SP Group teams with CSGKC to develop energy-saving solutions

Singapore-based SP Group (SP) signed an agreement with Sino-Singapore Guangzhou Knowledge City Investment and Development Co Ltd (GKC Co) on Aug 31, aiming to establish a joint venture (SP-GKC JV Co) to develop district cooling, heating, and integrated energy solutions that will help China-Singapore Guangzhou Knowledge City (CSGKC) achieve energy saving.

The joint venture agreement was signed by SP Group's CEO Stanley Huang and GKC Co's CEO Chen Changxin at the 11th Singapore-Guangdong Collaboration Council (SGCC) meeting.

An artist rendering of Knowledge Tower in the Jiulong Lake area of CSGKC. [Photo provided to chinadaily.com.cn]

As part of the agreement, SP and GKC Co are working together to develop district cooling and heating solutions for the Knowledge Tower in the Jiulong Lake area of CSGKC. Leveraging SP's technology and experience in the energy industry, both parties will also focus on integrating sustainable energy solutions, such as distributed energy, energy storage, energy efficiency, and energy management systems.

In the next phase of development, these solutions could be extended to other projects in the Sino-Singapore International Technology Innovation Cooperation Demonstration Area within CSGKC, enabling more customers to enjoy substantial energy and cost savings. This will lead to a cleaner and more sustainable energy future for CSGKC and Guangzhou.

"Through this partnership with CSGKC, SP Group looks forward to supporting China's goal of building an ecological civilization and a 'Beautiful China,' with our smart and sustainable energy solutions. Together, we aim to enable customers in China to enjoy a sustainable and low-carbon future," said Huang.

The 'Beautiful China' initiative is a plan for China's sustainable development, as well as its commitment to fulfilling the United Nations' 2030 Agenda for Sustainable Development.

"This year marks the 30th anniversary of China-Singapore diplomacy and the 10th anniversary of GKC. It is a milestone for us to jointly establish a joint venture to develop the smart energy business," said Chen, adding that the two sides will further promote the development of smart energy businesses in CSGKC and gradually extend to the Guangdong-Hong Kong-Macao Greater Bay Area to achieve improvements in commercial value, corporate benefits, and social effects.

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