Keppel enters JV to boost Thailand’s cooling sector

By 2025, the JV will expand Keppel’s cooling-as-a-service design capacity in Thailand by 50%

Keppel has signed a joint venture agreement (JVA) with Global Power Synergy Public Company (GPSC) unit, Combined Heat and Power Producing (CHPP) to expand its Energy-as-a-Service (EaaS) footprint in Thailand.

Keppel has also signed a Business Collaboration Agreement (BCA) with PTT Group for the provision of EaaS with GPSC.

Under the JVA, Keppel will work with CHPP to develop cooling services in Thailand through EaaS solutions which include the design, installation, operation, maintenance, and asset performance optimisation of chilled water systems.

CHPP will hold a 51% stake in the joint venture, whilst Keppel will retain the remaining 49%.

Meanwhile, the BCA between Keppel and GPSC will grow the market for sustainable energy solutions in Thailand.

In addition, Keppel and GPSC will support the development of EV charging platforms in Thailand and Singapore, as well as the expansion of the ASEAN Power Grid, using Thailand as a potential source or transit country and Singapore as the recipient.

Keppel’s cooling-as-a-service design capacity in Thailand is expected to increase by over 50% and exceed 35,000 refrigeration tonnes (RT) by 2025.

Follow the link for more news on

Keppel Corporation

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia