Accord on RM33mil cooling plant for The Curve

THE Curve will get a RM33.3mil district cooling plant to cool the commercial and entertainment centre under an agreement between Mutiara Rini Linear DCP Sdn Bhd and Linear Cooling Industries Sdn Bhd (LCI) for the design and building of the plant. 

Mutiara Rini Linear DCP is a joint venture company between Mutiara Rini Sdn Bhd – the developer of The Curve – and Linear Corp Bhd. 

The cooling plant to be built would use a thermal energy storage system that runs on ice which is built at night using cheaper electricity rates, and is then melted down and piped to The Curve and Damansara entertainment centre. 

Built at slightly over RM200mil, The Curve hopes to attract up to 60,000 people to the area on a daily basis, said Mutiara Rini director Datuk Ghazali Mohd Ali, as an anticipated 50,000 people would be working at the offices in the commercial area. 

Linear Cooling director Chin Kuet Lee (left) shaking hands with Linear chairman Lum Weng Loy. Looking on is Datuk Ghazali Mohd Ali.

Mutiara Rini has thus far signed up some 40% of tenants for The Curve, which aims to open for business in the third quarter of next year, Ghazali told a press briefing after the signing ceremony in Kuala Lumpur. 

“We are very selective as to who we put up in the retail space. We want new names,” he said, adding the company wanted to attract new retailers that currently do not have a presence in the country. 

It is currently negotiating with some “mini-anchor” department stores that may end up taking 100,000 sq ft retail space of the 800,000 sq ft area.  

Tesco Hypermarket, IKEA Home Furnishing and Damansara Cineleisure have already signed on as anchor tenants. 

A second agreement was also signed yesterday between Mutiara Rini Linear DCP and Gas Malaysia Sdn Bhd for the supply of natural gas to The Curve.  

Gas Malaysia chairman Tan Sri Dr Ahmad Tajuddin Ali said it would cost Gas Malaysia about RM5mil to lay the gas pipes and metering stations at The Curve, but thereafter the company could provide gas to The Curve's many tenants. 

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Universal Music Group shares surge on stock market debut
Evergrande woes hit Japan's toilet, air-conditioner and paint manufacturers
Mah Sing plans 10 property launches, focus on affordable products
Oil rises 1% as U.S. storm aftermath tightens U.S. supply
Malaysia pavilion hits RM572mil sales in CAEXPO 2021
Perak Transit issues RM100mil Islamic notes under expansion plan
Macau casino and junket operators seek clarity over new gambling laws
Asia markets fight for footing as investors fret over Evergrande crisis
Strong earnings for Comfort Gloves but weaker on-quarter as prices weigh
Cautious market sentiment drags Bursa lower

Stories You'll Enjoy