“TEAMG” established a Joint Venture Company, Chula District Cooling

        “TEAMG” established a joint venture company “Chula District Cooling” to operate the business of installing and managing the District Cooling system for Chulalongkorn University

        Dr. Aphichat Sramoon, Chief Executive Officer of TEAM Consulting Engineering and Management Public Company Limited or TEAMG revealed that the company has established a joint venture company namely, Chula District Cooling Company Limited that has the initial registered capital of 50,000,000 Baht. This company is a joint venture among 3 investors: TEAMG, BCPG Public Company Limited, and Keppel DHCS Pte. Ltd., which aims to operate the business of installing and managing the District Cooling system for the distribution of chilled water to buildings within “The Chula Smart City Project”, located in the heart of Bangkok city, Suanluang-Samyan, Chulalongkorn University.

        “Moreover, the company was selected by the Office of Property Management Chulalongkorn University to be the operator since July 2020. The construction is expected to begin in late 2021 and ready to recognize revenues in late 2022.” Dr. Aphichat said