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SunCon to team up with Engie in district cooling system projects

KUALA LUMPUR (June 10): Sunway Construction Group Bhd (SunCon) plans to collaborate with Singapore-based ENGIE South East Asia Pte Ltd in developing district cooling systems (DCS) in Malaysia. 

They will set up a joint venture (JV) to undertake DCS projects, including for some of SunCon’s parent company Sunway Bhd’s portfolio of office buildings, retail malls, educational institutions, medical centres, hotels, resorts, theme parks and factories, the construction and engineering group said.

“The JV company will also leverage on SunCon’s capabilities and Sunway’s network and experience as a conglomerate with 13 business divisions and the core business, as well as technical competencies of ENGIE in integrated green and sustainable environmental solutions,” SunCon said in a filing with Bursa Malaysia yesterday.

The company said its wholly-owned unit, Sunway Construction Sdn Bhd (SCSB), yesterday inked a memorandum of understanding with ENGIE, which develops tailor-made integrated energy solutions “as a service” to its customers in commercial buildings, industries and cities. 

ENGIE Group operates 393 district heating and cooling networks globally. Four of the district cooling plants are in Southeast Asia, including the Megajana district cooling system in Cyberjaya, Northgate district cooling plant in the Philippines, and district cooling systems for the Punggol Digital District in Singapore.

SunCon, which is 54.56%-owned by Sunway Bhd, said the JV in the engineering, financing, construction, operations and maintenance of DCS (brownfield or greenfield) in Malaysia will contribute towards the nation’s environmental sustainability goals. 

It said SCSB and ENGIE South East Asia will work together to incorporate the JV firm with proportions of equity interest as mutually agreed by the two parties as soon as practicable.

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