In Singapore, the Group’s first biomass co-generation power plant in Sungei Kadut supplies waste steam for a number of industrial applications. The waste steam application from the plant was the first registered Clean Development Mechanism (“CDM”) project in Singapore.

The Group’s second biomass co-generation power plant in Singapore at the iconic Gardens by the Bay (Marina South) commenced operation in November 2011 for the supply of energy to Gardens by the Bay. The supply of renewable energy to the park’s two conservatories has been steady since January 2012. The biomass co-generation power plant was constructed under a Design, Build and Operate agreement entered with Gardens by the Bay for a fifteen years period.

In China, the Group has two biomass co-generation projects. The Group’s wholly owned subsidiary Hivern Investment Pte Ltd owns a 24MW biomass co-generation power plant situated in the Industrial park in Changyi Binhai (Lower) Economic Development Zone and the Group’s 49% held subsidiary in Wuhan, Wuhan ecoWise Energy Co., Ltd., currently owns a 25MW coal-fired power plant which ceased operation in 2010 pending for the commencement of the process to convert it into a 25MW biomass co-generation power plant