ENGIE Partners Sunway Property In Efforts To Reduce Carbon Emissions

ENGIE Services Malaysia Sdn Bhd (ENGIE) and Sunway Property have entered into a Build, Own, Operate and Transfer (BOOT) Agreement through ENGIE-SUNWAY DCS Sdn Bhd (ENGIE-SUNWAY) for a district cooling system destined for Sunway Property’s new integrated waterfront lifestyle hub known as Sunway South Quay Commercial Precinct 2 (CP2).

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

The Sunway South Quay CP2 development comprise of 23 and 21-storey office blocks, a 5-storey retail component and a 12-storey university block including the Sunway University’s Performing Arts Centre with LEED Gold and GreenRE certifications which is close to approximately RM2 billion in gross development value (GDV).

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

Contracted for 25 years, the Sunway South Quay CP2 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 in line with its commitments under the United Nations Sustainable Development Goals.

“ENGIE is very excited by this new partnership with Sunway. This first jointly developed low carbon solution will help Sunway South Quay CP2 save close to 20% energy and CO2 on its air conditioning needs. I’m convinced that the combination of both our organisations strengths will enable us to accelerate the deployment of such solutions across Malaysia and help drive the energy transition agenda of the country,” said Thomas Baudlot, CEO Energy Solutions APAC and Country Head for Southeast Asia.

The implementation of Sunway South Quay CP2 district cooling solution will see a cooling system that has a capacity of more than 7,000 refrigeration tonnes (RT) put in place. The project will operate on the BOOT model for a greenfield mixed-use development.

This ENGIE-SUNWAY partnership will also 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.

Sunway Property Central Region Senior Executive Director Chong Sau Min said, ” As the Master Community Developer, we are committed to reducing our carbon footprint through improved energy efficiency and integration of renewable energy sources; we race to a net zero carbon future, we hope to lead by example and encourage many more commercial and industrial districts in Malaysia to follow suit. With the worsening climate crisis, all societies need to raise the bar quickly, and this joint venture proves that Sunway is seriously committed to slowing down the worst impacts of the crisis. The project will accelerate the adoption of district cooling system technology in the future.”

Related articles

Finology Raises Fund From Silverlake Group, The Hive Southeast Asia, and MTDC To Enable Financial Inclusion

Finology Group (“Finology”), an Asia-Pacific fintech company that enables embedded...

Unilah: The University Super App For Students

In collaboration with Sunway iLabs, Disruptr will be featuring...

KWAP Set To Invest RM500 Million Through Dana Perintis Into Venture And Startup Ecosystem

Kumpulan Wang Persaraan (Diperbadankan) announced today the launch...

WAHDAH Introduces DRIVE, the Future of Fleet Management

WAHDAH Technologies Sdn. Bhd. has officially launched its newest...

Small Biz Summit 2023: Paving the Way for SMEs and Creative Entrepreneurs

Cult Creative, the organisers of Small Biz Summit 2023,...


Please enter your comment!
Please enter your name here