Representatives of MQDC and MEA signed a memorandum of understanding (MOU) for the project at the Research & Innovation for Sustainability Center (RISC) in Magnolias Ratchadamri Boulevard.
The 'smart grid' will allow residents to use excess power from onsite renewable energy installations, cutting energy bills and saving an estimated 7 MW in power generation.
Mr. Keerin Chutumstid, President of the Property & Service Business Unit of MQDC, said: "MQDC aims for 'The Forestias' to provide a model for Thailand as the first project in the Asia Pacific to use a 'smart grid' to reduce electricity demand, leading to further applications in other MQDC projects."
MEA Governor Kirapat Jiemset said the 'smart grid' should ensure that energy use at The Forestias is "modern, stable, efficient, and environment friendly".
"The role of MEA in this cooperation is to provide information, technology, and equipment for developing a smart grid, covering power generation, distributed power, energy storage, energy management, and electricity consumption management," he said.
Mr. Kittiphun Ouiyamaphun, Senior Vice President of MQDC, said that The Forestias could also provide a testbed for researching and developing 'smart grid' technology.
"I sincerely hope this collaboration will spur change in energy and power consumption in the country," he said.
"We will also use the knowledge gained from the MEA to develop various MQDC projects in the future."