The project, a first in the country, consists of a centralized chilled water plant (35 MW) supplying the 15 buildings (totalizing 390,000 sqm) owned by CPI for an estimated investment of €24 million. Cofely Philippines will be the project manager during the construction period and the operation & maintenance provider over a 20 year contract.
As the number one supplier of energy and environmental efficiency services in the world, Cofely guarantees that the district cooling system will cut annual energy consumption by half while providing clean power. More than these savings, the venture requires minimal maintenance while decreasing operating expenses of the CPI buildings, further lessening costs.
Thanks to this project, GDF SUEZ enters the energy market in the Philippines. It is fully in line with GDF SUEZ development in energy services in this area which includes the acquisition in 2014 of Keppel FMO in Singapore and the acquisition in 2012 of the urban cooling network of Cyberjaya in Malaysia.
This project, part of the efforts of sustainability of the Filinvest Group, will enable the Filinvest Group to support the strategy of the Government of the Philippines for the development of sustainable energy, with the support and expertise of GDF SUEZ in the field of energy efficiency.
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