A cooling system for maintaining the temperature within electronic equipment has a circulation system for pumping a cooling liquid, such as water, through the electronic equipment where it picks up heat generated by the electronic equipment. The cooling liquid is pumped through a plurality of heat exchangers using a refrigerant which is, in turn, pumped through a compressor-condensor combination, each heat exchanger having approximately the same cooling capacity. A central control selects the number of heat exchangers which are to operate at any given time, on a basis of the differential in the temperature of the water being pumped into and out of the electronic equipment. This maintains a desired and relatively wide range of temperatures. A heating element selectively and controllably heats the cooled water to bring the wide range of temperatures to a selected and fixed temperature.