Sunway Property, ENGIE team up to reduce carbon emissions and provide cooling solutions in Sunway City KL

 By Sharen Kaur - Published by NST Property, July 26, 2022 

Sunway Property senior management and the ENGIE South East Asia management team at the signing of the BOOT agreement at Sunway Resort. Courtesy image

sharen@nst.com.my

Sunway Property and ENGIE Services Malaysia Sdn Bhd have signed a build, own, operate, and transfer (BOOT) agreement to install a district cooling system at Sunway South Quay Commercial Precinct 2 (CP2).

Sunway South Quay is Sunway Property's new integrated waterfront lifestyle hub, which has a gross development value of RM2 billion. It is located within Sunway City Kuala Lumpur.

The development consists of 21 and 23-story office buildings, a 5-story retail component, and a 12-story university block including Sunway University's Performing Arts Centre, all of which have LEED Gold and GreenRE certifications.

The BOOT agreement was reached through ENGIE-SUNWAY DCS Sdn Bhd, a 40 per cent-owned subsidiary of Sunway SK Sdn Bhd, which is a wholly-owned subsidiary of Sunway Construction Group Bhd.

ENGIE-SUNWAY DCS Sdn Bhd will install the district cooling system at the Sunway South Quay CP2 mixed-use development.

Sunway Property, which is Sunway Group's property arm, said that ENGIE's district cooling system provides the most energy-efficient solutions to Southeast Asian cities and urban areas. It significantly improves energy efficiency, allowing supply to be scaled in accordance with demand.

Sunway South Quay CP2 cooling solutions will help to lower operating costs while effectively reining in carbon emissions, benefiting air quality, under a 25-year contract, it said in a statement.

The BOOT model for a greenfield mixed-use development will be used for this project. It will include the installation of a cooling system with a capacity of over 7,000 refrigeration tonnes.

According to Thomas Baudlot, chief executive officer of Energy Solutions APAC and country head for Southeast Asia, this first jointly developed low carbon solution, will help Sunway South Quay CP2 save close to 20 per cent of energy and CO2 on its air conditioning needs.

Chong Sau Min, senior executive director of Sunway Property central region, said that the ENGIE-SUNWAY partnership will provide a total 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.

He believes that collaborating with partners who have a proven track record of implementing green energy solutions is the key to accelerating urban transformations and implementing successful environmental solutions.

According to him, sustainability has been ingrained in Sunway's DNA since its inception, as guided by the Sunway Group chairman Tan Sri Jeffrey Cheah's vision.

"We see it as a way of doing business more than it being a trend as we believe in doing well by doing good. As the master community developer, we are committed to reducing our carbon footprint through improved energy efficiency and integration of renewable energy sources," he said.

"As 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," he said.