Logo of Phnom Penh Post newspaper Phnom Penh Post - Bangchak subsidiary taps new green energy business, to expand

Bangchak subsidiary taps new green energy business, to expand

Bangchak subsidiary taps new green energy business, to expand

BCPG Public Co, a leading renewable energy enterprise under Thailand’s Bangchak Corp Pcl, has said it is preparing to enter the new business of District Cooling Systems (DCS) for buildings in the country’s newly emerging cities and eventually foray into Cambodia.

BCPG president and CEO Bundit Sapianchai said: “DCS is a new business under the green energy initiative that has potential markets in office buildings, shopping malls, convention centres, community malls, airports, universities, industrial estates and mixed-use buildings.

“Thailand has many potential customers in emerging urban areas, and we are aiming to penetrate markets in neighbouring countries too, including Cambodia, Laos, Myanmar and Vietnam.”

Recently BCPG partnered with Singapore’s Keppel DHCS Pte Ltd and TeamGroup Pte Ltd as a joint bid winner of DCS development in the Chula Smart City project.

Bundit said: “The project will cover commercial areas in Bangkok’s Suan Luang and Sam Yan areas, which is under the management of Chulalongkorn University.

“The DCS to be installed in the areas will have a cooling load of 18,000 refrigeration tonnes. The feasibility study will begin in 2022 and the project is expected to start within 2027.”

He added that Chula Smart City will be a pilot project in energy conservation that features renewable energy and the use of innovations in energy management.

“It is expected that these innovations will help reduce energy cost within the project by 35-50 per cent.

“The project has a concession contract of 20 years and is expected to generate income of 7.5 billion baht [$240 million] with an investment return ratio at over 10 per cent.

“BCPG is also planning to extend the success of smart energy projects in newly emerged cities in Thailand and neighbouring countries.

“Examples of these projects are Peer to Peer Trading, which uses blockchain technology, the energy trading town at Sukhumvit 77 [T77 project] and the Smart University project in Chiang Mai.”

THE NATION (THAILAND)/ASIA NEWS NETWORK

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