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[¿ø¹®º¸±â]


PUB enhances Water Efficiency Fund to support water efficiency and sustainable water management among businesses

Push for water conservation among businesses to strengthen Singapore¡¯s water resilience

Funding cap for water recycling projects will be raised from $1 mil to $5 mil from July 2023


 

Singapore, 5 June 2023 - National water agency PUB will raise its funding cap for water recycling projects under the Water Efficiency Fund (WEF) from $1 million to $5 million from 1 July 2023, as part of its continuing efforts to drive water conservation efforts and promote sustainable water management practices in the non-domestic sector. 


PUB will also provide expanded support for various project categories under WEF to incentivise more companies to adopt efficient and innovative ways of managing water demand. 


This was announced by Minister for Sustainability and the Environment Grace Fu during the Singapore International Water Week (SIWW) Spotlight 2023 event held at the Paradox Singapore Merchant Court.


Since its establishment in 2007, WEF has provided funding for companies to implement water recycling, adopt innovative technologies for water conservation, and conduct studies to identify water saving opportunities in their operations. 


To date, 375 successful applications have received grants of varying amounts from PUB, which would result in water savings of 70 million litres a day when fully implemented.


Greater push to manage water demand among non-domestic users


Singapore¡¯s water demand is expected to double by 2065, with the non-domestic sector expected to account for two-thirds of this demand. The impact of climate change will also stress our limited water resources. 


With growing water needs, it is imperative for businesses and industries to prioritise water efficiency and embrace sustainable water management practices, to ensure a sustainable and resilient water supply for Singapore.


Recognising the critical role of businesses and industries in ensuring long-term water sustainability, PUB has been working closely with non-domestic users to reduce their water demand. 


It also offers technical support to help companies identify water-saving opportunities within their operations, and match them with technology providers. Success stories in water management are actively shared through platforms such as SIWW and site visits to inspire and motivate businesses to adopt water-saving measures.


During the Committee of Supply debate in March this year, PUB announced plans to mandate water recycling requirements on new projects in the water-intensive wafer fabrication, electronics and biomedical sectors from January 2024. With the new recycling requirements, Singapore is projected to achieve an additional 40 million litres of water savings per day from 2035.


¡°Water conservation is increasingly becoming an integral part of companies¡¯ operations and business sustainability strategy. By implementing water recycling and water-efficient systems, companies can make an immediate impact and reduce their water demand, achieve cost savings and strengthen their long-term competitiveness and resource resilience. This will also ensure sustainable growth in long term water demand in Singapore. The enhancement of WEF is yet another step that we are taking to support companies in their water conservation efforts, and safeguard our water future.¡± said Mr Ridzuan Ismail, Director of PUB¡¯s Water Supply Network Department.


Enhancements to Water Efficiency Fund


PUB will make the following enhancements to the WEF from 1 July 2023:


a) Increase funding cap for water recycling or use of alternate sources of water projects from $1 million to $5 million. This will improve payback period for businesses implementing large-scale water recycling projects.


b) Increase funding cap for the Industrial Water Solutions Demonstration Fund (IWSDF) from $4 million to $5 million. This is a sub-scheme under WEF targeted at the implementation of new technologies and innovative solutions.


c) Increase co-funding ratio for water efficiency assessments and pilot studies from 50% to 70%, to support and encourage businesses to embark on their water conservation journey. Funding cap for pilot studies will be increased from $50,000 to $150,000. This will benefit smaller businesses, and businesses in less water-intensive sectors. (Refer to details in Annex A)


Recognising water champions


To recognise the outstanding efforts of water champions who have been instrumental in advancing water saving initiatives, PUB will present the prestigious Singapore Watermark Awards (SWMA) and Water Efficiency Awards2 in 2024. 


The SWMA will be Singapore¡¯s pinnacle accolade in water conservation, celebrating deserving organisations with exceptional achievements and made significant contributions towards water sustainability in Singapore. 


PUB will also expand the Water Efficiency Awards to recognise water efficiency projects that have demonstrated excellent improvements in water efficiency performance. By recognising role models in water conservation and sharing best-in-class practices, PUB aims to continue to inspire businesses and the community to do their part in conserving water. Further details about the awards, including nomination process and timelines, will be shared at a later date.


Engaging global leaders for a sustainable water future


The three-day SIWW Spotlight 2023 is jointly organised by PUB and the Ministry of Sustainability and the Environment as a high-level Summit with a focus on bringing global water utility and industry leaders together to share ideas and solutions around the key topics of net zero, decarbonisation, climate resilience and digitalisation. 


Themed ¡°Urgent Climate Action for a Sustainable Water Future¡±, the event was attended by 340 senior representatives from water utilities, water agencies and industry, including more than 40 water utility CEOs and C-suites. More information on SIWW Spotlight 2023 can be found in Annex B and on the event website www.siww.com.sg/spotlight-2023.


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