Over $4 million of annual energy bill is expected to be saved by KEPPEL Land in the completion of six projects certified by Green Mark.
Keppel Corporation’s property arm also targets the rating of Green Mark Gold from the Building and Construction Authority or BCA for all of its projects.
“In its commitment towards going green, the company has gone beyond the statutory requirement and pledged to achieve a minimum Green Mark Gold certification for all new projects,” says Keppel Land in a sustainability report.
The Green Mark Gold rating ranks third in a total of four certifications that are available.
Under the criteria of BCA, assessment of new buildings includes water and energy efficiency, along with environmental protection and quality, and based on the tallied points the buildings are ranked.
It is also said that overseas projects of Keppel Land will be made to meet international benchmarks.
Upon completing six Green Mark certified projects, it is expected that $3 to $4 million will be saved by Keppel Land depending on the electricity cost, or 18 million kilowatt per hour of annual energy reduction – enough to supply 3,000 homes in Singapore for one year.
The Green Mark certified projects of Keppel Land in Singapore include Keppel Bay’s Reflections, phase one of commercial development in Marina Bay Financial Centre, and Ocean Financial Centre. The certifications for these projects were given the previous year.
Estella, the condominium project of Keppel Land at Ho Chi Minh City also received the Green Mark certification in 2008.
Energy-efficiency measures have been applied by the company to all its buildings, including the Equity Plaza, Bugis Junction Tower, Prudential Towers and Keppel Bay Towers. And according to energy audits, the total yearly savings could reach or go beyond $1 million.