Business World
Summary
A SUBSIDIARY of Filinvest Land, Inc. (FLI) is set to develop a district cooling system for its Mimosa Plus Leisure City inside the Clark Freeport Zone in Pampanga.
The property developer said in a statement on Wednesday that its subsidiary, Filinvest Clark Mimosa, Inc., partnered with Philippine DCS Development Corp. (PDDC) to develop the system for property.
PDDC, formed in 2013, is a joint venture between FLI and France-based multinational firm ENGIE, which developed and operated another district cooling system at Northgate Cyberzone in Filinvest City, Alabang.
According to FLI, a district cooling system “distributes cooling capacity in the form of chilled water or other medium from a central source to multiple buildings through a network of underground pipes for use in space and process cooling.”
“The system is more efficient than conventional air conditioning and has a significant positive environmental effect by reducing carbon dioxide emissions and pollution,” FLI said.
Ana Venus Mejia, chief finance officer of FLI unit Cyberzone Properties, Inc., said the company is continuously looking for better building designs and methods that consider cost efficiency and environmental impact.
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