Banpu NEXT and SP Group Joint Venture Wins Mega District Cooling Project for Thai Government Complex Center Zone C

Banpu NEXT and SP Group (SP) announced they have won the tender to design, build, own and operate an innovative district cooling system in Zone C of the “Government Complex Commemorating His Majesty The King’s 80th Birthday Anniversary, 5th December 2007” (Government Complex Center Zone C) under their joint venture (JV) BNSP Smart Tech (BNSP).

Awarded by Dhanarak Asset Development, Co., Ltd, a wholly-owned subsidiary under the Ministry of Finance, the project will enable Government Complex Center Zone C to save approximately 40 million baht (USD $1.12 million) per year on electricity costs, achieve 20 per cent in energy savings and reduce carbon emissions by up to 3,000 tons annually. This equates to removing about *20,000 Internal Combustion Engine cars from the roads cumulatively over the 20-year contract period.

When completed in 2024, the district cooling system will operate a total cooling capacity of up to 14,000 Refrigeration Tons (RT), providing sustainable cooling for the Government Complex Center Zone C’s total gross floor area of 660,000 square meters. Leveraging the combined expertise and strengths of Banpu NEXT and SP, BNSP will deploy a comprehensive suite of smart energy solutions at the complex. It will design, build, own and operate the centralized cooling system to provide reliable and energy-efficient chilled water to the network of buildings within the complex and install an EV charging station at the facility.

To advance the sustainability goals of the Government Complex Center Zone C, Banpu NEXT and SP will also support BNSP in exploring potential deployment of additional sustainable solutions including expanding chilled water supply, EV buses, solar power systems, and energy storage systems.

Mr. Sinon Vongkusolkit, Chief Executive Officer of Banpu NEXT Co., Ltd., said: “This large-sized project within the Government Complex Center Zone C emphasizes the positioning of Banpu NEXT, a subsidiary of Banpu PCL, that is dedicated to becoming a Net-Zero energy provider for corporations across Asia Pacific, transforming businesses into smart enterprises for sustainable growth. This strategic partnership reinforces our energy management business by providing the services that helps optimise energy efficiency and enable real-time monitoring and control as part of an all-in-one solution for companies.”

SP Group’s Chief Executive Officer, Stanley Huang, said: “This win signifies our first success in Thailand’s district cooling market, and demonstrates our commitment to bring our comprehensive suite of sustainable energy solutions to advance Thailand’s net-zero ambitions. As one of Asia’s largest district cooling operators, we have proven expertise in unlocking energy- and cost-efficiencies through district cooling and Cooling as a Service (CaaS). We are well-positioned to expand our network and enable the rapid adoption of sustainable cooling across the region including Thailand, Vietnam and Indonesia. We look forward to empowering the green transition of the commercial and industrial sectors through our innovative solutions and strategic partnerships.”

Dr. Nalikatibhag Sangsnit, Managing Director of Dhanarak Asset Development, Co., Ltd. (DAD Asset Development), said: “DAD places its trust in BNSP Smart Tech’s district cooling system – a proven technology across Asia-Pacific. It will help trim down the Government Complex Center Zone C’s energy and utility costs, solidifying our readiness to address the challenges of climate change and urban development. DAD is focused on utilising environmentally friendly smart energy technology, following the government’s policy which aims to achieve Net-Zero by 2065 in a sustainable way.”

Banpu NEXT and SP are leading sustainable energy solutions providers in Asia Pacific, with extensive experience in deploying innovative sustainable cooling solutions. Banpu NEXT has successfully developed and installed chilled water systems in Thailand’s leading projects, including Chamchuri Square, Platinum Fashion Mall, and Loxley Building. SP is the largest operator of district cooling systems in Southeast Asia, with a total of 228,000 RT in its portfolio of projects across Asia. This includes the world’s largest underground district cooling network at the iconic Marina Bay in Singapore which will serve 32 buildings in the district by 2027. In addition to Marina Bay, SP is deploying distributed district cooling to a brownfield development at Tampines, establishing Singapore’s largest industrial district cooling system at STMicroelectronics and in China, at Raffles City Chongqing, International Urban Design Centre in Chengdu and Guangzhou Knowledge City.

#BanpuNEXT #TotalSmartEnergySolutions #SPGroup #DistrictCoolingSystem #EnergyManagementSystem

*Source: CO2 Emission 1 km per carasia_thailand.pdf (

Average annual CO2 Emission per car: Collected Annual VKT | Download Table (