Under the Radar: How is CDG ENGIE navigating complexities in its quest to expand regionally?

Money Matters with Hongbin Jeong and Chua Tian Tian

Supporting the electric vehicle charging infrastructure in Singapore and beyond – that’s the agenda of our conversation as we speak to our guest CDG ENGIE.

Founded in 2021, CDG Engie, also known as ComfortDelGro ENGIE, is a joint venture between ComfortDelGro Engineering and ENGIE South East Asia, the regional subsidiary of French multinational utility company ENGIE Group.

The JV focuses on providing end to end solutions for customers in their transition towards sustainable and greener energy. So far, the company prides itself as a leading EV charging operator in Singapore with a network of over 2,700 charge points across Singapore, Malaysia and Thailand.

But why are we speaking to CDG ENGIE you might ask? Well, the firm is on the charm offensive to expand its network right now, having been awarded the first public EV charger deployment contract to deploy mainly fast EV charging points across 20 sites at primarily HDB commercial complexes in June 2024.

The firm also recently celebrated its third anniversary in October and operationalised its 1000th charge point located in Serangoon on the 16th November.

Beyond Singapore, CDG ENGIE is also said to have the largest cross-border roaming network in the region through strategic partnerships with industry players ChargeEV and Gentari.

To this end, a new mobile app has also been launched this year to allow users to plan ahead for road trips and calculate the necessary charging stops based on the specifications of their vehicles.

But what should we know about CDG ENGIE’s expansion plans? How does the firm navigate complexities in regional expansion given the different stages of electric vehicle adoption and infrastructure development?

On Under the Radar, Money Matters’ finance presenter Chua Tian Tian posed these questions to Freddie Chew, General Manager, ComfortDelGro ENGIE.

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