# KJTS and Stonepeak form joint venture for district cooling projects in Malaysia

KJTS Group Berhad and Stonepeak formed a joint venture to develop and invest in district cooling facilities in Malaysia, with aggregate commitments of up to MYR 1.5 billion (USD ~340 million).

- Type: Partnership
- Announced: 2025-03-14
- Where: Malaysia, Malaysia
- Value: $340.0M (1.50B MYR)
- Status: announced
- Products: district cooling facilities, electricity distribution assets
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [Stonepeak](https://endata.com/companies/13278.md) (partner)
- [KJTS Group Berhad](https://endata.com/companies/79995.md) (partner)

## Sources

- [business.thepilotnews.com](https://business.thepilotnews.com/thepilotnews/article/bizwire-2025-3-14-kjts-and-stonepeak-form-joint-venture-to-pursue-district-cooling-projects), 2025-03-14: "We are thrilled to partner with Stonepeak to pursue additional district cooling and electricity distribution projects in Malaysia."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.