SP Group to invest S$40-60m in new district cooling system
Brownfield project at Tampines will help town centre reduce carbon emissions and save energy
AFTER taking over 2 years to convince building owners at Tampines town centre to be part of its vision of setting up Singapore's first district cooling system at a brownfield site, SP Group will go ahead and invest S$40 million to S$60 million to make it happen.
This comes as owners of 8 buildings there - including CapitaLand, Ascendas Reit, Frasers Property and OCBC - have decided to subscribe to the solution that will see some buildings letting up their excess chiller capacity for the rest of the buildings in the network.
The buildings to be connected via a 1 km underground piping network of chilled water are Tampines Mall, Century Square, Tampines 1, OCBC Tampines Centre 2, Telepark, CPF Tampines Building, NTUC Income Tampines Junction and Our Tampines Hub.
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