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A chilled water plant optimization program has been implemented on central plants at Texas A&M University, College Station, Texas. Due to the conflict conclusions drawn by other researchers, there was a debate on the advantage of applying variable condenser water flow control sequence. A calibrated component-based model is used to evaluate the energy savings potential with variable condenser water flow control sequence. The simulation result indicates that maximum achievable energy savings at the load profile of case study plant is only 1.03%. If counting the requirement of cooling tower minimum water flow, the energy saving will be negative which means the annual power consumption may increase by 3.4%. Considering the increased complex of control sequence, it is not recommended to implement variable condenser water flow control sequence for case study project.