SP Group and Sino-Singapore Guangzhou Knowledge City Investment and Development Co. Ltd will be establishing a joint venture (JV) to develop district cooling, heating and integrated energy solutions.

The solutions will help the China-Singapore Guangzhou Knowledge City (CSGKC) to achieve energy savings.

The agreement was signed on August 31 at the 11th Singapore-Guangdong Collaboration Council (SGCC) meeting.

The meeting was held over video conference in Guangzhou and Singapore and co-chaired by Guangdong Governor Ma Xingrui and Singapore’s Transport Minister Ong Ye Kung.

As part of the agreement, SP and GKC Co are working together to develop district cooling and heating solutions for the Knowledge Tower at the Jiulong Lake area in Guangzhou Knowledge City.

Both parties will also focus on integrating sustainable energy solutions such as distributed energy, energy storage, energy efficiency and energy management systems.

“Our technology and operations at Raffles City Chongqing and Singapore’s Marina Bay have helped customers achieve cost savings and reduce energy consumption by 40 per cent. Through this partnership with CSGKC, SP Group looks forward to supporting China’s goal to build an ecological civilisation and Beautiful China, with our smart and sustainable energy solutions,” says Stanley Huang, SP’s Group CEO.

"Based on the principle of “government-supported, enterprise-led, market-driven” and with the Knowledge Tower project at the Jiulong Lake as a start, we will implement investment, construction and operation of district cooling and heating solutions centred on the smart micro-grids layout, promote the development of smart energy businesses in GKC and gradually extend to GBA, so as to achieve synergistic improvement of commercial value, corporate benefits and social effects, and jointly create another successful model of China-Singapore collaboration,” says Chen Changxin, CEO of GKC Co.