BUSINESS

ENGIE, SUNWAY PROPERTY TEAM UP TO PROVIDE SUSTAINABLE COOLING SOLUTIONS

26/07/2022 08:11 PM

KUALA LUMPUR, July 26 (Bernama) -- ENGIE Services Malaysia Sdn Bhd (ENGIE) and Sunway Property have teamed up to implement a district cooling system at Sunway South Quay Commercial Precinct 2 (CP2).

Both parties have entered into a build, own, operate and transfer (BOOT) agreement through ENGIE-SUNWAY DCS Sdn Bhd (ENGIE-SUNWAY).

In a joint statement today, Sunway Property said the Sunway South Quay CP2 comprises 23 and 21-storey office blocks, a five-storey retail component and a 12-storey university block development.

The block includes Sunway University’s Performing Arts Centre with LEED Gold and GreenRE certifications which is close to RM2 billion in gross development value.

According to ENGIE, the district cooling system offers the most energy-efficient solutions to Southeast Asian cities and urban areas as it elevates energy efficiency significantly, enabling supply to be scaled in line with demand.

"The project cooling solutions will help to lower the operating costs while effectively reining in carbon emissions, benefiting the air quality while furthering Malaysia’s sustainability journey as contracted for 25 years.

“The implementation of this cooling solution has a capacity of more than 7,000 refrigeration tonnes (RT) put in place which will operate on the BOOT model for a greenfield mixed-use development,” it said.

The statement also noted that the partnership is expected to bring a total end-to-end value proposition for district cooling solutions, covering engineering, financing, construction, operation, and maintenance of such infrastructures, both for greenfield and brownfield urban development projects.

Energy Solutions Asia-Pacific chief executive officer and country head for Southeast Asia Thomas Baudlot said the partnership enables them to accelerate the deployment of such solutions across Malaysia.

“This first jointly developed low carbon solution will help Sunway South Quay CP2 save close to 20 per cent energy and carbon dioxide on its air conditioning needs and help drive the energy transition agenda of the country,” he said. 

Meanwhile, Sunway Property's central region senior executive director Chong Sau Min said sustainability has been long embedded in Sunways’ DNA since its inception.

“As the Master Community Developer, we are committed to reducing our carbon footprint through improved energy efficiency and integration of renewable energy sources, and race to a net zero carbon future, while encouraging many more commercial and industrial districts to follow suit,” he said.

Through this joint venture, Chong said the key to accelerating urban transformations and implementing successful solutions for environmental issues lies in collaborating with partners with a great track record in implementing green energy solutions

ENGIE-SUNWAY is a 40 per cent owned associated company of Sunway SK Sdn Bhd which in turn, is a wholly-owned subsidiary of Sunway Construction Group Bhd (SunCon).

-- BERNAMA 

 

 

 

 

 


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