SP’s gas safety committee, a workgroup on gas safety education. Final Year Projects usually take about 480 hours, but project supervisor Bhakta Srini said that for this one, each put in up to 30 hours more, including over weekends and after school, to perfect the videos and capture the realism of human characters. “One second of a film is 24 frames and requires 12 drawings.  We created over 1,500 drawings in total,” explained Chiau Wen, who led the project team. But the students all agreed that it was worth it, since the videos get the message across using everyday scenarios. NYP students had to acquire gas safety knowledge from the SP Engineers and figure out how best to communicate this. Head of Corporate Affairs, Amelia Champion said the collaboration with the polytechnic helped to bring across SP’s gas safety advice through the lens of the students. “Anyone can potentially help detect or prevent a leak or be an advocate for safe practices. This series aims to make our safety messages easily understood and shared with others.” — 24 September 2019 TAGS RELIABILITYGAS SAFETY YOU MIGHT BE INTERESTED TO READ Engineer, 27, shares how she is undaunted by male-dominated energy industry & climbs the ranks Lighting the way: Following in his father’s footsteps to keep S’pore’s power grid running 24/7 How this technical officer and robot SPock hunt hazards to protect Singapore’s power tunnels Category: Reliability Safety Performance Criteria Policy.pdfhttps://www.spgroup.com.sg/dam/jcr:357660c9-748b-4390-a5fe-4d1ffa7016a4/Safety%20Performance%20Criteria%20Policy.pdf SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. With effect from 1 April 2023, this criteria is extended to subcontractors with LTI. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. SAFETY+PERFORMANCE+CRITERIA+POLICY.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/15cefbf0-572f-4ad6-9edc-9bc7b54a56f3/SAFETY+PERFORMANCE+CRITERIA+POLICY.pdf?MOD=AJPERES SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. safety-performance-criteria-policy.pdfhttps://www.spgroup.com.sg/dam/spgroup/pdf/about-us/procurement/safety-performance-criteria-policy.pdf SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. With effect from 1 April 2023, this criteria is extended to subcontractors with LTI. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. Searchhttps://www.spgroup.com.sg/search?tag=gas-safety Search Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/not-leaving-gas-safety-to-chance SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Not Leaving Gas Safety to Chance RELIABILITY SP’s gas safety ambassadors: (from left) Technician Roslee bin Mohamed Moksin, Engineer Lydia Koh and Technical Officer Muhammad Rezduan bin Abdullah. Gas Engineer Lydia Koh, 24, had just completed a lesson on energy-saving and gas safety practices. Sixty young beneficiaries from the Ang Mo Kio Family Service Centre waited eagerly for Lydia to reveal the answer to the specially designed quizzes. When she did, the room erupted in cheers, as the children rushed to make their next move on a giant snakes and ladders gameboard that Lydia designed and produced. This was one of the many regular activities organised by SP Heart Workers – the staff volunteers of SP Group. Heart Worker Lydia reaches out to communities in need by organising a sustained line-up of activities throughout the year. “We kept the game interactive, with short but impactful dos and don’ts. These children can be Powersavers and safety ambassadors among their families and friends,” Lydia said with a smile. To Lydia, who heads the Leak Survey unit at SP’s Gas Operations team, spreading gas safety practices is a top priority. She champions gas safety awareness as a member of SP’s gas safety taskforce and the SP Heart Workers. Lydia’s team of 11 inspects gas pipelines all around Singapore, on foot and in specially designed leak-detection vehicles. They cover over 400km a month. Lydia and her team member checking for gas leaks along the pipelines Driven by her desire to make a difference, Lydia is on a constant hunt for ways to uplift the job of her team to achieve greater precision and efficiency. She developed ATLAS, a combination of three apps and data visualisation tools, which enables her team to digitally file close to 3,500 reports annually from any work location. The platform which was launched in September 2019 generates monthly reports instantly, saving time required for travel and report routing. ATLAS is estimated to save 2,100 manhours per year, equivalent to over S$65,000 in cost savings. Public education continues to be a focus for Lydia, an engineer under SP’s Engineering Development for GraduatEs (EDGE) Programme. The programme enables her to gain exposure through stints in various business units over a five-year period. SP team inspecting the internal pipes of homes and sharing gas safety tips with residents. “I’ve heard about older people who try to find the source of a gas leak with a lighter, which is extremely dangerous.” “Home owners may feel we’re being overly careful, but the implications for their family members, neighbours, even their pets could be severe. Gas safety must never be left to guesswork,” cautioned Lydia. — 2 January 2020 TAGS PEOPLE OF SPRELIABILITY YOU MIGHT BE INTERESTED TO READ Engineer, 27, shares how she is undaunted by male-dominated energy industry & climbs the ranks Lighting the way: Following in his father’s footsteps to keep S’pore’s power grid running 24/7 How this technical officer and robot SPock hunt hazards to protect Singapore’s power tunnels Category: Reliability Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/young-animators-draw-up-gas-safety-tips SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Young Animators Draw up Gas Safety Tips RELIABILITY Working closely with NYP students were SP Group’s gas safety committee and corporate affairs department. The team comprised (first row, from left) SP’s Engineer Lydia Koh, SP’s Senior Engineer Nur Hafiza binte Mohd Zulkifli, NYP’s Lim Shu Ming, NYP’s Koh Chiau Wen, SP’s Head of Corporate Affairs, Amelia Champion, NYP’s Andrea Low, (second row, from left) NYP’s Quek Yu Jie, SP’s Senior Engineer Lo Ai Jin, NYP’s project supervisor Bhakta Srini, SP’s Senior Engineer Roseanne Chan, and SP’s Deputy Director, Corporate Affairs, Jeanie Lee. When Nanyang Polytechnic student Quek Yu Jie was 10, he came home to a strange smell and a hissing sound. He witnessed his mother’s quick reaction: she turned off a gas ring that had been left on, and opened all windows in the flat. “My mother knew we needed to let the gas out quickly. But I don’t think we knew we had to shut the main gas valve and leave all other appliances untouched,” Yu Jie, now 25 and a Nanyang Polytechnic final year student, recalled. Yu Jie and three other animation coursemates from NYP’s School of Interactive & Digital Media learnt this when they created a series of gas safety videos for SP Group as part of their Final Year Project. The biggest learning for them was that, using a mobile phone during a gas leak can spark a fire due to the microwaves emitted from phones, said Yu Jie, who led the video’s post-production. Statistics have shown that 42.5 per cent of the gas leaks attended to in the second half of 2018 were due to the misuse of gas appliances.  The videos are part of a gas safety campaign that is rolled out in September this year. NYP students engaged with the SP team to come up with a compelling public education campaign The team used animation to highlight key safety tips: how to detect a leak, ways to prevent gas-related incidents, and the importance of engaging a Licensed Gas Service Worker to install gas appliances. Team-mates Koh Chiau Wen and Lim Shu Ming, both 19, took the lead in developing key characters, while Andrea Low, 20, focused on creating the backdrop. The students worked closely with SP to decide on the best ways to drive home the key messages to a broad audience. “We want to raise the level of gas safety awareness as many people overlook the correct and safe use of gas appliances and accessories,” said Nur Hafiza binte Mohd Zulkifli, Senior Engineer, Gas Operations, from SP’s gas safety committee, a workgroup on gas safety education. Final Year Projects usually take about 480 hours, but project supervisor Bhakta Srini said that for this one, each put in up to 30 hours more, including over weekends and after school, to perfect the videos and capture the realism of human characters. “One second of a film is 24 frames and requires 12 drawings.  We created over 1,500 drawings in total,” explained Chiau Wen, who led the project team. But the students all agreed that it was worth it, since the videos get the message across using everyday scenarios. NYP students had to acquire gas safety knowledge from the SP Engineers and figure out how best to communicate this. Head of Corporate Affairs, Amelia Champion said the collaboration with the polytechnic helped to bring across SP’s gas safety advice through the lens of the students. “Anyone can potentially help detect or prevent a leak or be an advocate for safe practices. This series aims to make our safety messages easily understood and shared with others.” — 24 September 2019 TAGS RELIABILITYGAS SAFETY YOU MIGHT BE INTERESTED TO READ Engineer, 27, shares how she is undaunted by male-dominated energy industry & climbs the ranks Lighting the way: Following in his father’s footsteps to keep S’pore’s power grid running 24/7 How this technical officer and robot SPock hunt hazards to protect Singapore’s power tunnels Category: Reliability SAFETY+PERFORMANCE+CRITERIA+POLICY.pdfhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/15cefbf0-572f-4ad6-9edc-9bc7b54a56f3/SAFETY+PERFORMANCE+CRITERIA+POLICY.pdf?MOD=AJPERES SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. Safety Performance Criteria Policy.pdfhttps://www.spgroup.com.sg/dam/jcr:357660c9-748b-4390-a5fe-4d1ffa7016a4/Safety%20Performance%20Criteria%20Policy.pdf SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. With effect from 1 April 2023, this criteria is extended to subcontractors with LTI. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. safety-performance-criteria-policy.pdfhttps://www.spgroup.com.sg/dam/spgroup/pdf/about-us/procurement/safety-performance-criteria-policy.pdf SAFETY PERFORMANCE CRITERIA Introduction 1. With effect from 1 April 2022, all tenders called by Singapore Power Limited and its Singapore incorporated subsidiaries (SP Group) will include a tender evaluation criteria that takes into account the participating tenderer’s safety performance in their contracts with SP Group. With effect from 1 April 2023, this criteria is extended to subcontractors with LTI. 2. This is in line with SP Group’s core value that safety is our highest priority and all our suppliers and contractors must continuously adopt good safety practices and prevent accidents from occurring. Tender Evaluation Criteria 3. All open and closed tenders published on or after 1 April 2022 by SP Group shall include the new Safety Performance criteria as part of its tender evaluation criteria. 4. The Safety Performance criteria shall be a 1 st level evaluation criteria together with Price and/or Quality and shall be of a overall weightage of not less than 10% of the total evaluation score. 5. For tenders that is evaluated based solely on lowest compliant priced tender with no requirement to assess quality (e.g supply of standard items such as HP toner cartridges), the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (90%) 6. For tenders that is evaluated based on Price and Quality factors, the following evaluation method shall apply: Total Evaluation Score (100%) = Safety Performance (10%) + Price (X%) + Quality (Y%) Where X + Y = 90% 7. For the avoidance of doubt, other safety related evaluation criteria such as the proposed safety measures to be taken for the tendered project or the tenderer’s past safety awards shall be accounted separately under the Quality score. Safety Performance 8. Safety Performance of tenderers shall be assessed by taking into account the occurrence of any Loss Time Injury (LTI) incidents in the past 2 years prior to tender closing date. In the event of the occurrence of any incidents that results in fatality or serious injury in the past 1 year prior to the tender closing date, the bid submitted by the tenderer may be rejected by SP Group. For the avoidance of doubt only incidents occurring on or after 1 April 2022 will be considered. 9. Loss Time Injury incidents for the purpose of this Safety Performance criteria refers to any incidents where: a. It is a work-related injury occurs which results in lost work time of one work day or more; b. The incident occurred while the tenderer was carrying out works under a contract with SP Group; and c. The incident occurred on or after 1 April 2022. 10. Any incidents that occur in the course of the Tenderer’s work in contracts with other parties are not accounted under this criteria’s scoring but may considered in the final decision for award. Searchhttps://www.spgroup.com.sg/search?tag=gas-safety Search Reliabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/reliability/not-leaving-gas-safety-to-chance SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Not Leaving Gas Safety to Chance RELIABILITY SP’s gas safety ambassadors: (from left) Technician Roslee bin Mohamed Moksin, Engineer Lydia Koh and Technical Officer Muhammad Rezduan bin Abdullah. Gas Engineer Lydia Koh, 24, had just completed a lesson on energy-saving and gas safety practices. Sixty young beneficiaries from the Ang Mo Kio Family Service Centre waited eagerly for Lydia to reveal the answer to the specially designed quizzes. When she did, the room erupted in cheers, as the children rushed to make their next move on a giant snakes and ladders gameboard that Lydia designed and produced. This was one of the many regular activities organised by SP Heart Workers – the staff volunteers of SP Group. Heart Worker Lydia reaches out to communities in need by organising a sustained line-up of activities throughout the year. “We kept the game interactive, with short but impactful dos and don’ts. These children can be Powersavers and safety ambassadors among their families and friends,” Lydia said with a smile. To Lydia, who heads the Leak Survey unit at SP’s Gas Operations team, spreading gas safety practices is a top priority. She champions gas safety awareness as a member of SP’s gas safety taskforce and the SP Heart Workers. Lydia’s team of 11 inspects gas pipelines all around Singapore, on foot and in specially designed leak-detection vehicles. They cover over 400km a month. Lydia and her team member checking for gas leaks along the pipelines Driven by her desire to make a difference, Lydia is on a constant hunt for ways to uplift the job of her team to achieve greater precision and efficiency. She developed ATLAS, a combination of three apps and data visualisation tools, which enables her team to digitally file close to 3,500 reports annually from any work location. The platform which was launched in September 2019 generates monthly reports instantly, saving time required for travel and report routing. ATLAS is estimated to save 2,100 manhours per year, equivalent to over S$65,000 in cost savings. Public education continues to be a focus for Lydia, an engineer under SP’s Engineering Development for GraduatEs (EDGE) Programme. The programme enables her to gain exposure through stints in various business units over a five-year period. SP team

Utility Bill Avg_With Gas Utility Bill Average ($) for households with gas Premises Types Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 HDB 1-Room 79.07 78.29 77.04 73.76 80.08 82.78 87.43 83.34 86.23 82.42 81.64 83.97 HDB 2-Room 92.27 91.27 89.30 85.50 92.72 97.00 100.66 97.91 99.45 95.00 93.57 97.93 HDB 3-Room 117.18 114.72 112.98 109.85 119.73 124.51 129.34 124.22 126.71 122.50 121.04 124.31 HDB 4-Room 140.21 135.59 135.07 130.30 142.95 148.52 154.60 149.22 151.99 147.59 145.21 150.28 HDB 5-Room 149.31 142.48 144.01 139.05 152.34 157.84 164.50 159.46 162.46 157.97 155.35 160.85 HDB Executive 163.45 157.40 159.60 154.76 169.93 174.70 182.36 177.32 179.80 175.34 171.18 178.17 Apartment 175.37 163.41 158.33 158.04 175.68 183.56 189.46 182.17 184.14 182.73 180.50 187.96 Terrace 277.89 263.67 267.59 261.56 279.64 288.94 301.97 291.01 298.11 292.67 293.17 295.21 Semi-Detached 349.08 335.83 332.11 329.24 351.85 364.56 382.10 371.24 376.26 370.72 362.56 376.52 Bungalow 661.91 659.36 621.11 635.40 675.97 699.68 725.88 709.75 708.95 728.77 693.44 732.73 Note: The figures exclude electricity charges for PAYU customers and customers who are not purchasing electricity at the regulated tariff. Utility Bill Avg_WO Gas Utility Bill Average ($) for households without gas Premises Types Dec-24 Jan-25 Feb-25 Mar-25 Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 HDB 1-Room 70.55 69.80 67.47 64.90 70.52 74.13 78.40 75.61 77.97 73.97 73.36 75.72 HDB 2-Room 83.62 82.58 80.06 76.74 83.39 87.87 91.84 89.70 91.17 86.56 85.41 89.23 HDB 3-Room 105.02 102.49 100.23 97.68 106.96 112.09 116.92 112.61 114.89 110.33 109.14 112.40 HDB 4-Room 125.25 120.76 119.36 114.92 126.86 133.11 139.31 134.99 137.35 132.51 130.31 135.32 HDB 5-Room 132.77 126.41 126.62 121.76 134.46 140.89 147.54 143.70 146.23 141.18 138.68 144.16 HDB Executive 146.15 140.37 140.97 136.47 150.92 156.71 164.42 160.31 162.51 157.57 153.76 160.51 Apartment 154.01 142.43 135.55 134.92 152.04 161.94 168.66 163.45 164.54 161.05 158.14 166.34 Terrace 250.88 239.06 240.95 235.09 253.19 263.33 276.05 267.47 273.88 266.42 265.98 269.32 Semi-Detached 319.77 307.20 301.32 299.32 321.27 335.61 352.45 342.67 347.15 340.35 333.46 344.79 Bungalow 617.06 610.72 573.47 585.41 625.30 651.42 679.81 663.52 665.92 680.97 644.28 684.59 Note: The figures exclude electricity charges for PAYU customers and customers who are not purchasing electricity at the regulated tariff.

Media Coverage Catch the latest news on SP All Years 16 Nov 2020 Business Times - Singapore gears up for cleaner cars with bigger rebates EV battery leasing Source: Business Times © Singapore Press Holdings Limited. Permission required for reproduction. 16 Nov 2020 Straits Times - Higher rebates surcharges to cut vehicle emissions from next year Source: Straits Times © Singapore Press Holdings Limited. Permission required for reproduction. 04 Nov 2020 The Business Times Online - CapitaLand, SP Group and Sembcorp to explore green data centres Source: The Business Times Online © Singapore Press Holdings Limited. Permission required for reproduction. 04 Nov 2020 The Straits Times Online - CapitaLand, SP Group and Sembcorp to explore green data centres Source: The Straits Times Online © Singapore Press Holdings Limited. Permission required for reproduction. 02 Nov 2020 The Business Times - Sembcorp, SP to create platform with renewable energy certificate marketplace Source: The Business Times © Singapore Press Holdings Limited. Permission required for reproduction. 02 Nov 2020 The Edge Singapore - Sembcorp Industries and SP Group to jointly develop environmental sustainability platform Source: The Edge Singapore. 02 Nov 2020 The Straits Times - Sembcorp, SP Group to create green platform for companies, consumers Source: The Straits Times © Singapore Press Holdings Limited. Permission required for reproduction. 19 Oct 2020 The Straits Times - 1,000 households opt in for Tengah's cool new feature Source: The Straits Times © Singapore Press Holdings Limited. Permission required for reproduction. 19 Oct 2020 Lianhe Zaobao - New centralised cooling system for Tengah residents may save up to 30% on their electricity consumption Source: Lianhe Zaobao © Singapore Press Holdings Limited. Permission required for reproduction. 19 Oct 2020 The New Paper - 1,000 Tengah households opt for centralised cooling system Source: The New Paper © Singapore Press Holdings Limited. Permission required for reproduction. 1 ... 20 21 22 ... 46

News & Media Releases Latest All Years 13 Mar 2025 SP Group launches Singapore’s first distributed district cooling network at Tampines 24 Feb 2025 SP Group launches Tengah’s First Public EV Chargers, Expanding Singapore’s Green Mobility Network 21 Feb 2025 New learning centre opens in Toa Payoh to empower children who learn differently 10 Feb 2025 HSBC Asset Management Energy Transition Infrastructure (ETI) Team Invests in a Strategic Stake in SP Mobility 12 Jan 2025 SP Group Partners Airbus Asia Training Centre to Provide Sustainable Thermal Comfort with Smart Cooling Solution 03 Jan 2025 SP Group extends multi-year support to KidSTART Singapore with additional S$1.1 million donation to launch new learning initiative 29 Dec 2024 Electricity Tariff Revision for the Period 1 January to 31 March 2025 10 Dec 2024 SP Group secures district cooling and heating energy management project at Chengdu Future Medical City 18 Nov 2024 SP Group expands renewable energy portfolio in Thailand with its first M&A deals 21 Oct 2024 SP Group heads international energy group and host CEOs in Singapore at biennial conference 1 2 3 4 5 ... 21

News & Media Releases Latest All Years 24 Sep 2023 SP Group Secures First District Cooling Project in Thailand under Joint Venture with Banpu NEXT 07 Sep 2023 Record S$700,000 raised at SP Charity Golf 2023 23 Aug 2023 SP Group Partners Frasers Property Vietnam To Bring Integrated Smart, Clean Energy Solutions To Binh Duong Industrial Park 29 Jun 2023 Electricity Tariff Revision For The Period 1 July to 30 Sep 2023 05 Jun 2023 SP Group invests in first batch of agrivoltaics assets in China 29 May 2023 KidSTART Singapore new play production, Adventures with Andi, promotes reading and language development among children 28 May 2023 Youth Guidance Outreach Services receives largest single donation of $750,000 from SP Group 25 May 2023 SP Group Expands Marina Bay District Cooling Network With More Developments And New Satellite Plants 15 May 2023 Sabeco partners SP Group to install rooftop solar system across nine breweries in Vietnam 09 Apr 2023 SP Group to acquire up to 150MW rooftop solar assets in China 1 ... 6 7 8 ... 21

SP Mobility’s First Year Anniversary Celebration - Free One-month Charging Promotion SP Mobility Pte. Ltd. (part of SP Group), Singapore’s fastest public electric vehicle (“EV”) charging network, is celebrating our first anniversary and is offering 1 month of free EV charging to new private EV owners! Anyone who purchases a new EV (only fully battery EVs are eligible) at the Singapore Motor Show 2020 or from any authorized car dealer in Singapore from 9 – 19 January 2020 (both dates inclusive) is eligible for this special promotion! To register, an eligible EV owner need to: 1. Install and sign up for the SP Utilities app; and 2. Submit the following documents to SP Mobility at emobility@spgroup.com.sg, for verification after collection of EV: a. Proof that the car was purchased for private use: vehicle Log Card (without NRIC No.); b. Proof of purchase: original invoice from authorised dealers, indicating the date of sale; and c. Proof of sign up for app: Screenshot of their SP Utilities app user details. Please submit all the documents by 30 June 2020. All late submissions will not be applicable for the promotion. The 1-month free EV charging will commence upon the date of notification to the successfully registered EV owners. Please allow up to 7 working days for processing, verification and registration of application. Terms and conditions apply. If you have any queries, please email / call SP Mobility at: - email: emobility@spgroup.com.sg - hotline: +65 6916 7799 during operational hours: Mon to Fri 9am to 11pm, Sat/Sun 9am to 1pm (closed on Public Holidays). SP Mobility (“SP”) First Year Anniversary Celebration - Free One-month Charging Promotion (“Promotion”) Terms and Conditions (“Terms”) By participating in the Promotion and/or using the Benefits, each applicant (including each User) agrees to the following: 1. This Promotion applies to anyone who: (a) purchases a new electric vehicle (“EV”) for private use between 9 January 2020 00:00 hours to 19 January 2020 23:59 hours, either at the Singapore Motor Show 2020 or from any authorised car dealers in Singapore; and (b) signs up for the SP Utilities app and registers him or herself in accordance with the registration instructions before 30 June 2020 23:59 hours. 2. Each applicant gives his or her consent to SP and its affiliates (“SP Group”) to collect, use and disclose his or her personal data for the sole purpose of the Promotion and Benefits. Each applicant has read and agrees with SP’s Personal Data Protection Policy. 3. A successful applicant (“User”) will receive a notice from SP (“Notice”) that he or she is entitled to the 1-month (31 consecutive calendar days) free EV charging benefit (“Benefit”) subject to these Terms and the terms of SP Utilities app. SP reserves the right to reject any applications which do not comply with the registration instructions and/or these Terms. 4. The Benefit will commence on the date of the Notice and cease upon the earlier occurrence of: (a) 1 month from the date of Notice, or (b) the utilisation of maximum aggregate charge amount of 380 kWh (regardless of power rating of charger used). 5. Users may use the Benefit at any available charger in SP EV charging public network (“SP Network”). SP does not represent or warrant that its chargers are available for use by Users at any or all times. 6. The Benefit covers only the charging session fees when charging an EV at the SP Network and excludes any other costs including, without limitation, parking charges which may apply at locations where SP chargers are located. 7. The Benefit (or part thereof including expired and unutilized Benefit) may not be transferred, exchanged or refunded for cash or any other benefits. 8. SP reserves the sole and absolute right to do any of the following without incurring any liability or compensation to the applicants (including Users): (a) terminate the Benefit granted to any User who is in breach of these Terms and SP Utilities app terms; (b) suspend, withdraw or terminate the Promotion and/or Benefit for any reason; and (c) amend or alter these Terms or any terms of the Promotion without prior notice. 9. To the extent permitted by law, SP Group is not liable to applicants (including Users) for any and all losses including special, indirect and consequential losses for any losses, damages, rights, claims and actions of any kind suffered by applicants (including Users) resulting from the Promotion and use of Benefits. 10. These Terms are governed by the laws of Singapore. In event of disputes, the decision of SP will be final, conclusive and binding.

DISTRIBUTED ENERGY RESOURCE (DER) SYSTEM: CHECKLIST AND DECLARATION OF COMPLIANCE TO SP POWERGRID’S (SPPG) TECHNICAL REQUIREMENTS (To be submitted together with CS1 application) PART I: INSTALLATION DETAILS Consumer Name: Installation/Premises Address: For official use only Application No. Electrical Installation License No.: Installation Intake Voltage: Existing Site Approved Load: kVA / kW (to delete accordingly) PART II: DER SYSTEM DETAILS Total Short Circuit Current Contribution: Amps Metering Point Existing DER System Details Description of Metering Point kWp/kWh kWac 1,3 System Type Location ☐PV ☐BESS ☐Others:___ ☐PV ☐BESS ☐Others:___ ☐PV ☐BESS ☐Others:___ Total Existing Generation Capacity Metering Point Description of Metering Point Location Total Applied Generation Capacity Total Generation Capacity Applied DER System Details kWp/kWh kWac 1,3 System Type Owner of DER system 2 kWp/kWh kWac ,1.3 ☐PV ☐BESS ☐Others:___ ☐PV ☐BESS ☐Others:___ ☐PV ☐BESS ☐Others:___ ☐ Consumer ☐ 3 rd party ☐ Consumer ☐ 3 rd party ☐ Consumer ☐ 3 rd party 1. Based on inverter rated AC capacity. 2. If DER is owned by 3 rd party, please state Company Name: 3. The Consumer shall declare if the Owner of the applied DER system has an aggregated Generation Capacity of ≥ 1MWac installed in this premise. If yes, the Owner of the applied DER system shall furnish the Wholesaler/Generation License at point of Turn-On. ☐ No ☐ Yes New DER Inverter(s) Information: S/N Brand Model Rated Power (kWac) Quantity PART III: DOCUMENT CHECKLIST Please check the boxes to acknowledge that you have submitted the following documents: � Letter of Consent � Single Line Diagram (SLD) (from DER System to Point of Common Coupling (PCC)) Page 1 of 3 Ver 6.0 � PQ Compliance Report � Short Circuit Current Contribution Report � Inverter(s) Specifications � Voltage and Frequency Protection Settings � Inverter(s) Type Test Reports (Harmonics, Voltage Unbalance, Flicker, DC Injection) � Solar panel(s)/Batteries Specifications � Isolation Transformer Specifications (if used) � Dynamic Simulation Model (for aggregated capacity as per Transmission Code C7.2 ) � Other Supporting Documents (if any) Please submit the following documents to the respective Distribution Network (DN) sections upon commissioning of the DER system. 1) Certificate of Compliance 2) Commissioning Declaration of DER System PART IV: TECHNICAL REQUIREMENTS We confirm that the application complies with the following requirements at PCC: 1) Power Quality Harmonics Voltage at PCC (kV) 0.23 / 0.4 6.6 / 22 66 230 / 400 Total harmonic voltage distortion, VTHD < 5% < 4% < 3% < 1.5% Individual harmonic voltage (odd) < 4% < 3% < 2% < 1% Individual harmonic voltage (even) < 2% < 2% < 1% < 0.5% DC Injection Max DC injection per phase < 0.5% of inverter rated output current DC injection is deprecated Voltage Fluctuation Flicker Voltage Unbalance The LEW shall submit technical justification in the PQ compliance report for consideration, if the DER system DC injection at the PCC deviates from this requirement. Percentage difference from nominal voltage < ±3% Short term flicker severity, PST < 1.0 Long term flicker severity, PLT < 0.8 Max ratio of negative phase sequence to positive phase sequence voltage < 1% 2) Protection Abnormal Voltage Response Minimum Holding Time (s) - requirement Maximum Tripping Time (s) - requirement Abnormal Voltage Range (% of nominal voltage) V < 50 50 ≤ V < 88 110 < V < 120 > 0.6 > 2.0 > 1.0 ≤ 1.6 ≤ 3.0 ≤ 2.0 The DER generating unit shall be capable of disconnecting from the transmission system if under or over voltage is detected at the connected person’s incoming switchboard or at the generating unit terminal. Depending on the abnormal voltage range, the generating unit shall remain in operation for a minimum holding time and disconnect before the maximum tripping time as specified above. Abnormal Frequency Response Operating Time Continuous operation Frequency Range (Hz) 47.5 ≤ f ≤ 52 47 ≤ f < 47.5 Remain in operation for at least 20s each time frequency falls below 47.5Hz. 3) Reconnection The DER system shall also cease to energize the transmission system for faults on the service connection between the DER system to the PCC. The DER system may reconnect to the transmission system 1 minute after the voltage and frequency at its connection point have recovered and remained within the ranges listed as follows: (a) Frequency within 49.8Hz and 50.2Hz; Page 2 of 3 Ver 6.0 (b) Transmission network voltage within ±3% of the nominal value or distribution network voltage within ±6% of the nominal value. 4) Inverter Specification Reactive power control mode: Q(V) Control 4 If other mode is selected, please indicate the details: _____________________________________________ 4. By signing below (Part IV), you agree that the above reactive power control mode will be set before inverter(s) energization, in compliance with the requirements stipulated in the Transmission Code. For more details on the settings, please refer to Transmission Code F12. PART V: CHOICE OF BACKUP SCHEME FOR EMBEDDED GENERATION (DER) (Must be filled for Intake Voltage at HT and above) We understand that consumers connected at HT and above with embedded generation (DER) are required to choose a backup scheme 5 for their service connection. Please prepare a Supplemental Agreement for Consumer based on the backup scheme of their choice (please tick one backup scheme): ☐ 1) Summation Scheme (please tick one metering option): ☐ Installation of Summation meters (Where there are no generation meters installed, summation meters will be provided by SPPA) ☐ Generation meters (If generation meters are already installed, there is no need to install additional summation meters as the generation meters can double up as summation meters) ☐ Solar Generation Profile (Applicable for contestable consumers who have embedded generation (PV) below 10 MWac and are registered with SPS/EMC) ☐ 2) Capped Capacity Scheme ☐ 3) Extended Capped Capacity Scheme 5. For more details on backup scheme, please refer to Handbook on “How to Apply for Electricity Connection” (Appendix 39). PART VI: DECLARATION OF COMPLIANCE TO SPPG’S TECHNICAL REQUIREMENTS I, (LEW No.: ), (Name) the undersigned Licensed Electrical Worker (LEW) for the DER installation at the above premises, declare that I have evaluated and confirmed that the DER system complies with the above, including requirements as per “Technical Requirements of Distributed Generation (DG) and New Extra High Tension (EHT) Connection”. Signature: Date: (DD/MM/YYYY) Page 3 of 3 Ver 6.0

Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Power-To-Build-Advanced-Energy-Efficient-Cooling-Network-For-Capitaland-s-Raffles-City-Chongqing Media Release Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqing Landmark agreement marks Singapore Power’s first district cooling network in China Singapore, 20 May 2015 – Singapore Power (SP) today signed an agreement with CapitaLand Limited (CapitaLand) for the delivery of district cooling for Raffles City Chongqing. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing. The district cooling system will deliver high-quality air conditioning services to consumers through an integrated underground pipe network. 2. Singapore Power’s advanced energy-efficient cooling network is expected to deliver up to 50% cost savings in energy consumption, compared to conventional building chiller plants. Raffles City Chongqing will enjoy lower energy usage with about S$30 million savings over 20 years. Tenants of Raffles City Chongqing will enjoy the same round-the- clock availability and high reliability as the consumers in Marina Bay Singapore. 3. Mr Wong Kim Yin, Group CEO of Singapore Power, said, “Singapore Power is excited to partner CapitaLand for Raffles City Chongqing. With our expertise in advanced energy-efficient cooling networks, we are confident Raffles City Chongqing will set a new benchmark in sustainability. Advanced energy-efficient cooling networks are uniquely suited to serve China’s drive towards urbanisation and clean development. Singapore Power will grow this business with high priority, leveraging our advanced engineering capabilities and our successful track in Marina Bay Singapore.” 4. Mr Lim Ming Yan, President & Group CEO of CapitaLand Limited, said: “CapitaLand is one of the pioneer adopters of green building standards because we strongly believe sustainability is a continuous process that is integral to our business. As internationally recognised urban icons of excellence, Raffles City developments attest to CapitaLand’s commitment to develop user-centric built environments to improve the economic, environmental and social well-being of our stakeholders. We look forward to partnering Singapore Power in implementing this advanced energy-efficient district cooling system at Raffles City Chongqing – the single biggest development in Chongqing to date to adopt the system – which will enable us to avoid incurring about S$30 million in utility cost over 20 years and eventually benefit our tenants in the long run.” 5. Singapore Power has a strong track record in delivering advanced energy-efficient cooling services to developments at the Marina Bay business district since May 2006. With extensive development capabilities in designing, construction and commissioning, its district cooling footprint spans a service area of 1.6 million m2, including commercial, hotels, apartments, office and retail buildings. Leveraging its advanced engineering and technology, SP has delivered up to 50% energy savings compared to in-building chiller systems. --- About Singapore Power Singapore Power Group (SP) is a leading energy utility group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia. More than 1.4 million industrial, commercial and residential customers in Singapore benefit from SP’s world-class transmission, distribution and market support services. The networks in Singapore are amongst the most reliable and cost-effective worldwide. For more information, please visit www.singaporepower.com.sg. About CapitaLand Limited CapitaLand Limited is one of Asia’s largest real estate companies headquartered and listed in Singapore. The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. The company also has one of the largest real estate fund management businesses with assets located in Asia. CapitaLand’s listed real estate investment trusts are Ascott Residence Trust, CapitaLand Commercial Trust, CapitaLand Mall Trust, CapitaLand Retail China Trust and CapitaMalls Malaysia Trust. Issued by: Singapore Power Limited 10 PasirPanjang Road #03-01 Mapletree Business City Singapore 117438 Co. RegNo : 199406577N www.singaporepower.com.sg -- End -- Media Release - Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqinghttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/b786435d-a2d8-41c9-a16a-e3c18a5a56ca/%5B20150520%5D+Media+Release+-+Singapore+Power+To+Build+Advanced+Energy+Efficient+Cooling+Network+For+Capitaland's+Raffles+City+Chongqing.pdf?MOD=AJPERES&CVID= 20 May 2015 News Release For immediate release SINGAPORE POWER TO BUILD ADVANCED ENERGY-EFFICIENT COOLING NETWORK FOR CAPITALAND’S RAFFLES CITY CHONGQING Landmark agreement marks Singapore Power’s first district cooling network in China Singapore, 20 May 2015 – Singapore Power (SP) today signed an agreement with CapitaLand Limited (CapitaLand) for the delivery of district cooling for Raffles City Chongqing. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing. The district cooling system will deliver high-quality air conditioning services to consumers through an integrated underground pipe network. 2. Singapore Power’s advanced energy-efficient cooling network is expected to deliver up to 50% cost savings in energy consumption, compared to conventional building chiller plants. Raffles City Chongqing will enjoy lower energy usage with about S$30 million savings over 20 years. Tenants of Raffles City Chongqing will enjoy the same round-theclock availability and high reliability as the consumers in Marina Bay Singapore. 3. Mr Wong Kim Yin, Group CEO of Singapore Power, said, “Singapore Power is excited to partner CapitaLand for Raffles City Chongqing. With our expertise in advanced energy-efficient cooling networks, we are confident Raffles City Chongqing will set a new benchmark in sustainability. Advanced energy-efficient cooling networks are uniquely suited to serve China’s drive towards urbanisation and clean development. Singapore Power will grow this business with high priority, leveraging our advanced engineering capabilities and our successful track in Marina Bay Singapore.” 4. Mr Lim Ming Yan, President & Group CEO of CapitaLand Limited, said: “CapitaLand is one of the pioneer adopters of green building standards because we strongly believe sustainability is a continuous process that is integral to our business. As internationally recognised urban icons of excellence, Raffles City developments attest to CapitaLand’s commitment to develop user-centric built environments to improve the economic, environmental and social well-being of our stakeholders. We look forward to partnering Singapore Power in implementing this advanced energy-efficient district cooling system at Raffles City Chongqing – the single biggest development in Chongqing to date to adopt the system – which will enable us to avoid incurring about S$30 million in utility cost over 20 years and eventually benefit our tenants in the long run.” 1 5. Singapore Power has a strong track record in delivering advanced energy-efficient cooling services to developments at the Marina Bay business district since May 2006. With extensive development capabilities in designing, construction and commissioning, its district cooling footprint spans a service area of 1.6 million m 2 , including commercial, hotels, apartments, office and retail buildings. Leveraging its advanced engineering and technology, SP has delivered up to 50% energy savings compared to in-building chiller systems. --- Media contacts: Evelyn Yeo, Edelman • Phone: +65 6347 2359 or +65 9367 6017 • Email: evelyn.yeo@edelman.com Warren Wu, Corporate Affairs, Singapore Power Ltd • Phone: +65 6378 8779 or +65 9170 0175 • Email: warrenwu@singaporepower.com.sg Tan Bee Leng, Head, Group Communications, CapitaLand Limited • Phone: +65 6713 2871 • Email: tan.beeleng@capitaland.com About Singapore Power Singapore Power Group (SP) is a leading energy utility group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia. More than 1.4 million industrial, commercial and residential customers in Singapore benefit from SP’s world-class transmission, distribution and market support services. The networks in Singapore are amongst the most reliable and cost-effective worldwide. For more information, please visit www.singaporepower.com.sg. About CapitaLand Limited CapitaLand Limited is one of Asia’s largest real estate companies headquartered and listed in Singapore. The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. The company also has one of the largest real estate fund management businesses with assets located in Asia. CapitaLand’s listed real estate investment trusts are Ascott Residence Trust, CapitaLand Commercial Trust, CapitaLand Mall Trust, CapitaLand Retail China Trust and CapitaMalls Malaysia Trust. 2 Issued by: Singapore Power Limited 10 PasirPanjang Road #03-01 Mapletree Business City Singapore 117438 Co. RegNo : 199406577N www.singaporepower.com.sg -- end – 3 Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Power-To-Build-Advanced-Energy-Efficient-Cooling-Network-For-Capitaland-s-Raffles-City-Chongqing Media Release Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqing Landmark agreement marks Singapore Power’s first district cooling network in China Singapore, 20 May 2015 – Singapore Power (SP) today signed an agreement with CapitaLand Limited (CapitaLand) for the delivery of district cooling for Raffles City Chongqing. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing. The district cooling system will deliver high-quality air conditioning services to consumers through an integrated underground pipe network. 2. Singapore Power’s advanced energy-efficient cooling network is expected to deliver up to 50% cost savings in energy consumption, compared to conventional building chiller plants. Raffles City Chongqing will enjoy lower energy usage with about S$30 million savings over 20 years. Tenants of Raffles City Chongqing will enjoy the same round-the- clock availability and high reliability as the consumers in Marina Bay Singapore. 3. Mr Wong Kim Yin, Group CEO of Singapore Power, said, “Singapore Power is excited to partner CapitaLand for Raffles City Chongqing. With our expertise in advanced energy-efficient cooling networks, we are confident Raffles City Chongqing will set a new benchmark in sustainability. Advanced energy-efficient cooling networks are uniquely suited to serve China’s drive towards urbanisation and clean development. Singapore Power will grow this business with high priority, leveraging our advanced engineering capabilities and our successful track in Marina Bay Singapore.” 4. Mr Lim Ming Yan, President & Group CEO of CapitaLand Limited, said: “CapitaLand is one of the pioneer adopters of green building standards because we strongly believe sustainability is a continuous process that is integral to our business. As internationally recognised urban icons of excellence, Raffles City developments attest to CapitaLand’s commitment to develop user-centric built environments to improve the economic, environmental and social well-being of our stakeholders. We look forward to partnering Singapore Power in implementing this advanced energy-efficient district cooling system at Raffles City Chongqing – the single biggest development in Chongqing to date to adopt the system – which will enable us to avoid incurring about S$30 million in utility cost over 20 years and eventually benefit our tenants in the long run.” 5. Singapore Power has a strong track record in delivering advanced energy-efficient cooling services to developments at the Marina Bay business district since May 2006. With extensive development capabilities in designing, construction and commissioning, its district cooling footprint spans a service area of 1.6 million m2, including commercial, hotels, apartments, office and retail buildings. Leveraging its advanced engineering and technology, SP has delivered up to 50% energy savings compared to in-building chiller systems. --- About Singapore Power Singapore Power Group (SP) is a leading energy utility group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia. More than 1.4 million industrial, commercial and residential customers in Singapore benefit from SP’s world-class transmission, distribution and market support services. The networks in Singapore are amongst the most reliable and cost-effective worldwide. For more information, please visit www.singaporepower.com.sg. About CapitaLand Limited CapitaLand Limited is one of Asia’s largest real estate companies headquartered and listed in Singapore. The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. The company also has one of the largest real estate fund management businesses with assets located in Asia. CapitaLand’s listed real estate investment trusts are Ascott Residence Trust, CapitaLand Commercial Trust, CapitaLand Mall Trust, CapitaLand Retail China Trust and CapitaMalls Malaysia Trust. Issued by: Singapore Power Limited 10 PasirPanjang Road #03-01 Mapletree Business City Singapore 117438 Co. RegNo : 199406577N www.singaporepower.com.sg -- End -- Media Release - Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqinghttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/b786435d-a2d8-41c9-a16a-e3c18a5a56ca/%5B20150520%5D+Media+Release+-+Singapore+Power+To+Build+Advanced+Energy+Efficient+Cooling+Network+For+Capitaland's+Raffles+City+Chongqing.pdf?MOD=AJPERES&CVID= 20 May 2015 News Release For immediate release SINGAPORE POWER TO BUILD ADVANCED ENERGY-EFFICIENT COOLING NETWORK FOR CAPITALAND’S RAFFLES CITY CHONGQING Landmark agreement marks Singapore Power’s first district cooling network in China Singapore, 20 May 2015 – Singapore Power (SP) today signed an agreement with CapitaLand Limited (CapitaLand) for the delivery of district cooling for Raffles City Chongqing. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing. The district cooling system will deliver high-quality air conditioning services to consumers through an integrated underground pipe network. 2. Singapore Power’s advanced energy-efficient cooling network is expected to deliver up to 50% cost savings in energy consumption, compared to conventional building chiller plants. Raffles City Chongqing will enjoy lower energy usage with about S$30 million savings over 20 years. Tenants of Raffles City Chongqing will enjoy the same round-theclock availability and high reliability as the consumers in Marina Bay Singapore. 3. Mr Wong Kim Yin, Group CEO of Singapore Power, said, “Singapore Power is excited to partner CapitaLand for Raffles City Chongqing. With our expertise in advanced energy-efficient cooling networks, we are confident Raffles City Chongqing will set a new benchmark in sustainability. Advanced energy-efficient cooling networks are uniquely suited to serve China’s drive towards urbanisation and clean development. Singapore Power will grow this business with high priority, leveraging our advanced engineering capabilities and our successful track in Marina Bay Singapore.” 4. Mr Lim Ming Yan, President & Group CEO of CapitaLand Limited, said: “CapitaLand is one of the pioneer adopters of green building standards because we strongly believe sustainability is a continuous process that is integral to our business. As internationally recognised urban icons of excellence, Raffles City developments attest to CapitaLand’s commitment to develop user-centric built environments to improve the economic, environmental and social well-being of our stakeholders. We look forward to partnering Singapore Power in implementing this advanced energy-efficient district cooling system at Raffles City Chongqing – the single biggest development in Chongqing to date to adopt the system – which will enable us to avoid incurring about S$30 million in utility cost over 20 years and eventually benefit our tenants in the long run.” 1 5. Singapore Power has a strong track record in delivering advanced energy-efficient cooling services to developments at the Marina Bay business district since May 2006. With extensive development capabilities in designing, construction and commissioning, its district cooling footprint spans a service area of 1.6 million m 2 , including commercial, hotels, apartments, office and retail buildings. Leveraging its advanced engineering and technology, SP has delivered up to 50% energy savings compared to in-building chiller systems. --- Media contacts: Evelyn Yeo, Edelman • Phone: +65 6347 2359 or +65 9367 6017 • Email: evelyn.yeo@edelman.com Warren Wu, Corporate Affairs, Singapore Power Ltd • Phone: +65 6378 8779 or +65 9170 0175 • Email: warrenwu@singaporepower.com.sg Tan Bee Leng, Head, Group Communications, CapitaLand Limited • Phone: +65 6713 2871 • Email: tan.beeleng@capitaland.com About Singapore Power Singapore Power Group (SP) is a leading energy utility group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia. More than 1.4 million industrial, commercial and residential customers in Singapore benefit from SP’s world-class transmission, distribution and market support services. The networks in Singapore are amongst the most reliable and cost-effective worldwide. For more information, please visit www.singaporepower.com.sg. About CapitaLand Limited CapitaLand Limited is one of Asia’s largest real estate companies headquartered and listed in Singapore. The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. The company also has one of the largest real estate fund management businesses with assets located in Asia. CapitaLand’s listed real estate investment trusts are Ascott Residence Trust, CapitaLand Commercial Trust, CapitaLand Mall Trust, CapitaLand Retail China Trust and CapitaMalls Malaysia Trust. 2 Issued by: Singapore Power Limited 10 PasirPanjang Road #03-01 Mapletree Business City Singapore 117438 Co. RegNo : 199406577N www.singaporepower.com.sg -- end – 3 Agreement Between Chongqing Yuzhong Government And Singapore Power To Provide The City With Efficient Energy Solutionshttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Agreement-Between-Chongqing-Yuzhong-Government-And-Singapore-Power-To-Provide-The-City-With-Efficient-Energy-Solutions Media Release Agreement Between Chongqing Yuzhong Government And Singapore Power To Provide The City With Efficient Energy Solutions Chongqing, August 1 2016 – Singapore Power (SP) today signed an agreement with Chongqing Yuzhong municipal government to implement technological solutions for energysaving and emission-reducing initiatives. It will draw upon SP’s experience in operating an advanced energy-efficient cooling network that delivers as much as 40 per cent energy savings for its customers in the major financial and convention centre in Marina Bay, Singapore. These sustainable solutions from Singapore will contribute towards creating a high quality, urban lifestyle for residents of Chongqing. Hu Wantai, Deputy Secretary and Governor of Yuzhong District, Chongqing, said: "Singapore Power, as a leading energy supply company, is committed to providing customers with reliable, efficient and world-class energy utility services, while looking at sustainable developments. The signing of the strategic cooperation agreement with government of Yuzhong District will bring advanced ideas and experience to the district, providing strong support for industrial upgrading and urban construction. The Yuzhong District government will also uphold the principle of ‘complementing strengths and promoting cooperation for mutual development’ to provide high quality government services and a conducive environment for enterprise development, which will result in a brighter future for Yuzhong District." SP’s Group Chief Executive Officer, Mr Wong Kim Yin, said, “We are privileged to contribute towards the sustainability goals of Chongqing city. In our first project at Raffles City Chongqing, we look forward to providing our expertise and experience from Singapore in running a world-class energy-efficient cooling network. This will contribute towards saving energy and reducing carbon emissions, enabling residents in Chongqing to enjoy a green, high quality urban lifestyle. This will serve the drive in the city and the country towards urbanisation, clean development and a sustainable future.” Last year, SP entered an agreement to provide district cooling services for the upcoming Raffles City Chongqing development which will be completed in 2018. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing – a strategically located integrated development project in the heart of Chongqing’s popular Yuzhong district where the Yangtze and Jialing Rivers meet. Raffles City Chongqing is co-developed by renowned property developers, CapitaLand and Ascendas-Singbridge. Raffles City Chongqing is expected to achieve substantial savings in energy consumption, compared to conventional building chiller plants. Tenants of Raffles City Chongqing will also be able to enjoy the same round-the-clock availability and high reliability as the consumers in Marina Bay Singapore. Mr Lucas Loh, Chief Executive Officer, CapitaLand China, said: “On behalf of CapitaLand Group, I extend my heartiest congratulations to Singapore Power and Chongqing’s Yuzhong District government on their strategic partnership to explore new opportunities in sustainable projects. Chongqing is part of CapitaLand’s five key city clusters in China and we have six properties in this Chinese city with a combined gross floor area of about 1 million square metres. The biggest of these is Raffles City Chongqing, an integrated development comprising retail, residential, serviced residence and hotel components that is under development in Yuzhong District on the prestigious Chao Tian Men site – considered the crown jewel of Chongqing. “Befitting Raffles City Chongqing’s iconic status, we have partnered Singapore Power to provide an advanced district cooling system for the integrated development, which will generate substantial energy savings and utility cost avoidance. We have also tied up with Yuzhong District government to set up a Sino-Singapore Collaboration Centre here to bridge companies to the immense growth opportunities in this fast-growing city. With the rising prominence of Chongqing under the ‘One Belt, One Road’ initiative and as the location of the third China-Singapore government-led project, there is tremendous growth potential in the sustainability sector that both Singapore Power and Yuzhong District can harness. CapitaLand looks forward to seeing all the businesses and people in Yuzhong District benefitting from this synergistic partnership.” With the Raffles City Chongqing as SP’s first foray into China, SP’s success story will definitely continue in China, especially with good partnership between government agencies and the private sector. SP looks forward to helping more enterprises achieve energy efficiency and savings through more cooperation and collaborative opportunities in the future. - Ends -   新加坡能源集团与重庆渝中区政府签订合作备忘录 为渝地区带来高效能源解决方案 中国，重庆 2016 年 8 月 1 日—新加坡能源集团(SP)今日与重庆渝中区市政府正式签署协议， 为重庆地区带来先进的节能减排技术解决方案。此前，新加坡能源为新加坡滨海湾工程打造的 区域供冷系统为整个滨海湾商务中心带来高达 40%的节能效果。在此基础之上，新加坡能源 将借鉴已有的实务经验及先进的可持续发展解决方案，为重庆居民打造高品质的绿色城市生活 方式。 重庆市渝中区委副书记、重庆市渝中区区长扈万泰表示：“新加坡能源集团作为首屈一指的能 源供应企业，一直致力于为客户提供可靠、高效以及可持续发展的世界一流能源公用事业服 务。此次与渝中区政府签订战略合作协议，必将为渝中区带来先进的理念和经验，为渝中的产 业升级、城市建设等方面提供有力的支持。渝中区政府也将秉持‘优势互补、促进合作、共同 发展’的原则，为企业发展提供优质的政务服务和发展环境，携手共赢，建设渝中美好的明 天。” 新加坡能源集团总裁黄锦贤先生表示：“我们很荣幸能够为重庆市的可持续发展做出贡献。重 庆来福士广场作为新加坡能源集团在中国的第一个项目，我们希望以来自新加坡的先进的工程 能力和实务经验提供一个世界级的高效节能制冷网。这将有助于城市节能减排的创新发展，并 为重庆居民打造一个绿色、高品质的城市生活方式。新的节能减排解决方案将推进城市化、清 洁及可持续发展的进程。” 2015 年，新加坡能源公司(SP)与凯德集团签署协议，为位于两江交汇处中心地带的重庆来福 士广场提供区域供冷工程。新加坡能源为重庆来福士广场设计、建造、持有并运营尖端高效节 能供冷系统。该区域供冷系统将通过整合式的地下管网，致力为消费者提供优质的空调服务项 目。重庆来福士广场项目由著名地产商凯德集团及星桥控股共同开发，并将于 2018 年竣工。 相较传统式的内置供冷器机组，新加坡能源的尖端高效节能供冷网预计可实现大幅度能源节 省。 重庆来福士广场的租户将比照新加坡滨海湾的消费者，同样享有高度可靠的 24 小时能源 供应。 凯德中国首席执行官罗臻毓先生表示：“我代表凯德集团，对新加坡能源集团与重庆市渝中区 政府在可持续发展项目建立的战略合作伙伴关系表示衷心地祝贺。重庆是凯德集团在中国的五 4 个主要城市群之一。目前，凯德集团已经在中国的六个城市建有建筑面积约百万平方米的综合 体项目，其中规模最大的是就是位于正在蓬勃发展的重庆市朝天门渝中区地段的重庆来福士广 场项目，它是一个包括了零售，住宅，服务式公寓及酒店等服务的综合商区。” “为了配合来福士广场标志性的地位，我们与新加坡能源集团合作为综合体提供了先进的区 域供冷系统，这将大大节省能效及资源成本。我们还与重庆市渝中区政府共同设立了中国 - 新 加坡合作中心，让企业在这个快速发展的城市中探索新的机遇。随着“一带一路”政策的兴 起，重庆市作为第三个中新政府主导项目地区，其发展显得越发重要。无论是对于新加坡能源 集团还是重庆市渝中区政府，在城市可持续发展领域都存在着巨大的增长潜力。我们希望位于 渝中区的企业和居民可以从此项合作中切身受益。” 随着重庆来福士广场项目的开展，特别是在政府机构与相关部门的支持与帮助之下，新加坡能 源集团将持续为中国带来行之有效的节能减排解决方案，并期待在未来有机会帮助更多企业实 现节能减排。 -- 结束-- Infographic on District Cooling Network Searchhttps://www.spgroup.com.sg/search?tag=raffles-city-chongqing Search Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqinghttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Singapore-Power-To-Build-Advanced-Energy-Efficient-Cooling-Network-For-Capitaland-s-Raffles-City-Chongqing Media Release Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqing Landmark agreement marks Singapore Power’s first district cooling network in China Singapore, 20 May 2015 – Singapore Power (SP) today signed an agreement with CapitaLand Limited (CapitaLand) for the delivery of district cooling for Raffles City Chongqing. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing. The district cooling system will deliver high-quality air conditioning services to consumers through an integrated underground pipe network. 2. Singapore Power’s advanced energy-efficient cooling network is expected to deliver up to 50% cost savings in energy consumption, compared to conventional building chiller plants. Raffles City Chongqing will enjoy lower energy usage with about S$30 million savings over 20 years. Tenants of Raffles City Chongqing will enjoy the same round-the- clock availability and high reliability as the consumers in Marina Bay Singapore. 3. Mr Wong Kim Yin, Group CEO of Singapore Power, said, “Singapore Power is excited to partner CapitaLand for Raffles City Chongqing. With our expertise in advanced energy-efficient cooling networks, we are confident Raffles City Chongqing will set a new benchmark in sustainability. Advanced energy-efficient cooling networks are uniquely suited to serve China’s drive towards urbanisation and clean development. Singapore Power will grow this business with high priority, leveraging our advanced engineering capabilities and our successful track in Marina Bay Singapore.” 4. Mr Lim Ming Yan, President & Group CEO of CapitaLand Limited, said: “CapitaLand is one of the pioneer adopters of green building standards because we strongly believe sustainability is a continuous process that is integral to our business. As internationally recognised urban icons of excellence, Raffles City developments attest to CapitaLand’s commitment to develop user-centric built environments to improve the economic, environmental and social well-being of our stakeholders. We look forward to partnering Singapore Power in implementing this advanced energy-efficient district cooling system at Raffles City Chongqing – the single biggest development in Chongqing to date to adopt the system – which will enable us to avoid incurring about S$30 million in utility cost over 20 years and eventually benefit our tenants in the long run.” 5. Singapore Power has a strong track record in delivering advanced energy-efficient cooling services to developments at the Marina Bay business district since May 2006. With extensive development capabilities in designing, construction and commissioning, its district cooling footprint spans a service area of 1.6 million m2, including commercial, hotels, apartments, office and retail buildings. Leveraging its advanced engineering and technology, SP has delivered up to 50% energy savings compared to in-building chiller systems. --- About Singapore Power Singapore Power Group (SP) is a leading energy utility group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia. More than 1.4 million industrial, commercial and residential customers in Singapore benefit from SP’s world-class transmission, distribution and market support services. The networks in Singapore are amongst the most reliable and cost-effective worldwide. For more information, please visit www.singaporepower.com.sg. About CapitaLand Limited CapitaLand Limited is one of Asia’s largest real estate companies headquartered and listed in Singapore. The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. The company also has one of the largest real estate fund management businesses with assets located in Asia. CapitaLand’s listed real estate investment trusts are Ascott Residence Trust, CapitaLand Commercial Trust, CapitaLand Mall Trust, CapitaLand Retail China Trust and CapitaMalls Malaysia Trust. Issued by: Singapore Power Limited 10 PasirPanjang Road #03-01 Mapletree Business City Singapore 117438 Co. RegNo : 199406577N www.singaporepower.com.sg -- End -- Media Release - Singapore Power To Build Advanced Energy Efficient Cooling Network For Capitaland's Raffles City Chongqinghttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/b786435d-a2d8-41c9-a16a-e3c18a5a56ca/%5B20150520%5D+Media+Release+-+Singapore+Power+To+Build+Advanced+Energy+Efficient+Cooling+Network+For+Capitaland's+Raffles+City+Chongqing.pdf?MOD=AJPERES&CVID= 20 May 2015 News Release For immediate release SINGAPORE POWER TO BUILD ADVANCED ENERGY-EFFICIENT COOLING NETWORK FOR CAPITALAND’S RAFFLES CITY CHONGQING Landmark agreement marks Singapore Power’s first district cooling network in China Singapore, 20 May 2015 – Singapore Power (SP) today signed an agreement with CapitaLand Limited (CapitaLand) for the delivery of district cooling for Raffles City Chongqing. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing. The district cooling system will deliver high-quality air conditioning services to consumers through an integrated underground pipe network. 2. Singapore Power’s advanced energy-efficient cooling network is expected to deliver up to 50% cost savings in energy consumption, compared to conventional building chiller plants. Raffles City Chongqing will enjoy lower energy usage with about S$30 million savings over 20 years. Tenants of Raffles City Chongqing will enjoy the same round-theclock availability and high reliability as the consumers in Marina Bay Singapore. 3. Mr Wong Kim Yin, Group CEO of Singapore Power, said, “Singapore Power is excited to partner CapitaLand for Raffles City Chongqing. With our expertise in advanced energy-efficient cooling networks, we are confident Raffles City Chongqing will set a new benchmark in sustainability. Advanced energy-efficient cooling networks are uniquely suited to serve China’s drive towards urbanisation and clean development. Singapore Power will grow this business with high priority, leveraging our advanced engineering capabilities and our successful track in Marina Bay Singapore.” 4. Mr Lim Ming Yan, President & Group CEO of CapitaLand Limited, said: “CapitaLand is one of the pioneer adopters of green building standards because we strongly believe sustainability is a continuous process that is integral to our business. As internationally recognised urban icons of excellence, Raffles City developments attest to CapitaLand’s commitment to develop user-centric built environments to improve the economic, environmental and social well-being of our stakeholders. We look forward to partnering Singapore Power in implementing this advanced energy-efficient district cooling system at Raffles City Chongqing – the single biggest development in Chongqing to date to adopt the system – which will enable us to avoid incurring about S$30 million in utility cost over 20 years and eventually benefit our tenants in the long run.” 1 5. Singapore Power has a strong track record in delivering advanced energy-efficient cooling services to developments at the Marina Bay business district since May 2006. With extensive development capabilities in designing, construction and commissioning, its district cooling footprint spans a service area of 1.6 million m 2 , including commercial, hotels, apartments, office and retail buildings. Leveraging its advanced engineering and technology, SP has delivered up to 50% energy savings compared to in-building chiller systems. --- Media contacts: Evelyn Yeo, Edelman • Phone: +65 6347 2359 or +65 9367 6017 • Email: evelyn.yeo@edelman.com Warren Wu, Corporate Affairs, Singapore Power Ltd • Phone: +65 6378 8779 or +65 9170 0175 • Email: warrenwu@singaporepower.com.sg Tan Bee Leng, Head, Group Communications, CapitaLand Limited • Phone: +65 6713 2871 • Email: tan.beeleng@capitaland.com About Singapore Power Singapore Power Group (SP) is a leading energy utility group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia. More than 1.4 million industrial, commercial and residential customers in Singapore benefit from SP’s world-class transmission, distribution and market support services. The networks in Singapore are amongst the most reliable and cost-effective worldwide. For more information, please visit www.singaporepower.com.sg. About CapitaLand Limited CapitaLand Limited is one of Asia’s largest real estate companies headquartered and listed in Singapore. The company leverages its significant asset base, design and development capabilities, active capital management strategies, extensive market network and operational capabilities to develop high-quality real estate products and services. Its diversified global real estate portfolio includes integrated developments, shopping malls, serviced residences, offices and homes. Its two core markets are Singapore and China, while Indonesia, Malaysia and Vietnam have been identified as new growth markets. The company also has one of the largest real estate fund management businesses with assets located in Asia. CapitaLand’s listed real estate investment trusts are Ascott Residence Trust, CapitaLand Commercial Trust, CapitaLand Mall Trust, CapitaLand Retail China Trust and CapitaMalls Malaysia Trust. 2 Issued by: Singapore Power Limited 10 PasirPanjang Road #03-01 Mapletree Business City Singapore 117438 Co. RegNo : 199406577N www.singaporepower.com.sg -- end – 3 Agreement Between Chongqing Yuzhong Government And Singapore Power To Provide The City With Efficient Energy Solutionshttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/Agreement-Between-Chongqing-Yuzhong-Government-And-Singapore-Power-To-Provide-The-City-With-Efficient-Energy-Solutions Media Release Agreement Between Chongqing Yuzhong Government And Singapore Power To Provide The City With Efficient Energy Solutions Chongqing, August 1 2016 – Singapore Power (SP) today signed an agreement with Chongqing Yuzhong municipal government to implement technological solutions for energysaving and emission-reducing initiatives. It will draw upon SP’s experience in operating an advanced energy-efficient cooling network that delivers as much as 40 per cent energy savings for its customers in the major financial and convention centre in Marina Bay, Singapore. These sustainable solutions from Singapore will contribute towards creating a high quality, urban lifestyle for residents of Chongqing. Hu Wantai, Deputy Secretary and Governor of Yuzhong District, Chongqing, said: "Singapore Power, as a leading energy supply company, is committed to providing customers with reliable, efficient and world-class energy utility services, while looking at sustainable developments. The signing of the strategic cooperation agreement with government of Yuzhong District will bring advanced ideas and experience to the district, providing strong support for industrial upgrading and urban construction. The Yuzhong District government will also uphold the principle of ‘complementing strengths and promoting cooperation for mutual development’ to provide high quality government services and a conducive environment for enterprise development, which will result in a brighter future for Yuzhong District." SP’s Group Chief Executive Officer, Mr Wong Kim Yin, said, “We are privileged to contribute towards the sustainability goals of Chongqing city. In our first project at Raffles City Chongqing, we look forward to providing our expertise and experience from Singapore in running a world-class energy-efficient cooling network. This will contribute towards saving energy and reducing carbon emissions, enabling residents in Chongqing to enjoy a green, high quality urban lifestyle. This will serve the drive in the city and the country towards urbanisation, clean development and a sustainable future.” Last year, SP entered an agreement to provide district cooling services for the upcoming Raffles City Chongqing development which will be completed in 2018. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing – a strategically located integrated development project in the heart of Chongqing’s popular Yuzhong district where the Yangtze and Jialing Rivers meet. Raffles City Chongqing is co-developed by renowned property developers, CapitaLand and Ascendas-Singbridge. Raffles City Chongqing is expected to achieve substantial savings in energy consumption, compared to conventional building chiller plants. Tenants of Raffles City Chongqing will also be able to enjoy the same round-the-clock availability and high reliability as the consumers in Marina Bay Singapore. Mr Lucas Loh, Chief Executive Officer, CapitaLand China, said: “On behalf of CapitaLand Group, I extend my heartiest congratulations to Singapore Power and Chongqing’s Yuzhong District government on their strategic partnership to explore new opportunities in sustainable projects. Chongqing is part of CapitaLand’s five key city clusters in China and we have six properties in this Chinese city with a combined gross floor area of about 1 million square metres. The biggest of these is Raffles City Chongqing, an integrated development comprising retail, residential, serviced residence and hotel components that is under development in Yuzhong District on the prestigious Chao Tian Men site – considered the crown jewel of Chongqing. “Befitting Raffles City Chongqing’s iconic status, we have partnered Singapore Power to provide an advanced district cooling system for the integrated development, which will generate substantial energy savings and utility cost avoidance. We have also tied up with Yuzhong District government to set up a Sino-Singapore Collaboration Centre here to bridge companies to the immense growth opportunities in this fast-growing city. With the rising prominence of Chongqing under the ‘One Belt, One Road’ initiative and as the location of the third China-Singapore government-led project, there is tremendous growth potential in the sustainability sector that both Singapore Power and Yuzhong District can harness. CapitaLand looks forward to seeing all the businesses and people in Yuzhong District benefitting from this synergistic partnership.” With the Raffles City Chongqing as SP’s first foray into China, SP’s success story will definitely continue in China, especially with good partnership between government agencies and the private sector. SP looks forward to helping more enterprises achieve energy efficiency and savings through more cooperation and collaborative opportunities in the future. - Ends -   新加坡能源集团与重庆渝中区政府签订合作备忘录 为渝地区带来高效能源解决方案 中国，重庆 2016 年 8 月 1 日—新加坡能源集团(SP)今日与重庆渝中区市政府正式签署协议， 为重庆地区带来先进的节能减排技术解决方案。此前，新加坡能源为新加坡滨海湾工程打造的 区域供冷系统为整个滨海湾商务中心带来高达 40%的节能效果。在此基础之上，新加坡能源 将借鉴已有的实务经验及先进的可持续发展解决方案，为重庆居民打造高品质的绿色城市生活 方式。 重庆市渝中区委副书记、重庆市渝中区区长扈万泰表示：“新加坡能源集团作为首屈一指的能 源供应企业，一直致力于为客户提供可靠、高效以及可持续发展的世界一流能源公用事业服 务。此次与渝中区政府签订战略合作协议，必将为渝中区带来先进的理念和经验，为渝中的产 业升级、城市建设等方面提供有力的支持。渝中区政府也将秉持‘优势互补、促进合作、共同 发展’的原则，为企业发展提供优质的政务服务和发展环境，携手共赢，建设渝中美好的明 天。” 新加坡能源集团总裁黄锦贤先生表示：“我们很荣幸能够为重庆市的可持续发展做出贡献。重 庆来福士广场作为新加坡能源集团在中国的第一个项目，我们希望以来自新加坡的先进的工程 能力和实务经验提供一个世界级的高效节能制冷网。这将有助于城市节能减排的创新发展，并 为重庆居民打造一个绿色、高品质的城市生活方式。新的节能减排解决方案将推进城市化、清 洁及可持续发展的进程。” 2015 年，新加坡能源公司(SP)与凯德集团签署协议，为位于两江交汇处中心地带的重庆来福 士广场提供区域供冷工程。新加坡能源为重庆来福士广场设计、建造、持有并运营尖端高效节 能供冷系统。该区域供冷系统将通过整合式的地下管网，致力为消费者提供优质的空调服务项 目。重庆来福士广场项目由著名地产商凯德集团及星桥控股共同开发，并将于 2018 年竣工。 相较传统式的内置供冷器机组，新加坡能源的尖端高效节能供冷网预计可实现大幅度能源节 省。 重庆来福士广场的租户将比照新加坡滨海湾的消费者，同样享有高度可靠的 24 小时能源 供应。 凯德中国首席执行官罗臻毓先生表示：“我代表凯德集团，对新加坡能源集团与重庆市渝中区 政府在可持续发展项目建立的战略合作伙伴关系表示衷心地祝贺。重庆是凯德集团在中国的五 4 个主要城市群之一。目前，凯德集团已经在中国的六个城市建有建筑面积约百万平方米的综合 体项目，其中规模最大的是就是位于正在蓬勃发展的重庆市朝天门渝中区地段的重庆来福士广 场项目，它是一个包括了零售，住宅，服务式公寓及酒店等服务的综合商区。” “为了配合来福士广场标志性的地位，我们与新加坡能源集团合作为综合体提供了先进的区 域供冷系统，这将大大节省能效及资源成本。我们还与重庆市渝中区政府共同设立了中国 - 新 加坡合作中心，让企业在这个快速发展的城市中探索新的机遇。随着“一带一路”政策的兴 起，重庆市作为第三个中新政府主导项目地区，其发展显得越发重要。无论是对于新加坡能源 集团还是重庆市渝中区政府，在城市可持续发展领域都存在着巨大的增长潜力。我们希望位于 渝中区的企业和居民可以从此项合作中切身受益。” 随着重庆来福士广场项目的开展，特别是在政府机构与相关部门的支持与帮助之下，新加坡能 源集团将持续为中国带来行之有效的节能减排解决方案，并期待在未来有机会帮助更多企业实 现节能减排。 -- 结束-- Infographic on District Cooling Network Media Release - Agreement Between Chongqing Yuzhong Government And Singapore Power To Provide The City With Efficient Energy Solutionshttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/a34e0cee-c9ba-408c-aa18-0da14672c25d/%5B20160802%5D+Media+Release+-+Agreement+Between+Chongqing+Yuzhong+Government+And+Singapore+Power+To+Provide+The+City+With+Efficient+Energy+Solutions.pdf?MOD=AJPERES&CVID= AGREEMENT BETWEEN CHONGQING YUZHONG GOVERNMENT AND SINGAPORE POWER TO PROVIDE THE CITY WITH EFFICIENT ENERGY SOLUTIONS Chongqing, August 1 2016 – Singapore Power (SP) today signed an agreement with Chongqing Yuzhong municipal government to implement technological solutions for energysaving and emission-reducing initiatives. It will draw upon SP’s experience in operating an advanced energy-efficient cooling network that delivers as much as 40 per cent energy savings for its customers in the major financial and convention centre in Marina Bay, Singapore. These sustainable solutions from Singapore will contribute towards creating a high quality, urban lifestyle for residents of Chongqing. 2. Hu Wantai, Deputy Secretary and Governor of Yuzhong District, Chongqing, said: "Singapore Power, as a leading energy supply company, is committed to providing customers with reliable, efficient and world-class energy utility services, while looking at sustainable developments. The signing of the strategic cooperation agreement with government of Yuzhong District will bring advanced ideas and experience to the district, providing strong support for industrial upgrading and urban construction. The Yuzhong District government will also uphold the principle of ‘complementing strengths and promoting cooperation for mutual development’ to provide high quality government services and a conducive environment for enterprise development, which will result in a brighter future for Yuzhong District." 3. SP’s Group Chief Executive Officer, Mr Wong Kim Yin, said, “We are privileged to contribute towards the sustainability goals of Chongqing city. In our first project at Raffles City Chongqing, we look forward to providing our expertise and experience from Singapore in running a world-class energy-efficient cooling network. This will contribute towards saving energy and reducing carbon emissions, enabling residents in Chongqing to enjoy a green, high quality urban lifestyle. This will serve the drive in the city and the country towards urbanisation, clean development and a sustainable future.” 4. Last year, SP entered an agreement to provide district cooling services for the upcoming Raffles City Chongqing development which will be completed in 2018. SP will design, build, own and operate an advanced energy-efficient cooling system for Raffles City Chongqing – a strategically located integrated development project in the heart of Chongqing’s popular Yuzhong district where the Yangtze and Jialing Rivers meet. Raffles City Chongqing is co-developed by renowned property developers, CapitaLand and Ascendas-Singbridge. 1 5. Raffles City Chongqing is expected to achieve substantial savings in energy consumption, compared to conventional building chiller plants. Tenants of Raffles City Chongqing will also be able to enjoy the same round-the-clock availability and high reliability as the consumers in Marina Bay Singapore. 6. Mr Lucas Loh, Chief Executive Officer, CapitaLand China, said: “On behalf of CapitaLand Group, I extend my heartiest congratulations to Singapore Power and Chongqing’s Yuzhong District government on their strategic partnership to explore new opportunities in sustainable projects. Chongqing is part of CapitaLand’s five key city clusters in China and we have six properties in this Chinese city with a combined gross floor area of about 1 million square metres. The biggest of these is Raffles City Chongqing, an integrated development comprising retail, residential, serviced residence and hotel components that is under development in Yuzhong District on the prestigious Chao Tian Men site – considered the crown jewel of Chongqing. 7. “Befitting Raffles City Chongqing’s iconic status, we have partnered Singapore Power to provide an advanced district cooling system for the integrated development, which will generate substantial energy savings and utility cost avoidance. We have also tied up with Yuzhong District government to set up a Sino-Singapore Collaboration Centre here to bridge companies to the immense growth opportunities in this fast-growing city. With the rising prominence of Chongqing under the ‘One Belt, One Road’ initiative and as the location of the third China-Singapore government-led project, there is tremendous growth potential in the sustainability sector that both Singapore Power and Yuzhong District can harness. CapitaLand looks forward to seeing all the businesses and people in Yuzhong District benefitting from this synergistic partnership.” 8. With the Raffles City Chongqing as SP’s first foray into China, SP’s success story will definitely continue in China, especially with good partnership between government agencies and the private sector. SP looks forward to helping more enterprises achieve energy efficiency and savings through more cooperation and collaborative opportunities in the future. - Ends - 2 新 加 坡 能 源 集 团 与 重 庆 渝 中 区 政 府 签 订 合 作 备 忘 录 为 渝 地 区 带 来 高 效 能 源 解 决 方 案 中 国 , 重 庆 2016 年 8 月 1 日 — 新 加 坡 能 源 集 团 (SP) 今 日 与 重 庆 渝 中 区 市 政 府 正 式 签 署 协 议 , 为 重 庆 地 区 带 来 先 进 的 节 能 减 排 技 术 解 决 方 案 。 此 前 , 新 加 坡 能 源 为 新 加 坡 滨 海 湾 工 程 打 造 的 区 域 供 冷 系 统 为 整 个 滨 海 湾 商 务 中 心 带 来 高 达 40% 的 节 能 效 果 。 在 此 基 础 之 上 , 新 加 坡 能 源 将 借 鉴 已 有 的 实 务 经 验 及 先 进 的 可 持 续 发 展 解 决 方 案 , 为 重 庆 居 民 打 造 高 品 质 的 绿 色 城 市 生 活 方 式 。 重 庆 市 渝 中 区 委 副 书 记 、 重 庆 市 渝 中 区 区 长 扈 万 泰 表 示 :“ 新 加 坡 能 源 集 团 作 为 首 屈 一 指 的 能 源 供 应 企 业 , 一 直 致 力 于 为 客 户 提 供 可 靠 、 高 效 以 及 可 持 续 发 展 的 世 界 一 流 能 源 公 用 事 业 服 务 。 此 次 与 渝 中 区 政 府 签 订 战 略 合 作 协 议 , 必 将 为 渝 中 区 带 来 先 进 的 理 念 和 经 验 , 为 渝 中 的 产 业 升 级 、 城 市 建 设 等 方 面 提 供 有 力 的 支 持 。 渝 中 区 政 府 也 将 秉 持 ‘ 优 势 互 补 、 促 进 合 作 、 共 同 发 展 ’ 的 原 则 , 为 企 业 发 展 提 供 优 质 的 政 务 服 务 和 发 展 环 境 , 携 手 共 赢 , 建 设 渝 中 美 好 的 明 天 。” 新 加 坡 能 源 集 团 总 裁 黄 锦 贤 先 生 表 示 :“ 我 们 很 荣 幸 能 够 为 重 庆 市 的 可 持 续 发 展 做 出 贡 献 。 重 庆 来 福 士 广 场 作 为 新 加 坡 能 源 集 团 在 中 国 的 第 一 个 项 目 , 我 们 希 望 以 来 自 新 加 坡 的 先 进 的 工 程 能 力 和 实 务 经 验 提 供 一 个 世 界 级 的 高 效 节 能 制 冷 网 。 这 将 有 助 于 城 市 节 能 减 排 的 创 新 发 展 , 并 为 重 庆 居 民 打 造 一 个 绿 色 、 高 品 质 的 城 市 生 活 方 式 。 新 的 节 能 减 排 解 决 方 案 将 推 进 城 市 化 、 清 洁 及 可 持 续 发 展 的 进 程 。” 2015 年 , 新 加 坡 能 源 公 司 (SP) 与 凯 德 集 团 签 署 协 议 , 为 位 于 两 江 交 汇 处 中 心 地 带 的 重 庆 来 福 士 广 场 提 供 区 域 供 冷 工 程 。 新 加 坡 能 源 为 重 庆 来 福 士 广 场 设 计 、 建 造 、 持 有 并 运 营 尖 端 高 效 节 能 供 冷 系 统 。 该 区 域 供 冷 系 统 将 通 过 整 合 式 的 地 下 管 网 , 致 力 为 消 费 者 提 供 优 质 的 空 调 服 务 项 目 。 重 庆 来 福 士 广 场 项 目 由 著 名 地 产 商 凯 德 集 团 及 星 桥 控 股 共 同 开 发 , 并 将 于 2018 年 竣 工 。 相 较 传 统 式 的 内 置 供 冷 器 机 组 , 新 加 坡 能 源 的 尖 端 高 效 节 能 供 冷 网 预 计 可 实 现 大 幅 度 能 源 节 省 。 重 庆 来 福 士 广 场 的 租 户 将 比 照 新 加 坡 滨 海 湾 的 消 费 者 , 同 样 享 有 高 度 可 靠 的 24 小 时 能 源 供 应 。 凯 德 中 国 首 席 执 行 官 罗 臻 毓 先 生 表 示 :“ 我 代 表 凯 德 集 团 , 对 新 加 坡 能 源 集 团 与 重 庆 市 渝 中 区 政 府 在 可 持 续 发 展 项 目 建 立 的 战 略 合 作 伙 伴 关 系 表 示 衷 心 地 祝 贺 。 重 庆 是 凯 德 集 团 在 中 国 的 五 3 个 主 要 城 市 群 之 一 。 目 前 , 凯 德 集 团 已 经 在 中 国 的 六 个 城 市 建 有 建 筑 面 积 约 百 万 平 方 米 的 综 合 体 项 目 , 其 中 规 模 最 大 的 是 就 是 位 于 正 在 蓬 勃 发 展 的 重 庆 市 朝 天 门 渝 中 区 地 段 的 重 庆 来 福 士 广 场 项 目 , 它 是 一 个 包 括 了 零 售 , 住 宅 , 服 务 式 公 寓 及 酒 店 等 服 务 的 综 合 商 区 。” “ 为 了 配 合 来 福 士 广 场 标 志 性 的 地 位 , 我 们 与 新 加 坡 能 源 集 团 合 作 为 综 合 体 提 供 了 先 进 的 区 域 供 冷 系 统 , 这 将 大 大 节 省 能 效 及 资 源 成 本 。 我 们 还 与 重 庆 市 渝 中 区 政 府 共 同 设 立 了 中 国 - 新 加 坡 合 作 中 心 , 让 企 业 在 这 个 快 速 发 展 的 城 市 中 探 索 新 的 机 遇 。 随 着 “ 一 带 一 路 ” 政 策 的 兴 起 , 重 庆 市 作 为 第 三 个 中 新 政 府 主 导 项 目 地 区 , 其 发 展 显 得 越 发 重 要 。 无 论 是 对 于 新 加 坡 能 源 集 团 还 是 重 庆 市 渝 中 区 政 府 , 在 城 市 可 持 续 发 展 领 域 都 存 在 着 巨 大 的 增 长 潜 力 。 我 们 希 望 位 于 渝 中 区 的 企 业 和 居 民 可 以 从 此 项 合 作 中 切 身 受 益 。” 随 着 重 庆 来 福 士 广 场 项 目 的 开 展 , 特 别 是 在 政 府 机 构 与 相 关 部 门 的 支 持 与 帮 助 之 下 , 新 加 坡 能 源 集 团 将 持 续 为 中 国 带 来 行 之 有 效 的 节 能 减 排 解 决 方 案 , 并 期 待 在 未 来 有 机 会 帮 助 更 多 企 业 实 现 节 能 减 排 。 -- 结 束 – 4 Infographic on District Cooling Network 5 SP Group Acquires ENGIE's 40 Per Cent Stake in Chongqing Sino-French Energy Serviceshttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-Acquires-ENGIE-s-40-Per-Cent-Stake-in-Chongqing-Sino-French-Energy-Services News Release SP Group Acquires ENGIE's 40 Per Cent Stake in Chongqing Sino-French Energy Services Singapore, 20 January 2021 – SP Group (SP) today announced an agreement with ENGIE SA, to acquire ENGIE’s 40 per cent stake in Sino-French Energy Services Co. Ltd (SFES) in Chongqing, China. This is SP’s first acquisition of energy assets in China, growing the company’s China presence with sustainable energy solutions. SP’s Group Chief Executive Officer, Mr Stanley Huang, said, “The acquisition of ENGIE’s stake in SFES strengthens SP Group’s District Cooling and Heating presence in Chongqing and expands our capabilities into Combined Cooling Heating and Power (CCHP) offerings for the hospital segment. Together with Chongqing Gas Group, we will continue to play a key role in supporting the hospitals to adopt more energy efficient CCHP and grow the CCHP market share.” Established in 2010, SFES was a joint venture company between ENGIE and Chongqing Gas Group, a state-owned enterprise that owns 80 per cent of Chongqing’s gas distribution network. SFES is the market leader for CCHP solutions in Chongqing. It operates CCHP solutions deployed in three of the city’s hospitals as well as a District Cooling and Heating plant that serves the Chongqing Danzishi Central Business District. The district is located 2.7 kilometres across the Yangtze river from SP’s integrated cooling and heating plant in Raffles City Chongqing. SP Group runs an advanced energy-efficient cooling and heating system for Raffles City Chongqing, that commenced operations in September 2019. SP’s cooling operations enables Raffles City Chongqing to reduce energy consumption by more than 40 per cent, compared to conventional building chiller plants. Besides Chongqing, new partnerships and collaborations are taking root in Shanghai and Guangzhou. In August 2020, SP signed an agreement with the Sino-Singapore Guangzhou Knowledge City (GKC) to develop district cooling and heating solutions for the Knowledge Tower in GKC. In October, SP inked a Memorandum of Understanding with State Grid Shanghai Energy Services to study the feasibility of jointly developing and investing in integrated energy projects to bring sustainable energy solutions to customers in Shanghai. SP Group currently has three offices in China (Shanghai, Guangzhou and Chongqing), with its China headquarters located in Shanghai. About SP Group SP Group is a leading utilities group in the Asia Pacific, enabling a low-carbon, smart energy future 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 energy solutions such as cooling and heating systems for business districts and residential townships, electric vehicle fast charging and green digital energy management tools for customers in Singapore and the region. For more information, please visit spgroup.com.sg or follow us on Facebook at fb.com/SPGroupSG, on LinkedIn at spgrp.sg/linkedin and on Twitter @SPGroupSG. Sustainabilityhttps://www.spgroup.com.sg/about-us/media-resources/energy-hub/sustainability/Imprinting-the-SP-DNA-in-Chongqing-China SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Imprinting the SP DNA in Chongqing, China SUSTAINABILITY Chief of Operations for Cooling at SP’s Sustainable Energy Solutions, Ang Chee Keong, at SP’s district cooling plant at Marina Bay. “Staying cool” has been Ang Chee Keong’s key mission over the last 12 years in SP Group (SP), after he left his previous role as an oil terminal manager at a power generation company. The Chief of Operations for Cooling at SP’s Sustainable Energy Solutions played an instrumental role in implementing the world’s largest underground district cooling system in Singapore, at the Marina Bay area. He was also a part of the management team that led the export of SP’s district cooling system and expertise to Chongqing, China. When SP secured the project to build and maintain district cooling facilities at Raffles City Chongqing – a 1.12 million square metre megastructure consisting of a shopping mall, office space, residential apartments, serviced residence and hotel – Chee Keong was tasked to lead the operations team, which saw him relocating to Chongqing for three and a half years. Ang Chee Keong, Chief of Operations for Cooling in Sustainable Energy Solutions addressing his team at the district cooling plant, serving Raffles City Chongqing in China. While Chee Keong settled into his new living environment fairly quickly, the move was not without worry. He had to be away from his wife and three children who could not join him due to practical considerations over her career and education respectively. Chee Keong had to manage the difference in work culture at first, such as the modus operandi of contractors in Chongqing. However, he soon adapted and subsequently shared his learnings with the team who succeeded his work there. One of the greatest satisfaction for Chee Keong was leaving behind SP’s DNA. From operations philosophies to best management practices, Raffles City Chongqing district cooling network provides chilled water for air-conditioning of the buildings, which helps the customer save up to 50 per cent on their energy consumption. SP’s district cooling team in Chongqing, China. “Besides the plant structure and asset interfaces, we also have a strong emphasis on good equipment design and ‘people-centric’ approach in the way we do things,” said Chee Keong.  Since Chee Keong returned to Singapore in January this year, he has been providing remote support to the Chongqing team as they ease into assuming more responsibilities. He is also developing new innovative solutions and is excited to explore integrating useful technologies from China to local projects.  Now that he is surrounded by his favourite local food again, Chee Keong tries to stay fit and go green by cycling to work when he can. Looks like the ‘sustainability’ DNA of our district system left an indelible mark on Chee Keong’s lifestyle too! — 31 August 2020 TAGS SUSTAINABILITYDISTRICT COOLINGRAFFLES CITY CHONGQING YOU MIGHT BE INTERESTED TO READ SP Group expands sustainable energy operations in China with Chongqing Transport Hub project win STMicroelectronics enhances sustainability with chiller cooling system at Toa Payoh SP signs PPA with BASF for rooftop solar deployment Category: Sustainability SP Group Partners Sino-Singapore Guangzhou Knowledge City To Provide District Cooling, Heating & Energy Saving Solutionshttps://www.spgroup.com.sg/about-us/media-resources/news-and-media-releases/SP-Group-Partners-Sino-Singapore-Guangzhou-Knowledge-City-To-Provide-District-Cooling--Heating---Energy-Saving-Solutions Media Release SP Group Partners Sino-Singapore Guangzhou Knowledge City To Provide District Cooling, Heating & Energy Saving Solutions Singapore & China, 18 November 2019 – SP Group (SP) today announced its partnership with the Sino-Singapore Guangzhou Knowledge City Investment and Development Co. Ltd (GKC Co). The objective is to provide district cooling and heating, and smart and clean energy solutions at the China-Singapore Guangzhou Knowledge City (CSGKC). GKC Co is a 50-50 joint venture company established by the Guangzhou Development District Administrative Committee and CapitaLand. The Memorandum of Understanding was signed by SP Group and GKC Co at the 10th SingaporeGuangdong Collaboration Council (SGCC) meeting, co-chaired by Mr. Ma Xingrui, Guangdong Governor and Mr. Ong Ye Kung, Minister for Education, Singapore, and supported by Enterprise Singapore. The implementation of the district cooling and heating networks, and other sustainable energy solutions such as solar, energy storage, energy efficiency and integrated energy management systems will enable CSGKC to enjoy substantial energy and cost savings. This will translate to a cleaner and more sustainable energy future for CSGKC and for Guangzhou city. Mr Wong Kim Yin, Group Chief Executive Officer of SP Group said: “We are privileged to partner the Guangzhou government and CapitaLand and contribute to the China-Singapore Guangzhou Knowledge City project. SP Group is committed to providing customers innovative, sustainable solutions to save energy and reduce cost. Our experience with Raffles City Chongqing and Singapore’s Marina Bay has demonstrated that our technology and operations can help customers achieve 50 per cent energy and cost savings and reduce carbon emissions. At the same time, we enhance reliability and enable customers to enjoy a high-quality sustainable lifestyle.” In September this year, Raffles City Chongqing, where SP Group operates its advanced energyefficient cooling and heating system, commenced operations. SP’s cooling operations enable Raffles City Chongqing to achieve up to 50 per cent savings in energy consumption, 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- Notes to Editor About SP Group SP Group is a leading energy utilities group in the Asia Pacific. It owns and operates electricity and gas transmission and distribution businesses in Singapore and Australia, and district cooling businesses in Singapore and China. SP Group is committed to providing customers with reliable and efficient energy utilities services. About 1.5 million industrial, commercial and residential customers in Singapore benefit from SP Group’s world-class transmission, distribution and market support services. These networks are amongst the most reliable and cost-effective world-wide. SP Group also drives digital solutions to empower customers to manage their utilities, reduce consumption and save cost. For more information, please visit spgroup.com.sg or follow us on Facebook at fb.com/SPGroupSG and on Twitter @SPGroupSG. SP Group Chinahttps://www.spgroup.com.sg/about-us/international/china OverviewChinaVietnamThailandAustralia China With China leading sustainable development on the global stage, this presents a new growth engine for SP Group to deploy district cooling, heating and integrated energy solutions to meet customers' sustainability goals. Following our first foray in China in 2015 and partnerships taking root in major cities, we have built up a strong project pipeline and set up three offices - in Shanghai as headquarters, Guangzhou and Chongqing. Visit our China website Raffles City Chongqing SP Group [SP] inked a 20-year deal in 2015 to design, build, own and operate a district heating and cooling system for CapitaLand's Raffles City Chongqing, an iconic integrated development comprising a shopping mall, a hotel, office towers, residences and service residences. SP's operations commenced in September 2019, enabling Raffles City Chongqing to reduce energy consumption by more than 40 per cent, compared to conventional building chiller plants. Chongqing Sino-Singapore Energy Services In 2021, SP Group acquired a 40 per cent stake in Sino-French Energy Services Co. Ltd (SFES) in Chongqing to form Sino-Singapore Energy Services Co. Ltd (SSES). This is SP's first acquisition of energy assets in China, growing the company's China presence with sustainable energy solutions.​ SSES is the market leader for Combined Cooling Heating and Power (CCHP) solutions in Chongqing. It operates CCHP solutions deployed in three of the city's hospitals as well as a district cooling and heating plant that serves the Chongqing Danzishi Central Business District.​ The acquisition strengthens SP's district cooling and heating presence in Chongqing and expands our capabilities in CCHP offerings as we grow our sustainable energy solutions in China. Guangzhou Knowledge City SP Group is working with the Sino-Singapore Guangzhou Knowledge City Investment and Development Co. Ltd to provide district cooling and heating, and smart energy solutions at the China-Singapore Guangzhou Knowledge City [GKC]. The implementation of district cooling and heating networks, and other sustainable energy solutions such as solar, energy storage, energy efficiency and integrated energy management systems will enable GKC to enjoy substantial energy and cost savings. This will translate to a cleaner and more sustainable energy future for GKC and for Guangzhou city. State Grid Chongqing Integrated Energy Services SP Group and State Grid Chongqing Integrated Energy Services formed a partnership to jointly develop integrated energy projects that deliver smart, efficient energy management solutions. This is aimed at meeting the evolving operational needs and green targets of customers in Chongqing, China. Through this collaboration both parties aim to drive innovation and capabilities towards achieving carbon neutrality for the city by providing customers with a comprehensive suite of clean and efficient energy solutions. Smart Eco-District In Chengdu SP Group is partnering the People's Government of Wuhou District, Chengdu, to transform the largest of five city centre districts in Chengdu, to a smart eco-district. SP will serve as the sustainable energy solutions partner to the district government and support the city's roadmap to carbon neutrality by developing and implementing technologies and digital solutions such as advanced data analytics and artificial intelligence tools. In the first phase under the partnership, SP will design, build, own and operate an integrated energy solution that includes district cooling and heating system, smart metering, energy management and monitoring for the International Urban Design Centre [IUDC] in Wuhou over the next 25 years. The solution will provide IUDC with real-time insights on their energy and utilities usage data to help them optimise building performance, energy efficiency and comfort for end-users. Photo credit: Three Kingdoms Themed Innovation Park Management Committee of Wuhou District, Chengdu. Agrivoltaics in Dabu County, Guangdong Province SP Group’s first investment in agrivoltaic assets in Guangdong province combines agriculture with solar power generation through efficient land use. Spanning four agricultural sites in Dabu County, Meizhou City, the project taps SP’s expertise in renewable energy to bolster China’s green transition efforts. The 78 megawatt-peak (MWp) solar-plus storage project, when completed in end-2024, will integrate solar photovoltaics with 7.8 MWh battery energy storage systems to enhance grid stability and resilience. The solar assets are expected to contribute 91.3 Gigawatt-hours (GWh) of clean electricity annually to the power grid and reduce over 91,000 tonnes of carbon dioxide emissions each year. To enhance the system’s performance in the long run, SP will also implement digital management solutions to optimise solar energy generation and yield using comprehensive insights and data. Guangdong Lingxiao Pump Industry SP Group’s first Building Integrated Photovoltaic (BIPV) project in China at Guangdong Lingxiao Pump Industry drives clean power generation while saving costs. Spanning an area of 17,000m2, the 4 megawatt-peak (MWp) BIPV rooftop solar system generates solar energy while doubling as a shelter for a carpark that can house 400 cars. The project also extends the rooftop’s lifespan through state-of-the-art thermal insulation technology and a weather-resistant design. Tapping SP’s renewable energy expertise, Guangdong Lingxiao, a global leader in water pumping solutions, is expected to deliver a total of 110 million kWh of clean power over 25 years, or an average of 4.36 million kWh annually. The partnership is also slated to reduce total carbon emissions by nearly 4,500 tonnes each year. Aquavoltaics in Qingdao SP Group and Qingdao Daneng Environmental Protection Equipment Co. Ltd (Qingda Environment) have partnered up to build a 90-Megawatt (MW) aquavoltaic farm that is projected to produce 162 million kilowatt-hours of green electricity annually. The farm will be connected to a hydrogen production facility that will sustainably power Shandong’s first green hydrogen production plant in Qingdao City. The installation of solar photovoltaic (PV) panels across 300 acres – or around 161 soccer fields – of an aquafarm will optimise the land for solar power generation. The project, which could potentially reduce carbon emissions by 160,000 tonnes, is expected to boost Qingda Environment’s sustainability efforts while delivering significant energy and cost savings. International Sports Park City SP Group (SP) has secured the bid to design, build, own and operate a state-of-the-art district cooling and heating system for the new International Sports Park City in Chengdu, China. The project will be SP’s first deployment of an ice thermal energy storage system in China that will provide uninterrupted chilled water supply for cooling services on demand. When operational in 2025, the solution will enable the International Sports Park City – an integrated development with commercial, residential and leisure spaces – to enjoy greater energy efficiency of over 30 per cent for cooling and over 50 per cent for heating. This translates to annual savings of 2,900 Megawatt-hour (MWh) of electricity and reduction of 1,700 tonnes in carbon emissions. With an installed cooling capacity of 9,800 refrigeration tons (RT), this project will be SP’s largest district cooling system in Chengdu, China. Shudu Center SP Group (SP) has acquired Shudu Center’s existing chiller plant to provide the mixed-use development with centralised cooling and heating. As part of the project, SP upgraded the original set-up to a 7,000 refrigeration-tonne (RT) cooling and heating system that serves seven commercial, retail, and office buildings within the 4,400 square metre-complex. The process is enabled by an energy-efficient ice thermal energy storage system that pipes chilled water to cool spaces when electricity demand is high. The solution includes a digital management platform for building owners to remotely track operations and quickly identify areas for maintenance when necessary. There are also space provisions for a further 7,000RT expansion into adjacent developments to provide more sustainable ways of cooling in the surrounding areas. Chongqing East Railway Station Sino-Singapore Energy Services, a joint venture between SP Group and Chongqing Gas Group, is the integrated energy system operator for Chongqing East Railway Station, the largest high-speed railway hub in Western China. The project marks the first time a major high-speed railway hub in the country has appointed a professional third-party energy services provider to manage its energy systems. The integrated energy system spans 360,000 square metres and features a trigeneration setup — combining natural gas-powered electricity generation with high-efficiency chillers to provide cooling, heating and electricity. This includes a cooling and heating capacity of nearly 14,000 refrigeration tonnes. The system also reduces energy consumption by 15% each year and lowers carbon emissions by approximately 9,400 tonnes per year. [20200901] The Business Times - SP Group partners CapitaLand JV to develop energy-saving solutions in Chinahttps://www.spgroup.com.sg/dam/jcr:776a42e9-9358-4556-b1f4-544957259bb1 SP Group partners CapitaLand JV to develop energy-saving solutions in China By Fiona Lam fiolam@sph.com.sg @FionaLamBT Singapore NATIONAL power grid operator SP Group and Sino-Singapore Guangzhou Knowledge City Investment and Development Co (GKC) will develop district cooling, heating and integrated energy solutions in China. These will help GKC’s greenfield master development, the China- Singapore Guangzhou Knowledge City (CSGKC), achieve energy savings. GKC is a joint-venture (JV) company established by CapitaLand and the Guangzhou Development District Administrative Committee. In a press statement on Monday, SP Group announced it had signed an agreement with GKC to set up a JV. This also marks SP Group’s foray into southern China. As part of the agreement, the two parties are working together to develop district cooling and heating solutions for the Knowledge Tower project at the Jiulong lake area, for a start. They will invest in, construct and operate these solutions centred on the smart micro-grids layout, said GKC’s chief executive officer (CEO) Chen Changxin. SP Group and GKC will also integrate sustainable energy solutions, such as distributed energy, energy storage, energy efficiency and energy management systems. These solutions could be extended to other projects in the Sino- Singapore International Technology Innovation Cooperation Demonstration Area within CSGKC, to provide energy and cost savings to more customers. “This will translate to a cleaner and more sustainable energy future for CSGKC and Guangzhou city,” SP Group said in the statement. The energy utilities group’s CEO Stanley Huang noted that its technology and operations at Raffles City Chongqing in China and the Marina Bay financial district in Singapore have helped customers achieve cost savings, and reduce energy consumption. At CapitaLand’s Raffles City Chongqing, SP Group operates its advanced energy-efficient cooling and heating system, which began operations in September last year. This has enabled the mixed-use complex to cut energy consumption by more than 40 per cent, compared to conventional chiller plants for buildings. SP Group also designed and has been operating the underground district cooling system at the Marina Bay financial district since 2006. GKC’s Mr Chen said that GKC is “an important platform for China- Singapore collaboration”. “It is a milestone for us to jointly establish a joint venture to develop the smart energy business,” he added. CapitaLand shares fell S$0.01 or 0.4 per cent to close at S$2.77 on Monday. District Cooling System | SP Grouphttps://www.spgroup.com.sg/sustainable-energy-solutions/district-cooling-and-heating OverviewKey ProjectsContact Us District Cooling & Heating District Cooling & Heating for Sustainable Operations District cooling and heating systems are centralised energy systems which help buildings, districts, and townships improve energy efficiency, lower operational costs and reduce their carbon footprint. As Singapore's largest district cooling operator, SP Group designs, builds and operates district cooling systems for customers across the region. These include Marina Bay in Singapore, the world's largest underground district cooling network and Raffles City Chongqing, the largest shopping mall in Chongqing, China. In partnership with STMicroelectronics (ST), SP Group will design, build, own, and operate Singapore's largest industrial District Cooling System (DCS) with a cooling capacity of up to 36,000 refrigeration tonnes. Read more What is District Cooling and Heating District cooling and heating is an energy-efficient urban utility service that distributes chilled or hot water and supply air-conditioning to a network of buildings, providing comfort and reliability while reducing carbon emissions. Key Benefits Instead of individual buildings having their own chillers, district cooling reaps the benefits of economies of scale by consolidating chiller and heating capacity, operated and maintained by our expert operations team. With attributes similar to public electricity supply, district cooling is an energy- and economically-efficient urban utility service. It presents attractive value propositions to building owners: Round-the-clock availability and support On-demand flexibility High supply reliability More space for alternative use Lower initial and recurrent operating costs Platinum Green Mark Certification Energy assessment on existing and potential savings To view our list of awards, please click here. Click to download the Supply Conditions for District Cooling and the latest Tariff Rates. Key Projects Marina Bay District World's largest underground district cooling network Situated in Singapore’s Marina Bay financial district, the cooling network has achieved zero supply disruptions since 2006. As one of Singapore’s Top 50 Engineering Feats, the network will be expanded and connected to five more buildings to extend the same reliable and sustainable solution to other buildings in Singapore’s core financial district. Expanding to 32 buildings by 2027 Reduces carbon emissions by nearly 22,000 tonnes annually Read MoreWatch Video Tampines Eco Town Singapore's first brownfield district cooling project In highly developed cities like Singapore, majority of land has been built up and individual building owners are already equipped with their own chiller plants. With a Distributed District Cooling (DDC) network – an interconnected cooling system – existing towns and districts may now be able to enjoy a more sustainable way to cool. 7 commercial and community buildings Reduces carbon emissions by more than 1,000 tonnes annually Brownfield District Cooling Feasibility Study: Tampines Central Distributed District Cooling  Download WhitepaperRead moreWatch Video STMicroelectronics (AMK) Singapore's largest industrial district cooling project In partnership with STMicroelectronics (ST), SP Group (SP) will design, build, own, and operate Singapore's largest industrial District Cooling System (DCS) with a cooling capacity of up to 36,000 refrigeration tonnes. The estimated project value of $370 million USD over 20 years, will help the manufacturing company save 20 per cent on cooling-related electricity consumption annually. 5 industrial buildings Reduces carbon emissions by more than 120,000 tonnes annually (Photo credit: STMicroelectronics) Read moreWatch Video Tengah Town Centralised Cooling System Singapore's first centralised cooling public housing township In collaboration with the Housing & Development Board, SP Group will be bringing its first large-scale residential centralised cooling system to Tengah, Singapore’s first smart energy township. Chilled water will be centrally produced from interconnected modular chiller plants built on the rooftops before it is distributed to residential and commercial units for air-conditioning. The centralised cooling system will also be serviced by SP, bringing greater convenience to residents living in Tengah. (Photo credit: HDB) Read moreVisit Microsite Raffles City Chongqing District cooling and heating in China An advanced energy-efficient cooling and heating system was designed and built for Raffles City Chongqing, an iconic integrated development, spanning 1.12 million square metres, comprising a shopping mall, a hotel, office towers, residences and service residences. A megastructure featuring a suite of 8 buildings Reduce energy consumption by more than 40 per cent, compared to conventional building's chiller plants Read more International Sports Park City SP’s largest district cooling system in Chengdu SP Group (SP) has secured a bid to build and operate a state-of-the-art district cooling and heating system for the new International Sports Park City – an integrated development with commercial, residential and leisure spaces in Chengdu, China. The sustainable cooling solution will be enhanced with an ice thermal energy storage system that will strengthen its reliability and performance. This is SP’s first deployment in China of such a system. With an installed cooling capacity of 9,800 refrigeration tonnes, this project will be SP’s largest district cooling system in Chengdu when operational in 2025. Enables energy savings of 2,900 MWh annually Reduces carbon emissions by 1,700 tonnes Delivers greater energy efficiency of over 30% for cooling and over 50% for heating Read more Shudu Center Upgrade to energy-efficient cooling and heating Building on successful projects in Chengdu, SP Group acquired Shudu Center’s existing chiller plant to optimise it for district cooling and heating. The mixed-use development is equipped with a 7,000 refrigeration-tonne cooling and heating system that ensures efficient energy consumption and a sustainable way to work and play in comfort. 7 commercial, retail, and office buildings Covers a land area of 4,400 square metres Government Complex Center Zone C SP's first district cooling project in Thailand SP Group and Banpu NEXT have entered a joint venture to design, build, own and operate a cutting-edge district cooling system at Government Complex Center Zone C in Bangkok, Thailand. As SP’s first district cooling project in Thailand, the integrated development will have a total cooling capacity of up to 14,000 refrigeration tonnes and is expected to achieve results equivalent to removing about 20,000 Internal Combustion Engine cars from the roads over 20 years. Total gross floor area of 660,000 square metres Reduces carbon emissions by up to 3,000 tonnes annually Achieves 20 per cent in energy savings per year Read more International Urban Design Centre China’s first ever district cooling microgrid Under the MOUs signed with Wuhou District government, SP will serve as the sustainable energy solutions partner to the district government with the objective of establishing the district as the benchmark for smart eco-districts in Chengdu. This includes developing and implementing technologies and digital solutions such as advanced data analytics and artificial intelligence tools to support the city’s roadmap to carbon neutrality. Total gross floor area of 630,000 square metres Cooling capacity of 1,950 refregeration tonnes Achieves 35 per cent and 50 per cent in cooling and heating savings per year respectively Read more Chongqing East Railway Station Delivering sustainable energy to Western China’s largest high-speed rail hub Sino-Singapore Energy Services, a joint venture between SP Group and Chongqing Gas Group, is the integrated energy system operator for Chongqing East Railway Station, the largest high-speed railway hub in Western China. The project marks the first time a major high-speed railway hub in the country has appointed a professional third-party energy services provider to manage its energy systems. The integrated energy system spans 360,000 square metres and features a trigeneration setup — combining natural gas-powered electricity generation with high-efficiency chillers to provide cooling, heating and electricity.  Cooling and heating capacity of nearly 14,000 refrigeration tonnes Reduces energy consumption by 15% each year Lowers carbon emissions by approximately 9,400 tonnes per year Read more Additional Media Supply condition for Marina Bay district cooling Latest tariff rates for Marina Bay district cooling Latest News SP Group expands sustainable energy operations in China with Chongqing Transport Hub project win Read more STMicroelectronics enhances sustainability with chiller cooling system at Toa Payoh Read more SP signs PPA with BASF for rooftop solar deployment Read more SP partners State Grid China at International Forum on Power System Transformation 2025 Read more Engineer, 27, shares how she is undaunted by male-dominated energy industry & climbs the ranks Read more SP Digital’s Green Energy Tech (GET) solutions at Airbus Asia Training Centre Read more Launch of Distributed District Cooling network at Tampines Read more Launch of Singapore’s Fastest Public EV Charger at Temasek Polytechnic by SP Mobility and Huawei Read more SP Group launches Tengah’s First Public EV Chargers, Expanding Singapore’s Green Mobility Network Read more S'pore engineer explains why bird poop is so dangerous to solar panels Read more Have a business inquiry? Interested to find out more how our integrated services can serve your business needs? Drop us an online enquiry and our qualified professionals will reach out to you. Contact Us Form Our Integrated Energy Solutions District Cooling & Heating Electric Vehicle Solutions Digital Products Renewable Energy Climate Services Hide Searchhttps://www.spgroup.com.sg/search?tag=district-cooling Search SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/spgroup/pdf/sustainable-energy-solutions/district-cooling-and-heating/SDC-change-of-tariff-wef-1-Nov-2025.pdf SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 NOV 2025 Capacity Charge : $24.23/kWr per month Usage Charge : $0.0651/kWrh SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/spgroup/wcm/connect/spgrp/8ae71105-507f-4abc-8e63-53015ea1dff7/%5BInfo%5D+Tariff+for+District+Cooling+(from+1+May+2022).pdf?MOD=AJPERES&CVID= SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 NOV 2022 Capacity Charge : $21.28/kWr per month Usage Charge : $0.1549/kWrh District Cooling System | SP Grouphttps://www.spgroup.com.sg/sustainable-energy-solutions/district-cooling-and-heating OverviewKey ProjectsContact Us District Cooling & Heating District Cooling & Heating for Sustainable Operations District cooling and heating systems are centralised energy systems which help buildings, districts, and townships improve energy efficiency, lower operational costs and reduce their carbon footprint. As Singapore's largest district cooling operator, SP Group designs, builds and operates district cooling systems for customers across the region. These include Marina Bay in Singapore, the world's largest underground district cooling network and Raffles City Chongqing, the largest shopping mall in Chongqing, China. In partnership with STMicroelectronics (ST), SP Group will design, build, own, and operate Singapore's largest industrial District Cooling System (DCS) with a cooling capacity of up to 36,000 refrigeration tonnes. Read more What is District Cooling and Heating District cooling and heating is an energy-efficient urban utility service that distributes chilled or hot water and supply air-conditioning to a network of buildings, providing comfort and reliability while reducing carbon emissions. Key Benefits Instead of individual buildings having their own chillers, district cooling reaps the benefits of economies of scale by consolidating chiller and heating capacity, operated and maintained by our expert operations team. With attributes similar to public electricity supply, district cooling is an energy- and economically-efficient urban utility service. It presents attractive value propositions to building owners: Round-the-clock availability and support On-demand flexibility High supply reliability More space for alternative use Lower initial and recurrent operating costs Platinum Green Mark Certification Energy assessment on existing and potential savings To view our list of awards, please click here. Click to download the Supply Conditions for District Cooling and the latest Tariff Rates. Key Projects Marina Bay District World's largest underground district cooling network Situated in Singapore’s Marina Bay financial district, the cooling network has achieved zero supply disruptions since 2006. As one of Singapore’s Top 50 Engineering Feats, the network will be expanded and connected to five more buildings to extend the same reliable and sustainable solution to other buildings in Singapore’s core financial district. Expanding to 32 buildings by 2027 Reduces carbon emissions by nearly 22,000 tonnes annually Read MoreWatch Video Tampines Eco Town Singapore's first brownfield district cooling project In highly developed cities like Singapore, majority of land has been built up and individual building owners are already equipped with their own chiller plants. With a Distributed District Cooling (DDC) network – an interconnected cooling system – existing towns and districts may now be able to enjoy a more sustainable way to cool. 7 commercial and community buildings Reduces carbon emissions by more than 1,000 tonnes annually Brownfield District Cooling Feasibility Study: Tampines Central Distributed District Cooling  Download WhitepaperRead moreWatch Video STMicroelectronics (AMK) Singapore's largest industrial district cooling project In partnership with STMicroelectronics (ST), SP Group (SP) will design, build, own, and operate Singapore's largest industrial District Cooling System (DCS) with a cooling capacity of up to 36,000 refrigeration tonnes. The estimated project value of $370 million USD over 20 years, will help the manufacturing company save 20 per cent on cooling-related electricity consumption annually. 5 industrial buildings Reduces carbon emissions by more than 120,000 tonnes annually (Photo credit: STMicroelectronics) Read moreWatch Video Tengah Town Centralised Cooling System Singapore's first centralised cooling public housing township In collaboration with the Housing & Development Board, SP Group will be bringing its first large-scale residential centralised cooling system to Tengah, Singapore’s first smart energy township. Chilled water will be centrally produced from interconnected modular chiller plants built on the rooftops before it is distributed to residential and commercial units for air-conditioning. The centralised cooling system will also be serviced by SP, bringing greater convenience to residents living in Tengah. (Photo credit: HDB) Read moreVisit Microsite Raffles City Chongqing District cooling and heating in China An advanced energy-efficient cooling and heating system was designed and built for Raffles City Chongqing, an iconic integrated development, spanning 1.12 million square metres, comprising a shopping mall, a hotel, office towers, residences and service residences. A megastructure featuring a suite of 8 buildings Reduce energy consumption by more than 40 per cent, compared to conventional building's chiller plants Read more International Sports Park City SP’s largest district cooling system in Chengdu SP Group (SP) has secured a bid to build and operate a state-of-the-art district cooling and heating system for the new International Sports Park City – an integrated development with commercial, residential and leisure spaces in Chengdu, China. The sustainable cooling solution will be enhanced with an ice thermal energy storage system that will strengthen its reliability and performance. This is SP’s first deployment in China of such a system. With an installed cooling capacity of 9,800 refrigeration tonnes, this project will be SP’s largest district cooling system in Chengdu when operational in 2025. Enables energy savings of 2,900 MWh annually Reduces carbon emissions by 1,700 tonnes Delivers greater energy efficiency of over 30% for cooling and over 50% for heating Read more Shudu Center Upgrade to energy-efficient cooling and heating Building on successful projects in Chengdu, SP Group acquired Shudu Center’s existing chiller plant to optimise it for district cooling and heating. The mixed-use development is equipped with a 7,000 refrigeration-tonne cooling and heating system that ensures efficient energy consumption and a sustainable way to work and play in comfort. 7 commercial, retail, and office buildings Covers a land area of 4,400 square metres Government Complex Center Zone C SP's first district cooling project in Thailand SP Group and Banpu NEXT have entered a joint venture to design, build, own and operate a cutting-edge district cooling system at Government Complex Center Zone C in Bangkok, Thailand. As SP’s first district cooling project in Thailand, the integrated development will have a total cooling capacity of up to 14,000 refrigeration tonnes and is expected to achieve results equivalent to removing about 20,000 Internal Combustion Engine cars from the roads over 20 years. Total gross floor area of 660,000 square metres Reduces carbon emissions by up to 3,000 tonnes annually Achieves 20 per cent in energy savings per year Read more International Urban Design Centre China’s first ever district cooling microgrid Under the MOUs signed with Wuhou District government, SP will serve as the sustainable energy solutions partner to the district government with the objective of establishing the district as the benchmark for smart eco-districts in Chengdu. This includes developing and implementing technologies and digital solutions such as advanced data analytics and artificial intelligence tools to support the city’s roadmap to carbon neutrality. Total gross floor area of 630,000 square metres Cooling capacity of 1,950 refregeration tonnes Achieves 35 per cent and 50 per cent in cooling and heating savings per year respectively Read more Chongqing East Railway Station Delivering sustainable energy to Western China’s largest high-speed rail hub Sino-Singapore Energy Services, a joint venture between SP Group and Chongqing Gas Group, is the integrated energy system operator for Chongqing East Railway Station, the largest high-speed railway hub in Western China. The project marks the first time a major high-speed railway hub in the country has appointed a professional third-party energy services provider to manage its energy systems. The integrated energy system spans 360,000 square metres and features a trigeneration setup — combining natural gas-powered electricity generation with high-efficiency chillers to provide cooling, heating and electricity.  Cooling and heating capacity of nearly 14,000 refrigeration tonnes Reduces energy consumption by 15% each year Lowers carbon emissions by approximately 9,400 tonnes per year Read more Additional Media Supply condition for Marina Bay district cooling Latest tariff rates for Marina Bay district cooling Latest News SP Group expands sustainable energy operations in China with Chongqing Transport Hub project win Read more STMicroelectronics enhances sustainability with chiller cooling system at Toa Payoh Read more SP signs PPA with BASF for rooftop solar deployment Read more SP partners State Grid China at International Forum on Power System Transformation 2025 Read more Engineer, 27, shares how she is undaunted by male-dominated energy industry & climbs the ranks Read more SP Digital’s Green Energy Tech (GET) solutions at Airbus Asia Training Centre Read more Launch of Distributed District Cooling network at Tampines Read more Launch of Singapore’s Fastest Public EV Charger at Temasek Polytechnic by SP Mobility and Huawei Read more SP Group launches Tengah’s First Public EV Chargers, Expanding Singapore’s Green Mobility Network Read more S'pore engineer explains why bird poop is so dangerous to solar panels Read more Have a business inquiry? Interested to find out more how our integrated services can serve your business needs? Drop us an online enquiry and our qualified professionals will reach out to you. Contact Us Form Our Integrated Energy Solutions District Cooling & Heating Electric Vehicle Solutions Digital Products Renewable Energy Climate Services Hide SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/spgroup/pdf/sustainable-energy-solutions/district-cooling-and-heating/SDC-change-of-tariff-wef-1-May-2025.pdf SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 MAY 2025 Capacity Charge : $24.23/kWr per month Usage Charge : $0.0616/kWrh SINGAPORE DISTRICT COOLING PTE LTDhttps://www.spgroup.com.sg/dam/spgroup/pdf/sustainable-energy-solutions/district-cooling-and-heating/SDC-change-of-tariff-wef-1-Nov-2024.pdf SINGAPORE DISTRICT COOLING PTE LTD TARIFF FOR DISTRICT COOLING SERVICES WITH EFFECT FROM 1 NOV 2024 Capacity Charge : $23.67/kWr per month Usage Charge : $0.0798/kWrh Searchhttps://www.spgroup.com.sg/search?tag=district-cooling Search Searchhttps://www.spgroup.com.sg/search?tag=district-cooling Search Searchhttps://www.spgroup.com.sg/search?tag=District-Cooling Search Searchhttps://www.spgroup.com.sg/search?tag=District-Cooling Search Searchhttps://www.spgroup.com.sg/search?tag=district-cooling Search Searchhttps://www.spgroup.com.sg/search?tag=district-cooling Search Searchhttps://www.spgroup.com.sg/search?tag=District-Cooling Search Searchhttps://www.spgroup.com.sg/search?tag=district-cooling Search Searchhttps://www.spgroup.com.sg/search?tag=District-Cooling Search Searchhttps://www.spgroup.com.sg/search?tag=district-cooling Search Searchhttps://www.spgroup.com.sg/search?tag=district-cooling Search Searchhttps://www.spgroup.com.sg/search?tag=District-Cooling Search Searchhttps://www.spgroup.com.sg/search?tag=District-Cooling Search Searchhttps://www.spgroup.com.sg/search?tag=district-cooling Search Searchhttps://www.spgroup.com.sg/search?tag=district-cooling Search District Cooling System | SP Grouphttps://www.spgroup.com.sg/sustainable-energy-solutions/district-cooling-and-heating OverviewKey ProjectsContact Us District Cooling & Heating District Cooling & Heating for Sustainable Operations District cooling and heating systems are centralised energy systems which help buildings, districts, and townships improve energy efficiency, lower operational costs and reduce their carbon footprint. As Singapore's largest district cooling operator, SP Group designs, builds and operates district cooling systems for customers across the region. These include Marina Bay in Singapore, the world's largest underground district cooling network and Raffles City Chongqing, the largest shopping mall in Chongqing, China. In partnership with STMicroelectronics (ST), SP Group will design, build, own, and operate Singapore's largest industrial District Cooling System (DCS) with a cooling capacity of up to 36,000 refrigeration tonnes. Read more What is District Cooling and

News Release SP Group forms JV for Acquisition of Renewable Energy Assets in China Singapore, Shanghai, 11 May 2021 – SP Group (SP) and Jinko Power Technology Co. Ltd., (Jinko Power) signed a joint venture agreement to acquire and invest in renewable energy assets and to develop integrated energy solutions in China. The JV will be 60 per cent owned by SP Group and 40 per cent by Jinko Power. The JV will acquire an initial 102MWp of rooftop solar assets from Jinko Power in the Yangtze River Delta region that includes Jiangsu, Zhejiang and Shanghai. This is SP’s first acquisition of renewable energy assets in China, a key growth market for the company as it embarks on expanding its renewable and sustainable energy solutions footprint in the region. Jinko Power, listed on the Shanghai Stock Exchange, is one of the largest private solar players in China. It has two centralised control centres in Shanghai that operates 3.2GWp of solar installations across 20 provinces in China. Under the JV, Jinko Power and SP will commit to invest in and to develop renewable energy projects in China with the shared vision of becoming a leading player in integrated energy solutions, and to support China’s carbon neutral roadmap. Both parties will combine their respective strengths to develop an expanded portfolio of integrated sustainable energy solutions to meet the needs of customers and accelerate clean energy transformation in China. In April, SP Group also concluded two MOUs in China to explore collaboration opportunities in renewable energy, sustainable integrated energy solutions and Combined Cooling, Heating and Power (CCHP) projects. The MOUs were signed with Jiangsu Huadian Yizheng Gas Cogen Power Co.,Ltd, a subsidiary of China Huadian Corporation; and Chongqing Three Gorges Energy Investment Co. Ltd. , a wholly owned subsidiary of China Three Gorges (CTG) Corporation Ltd. China Huadian Corporation is one of the five largest state-owned power generation enterprises in China, and CTG is a world leader in the production of clean energy and renewable energy projects. SP Group’s China headquarters is in Shanghai, with three other offices in Chengdu, Chongqing and Guangzhou.

ANNUAL REPORT TABLE OF CONTENTS Singapore Power Limited and its subsidiaries Annual Report Year ended 31 March 2022 Table of Contents Directors’ statement 1 Independent Auditor’s Report Balance sheets 7 10 Income statements 11 Statements of comprehensive income 12 Statements of changes in equity 13 Consolidated statement of cash flows 16 Notes to the financial statements 18 1 Domicile and activities 18 2 Basis of preparation 18 2.1 Statement of compliance 18 2.2 Basis of measurement 18 2.3 Functional and presentation currency 18 2.4 Use of estimates and judgements 19 2.5 Changes in accounting policies 20 3 Significant accounting policies 21 3.1 Basis of consolidation 21 3.2 Foreign currencies 23 3.3 Property, plant and equipment 24 3.4 Intangible assets 25 3.5 Investment property under development 26 3.6 Financial instruments 27 3.7 Impairment 32 3.8 Inventories 34 3.9 Accrued revenue 34 3.10 Contract balances 34 3.11 Employee benefits 34 3.12 Provisions 35 3.13 Government grant 35 3.14 Deferred construction cost compensation 35 3.15 Deferred income 36 3.16 Regulatory deferral account (“RDA”) debit or credit balances 36 Singapore Power Limited and its subsidiaries Annual Report Year ended 31 March 2022 Table of Contents 3.17 Price regulation and licence 36 3.18 Revenue recognition 37 3.19 Leases 38 3.20 Finance income and costs 40 3.21 Tax expense 40 3.22 Segment reporting 41 3.23 New standards and interpretations not yet adopted 41 4 Property, plant and equipment 42 5 Right-of-use assets / Lease liabilities 44 6 Intangible assets 46 7 Investment property under development 48 8 Subsidiaries 48 9 Associates and joint ventures 50 10 Other non-current assets 54 11 Deferred taxation 56 12 Derivative assets and liabilities 58 13 Investments in debt and equity securities 64 14 Inventories 64 15 Trade and other receivables 65 15a Trade receivables 65 15b Other receivables, deposits and prepayments 67 15c Balances with subsidiaries, associate and joint venture (non-trade) 68 16 Cash and cash equivalents 68 17 Regulatory deferral accounts 69 18 Share capital 71 19 Reserves 71 20 Debt obligations 73 21 Other non-current liabilities 75 21a Deferred income 75 21b Deferred construction cost compensation 76 21c Provisions 76 22 Trade and other payables 77 22a Other payables and accruals 77 23 Revenue 78 Singapore Power Limited and its subsidiaries Annual Report Year ended 31 March 2022 Table of Contents 24 Other income 25 Finance income 26 Finance costs 27 Tax expense 28 Profit for the year 29 Related parties 30 Operating segments 31 Financial risk management 32 Fair values 33 Commitments 34 Dividends 79 79 80 81 82 83 84 87 97 100 101 Singapore Power Limited and its subsidiaries Directors’ statement Year ended 31 March 2022 1 Directors’ statement We are pleased to submit this annual report to the member of Singapore Power Limited (the “Company”) together with the audited financial statements for the financial year ended 31 March 2022. Opinion of the Directors In our opinion, (a) (b) the financial statements are drawn up so as to give a true and fair view of the financial position of the Company and its subsidiaries (the “Group”) as at 31 March 2022 and the financial performance, changes in equity and cash flows of the Group and of the financial performance and changes in equity of the Company for the year ended on that date in accordance with the provisions of the Companies Act 1967 (the “Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)”); and at the date of this statement, there are reasonable grounds to believe that the Company will be able to pay its debts as and when they fall due. Directors The directors in office at the date of this statement are as follows: Tan Sri Mohd Hassan Marican Ms Leong Wai Leng Mr Ong Yew Huat Mr Timothy Chia Chee Ming Mr Ng Kwan Meng Ms Goh Swee Chen Mr Lee Kim Shin Prof Yaacob Bin Ibrahim (appointed on 1 September 2021) Mr Stanley Huang Tian Guan Directors’ interests According to the register kept by the Company for the purposes of Section 164 of the Act, particulars of interests of directors who held office at the end of the financial year (including those held by their spouses and infant children) in shares, debentures, warrants and share options in the Company and in related corporations are as follows: Singapore Power Limited and its subsidiaries Directors’ statement Year ended 31 March 2022 2 Name of director and related corporations in which interests (fully paid ordinary shares unless otherwise stated) are held Holdings at beginning of the year / date of appointment Holdings at end of the year Tan Sri Mohd Hassan Marican Singapore Airlines Limited - 3.13% Notes due 2026 CapitaLand Treasury Limited - 4.076% Notes due 20 September 2022 Sembcorp Marine Ltd # CapitaLand Integrated Commercial Trust – units Mapletree Commercial Trust – units S$250,000 USD200,000 – – – S$250,000 USD200,000 9,694,126 1 41,976 62,653 Ms Leong Wai Leng CapitaLand Limited CapitaLand Investment Limited CapitaLand Integrated Commercial Trust – units Mapletree Commercial Trust – units Mapletree Commercial Trust - 3.11% Notes due 24 August 2026 Mapletree Industrial Trust – units Mapletree Real Estate Advisors Pte. Ltd. – units - Great Cities Logistics (US) Trust - Great Cities Logistics (Europe) Trust - Mapletree Global Student Accommodation Pte Trust - USD – Class A units - GBP – Class B units 40,000 – 689,700 39,057 S$250,000 –* 40,000* 695,886* 39,057 S$250,000 450 500 371 371 371 371 1,685 1,685 1,685 1,685 Mapletree Treasury Services Limited - 3.58% Bonds due 2029 - 3.15% Notes due 3 September 2031 S$250,000 S$250,000 S$250,000 S$250,000 1 The shares are held in the name of Credit Suisse AG Singapore Singapore Power Limited and its subsidiaries Directors’ statement Year ended 31 March 2022 3 Name of director and related corporations in which interests (fully paid ordinary shares unless otherwise stated) are held Holdings at beginning of the year / date of appointment Holdings at end of the year Singapore Airlines Limited 9,800 9,800 Singapore Airlines Limited - Mandatory Convertible Bonds SIA MCBZ300608 - SIA MCBZ 2021 Singapore Airlines Limited - 3.145% Notes due 8 April 2021 - 3.16% Notes due 2023 Singapore Technologies Engineering Ltd Singapore Technologies Telemedia Pte Ltd - 4.05% Notes due 2 December 2025 - STT GDC 3.13% Bonds due 28 July 2028 Singapore Telecommunications Limited StarHub Limited Altrium Private Equity Fund I GP Limited - Interest as limited partner in the Altrium PE Fund I F&F L.P. Fund Altrium Private Equity Fund II GP Limited - Interest as limited partner in the Altrium PE Fund II F&F L.P. Fund Vertex Master Fund II (GP) Pte. Ltd. - Interest as limited partner in Vertex Master Fund II Ascendas Real Estate Investment Trust - 2.47% Notes due 10 August 2023 2 Astrea IV Pte. Ltd. - 4.35% Class-A1 Secured Bonds due 14 June 2028 - 6.75% Class-B Secured Bonds due 14 June 2028 Astrea V Pte. Ltd. - 3.85% Class-A1 Secured Bonds due 20 June 2029 - 4.50% Class-A2 Secured Bonds due 20 June 2029 17,000 – S$250,000 S$250,000 41,000 S$250,000 S$500,000 22,027 36,000 36,000 Commitment amount of USD500,000 – Commitment amount of USD500,000 S$250,000 S$336,000 USD200,000 S$214,000 USD200,000 17,000 20,482 – S$250,000 – S$250,000 S$500,000 22,027 Commitment amount of USD500,000 Commitment amount of USD1,000,000 Commitment amount of USD500,000 S$250,000 S$336,000 USD200,000 S$214,000 USD200,000 2 Held jointly with spouse. Singapore Power Limited and its subsidiaries Directors’ statement Year ended 31 March 2022 4 Name of director and related corporations in which interests (fully paid ordinary shares unless otherwise stated) are held Holdings at beginning of the year / date of appointment Holdings at end of the year Astrea VI Pte. Ltd. - 3.00% Class-A1 Secured Bonds due 18 March 2031 - 3.25% Class-A2 Secured Bonds due 18 March 2031 - 4.35% Class-B Secured Bonds due 18 March 2031 S$105,000 USD200,000 USD400,000 S$105,000 USD200,000 USD400,000 Fullerton Fund Management Company Ltd - Fullerton Optimised Alpha Fund Class A USD – units - Fullerton USD Income Fund Class A (SGD hedged) – – 5,000 S$500,000 Temasek Financial (IV) (Private) Limited - 1.8% 5-years T2026 S$ Temasek Bond – S$30,000 Mr Ong Yew Huat Sembcorp Marine Ltd # – 500,000 Mr Timothy Chia Chee Ming Singapore Telecommunications Limited Vertex Master Fund II (GP) Pte. Ltd. - Interest as limited partner in VMII Affiliates Fund LP Vertex Venture Holdings Ltd Commitment amount of USD250,000 2,070 2,070 Commitment amount of USD250,000 - 3.30% Notes due 2028 – S$250,000 Mr Ng Kwan Meng Singapore Telecommunications Limited Singapore Technologies Engineering Ltd Starhub Limited Mapletree North Asia Commercial Trust – units Sembcorp Marine Ltd # CapitaLand Integrated Commercial Trust – units CapitaLand Limited CapitaLand Investment Limited 85,350 25,000 6,000 22,000 – 153,184 61,000 – 85,350 5,000 6,000 – 1,720,000 162,618* –* 61,000* Singapore Power Limited and its subsidiaries Directors’ statement Year ended 31 March 2022 5 Name of director and related corporations in which interests (fully paid ordinary shares unless otherwise stated) are held Holdings at beginning of the year / date of appointment Holdings at end of the year Ms Goh Swee Chen CapitaLand Limited CapitaLand Investment Limited CapitaLand Integrated Commercial Trust – units Singapore Telecommunications Limited Singapore Airlines Limited Singapore Airlines Limited - Mandatory Convertible Bond SIA MCBZ300608 34,592 – – 5,000 18,550 3,835 –* 46,709* 7,224* 5,000 18,550 42,604 Mr Lee Kim Shin Singapore Telecommunications Limited Singapore Airlines Limited Singapore Airlines Limited - SIA MCBZ 2021 Ascott Residence Trust – units 190 19,800 – 4,644 190 26,000 41,382 4,644 Prof Yaacob Bin Ibrahim Ascendas India Trust – units Ascott Residence Trust – units Singapore Airlines Limited 100,000 26,208 5,000 100,000 26,208 5,000 # Related corporation with effect from 11 November 2021 * Scheme of arrangement by CapitaLand Limited (“CapitaLand”), pursuant to which every 1 CapitaLand Limited share was exchanged for 1 share in CapitaLand Investment Limited, 0.154672686 unit in CapitaLand Integrated Commercial Trust, and S$0.951 in cash. Singapore Power Limited and its subsidiaries Directors’ statement Year ended 31 March 2022 6 Except as disclosed in this statement, no director who held office at the end of the financial year had interests in shares, debentures, warrants or share options of the Company, or of related corporations, either at the beginning of the financial year, or at the end of the financial year. Neither at the end of, nor at any time during the financial year, was the Company a party to any arrangement whose objects are, or one of whose objects is, to enable the directors of the Company to acquire benefits by means of the acquisition of shares or debentures of the Company or any other body corporate. Share Options During the financial year, there were: (i) (ii) no options granted by the Company or its subsidiaries to any person to take up unissued shares in the Company; and no shares issued by virtue of any exercise of option to take up unissued shares of the Company or its subsidiaries. As at the end of the financial year, there were no unissued shares of the Company or its subsidiaries under option. On behalf of the Board of Directors TAN SRI MOHD HASSAN MARICAN Chairman MR STANLEY HUANG TIAN GUAN Director / Group Chief Executive Officer 2 June 2022 Singapore Power Limited and its subsidiaries Independent auditor’s report Year ended 31 March 2022 7 Independent Auditor’s Report to the Member of Singapore Power Limited Opinion Independent Auditor’s Report For the financial year ended 31 March 2022 Report on the Audit of the Financial Statements We have audited the accompanying financial statements of Singapore Power Limited (the “Company”) and its subsidiaries (the “Group”), which comprise the balance sheets of the Group and the Company as at 31 March 2022, the income statements, statements of comprehensive income, statements of changes in equity of the Group and the Company and statement of cash flows of the Group for the financial year then ended, and notes to the financial statements, including a summary of significant accounting policies. In our opinion, the accompanying consolidated financial statements of the Group, the balance sheet, income statement, statement of comprehensive income and statement of changes in equity of the Company are properly drawn up in accordance with the provisions of the Companies Act 1967 (the “Act”) and Singapore Financial Reporting Standards (International) (“SFRS(I)”) so as to give a true and fair view of the financial position of the Group and of the Company as at 31 March 2022 and of the financial performance, changes in equity of the Group and the Company and consolidated cash flows of the Group for the year ended on that date. Basis for Opinion We conducted our audit in accordance with Singapore Standards on Auditing (“SSAs”). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are independent of the Group in accordance with the Accounting and Corporate Regulatory Authority (“ACRA”) Code of Professional Conduct and Ethics for Public Accountants and Accounting Entities (“ACRA Code”) together with the ethical requirements that are relevant to our audit of the financial statements in Singapore, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the ACRA Code. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Other Information Management is responsible for other information. The other information comprises the directors’ statement. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Singapore Power Limited and its subsidiaries Independent auditor’s report Year ended 31 March 2022 8 Responsibilities of Management and Directors for the Financial Statements Management is responsible for the preparation of financial statements that give a true and fair view in accordance with the provisions of the Act and SFRS(I), and for devising and maintaining a system of internal accounting controls sufficient to provide a reasonable assurance that assets are safeguarded against loss from unauthorised use or disposition; and transactions are properly authorised and that they are recorded as necessary to permit the preparation of true and fair financial statements and to maintain accountability of assets. In preparing the financial statements, management is responsible for assessing the Group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so. The directors’ responsibilities include overseeing the Group’s financial reporting process. Auditor’s Responsibilities for the Audit of the Financial Statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SSAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. As part of an audit in accordance with SSAs, we exercise professional judgement and maintain professional scepticism throughout the audit. We also: • Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. • Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control. • Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by management. • Conclude on the appropriateness of management’s use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Group’s ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group to cease to continue as a going concern. Singapore Power Limited and its subsidiaries Independent auditor’s report Year ended 31 March 2022 9 • Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. • Obtain sufficient appropriate audit evidence regarding the financial information of the entities or business activities within the Group to express an opinion on the consolidated financial statements. We are responsible for the direction, supervision and performance of the group audit. We remain solely responsible for our audit opinion. We communicate with the directors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit. Report on Other Legal and Regulatory Requirements In our opinion, the accounting and other records required by the Act to be kept by the Company and by those subsidiaries incorporated in Singapore of which we are the auditors have been properly kept in accordance with the provisions of the Act. Ernst & Young LLP Public Accountants and Chartered Accountants Singapore 2 June 2022 Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 10 Balance sheets As at 31 March 2022 Group Company Non-current assets Property, plant and equipment Intangible assets Investment property under development Subsidiaries Associates and joint ventures Other non-current assets Deferred tax assets Derivative assets Investments in debt and equity securities Current assets Inventories Trade and other receivables Derivative assets Cash and cash equivalents Investments in debt and equity securities Total assets Regulatory deferral accounts (“RDA”) debit balances and related deferred tax assets Total assets and RDA debit balances Note 4 6 7 8 9 10 11 12 13 14 15 12 16 13 17 2022 $ million 13,828.7 111.3 765.0 – 1,622.3 343.7 21.7 133.6 56.0 16,882.3 47.4 795.7 113.6 4,207.8 413.9 5,578.4 22,460.7 499.5 22,960.2 2021 $ million 13,693.2 150.9 728.2 – 2,907.2 337.9 100.5 256.2 29.7 18,203.8 46.7 462.2 3.5 1,187.2 – 1,699.6 19,903.4 454.7 20,358.1 2022 $ million 23.4 14.9 – 5,043.7 45.4 – – – # – 5,127.4 – 4,095.2 5.0 1.3 – 4,101.5 9,228.9 – 9,228.9 2021 $ million 16.3 16.2 – 5,524.6 45.4 – – – # – 5,602.5 – 3,070.4 – # 0.8 – 3,071.2 8,673.7 – 8,673.7 Equity Share capital Reserves Accumulated profits Total equity, attributable to owner of the Company 18 19 2,911.9 (97.2) 11,143.9 2,911.9 (424.3) 9,491.4 2,911.9 – # 6,246.6 2,911.9 – 5,712.8 13,958.6 11,979.0 9,158.5 8,624.7 Non-current liabilities Debt obligations Derivative liabilities Deferred tax liabilities Other non-current liabilities Lease liabilities Current liabilities Debt obligations Derivative liabilities Current tax payable Trade and other payables Lease liabilities Total liabilities Total equity and liabilities RDA credit balances and related deferred tax liabilities Total equity, liabilities and RDA credit balances 20 12 11 21 5 20 12 22 5 17 3,377.9 160.5 1,699.7 479.7 32.2 5,750.0 908.2 143.0 645.6 1,484.6 5.8 3,187.2 8,937.2 22,895.8 64.4 22,960.2 4,369.7 101.3 1,748.4 498.8 34.9 6,753.1 173.6 7.6 67.0 1,314.4 5.9 1,568.5 8,321.6 20,300.6 57.5 20,358.1 – – # 1.4 – – 1.4 – 5.1 0.4 57.6 5.9 70.4 9,228.9 – 9,228.9 – – 1.4 – – 1.4 – – 0.6 47.0 – 69.0 47.6 49.0 8,673.7 – 8,673.7 # Amount is less than $0.1 million The accompanying notes form an integral part of these financial statements. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 11 Income statements As at 31 March 2022 Group Company Note 2022 $ million 2021 $ million 2022 $ million 2021 $ million Revenue Other income Expenses - Purchased power - Depreciation of property, plant and equipment - Amortisation of intangible assets - Maintenance - Staff costs - Property taxes - Other operating expenses Operating profit Finance income Finance costs Share of profits of associates, net of tax Share of losses of joint ventures, net of tax Profit before taxation Tax (expense) / credit Profit for the year attributable to owner of the Company Net movement in RDA balances related to profit or loss and the related deferred tax movement Profit for the year and net movements in RDA balances, attributable to owner of the Company 23 24 5,213.5 1,683.7 (2,806.7) 3,574.1 188.9 (1,473.1) 1,040.1 11.0 – 754.8 9.5 – 4 (790.3) (757.4) (9.9) (8.3) 6 (55.7) (56.1) (5.6) (3.5) (141.1) (126.4) (10.5) (9.0) (324.7) (319.9) (73.9) (72.7) (93.9) (99.2) (0.3) (0.3) (191.4) (145.3) (37.2) (61.0) 2,493.4 785.6 903.7 609.5 25 26 58.6 (85.0) 164.0 45.3 (79.7) 180.0 19.4 (0.1) – 33.9 (0.1) – (5.7) (6.0) – – 2,625.3 925.2 923.0 643.3 27 28 17 (660.3) 1,965.0 37.9 (197.8) 727.4 249.3 0.8 923.8 – 5.3 648.6 – 2,002.9 976.7 923.8 648.6 The accompanying notes form an integral part of these financial statements. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 12 Statements of comprehensive income Year ended 31 March 2022 Group Company 2022 $ million 2021 $ million 2022 $ million 2021 $ million Profit for the year and net movements in RDA balances 2,002.9 976.7 923.8 648.6 Other comprehensive income Items that will not be reclassified to profit or loss: Share of defined benefit plan remeasurements of associates 10.1 10.1 9.3 – – 9.3 – – Items that are or may be reclassified subsequently to profit or loss: Translation differences relating to financial statements of foreign operations (86.7) 446.7 – – Effective portion of changes in fair value of cash flow hedges, net of tax 41.0 31.7 – # (0.2) Net change in fair value of: - Cash flow hedges reclassified to profit or loss, net of tax (5.3) 10.2 – – - Cash flow hedges on recognition of the hedged items on balance sheet, net of tax 0.6 2.1 – # (0.1) Share of hedging reserves of associates Disposal of interest in an associate Other comprehensive income for 211.1 148.9 – – 195.9 – – – 356.6 639.6 – # (0.3) the year, net of tax 366.7 648.9 – # (0.3) Total comprehensive income for the year, attributable to owner of the Company 2,369.6 1,625.6 923.8 648.3 # Amount is less than $0.1 million The accompanying notes form an integral part of these financial statements. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 13 Statements of changes in equity Year ended 31 March 2022 Group Share capital $ million Currency translation reserve $ million Hedging reserve $ million Other reserves $ million Accumulated profits $ million Total equity, attributable to owner of the Company $ million At 1 April 2020 Total comprehensive income for the year Profit for the year and net movement in RDA balances Other comprehensive income Translation differences relating to financial statements of foreign operations Effective portion of changes in fair value of cash flow hedges, net of tax Net change in fair value of: - Cash flow hedges reclassified to profit or loss, net of tax - Cash flow hedges on recognition of the hedged items on balance sheet, net of tax Share of other comprehensive income of associates Total other comprehensive income Total comprehensive income for the year 2,911.9 (810.1) (282.7) 19.6 8,920.7 10,759.4 – – – – 976.7 976.7 – 446.7 – – – 446.7 – – 31.7 – – 31.7 – – 10.2 – – 10.2 – – 2.1 – – 2.1 – – 148.9 9.3 – 158.2 – 446.7 192.9 9.3 – 648.9 – 446.7 192.9 9.3 976.7 1,625.6 Transactions with owner, recognised directly in equity Distribution to owner Dividends declared (Note 34) Total transactions with owner At 31 March 2021 – – – – (406.0) (406.0) – – – – (406.0) (406.0) 2,911.9 (363.4) (89.9) 28.9 9,491.4 11,979.0 # Amount is less than $0.1 million The accompanying notes form an integral part of these financial statements. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 14 Statements of changes in equity Year ended 31 March 2022 Group Share capital $ million Currency translation reserve $ million Hedging reserve $ million Other reserves $ million Accumulated profits $ million Total equity, attributable to owner of the Company $ million At 1 April 2021 2,911.9 (363.4) (89.8) 28.9 9,491.4 11,979.0 Total comprehensive income for the year Profit for the year and net movement in RDA balances – – – – 2,002.9 2,002.9 Other comprehensive income Translation differences relating to financial statements of foreign operations – (86.7) – – – (86.7) Effective portion of changes in fair value of cash flow hedges, net of tax Net change in fair value of: – – 41.0 – – 41.0 - Cash flow hedges reclassified to profit or loss, net of tax – – (5.3) – – (5.3) - Cash flow hedges on recognition of the hedged items on balance sheet, net of tax – – 0.6 – – 0.6 Share of other comprehensive income of associates – – 211.1 10.1 – 221.2 Disposal of interest in an associate – 231.9 (36.0) (39.6) 39.6 195.9 Total other comprehensive income – 145.2 211.4 (29.5) 39.6 366.7 Total comprehensive income for the year – 145.2 211.4 (29.5) 2,042.5 2,369.6 Transactions with owner, recognised directly in equity Distribution to owner Dividends declared (Note 34) Total transactions with owner – – – – (390.0) (390.0) – – – – (390.0) (390.0) At 31 March 2022 2,911.9 (218.2) 121.6 (0.6) 11,143.9 13,958.6 # Amount is less than $0.1 million The accompanying notes form an integral part of these financial statements. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 15 Statements of changes in equity Year ended 31 March 2022 Share capital $ million Hedging reserve $ million Accumulated profits $ million Total $ million Company At 1 April 2020 2,911.9 0.3 5,470.2 8,382.4 Total comprehensive income for the year Profit for the year – – 648.6 648.6 Other comprehensive income Effective portion of changes in fair value of cash flow hedges, net of tax – (0.2) – (0.2) Net change in fair value of: - Cash flow hedges on recognition of the hedged items on balance sheet, net of tax – (0.1) – (0.1) Total other comprehensive income – (0.3) – (0.3) Total other comprehensive income for the year – (0.3) 648.6 648.3 Transactions with owner, recognised directly in equity Dividends declared (Note 34) – – (406.0) (406.0) Total transactions with owner – – (406.0) (406.0) At 31 March 2021 2,911.9 – 5,712.8 8,624.7 At 1 April 2021 2,911.9 – 5,712.8 8,624.7 Total comprehensive income for the year Profit for the year – – 923.8 923.8 Other comprehensive income Effective portion of changes in fair value of cash flow hedges, net of tax – – # – – # Net change in fair value of: - Cash flow hedges on recognition of the hedged items on balance sheet, net of tax – – # – – # Total other comprehensive income – – # – – # Total other comprehensive income for the year – – # 923.8 923.8 Transactions with owner, recognised directly in equity Dividends declared (Note 34) – – (390.0) (390.0) Total transactions with owner – – (390.0) (390.0) At 31 March 2022 2,911.9 – # 6,246.6 9,158.5 # Amount is less than $0.1 million The accompanying notes form an integral part of these financial statements. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 16 Consolidated statement of cash flows Year ended 31 March 2022 Note 2022 $ million 2021 $ million Cash flows from operating activities Profit for the year and net movements in RDA balances 2,002.9 976.7 Adjustments for: Deferred income (20.0) (23.9) RDA debit or credit balances and related deferred tax assets or liabilities (37.9) (249.3) Depreciation and amortisation 846.0 813.5 Finance costs 26 90.3 83.5 Finance income 25 (58.6) (45.3) Exchange loss / (gain), net 28 0.9 (14.7) Loss on disposal of property, plant and equipment and intangible assets 11.7 1.2 Impairment loss on intangible assets and property, plant and equipment 2.4 5.0 Gain on disposal of interest in an associate 24 (1,532.0) – Share of profit of associates and joint ventures, net of tax (158.3) (174.0) Tax expense 27 660.3 197.8 Write-down of inventory 14 8.4 5.3 Allowance for expected credit loss on trade receivables, net 15a 14.7 13.9 Net fair value gain on equity investments at FVTPL 26 (5.3) (3.8) Others 5.0 3.4 1,830.5 1,589.3 Changes in working capital: Inventories (9.1) (2.6) Trade and other receivables and contract assets (304.5) 4.3 Balances with related parties (trade) 6.1 10.6 Trade and other payables 214.9 (10.4) Cash generated from operations 1,737.9 1,591.2 Interest received 34.3 64.7 Net tax paid (30.0) (63.4) Net cash generated from operating activities 1,742.2 1,592.5 The accompanying notes form an integral part of these financial statements. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 17 Consolidated statement of cash flows (continued) Year ended 31 March 2022 Note 2022 $ million 2021 $ million Cash flows from investing activities Purchase of property, plant and equipment (1,006.2) (986.4) Purchase of intangible assets (18.1) (40.7) Proceeds from disposal of property, plant and equipment and intangible assets 6.3 5.5 Proceeds from disposal of interest in an associate 3,154.1 – Dividends received from associates and joint venture 153.8 146.9 Proceeds from redemption of other investment – 5.0 Acquisition of interest in associates and joint venture (24.4) (42.7) Loans to a joint venture (46.4) – Payments for investments in debt securities (413.4) – Acquisition of other investments (21.3) (14.4) Additions to investment property (36.9) (6.6) Net cash generated from / (used in) investing activities 1,747.5 (933.4) Cash flows from financing activities Proceeds from loans 83.2 156.0 Proceeds from termination of derivatives 19.5 – Repayment of debt obligations (176.5) (797.1) Dividends paid to owner of the Company (390.0) (406.0) Interest paid (81.8) (108.9) Commitment fees paid – (1.5) Upfront fees paid for credit facilities (2.6) – Payment of principal portion of lease liabilities (6.2) (5.9) Net cash used in financing activities (554.4) (1,163.4) Net increase / (decrease) in cash and cash equivalents 2,935.3 (504.3) Cash and cash equivalents at beginning of the year 1,187.2 1,673.4 Effect of exchange rate changes on balances held in foreign currencies 85.3 18.1 Cash and cash equivalents at end of the year 16 4,207.8 1,187.2 The accompanying notes form an integral part of these financial statements. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 18 Notes to the financial statements These notes form an integral part of the financial statements. The financial statements were authorised for issue by the Board of Directors on 2 June 2022. 1 Domicile and activities Singapore Power Limited (the “Company”) is incorporated in the Republic of Singapore and has its registered office at 2 Kallang Sector, SP Group Building, Singapore 349277. The immediate and ultimate holding company is Temasek Holdings (Private) Limited, a company incorporated in the Republic of Singapore. The principal activities of the Company are that of investment holding and provision of management support services. Its subsidiaries are engaged principally in the transmission and distribution of electricity and gas, provision of related consultancy services and investments in related projects. The consolidated financial statements relate to the Company and its subsidiaries (together referred to as the “Group”) and the Group’s interests in associates and joint ventures (collectively referred to as “Group entities”). 2 Basis of preparation 2.1 Statement of compliance The financial statements have been prepared in accordance with the Singapore Financial Reporting Standards (International) (“SFRS(I)”). 2.2 2.3 Basis of measurement The financial statements have been prepared on the historical cost basis except as disclosed in the accounting policies set out below. Functional and presentation currency These financial statements are presented in Singapore dollars, which is the Company’s functional currency. Each entity in the Group determines its own functional currency and items included in the financial statements of each entity are measured using that functional currency. All financial information presented in Singapore dollars has been rounded to the nearest 0.1 million, unless otherwise stated. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 19 2.4 Use of estimates and judgements The preparation of financial statements in conformity with SFRS(I) requires management to make judgements, estimates and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making judgements about carrying amounts of assets and liabilities that are not readily apparent from other sources. Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected. Information about critical judgements in applying accounting policies that have the most significant effect on the amounts recognised in the financial statements is discussed below: Taxation The Group is subject to taxes mainly in Singapore and Australia. Significant judgement is required in determining provision for taxes. There are many transactions and calculations during the ordinary course of business for which the ultimate tax determination is uncertain. The Group recognises liabilities for anticipated tax audit issues based on estimates of whether additional taxes will be due. Where the final tax outcome of these matters is different from the amounts that were initially recorded, such differences will impact the income tax and deferred tax provisions in the period in which such determination is made. Details are set out in Note 11 and Note 27. Impairment of associates Impairment reviews in respect of associates are performed at least annually or when there is any indication that the investment in associates may be impaired. More regular reviews are performed if changes in circumstances or the occurrence of events indicate potential impairment. The Group uses the present value of future cash flows to determine the recoverable amounts of the underlying cash generating units in the associates. In calculating the recoverable amounts, significant management judgement is required in forecasting cash flows of the cash generating units, in estimating the terminal growth values and in selecting an appropriate discount rate. Estimating fair values of financial assets and financial liabilities The fair value of financial assets and financial liabilities must be estimated for recognition, measurement and disclosure purposes. Note 31 sets out the basis of valuation of financial assets and liabilities. Accrued revenue Revenue accrual estimates are made to account for the unbilled period between the end-user’s last billing date and the end of the accounting period. The accrual relies on detailed analysis of customers’ historical consumption patterns, which takes into account base usage and sensitivity to consumption growth. The results of this analysis are applied for the number of days over the unbilled period. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 20 Regulatory deferral accounts Regulatory deferral account debit or credit balances represent timing differences between revenue recognised for financial reporting purposes (as set out in Note 3.18) and revenue earned for regulatory purposes. Revenue earned for regulatory purposes is estimated based on the revenue allowed by the Energy Market Authority (“EMA”) (in accordance with the price regulation framework), taking into consideration the services rendered, sale and volume of electricity and gas delivered to consumers. Note 3.16 sets out the accounting policy for regulatory deferral accounts. 2.5 Changes in accounting policies Adoption of new and revised SFRS(I)s and Interpretation to SFRS(I) The Group has applied the Amendments to SFRS(I) 9, SFRS(I) 1-39, SFRS(I) 7, SFRS(I) 4, SFRS(I) 16: Interest Rate Benchmark Reform – Phase 2 which is effective for annual financial periods beginning on or after 1 April 2021. The Phase 2 amendments provide practical relief from certain requirements in SFRS(I) Standards. The amendment most relevant to the Group is where it provides for a series of temporary exceptions from certain hedge accounting requirements when a change required by the interest rate benchmark reform occurs to a hedge item and / or hedging instrument that permit the hedge relationship to be continued without interruption. The Group applies the following reliefs as and when uncertainty arising the from interest rate benchmark reform is no longer present with respect to the timing and the amount of the interest rate benchmark-based cash flows of the hedged item or hedging instrument: • the Group amends the designation of a hedging relationship to reflect changes that are required by the reform without discontinuing the hedging relationship; and • when a hedged item in a cash flow hedge is amended to reflect the changes that are required by the reform, the amount accumulated in the hedging reserve is deemed to be based on the alternative benchmark rate on which the hedged future cash flows are determined. The details of the accounting policies and related disclosures on financial risk management are disclosed in Note 3.6 and 31. There was no significant financial impact to the Group as a result of these amendments. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 21 3 Significant accounting policy The accounting policies set out below have been applied consistently for all periods presented in these financial statements, and have been consistently applied by the Group entities, which addresses changes in accounting policies due to the adoption of new and revised standards. 3.1 Basis of consolidation Business combinations Business combinations are accounted for using the acquisition method as at the acquisition date, which is the date on which control is transferred to the Group. Control is the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. In assessing control, the Group takes into consideration potential voting rights that are currently exercisable. The consideration transferred does not include amounts related to the settlement of pre-existing relationships. Such amounts are generally recognised in profit or loss. Costs related to the acquisition, other than those associated with the issue of debt or equity securities, that the Group incurs in connection with a business combination are expensed as incurred. Any contingent consideration payable is recognised at fair value at the acquisition date and included in the consideration transferred. If the contingent consideration is classified as equity, it is not remeasured and settlement is accounted for within equity. Otherwise, subsequent changes to the fair value of the contingent consideration are recognised in profit or loss. For non-controlling interests that are present ownership interests and entitle their holders to a proportionate share of the acquiree’s net assets in the event of liquidation, the Group elects on a transaction-by-transaction basis whether to measure them at fair value, or at the non-controlling interests’ proportionate share of the recognised amounts of the acquiree’s identifiable net assets, at the acquisition date. All other non-controlling interests are measured at acquisition-date fair value, or, when applicable, on the basis specified in another standard. Any excess or deficiency of the purchase consideration over the fair value of the identifiable assets acquired and liabilities and contingent liabilities assumed is accounted for as goodwill or bargain purchase gain (see Note 3.4). Subsidiaries Subsidiaries are entities controlled by the Group. The Group controls an investee when it is exposed, or has rights, to variable returns from its involvement with the investee and has the ability to affect those returns through its power over the investee. The financial statements of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. In the Company’s separate financial statements, investments in subsidiaries are accounted for at cost less impairment losses. The accounting policies of subsidiaries have been changed when necessary to align them with the policies adopted by the Group. Losses applicable to the non-controlling interests in a subsidiary are allocated to the non-controlling interests even if doing so causes the non-controlling interests to have a deficit balance. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 22 Loss of control Upon the loss of control, the Group de-recognises the assets and liabilities of the subsidiary, any non-controlling interests and the other components of equity related to the subsidiary. Any surplus or deficit arising on the loss of control is recognised in profit or loss. If the Group retains any interest in the previous subsidiary, then such interest is measured at fair value at the date that control is lost. Subsequently, it is accounted for as an equity-accounted investee or as an equity investment at fair value through other comprehensive income depending on the level of influence retained. Joint arrangements A joint arrangement is a contractual arrangement whereby two or more parties have joint control. Joint control is the contractually agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent of the parties sharing control. To the extent the joint arrangement provides the Group with rights to the assets and obligations for the liabilities relating to the arrangement, the arrangement is a joint operation. To the extent the joint arrangement provides the Group with rights to the net assets of the arrangement, the arrangement is a joint venture. The Group recognises its interest in a joint venture as an investment and accounts for the investment using the equity method. The accounting policy for investment in joint venture is set out below. Investments in associates and joint ventures (equity-accounted investees) An associate is an entity over which the Group has the power to participate in the financial and operating policy decisions of the investee but does not have control or joint control of those policies. Investments in associates and joint ventures are accounted for using the equity method (equity-accounted investees) and are recognised initially at cost. The Group’s investments in equity-accounted investees include goodwill identified on acquisition, net of any accumulated impairment losses. The consolidated financial statements include the Group’s share of the profit or loss and other comprehensive income of the equity-accounted investees, after adjustments to align the accounting policies of the equity-accounted investees with those of the Group, from the date that significant influence or joint control commences until the date that significant influence or joint control ceases. When the Group’s share of losses exceeds its interest in an equity-accounted investee, the carrying amount of the investment, together with any long-term interests that form part thereof, is reduced to zero and the recognition of further losses is discontinued except to the extent that the Group has an obligation to fund the investee’s operations or has made payments on behalf of the investee. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 23 Acquisition of non-controlling interests Acquisitions of non-controlling interests are accounted for as transactions with owners in their capacity as owners and therefore no goodwill is recognised as a result of such transactions. The adjustments to non-controlling interests arising from transactions that do not involve the loss of control are based on a proportionate amount of the net assets of the subsidiary. Any difference between the adjustment to non-controlling interests and the fair value of consideration paid is recognised directly in equity and presented as part of equity attributable to owners of the Company. Transactions eliminated on consolidation Intra-group balances and transactions, and any unrealised income or expenses arising from intra-group transactions, are eliminated in preparing the consolidated financial statements. Unrealised gains arising from transactions with equity-accounted investees are eliminated against the investment to the extent of the Group’s interest in the investee. Unrealised losses are eliminated in the same way as unrealised gains, but only to the extent that there is no evidence of impairment. Accounting for subsidiaries and joint ventures by the Company Investments in subsidiaries and joint ventures are stated in the Company’s balance sheet at cost less accumulated impairment losses. 3.2 Foreign currencies Foreign currency transactions Transactions in foreign currencies are translated to the respective functional currencies of Group entities at the exchange rates at the dates of the transactions. The functional currencies of the Group entities are mainly Singapore dollars, Australian dollars and Chinese Yuan Renminbi. Monetary assets and liabilities denominated in foreign currencies at the reporting date are retranslated to the functional currencies at the exchange rate at the reporting date. The foreign currency gain or loss on monetary items is the difference between amortised cost in the functional currency at the beginning of the year, adjusted for effective interest and payments during the year, and the amortised cost in foreign currency translated at the exchange rate at the end of the year. Non-monetary assets and liabilities denominated in foreign currencies that are measured at fair value are retranslated to the functional currency at the exchange rate prevailing on the date on which the fair value was determined. Non-monetary items in a foreign currency that are measured in terms of historical cost are translated using the exchange rate at the date of the transaction. Foreign currency differences arising on translation are recognised in profit or loss, except for differences arising on the translation of a financial liability designated as a hedge of the net investment in a foreign operation that is effective, an equity investment at fair value through other comprehensive income, or qualifying cash flow hedges which are recognised in other comprehensive income. Foreign operations The assets and liabilities of foreign operations, excluding goodwill and fair value adjustments arising on acquisition, are translated to Singapore dollars for presentation in these financial statements at exchange rates at the reporting date. The income and expenses of foreign operations are translated to Singapore dollars at exchange rates at the dates of the transactions. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 24 Foreign currency differences are recognised in other comprehensive income, and presented in the foreign currency translation reserve (“translation reserve”) in equity. However, if the foreign operation is a non-wholly-owned subsidiary, then the relevant proportionate share of the translation difference is allocated to the non-controlling interests. When a foreign operation is disposed of, such that control, significant influence or joint control is lost, the cumulative amount in the translation reserve related to that foreign operation is reclassified to profit or loss as part of the gain or loss on disposal. When the Group disposes of only part of its interest in a subsidiary that includes a foreign operation while retaining control, the relevant proportion of the cumulative amount is reattributed to non-controlling interests. When the Group disposes of only part of its investment in an associate or joint venture that includes a foreign operation while retaining significant influence or joint control, the relevant proportion of the cumulative amount is reclassified to profit or loss. When the settlement of a monetary item receivable from or payable to a foreign operation is neither planned nor likely in the foreseeable future, foreign exchange gains and losses arising from such a monetary item are considered to form part of a net investment in a foreign operation. These are recognised in other comprehensive income, and are presented in the translation reserve in equity. 3.3 Property, plant and equipment Recognition and measurement Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes expenditure that is directly attributable to the acquisition of the asset. The cost of self-constructed assets includes the cost of materials and direct labour, any other costs directly attributable to bringing the asset to a working condition for their intended use, and the costs of dismantling and removing the items and restoring the site on which they are located and capitalised borrowing cost. Capitalisation of borrowing costs will cease when the asset is ready for its intended use. Cost may also include transfers from equity of any gain or loss on qualifying cash flow hedges of foreign currency purchases of property, plant and equipment. Purchased software that is integral to the functionality of the related equipment is capitalised as part of that equipment. When parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items (major components) of property, plant and equipment. The gain or loss on disposal of an item of property, plant and equipment is determined by comparing the proceeds from disposal with the carrying amount of property, plant and equipment, and is recognised net within other income/other operating expenses in profit or loss. Subsequent costs The cost of replacing a component of an item of property, plant and equipment is recognised in the carrying amount of the item if it is probable that the future economic benefits embodied within the component will flow to the Group, and its cost can be measured reliably. The carrying amount of the replaced component is de-recognised. The costs of the day-to-day servicing of property, plant and equipment are recognised in profit or loss as incurred. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 25 Depreciation Depreciation is based on the cost of an asset less its residual value. Significant components of individual assets are assessed and if a component has a useful life that is different from the remainder of that asset, that component is depreciated separately. Depreciation is recognised in profit or loss on a straight-line basis over the estimated useful lives of each component of an item of property, plant and equipment. Freehold land and construction-in-progress are not depreciated. The estimated useful lives for the current and comparative periods are as follows: Leasehold land Buildings, office and tunnels Plant and machinery - Mains (Electricity) - Mains (Gas) - Transformers and switchgear Other plant and equipment (principally gas storage plant, remote control and meters) Motor vehicles and office equipment Over the term of the lease, ranging from 3 – 99 years 2 – 40 years or the lease term, if shorter 10 – 30 years 5 – 50 years or the lease term, if shorter 20 – 30 years 2 – 40 years 2 – 10 years Depreciation methods, useful lives and residual values are reviewed at each financial year end, and adjusted if appropriate. 3.4 Intangible assets Goodwill Goodwill that arises upon the acquisition of subsidiaries is included in intangible assets and represents the excess of: - the fair value of the consideration transferred; plus - the recognised amount of any non-controlling interests in the acquiree; plus - if the business combination is achieved in stages, the fair value of the pre-existing equity interest in the acquiree, over the net recognised amount (generally fair value) of the identifiable assets acquired and liabilities assumed. When the excess is negative, a bargain purchase gain is recognised immediately in profit or loss. Subsequent measurement Goodwill is measured at cost less accumulated impairment losses. In respect of equity-accounted investees, the carrying amount of goodwill is included in the carrying amount of the investment, and an impairment loss on such an investment is not allocated to any asset, including goodwill, that forms part of the carrying amount of the equity-accounted investee. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 26 Other intangible assets Other intangible assets with finite useful lives are measured at cost less accumulated amortisation and accumulated impairment losses. Expenditure on internally generated goodwill is recognised in profit or loss as an expense when incurred. Intangible assets that have indefinite lives or that are not available for use are stated at cost less accumulated impairment losses. Software is stated at cost less accumulated amortisation and accumulated impairment losses. Amortisation is recognised in profit or loss on a straight-line basis over the estimated useful life of 2 to 5 years. Deferred expenditure relates mainly to contributions paid by the Group in accordance with regulatory requirements towards capital expenditure costs incurred by electricity generation companies and onshore receiving facility operator, and is stated at cost less accumulated amortisation and accumulated impairment losses. Deferred expenditure is amortised on a straight-line basis over the period in which the Group derives benefits from the capital contribution payments, which is generally the useful life of the relevant equipment ranging from 7 to 19 years. Research costs are expensed as incurred. Capitalised development costs arising from development expenditures on an individual project are recognised as an intangible asset when the Group can demonstrate the technical feasibility of completing the intangible asset so that it will be available for use or sale, its intention to complete and its ability to use or sell the asset, how the asset will generate future economic benefits, the availability of resources to complete and the ability to measure reliably the expenditures during the development. Following initial recognition of the capitalised development costs as an intangible asset, it is carried at cost less accumulated amortisation and any accumulated impairment losses. Amortisation of the intangible asset begins when development is complete and the asset is available for use. Capitalised development costs have a finite useful life and are amortised over the period of 5 years on a straight line basis. Intangible assets under construction are stated at cost. No amortisation is provided until the intangible assets are ready for use. 3.5 Investment property under development Investment property under development is property held either to earn rental income or for capital appreciation or for both, but not for sale in the ordinary course of business, use in the production or supply of goods or services or for administrative purposes. Investment property under development is measured at cost on initial recognition. Cost includes expenditure that is directly attributable to the acquisition of the investment property. The cost of self-constructed investment property includes the cost of materials and direct labour, any other costs directly attributable to bringing the investment property under development to a working condition for their intended use and capitalised borrowing costs. Any gain or loss on disposal of an investment property under development (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in profit or loss. When the use of a property changes such that it is reclassified as property, plant and equipment, its fair value at the date of reclassification becomes its cost for subsequent accounting. Property that is being constructed for future use as investment property under development is accounted for at cost less accumulated depreciation and accumulated impairment losses. Investment property under development is not depreciated. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 27 3.6 Financial instruments Non-derivative financial assets Initial recognition and measurement Financial assets are recognised when, and only when the entity becomes party to the contractual provisions of the instruments. At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss, transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at fair value through profit or loss are expensed in profit or loss. Trade receivables are measured at the amount of consideration to which the Group expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third party, if the trade receivables do not contain a significant financing component at initial recognition. Subsequent measurement Investments in debt instruments Subsequent measurement of debt instruments depends on the Group’s business model for managing the asset and the contractual cash flow characteristics of the asset. The measurement categories for classification of debt instruments are: (i) (ii) (iii) Amortised cost Financial assets that are held for the collection of contractual cash flows where those cash flows represent solely payments of principal and interest are measured at amortised cost. Financial assets are measured at amortised cost using the effective interest method, less impairment. Gains and losses are recognised in profit or loss when the assets are de-recognised or impaired, and through the amortisation process. Fair value through other comprehensive income (“FVOCI”) Financial assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Financial assets measured at FVOCI are subsequently measured at fair value. Any gains or losses from changes in fair value of the financial assets are recognised in other comprehensive income, except for impairment losses, foreign exchange gains and losses and interest calculated using the effective interest method are recognised in profit or loss. The cumulative gain or loss previously recognised in other comprehensive income is reclassified from equity to profit or loss as a reclassification adjustment when the financial asset is de-recognised. Fair value through profit or loss Assets that do not meet the criteria for amortised cost or FVOCI are measured at fair value through profit or loss. A gain or loss on a debt instrument that is subsequently measured at fair value through profit or loss and is not part of a hedging relationship is recognised in profit or loss in the period in which it arises. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 28 Investments in equity instruments On initial recognition of an investment in equity instrument that is not held for trading, the Group may irrevocably elect to present subsequent changes in fair value in OCI. Dividends from such investments are to be recognised in profit or loss when the Group’s right to receive payments is established. For investments in equity instruments which the Group has not elected to present subsequent changes in fair value in OCI, changes in fair value are recognised in profit or loss. De-recognition The Group de-recognises a financial asset when the contractual rights to the cash flows from the financial asset expire, or it transfers the rights to receive the contractual cash flows in a transaction in which substantially all of the risks and rewards of ownership of the financial asset are transferred or in which the Group neither transfers nor retains substantially all of the risks and rewards of ownership and it does not retain control of the financial asset. Cash and cash equivalents Cash and cash equivalents comprise cash balances and bank deposits. Non-derivative financial liabilities Initial recognition and measurement Financial liabilities are recognised when, and only when, the Group becomes a party to the contractual provisions of the financial instrument. The Group determines the classification of its financial liabilities at initial recognition. All financial liabilities are recognised initially at fair value plus in the case of financial liabilities not at fair value through profit or loss, directly attributable transaction costs. For financial liabilities at fair value through profit or loss, directly attributable transaction costs are recognised in profit or loss incurred. Subsequent measurement After initial recognition, financial liabilities that are not carried at fair value through profit or loss are subsequently measured at amortised cost using the effective interest method. Gains and losses are recognised in profit or loss when the liabilities are de-recognised, and through the amortisation process. Financial liabilities at fair value through profit or loss are measured at fair value and net gains and losses, including any interest expense, are recognised in profit or loss. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 29 De-recognition A financial liability is de-recognised when the obligation under the liability is discharged or cancelled or expires. On de-recognition, the difference between the carrying amounts and the consideration paid is recognised in profit or loss. Offsetting Financial assets and liabilities are offset and the net amount presented on the balance sheets when, and only when, the Group has a legal right to offset the amounts and intends either to settle on a net basis or to realise the asset and settle the liability simultaneously. The rights of offset must not be contingent on a future event and must be enforceable in the event of bankruptcy or insolvency of all the counterparties to the contract. Ordinary shares Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of ordinary shares are recognised as a deduction from equity, net of any tax effects. Derivative financial instruments and hedge accounting The Group holds derivative financial instruments to hedge its foreign currency and interest rate risk exposures. Embedded derivatives are separated from the host contract and accounted for separately if the host contract is not a financial asset and certain criteria are met. Derivatives are initially measured at fair value and any directly attributable transaction costs are recognised in profit or loss as incurred. Subsequent to initial recognition, derivatives are measured at fair value, and changes therein are generally recognised in profit or loss. The Group designates certain derivatives and non-derivative financial instruments as hedging instruments in qualifying hedging relationships. At inception of designated hedging relationships, the Group documents the risk management objective and strategy for undertaking the hedge. The Group also documents the economic relationship between the hedged item and the hedging instrument, including whether the changes in cash flows of the hedged item and hedging instrument are expected to offset each other. The Group applies hedge accounting for certain hedging relationships which qualify for hedge accounting. For the purpose of hedge accounting, hedges are classified as: • cash flow hedges when hedging exposure to variability in cash flows that is either attributable to a particular risk associated with a recognised asset or liability or a highly probable forecast transaction or the foreign currency risk in an unrecognised firm commitment; or • fair value hedges when hedging the exposure to changes in fair value of a recognised asset or liability or an unrecognised firm commitment. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 30 Cash flow hedges When a derivative is designated as the hedging instrument in a hedge of the variability in cash flows attributable to a particular risk associated with a recognised asset or liability or a highly probable forecast transaction that could affect profit or loss, the effective portion of changes in the fair value of the derivative is recognised in other comprehensive income and presented in the hedging reserve in equity. Any ineffective portion of changes in the fair value of the derivative is recognised immediately in profit or loss. When the hedged item is a non-financial asset, the amount accumulated in equity is included in the carrying amount of the asset when the asset is recognised. In other cases, the amount accumulated in equity is reclassified to profit and loss in the same period that the hedged item affects profit or loss. If the hedging instrument no longer meets the criteria for hedge accounting, expires or is sold, terminated or exercised, or the designation is revoked, then hedge accounting is discontinued prospectively. When a cash flow hedge is discontinued, the cumulative gain or loss previously recognised in other comprehensive income will remain in the cash flow hedge reserve until the future cash flows occur if the hedged future cash flows are still expected to occur or reclassified to profit or loss immediately if the hedged future cash flows are no longer expected to occur. Fair value hedges Changes in the fair value of a derivative hedging instrument designated as a fair value hedge are recognised in profit or loss. The hedged item is adjusted to reflect changes in its fair value in respect of the risk being hedged; the gain or loss attributable to the hedged risk is recognised in profit or loss with an adjustment to the carrying amount of the hedged item. Hedges directly affected by interest rate benchmark reform Phase 1 amendments: Prior to interest rate benchmark reform – when there is uncertainty arising from interest rate benchmark reform For the purpose of evaluating whether there is an economic relationship between the hedged item(s) and the hedging instrument(s), the Group assumes that the benchmark interest rate is not altered as a result of interest rate benchmark reform. For a cash flow hedge of a forecast transaction, the Group assumes that the benchmark interest rate will not be altered as a result of interest rate benchmark reform for the purpose of assessing whether the forecast transaction is highly probable and presents an exposure to variations in cash flows that could ultimately affect profit or loss. In determining whether a previously designated forecast transaction in a discontinued cash flow hedge is still expected to occur, the Group assumes that the interest rate benchmark cash flows designated as a hedge will not be altered as a result of interest rate benchmark reform. The Group will cease to apply the specific policy for assessing the economic relationship between the hedged item and the hedging instrument (i) to a hedged item or hedging instrument when the uncertainty arising from interest rate benchmark reform is no longer present with respect to the timing and the amount of the contractual cash flow of the respective item or instrument or (ii) when the hedging relationship is discontinued. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 31 For its highly probable assessment of the hedged item, the Group will no longer apply the specific policy when the uncertainty arising from interest rate benchmark reform about the timing and the amount of the interest rate benchmark-based future cash flows of the hedged item is no longer present, or when the hedging relationship is discontinued. Phase 2 amendments: Replacement of interest rates – when there is no longer uncertainty arising from interest rate benchmark reform When the basis for determining the contractual cash flows of the hedged item or the hedging instrument changes as a result of interest rate benchmark reform and therefore there is no longer uncertainty arising about the cash flows of the hedged item or the hedging instrument, the Group amends the hedged documentation of that hedging relationship to reflect the change(s) required by interest rate benchmark reform. A change in the basis for determining the contractual cash flows is required by interest rate benchmark reform if the following conditions are met: • the change is necessary as a direct consequence of the reform; and • the new basis for determining the contractual cash flow is economically equivalent to the previous basis – i.e. the basis immediately before the change. For this purpose, the hedge designation is amended only to make one or more of the following changes: • designating an alternative benchmark rate as the hedged risk; • updating the description of hedged item, including the description of the designated portion of the cash flows or fair value being hedged; or • updating the description of the hedging instrument. The Group amends the description of the hedging instrument only if the following conditions are met: • it makes a change required by interest rate benchmark reform by changing the basis for determining the contractual cash flows of the hedging instrument or using another approach that is economically equivalent to changing the basis for determining the contractual cash flows of the original hedging instrument; and • the original hedging instrument is not derecognised. The Group amends the formal hedge documentation by the end of the reporting period during which a change required by interest rate benchmark reform is made to the hedged risk, hedged item or hedging instrument. These amendments in the formal hedge documentation do not constitute the discontinuation of the hedging relationship or the designation of a new hedging relationship. If changes are made in addition to those changes required by interest rate benchmark reform described above, then the Group first considers whether those additional changes result in the discontinuation of the hedge accounting relationship. If the additional changes do not result in discontinuation of the hedge accounting relationship, then the Group amends the formal hedge documentation for changes required by interest rate benchmark reform as mentioned above. When the interest rate benchmark on which the hedged future cash flows had been based is changed as required by interest rate benchmark reform, for the purpose of determining whether the hedged future cash flows are expected to occur, the Group deems that the hedging reserve recognised in OCI for the hedging relationship is based on the alternative benchmark rate on which the hedged future cash flows will be based. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 32 Intra-group financial guarantees in the separate financial statements Financial guarantees are financial instruments issued by the Group that require the issuer to make specified payments to reimburse the holder for the loss it incurs because a specified debtor fails to meet payment when due in accordance with the original or modified terms of a debt instrument. Financial guarantees issued are initially measured at fair value and the initial fair value is amortised over the life of the guarantees. Subsequent to initial measurement, the financial guarantees are measured at the higher of the amortised amount and the amount of loss allowance. Expected credit losses are a probability-weighted estimate of credit losses. Expected credit losses are measured for financial guarantees issued as the expected payments to reimburse the holder less any amounts that the Group expects to recover. 3.7 Impairment Non-derivative financial assets The Group recognises an allowance for expected credit losses (“ECLs”) for all debt instruments not held at fair value through profit or loss and financial guarantee contracts. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. ECLs are recognised in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is recognised for credit losses expected over the remaining life of the exposure, irrespective of timing of the default (a lifetime ECL). For trade receivables and contract assets, the Group applies a simplified approach in calculating ECLs. Therefore, the group does not track changes in credit risk, but instead recognises a loss allowance based on lifetime ECLs at each reporting date. The Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. For debt instruments at fair value through OCI, the Group applies the low credit risk simplification. At every reporting date, the Group evaluates whether the debt instrument is considered to have low credit risk using all reasonable and supportable information that is available without undue cost or effort. The Group considers a financial asset potentially in default when contractual payments are 180 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 33 Non-financial assets The carrying amounts of the Group’s non-financial assets, other than inventories and deferred tax assets, are reviewed at each reporting date to determine whether there is any indication of impairment. If any such indication exists, the asset’s recoverable amounts are estimated. For goodwill and intangible assets that have indefinite useful lives or that are not yet available for use, recoverable amount is estimated each year at the same time. An impairment loss is recognised if the carrying amount of an asset or its related cash-generating unit (“CGU”) exceeds its estimated recoverable amount. The recoverable amount of an asset or CGU is the greater of its value in use and its fair value less costs to sell. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset or CGU. For the purpose of impairment testing, assets that cannot be tested individually are grouped together into the smallest group of assets that generates cash inflows from continuing use that are largely independent of the cash inflows of other assets or CGU. Subject to an operating segment ceiling test, for the purposes of goodwill impairment testing, CGUs to which goodwill has been allocated are aggregated so that the level at which impairment testing is performed reflects the lowest level at which goodwill is monitored for internal reporting purposes. Goodwill acquired in a business combination is allocated to groups of CGUs that are expected to benefit from the synergies of the combination. The Group’s corporate assets do not generate separate cash inflows and are utilised by more than one CGU. Corporate assets are allocated to CGUs on a reasonable and consistent basis and tested for impairment as part of the testing of the CGU to which the corporate asset is allocated. Impairment losses are recognised in profit or loss. Impairment losses recognised in respect of CGUs are allocated first to reduce the carrying amount of any goodwill allocated to the CGU (group of CGUs), and then to reduce the carrying amounts of the other assets in the CGU (group of CGUs) on a pro rata basis. An impairment loss in respect of goodwill is not reversed. In respect of other assets, impairment losses recognised in prior periods are assessed at each reporting date for any indications that the loss has decreased or no longer exists. An impairment loss is reversed if there has been a change in the estimates used to determine the recoverable amount. An impairment loss is reversed only to the extent that the asset’s carrying amount does not exceed the carrying amount that would have been determined, net of depreciation or amortisation, if no impairment loss had been recognised. Such reversal of impairment is recognised in profit or loss. Goodwill that forms part of the carrying amount of an investment in an associate or a joint venture is not recognised separately, and therefore is not tested for impairment separately. Instead, the entire amount of the investment in an associate or a joint venture is tested for impairment as a single asset when there is objective evidence that the investment in an associate or a joint venture may be impaired. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 34 3.8 Inventories Spare parts, accessories and other consumables are measured at the lower of cost and net realisable value. Cost is determined based on the weighted average method, and includes expenditure in acquiring the inventories and other costs incurred in bringing them to their existing location and condition. Cost may also include transfers from other comprehensive income of any gain or loss on qualifying cash flow hedges of foreign currency purchases of inventories. Allowance for obsolete, deteriorated or damaged stocks is made when considered appropriate. 3.9 Accrued revenue Revenue accrual estimates are made to account for the unbilled amount at the reporting date. 3.10 Contract balances Progress billings to customers are based on a payment schedule in the contract and are typically triggered upon achievement of specified contractual milestones. A contract asset is recognised when the Group has performed under the contract but has not yet billed the customer. Conversely, a contract liability is recognised when the Group has not yet performed under the contract but has received advanced payments from the customer. Contract assets are transferred to receivables when the rights to consideration become unconditional. Contract liabilities are recognised as revenue as the Group performs under the contract. Contract assets are subject to impairment assessment. Note 3.7 sets out the accounting policy on impairment of financial assets. 3.11 Employee benefits Provision is made for the accrued liability for employee entitlements arising from services rendered by employees up to the reporting date. The provision represents the Group’s total estimated liability at the reporting date for employee entitlements. Long service leave The liability for long service leave is recognised in the provision for employee benefits and is measured as the present value of expected future payments to be made in respect of services provided by employees up to the reporting date, including on-costs. Consideration is given to expected future salary levels, experience of employee departures and periods of service. Expected future payments are discounted using interest rates on government guaranteed bonds with terms to maturity and currencies that match, as closely as possible, the estimated future cash outflows. Defined contribution plans A defined contribution plan is a post-employment benefit plan under which an entity pays fixed contributions into a separate entity and will have no legal or constructive obligation to pay further amounts. Obligations for contributions to defined contribution plans are recognised as an employee benefit expense in profit or loss in the periods during which services are rendered by employees. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 35 Short-term employee benefits Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided. A liability is recognised for the amount expected to be paid under short-term cash bonus or profit-sharing plans if the Group has a present legal or constructive obligation to pay this amount as a result of past service provided by the employee, and the obligation can be estimated reliably. 3.12 Provisions A provision is recognised if, as a result of a past event, the Group has a present legal or constructive obligation that can be estimated reliably, and it is probable that an outflow of economic benefits will be required to settle the obligation. Provisions are determined by discounting the expected cash flows at a pre-tax rate that reflects current market assessments of the time value of money and the risks specific to the liability. The unwinding of the discount is recognised as finance cost. Environmental Environmental provision is made for the rehabilitation of sites based on the estimated costs of the rehabilitation. The liability includes the costs of reclamation, plant closure and dismantling, and waste site closure. The liability is determined based on the present value of the obligation. Annual adjustments to the liability are recognised in profit or loss over the estimated life of the sites. The costs are estimated based on assumptions of current legal requirements and technologies. Any changes in estimates are dealt with on a prospective basis. Onerous contracts A provision for onerous contracts is recognised when the expected benefits to be derived by the Group from a contract are lower than the unavoidable cost of meeting its obligations under the contract. The provision is measured at the present value of the lower of the expected cost of terminating the contract and the expected net cost of continuing with the contract. Before a provision is established, the Group recognises any impairment loss on the assets associated with that contract. 3.13 Government grant Capital grant is recognised on a straight-line basis and taken to profit or loss over the periods necessary to match the depreciation of the assets purchased with the government grants. Operating grant is taken to profit or loss on a systematic basis in the same periods in which the expenses are incurred. 3.14 Deferred construction cost compensation Deferred construction cost compensation received to defray costs relating to the construction of an asset are accounted for as a government grant. Note 3.13 sets out the government grant accounting policy. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 36 3.15 Deferred income Deferred income comprises (i) government grants for the purchase of depreciable assets, (ii) contributions made by certain customers towards the cost of capital projects received prior to 1 July 2009 and (iii) compensation received to defray operating expenses. Government grants and customer contributions Deferred income is recognised on a straight-line basis and taken to profit or loss over the periods necessary to match the depreciation of the assets purchased with the government grants and customers’ contribution. 3.16 Regulatory deferral account (“RDA”) debit or credit balances Use of system charges, transportation of gas, district cooling services and Market Support Services fees Regulatory deferral account debit or credit balances represent timing differences between revenue recognised for financial reporting purposes and revenue earned for regulatory purposes. Movements in the regulatory deferral account debit or credit balances are recognised in profit or loss over the periods necessary to adjust revenue recognised for financial reporting purposes to revenue earned for regulatory purposes based on services rendered. At the end of each regulatory period, adjustments for amounts to be recovered or refunded are taken to profit or loss as net movement in regulatory deferral account balances. 3.17 Price regulation and licence The Group’s operations in Singapore are regulated under the Electricity Licence for Transmission Licensee, Electricity Licence for Market Support Services Licensee, Gas Licence, and the District Cooling Services Licence issued by the Energy Market Authority (“EMA”) of Singapore. Allowed revenue to be earned from the supply and transmission of electricity, transportation of gas and the provision of market support services is regulated based on certain formulae and parameters set out in those licences, relevant acts and codes. Allowed revenue for district cooling corresponds to the quantum which the Group is entitled to under Condition 13 (Economic Regulation) of its District Cooling Services Licence issued by the Energy Market Authority of Singapore. Revenue recognised for financial reporting purposes may differ from revenue earned for regulatory purposes due to revenue or volume variances. This may result in adjustments that may increase or decrease tariffs in succeeding periods. Amounts to be recovered or refunded are brought to account as adjustments to net movement in regulatory deferral account debit or credit balances in the income statement in the period in which the Group becomes entitled to the recovery or liable for the refund. The Group’s capital expenditure may vary from its regulatory plan and is subject to a review by the EMA. The results of the variances in capital expenditure may be translated into price adjustments, if any, in the following reset period. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 37 The use of system charges, transportation of gas charges and allowed revenue to be recovered from Market Support Services fees are approved by the EMA for a 5-year regulatory period in accordance with the price regulation framework. 3.18 Revenue recognition Revenue is measured based on the consideration to which the Group expects to be entitled in exchange for transferring promised goods or services to a customer, excluding amounts collected on behalf of third parties. Revenue is recognised when the Group satisfies a performance obligation by transferring a promised good or service to the customer, which is when the customer obtains control of the good or service. A performance obligation may be satisfied at a point in time or over time. The amount of revenue recognised is the amount allocated to the satisfied performance obligation. Sale of electricity Revenue from the sale of electricity is recognised over time when electricity is delivered to consumers. Use of system charges and transportation of gas Revenue from use of system charges and transportation of gas is recognised over time based on tariff billings to customers when the volume of electricity and gas is delivered. Revenue from take-or-pay arrangements relating to the transportation of gas is recognised when it is probable that such revenue is receivable. District cooling service income Income from services is recognised over time when the services are rendered. Agency fees and Market Support Services fees Agency fees from acting as billing agent and fees for services provided as the Market Support Services Licensee are recognised over time when the services are rendered. Dividend income Dividend income is recognised on the date that the Group’s right to receive payment is established. Rental income Rental income is recognised in profit or loss on a straight-line basis over the term of the lease. Support service income and management fees Support service income and management fees are recognised when the services are rendered. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 38 Meters supply and installation fees The Group entered into a contract with customer to provide meters and installation services. Management has considered that the meters have no alternative use for the Group due to contractual restrictions, and the Group has enforceable rights to payment for performance completed to date, arising from the contractual terms. Accordingly, revenue is recognised over the period of the contract by reference to the progress towards complete satisfaction of the performance obligation. The measure of progress is determined based on the proportion of costs incurred to date to the estimated total contract costs (“input method”). Costs incurred that are not related to the contract or that do not contribute towards satisfying the performance obligation are excluded from the measure of progress and instead are expensed as incurred. Estimates of revenues, costs or extent of progress toward completion are revised if circumstances change. Any resulting increases or decreases in estimated revenues or costs are reflected in the profit or loss in the period in which the circumstances that give rise to the revision become known by management. 3.19 Leases The Group assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. As lessor Leases in which the Group does not transfer substantially all the risks and rewards of ownership of the asset are classified as operating leases. Initial direct costs incurred in negotiating an operating lease are added to the carrying amount of the leased asset and recognised over the lease term. Rental income under operating leases are recognised in profit or loss over the term of the lease. Where assets are leased under a finance lease, the present value of the lease payments is recognised as a receivable. The difference between the gross receivable and the present value of the receivable is recognised as unearned finance income. Lease income is recognised over the lease term using the net investment method, which reflects a constant periodic rate of return. Contingent rental income is recognised in profit or loss in the accounting period in which they are incurred. As lessee The Group applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets. The Group recognises lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. Right-of-use assets The Group recognises right-of-use assets at the commencement or on modification date of the lease (i.e., the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognised, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 39 If ownership of the leased asset transfers to the Group at the end of the lease term or the cost reflects the exercise of a purchase option, depreciation is calculated using the estimated useful life of the asset. The right-of-use assets are also subject to impairment. Refer to Note 3.7 for the accounting policy. Lease liabilities At the commencement date of the lease, the Group recognises lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments (including in-substance fixed payments) less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Group and payments of penalties for terminating the lease, if the lease term reflects the Group exercising the option to terminate. Variable lease payments that do not depend on an index or a rate are recognised as expenses (unless they are incurred to produce inventories) in the period in which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Group uses its incremental borrowing rate at the lease commencement date because the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the lease payments (e.g., changes to future payments resulting from a change in an index or rate used to determine such lease payments) or a change in the assessment of an option to purchase the underlying asset. Short-term leases and leases of low-value assets The Group applies the short-term lease recognition exemption to its short-term leases of machinery and equipment (i.e., those leases that have a lease term of 12 months or less from the commencement date and do not contain a purchase option). It also applies the lease of low-value assets recognition exemption to leases of equipment that are considered to be low value. Lease payments on short-term leases and leases of low-value assets are recognised as expense on a straight-line basis over the lease term. Covid-19-related rent concessions The Group has applied Amendment to SFRS(I) 16 Covid-19-Related Rent Concessions. The Group applies the practical expedient allowing it not to assess whether eligible rent concessions that are a direct consequence of the Covid-19 pandemic are lease modifications. The Group applies the practical expedient consistently to contracts with similar characteristics and in similar circumstances. For rent concessions in leases to which the Group chooses not to apply the practical expedient, or that do not qualify for the practical expedient, the Group assesses whether there is a lease modification. Singapore Power Limited and its subsidiaries Financial statements Year ended 31 March 2022 40 3.20 Finance income and costs Finance income comprises interest income on funds invested. Interest income is recognised as it accrues, using the effective interest method. Finance costs comprise interest expense on borrowings, unwinding of the discount on provisions, fair value gains or losses on financial assets and liabilities at fair value through profit or loss, impairment losses recognised on financial assets (other than trade receivables), gains or losses on hedging instruments that are recognised in profit or loss, amortisation of transaction costs capitalised and interest expense on lease liabilities. Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognised in profit or loss using the effective interest method. 3.21 Tax expense Tax expense comprises current and deferred tax. Current and deferred taxes are recognised in profit or loss except to the extent that it relates to a business combination, or items recognised directly in equity or in other comprehensive income. Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the reporting date, and any adjustment to tax payable in respect of previous years. Deferred tax is recognised in respect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax is not recognised for: • temporary differences on the initial recognition of assets or liabilities in a transaction that is

SP Energy HubAnnual ReportReliabilitySustainabilityInnovation Pushing boundaries to impact future generations RELIABILITY Managing high voltage equipment is all in a day’s work for our senior engineer Tan Jie Yi. She works in the Transmission Operation and Maintenance team, part of the 24/7 operations that contribute to Singapore’s world-class network reliability. No detail is too small when conducting maintenance work for switchgears – key components in the smooth distribution of electricity to customers in industries, businesses and households. With 13 years of engineering experience under her belt, Jie Yi is unfazed by the technical and hands-on nature of her job. Join us as we discover how Jie Yi’s career has come “full circle” for her and has fuelled her passion in engineering. Tan Jie Yi, Senior Engineer in Transmission Operation and Maintenance team, finds joy and fulfilment in keeping the nation’s world-class electricity grid running. Finding her path into the engineering industry more than a decade ago, Jie Yi’s passion for scaling new heights led her to where she is today in SP Group. Formerly in the switchgear manufacturing industry, Jie Yi literally switched gears when she joined SP, as she deepened her technical expertise by learning to manage the full cycle of switchgears – from installation to maintenance. “Now that I’m on the client side, I can better appreciate the priorities and challenges faced during maintenance and understand how we can address them during the project installation phase. Like most engineers, I enjoy problem-solving. The adrenaline rush keeps me going!”   Here, we see Jie Yi assisting to perform switching work in a transmission substation. Electrical networks have to be shut down safely before maintenance work can be carried out. The team performs equipment maintenance and renewal according to a rigorous schedule. When asked about what it takes to prove her mettle in a field that has been conventionally male-dominated, Jie Yi’s advice is to strengthen one’s competency. “You need to put in effort to have sound knowledge of the operations and protocols. Gender doesn’t get in the way when you can stand up to the quality of your work.” Jie Yi is currently undergoing training to attain her switching certificate. This will allow her to operate high-voltage equipment independently. Jie Yi’s advice to those interested in engineering is to start from ground up to build a strong knowledge foundation, and always be hungry to know and learn more. “When you start from the bottom, there is nowhere to go but up,” she shares. This philosophy is mirrored in her own career, where she started as an engineering assistant and worked her way up to become a project manager. To Jie Yi and her team, they believe that the work they are doing today, is an investment for generations to come. This also holds true as she embarked on a new journey as a first-time mum to twins!  TAGS PEOPLE OF SPRELIABILITY YOU MIGHT BE INTERESTED TO READ Engineer, 27, shares how she is undaunted by male-dominated energy industry & climbs the ranks Lighting the way: Following in his father’s footsteps to keep S’pore’s power grid running 24/7 How this technical officer and robot SPock hunt hazards to protect Singapore’s power tunnels

News Release Sembcorp and SP Group to Collaborate on an Environmental Sustainability Platform Platform to offer one-stop global solution to help customers meet sustainability targets Singapore, 27 October 2020 – Leading energy companies Sembcorp Industries (Sembcorp) and SP Group (SP) are collaborating to develop an Environmental Sustainability Platform, a one-stop global solution to help corporates and consumers achieve their sustainability goals. The launch of the platform is planned for the first quarter of 2021. The platform aims to include a marketplace that trades renewable energy certificates (RECs) and carbon credits as well as provide carbon consulting services. RECs are a recognised way of achieving green targets and a credible means for buyers to report their consumed energy comes from renewable energy sources. Carbon credits are tradable certificates that allow buyers to offset their greenhouse gas emissions (GHG) by supporting projects aimed at reducing GHG emissions. Carbon consulting services include analysis, advisory and strategy development to assist corporates in achieving their carbon emission reduction targets. The momentum for climate action is accelerating. In 2015, Singapore pledged to reduce the nation’s emission intensity by 36 per cent from 2005 levels by 2030, and to stabilise emissions with the aim of peaking around 20301 . The national target is to halve emissions from its peak to 33 million tonnes of CO2 equivalent by 2050, with a view to achieving net zero emissions as soon as viable in the second half of the century. Increasingly, companies are incorporating environmental, social and corporate governance (ESG) factors into their business strategies and practices, which has led to growing demand for environmental solutions to offset GHG emissions. The Environmental Sustainability Platform will tap on the expertise of both parties to provide consultancy services that encompass physical and digital solutions across energy, water and waste management – enabling corporates to achieve their GHG reduction targets. More companies have joined the RE100, a global initiative that brings together the world’s leading businesses committed to using only renewable electricity. As of September this year, the number of companies who have set Science Based Targets2 to pursue efforts to limit global warming to 1.5oC has increased by about 45 per cent from the same period in 2019. The Sembcorp-SP collaboration will cater to demand among corporates and consumers to reduce their carbon intensity and improve their sustainability credentials. Mr Stanley Huang, SP’s Group Chief Executive Officer said: “This platform complements SP Group’s full suite of sustainable energy solutions that enable individuals and corporates to achieve a lowcarbon, smart energy future. We contribute through deep experience and a strong track record of serving our strong base of 1.6 million industrial, commercial and residential customers in Singapore and the region, as well as operating the world’s first blockchain-powered RECs platform.” Mr Wong Kim Yin, Group President and Chief Executive Officer, Sembcorp Industries, said: “Our partnership with SP is timely as more customers pivot towards low-carbon energy goals. We are well positioned to add value through our strong global energy expertise, digital innovation and renewables portfolio. This offering, together with the 2,600MW renewable energy assets we have developed across key markets, enables Sembcorp and our customers to contribute actively towards a sustainable future.” SP Group, through its existing REC platform, has been providing corporates with a one-stop automated process of buying and selling of RECs by the I-REC Standard3. Customers enjoy the convenience, ease and transparency for the issuance, transaction and redemption of RECs. In addition, SP’s My Green CreditsTM provides individuals and households in Singapore an affordable and convenient way to purchase RECs via the SP Utilities App and match their electricity consumption with an equivalent amount of green energy produced to support renewable energy generation. The Sembcorp REC platform offers customers high liquidity and flexibility with a stable source of RE100-recognised RECs. As an aggregator, Sembcorp combines qualified RECs from sellers for sale to customers seeking high quality sources. With its strong supply base of RECs and access to other renewable energy generators in Singapore and the region, Sembcorp will add to the list of thirdparty assets offered on the combined platform. 1 Singapore’s Climate Action Plan: Take Action Today, For a Carbon-Efficient Singapore, 2016, National Climate Change Secretariat, Prime Minister’s Office, Singapore 2 The Science Based Targets initiative (SBTi) calls on organisations to set and commit to greenhouse gas emissions reduction targets that “limit global warming to well-below 2oC above pre-industrial levels and pursue efforts to limit warming to 1.5oC”. 3 I-REC Standard ensures a stringent process for the trading of RECs by mitigating double claiming, double counting and double certificate issuance. This provides the assurance that each REC transaction is with integrity and secure.