PROPERTY NEWS: ENGIE, Sunway Property collaborate to supply sustainable cooling alternatives

Key takeaway:

Sunway South Quay CP2 cooling systems will assist to reduce operational expenses while successfully reducing carbon emissions, and improving air quality.

A construct, own, operate, and transfer (BOOT) contract for the installation of a district cooling system at Sunway South Quay Commercial Precinct 2 has been signed by Sunway Property and ENGIE Services Malaysia Sdn Bhd (CP2).

The new integrated waterfront lifestyle centre, Sunway South Quay, owned by Sunway Property, has a gross development value of RM2 billion. It is situated in Sunway City Kuala Lumpur.

The project comprises of LEED Gold and GreenRE-certified 21 and 23-story commercial buildings, a 5-story retail area, and a 12-story university block that houses Sunway University's Performing Arts Centre.

The BOOT contract was negotiated by ENGIE-SUNWAY DCS Sdn Bhd, a 40%-owned subsidiary of Sunway SK Sdn Bhd, a wholly-owned subsidiary of Sunway Construction Group Bhd.

The real estate division of Sunway Group, Sunway Property, said that ENGIE's district cooling system offers Southeast Asian cities and metropolitan regions the most energy-efficient options. It greatly increases energy efficiency and makes it possible to adjust supply to match demand.

According to a 25-year deal, Sunway South Quay CP2 cooling systems will assist to reduce operational expenses while successfully reducing carbon emissions, and improving air quality.

For this project, the BOOT model for a greenfield mixed-use development will be applied. A cooling system with a capacity of more than 7,000 refrigeration tonnes will be installed as part of it.

This first collaboratively created low carbon solution, according to Thomas Baudlot, chief executive officer of Energy Solutions APAC and national head for Southeast Asia, would enable Sunway South Quay CP2 save up to 20% of energy and CO2 on its air conditioning demands.

The ENGIE-SUNWAY partnership will offer a complete end-to-end value proposition for district cooling solutions, including engineering, financing, construction, operation, and maintenance of such infrastructures for both greenfield and brownfield urban development projects, according to Chong Sau Min, senior executive director of Sunway Property central region.

He thinks that the secret to expediting urban transitions and putting effective environmental solutions into place is working with partners that have a track record of delivering green energy solutions.

©️ July, 2022, nst.com.my