Memorandum of Understanding virtual signing ceremony between ENGIE South East Asia and Sunway Construction Sdn Bhd
Top row (L-R) ENGIE Services Malaysia Deputy Managing Director Wong Yin Kee and ENGIE South East Asia Chief Executive Officer Pierre Cheyron,
Bottom row (L-R) Sunway Construction Managing Director Liew Kok Wing and Sunway Construction Executive Director EricTan
ENGIE South East Asia and Sunway Construction Sdn Bhd, a wholly-owned subsidiary of Sunway Construction Group Berhad (SunCon) today announced that they have signed a memorandum of understanding (MoU) to set up a joint venture company (JVCo) to boost the country’s environmental sustainability effort. SunCon is part of Sunway Group, one of Malaysia’s largest conglomerates with core interest in real estate, construction, education, healthcare, retail and hospitality.
The JVCo will engineer, finance, construct, develop, operate and maintain district cooling systems for greenfield and brownfield urban development projects, including some of Sunway’s portfolio of office buildings, retail malls, educational institutions, medical centres, hotels, resorts, theme parks and factories. The JVCo will also leverage Sunway’s capabilities and experience as a conglomerate with 13 business divisions and the core business and technical competencies of ENGIE in integrated green and sustainable environmental solutions.
The partnership will contribute towards accelerating the adoption of district cooling technology in Malaysia. This is in line with Sunway’s commitment towards advancing the United Nations Sustainable Development Goals (UNSDG), particularly Goal 7: Affordable and Clean Energy.
Pierre Cheyron, ENGIE South East Asia Chief Executive Officer said, “We are delighted by this opportunity to collaborate with one of Malaysia’s largest conglomerates to aid the country’s low carbon transition. With the combined unparalleled deep expertise and global experience from both ENGIE and Sunway, we are confident that this partnership will bring about a significant impact on Malaysia’s sustainability objectives and her people in the country.”
Liew Kok Wing, Sunway Construction Sdn Bhd Managing Director commented, “We are pleased to be embarking on this partnership with ENGIE, which marks a significant milestone in our venture in the renewable energy sector. This new venture will not only provide strong long-term recurring revenue to SunCon, but also complements our core competencies in delivering value added and sustainable solutions to our clients.”
District Cooling Systems
Globally, district cooling systems are becoming the preferred cooling solutions for cities and buildings, as compared to stand-alone chiller plants. District cooling produces chilled water centrally for distribution to nearby facilities through a network of insulated pipes to achieve efficient air conditioning of buildings.
This technological approach is more efficient and generates significant savings in capital expenditures, energy and operating costs compared to the conventional usage of de-centralised chiller plants. District cooling is a key enabler in meeting the increasing air conditioning needs from businesses and customers in a more sustainable way for the environment, in Malaysia and in ASEAN.
ENGIE operates 393 district heating and cooling networks globally including four district cooling plants in South East Asia including Megajana District Cooling System at Cyberjaya, Malaysia, Northgate District Cooling Plant in The Philippines and the District Cooling Systems for Punggol Digital District in Singapore.
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