Tabreed’s
regional expansion plans gain ground
Posted: 16 May 2004
Regional expansion plans for Tabreed the leading district cooling
service provider across the Middle East, have gained impetus with
Tabreed’s partner Qatar District Cooling Company (Qatar Cool)
recently signing landmark agreements with Commercialbank and the
Al Fardan Twin Towers. The two plants will be located in Doha’s
West Bay area. Qatar Cool’s announcements complement Tabreed’s
expansion plans in Bahrain and Saudi, where it is close to finalising
landmark joint ventures.
Commenting on the expansion plans, Dany Safi, CEO Tabreed said,
“Tabreed Saudi is initially being set up as a private shareholding
company with a view to going public later. This is going to be a
significant market for us and we are anticipating a total installed
capacity of 250,000 tonnes in the next 5 years. We are also pursuing
joint venture opportunities in Kuwait and Oman.”
Qatar Cool’s District Cooling Scheme in West Bay will be
the result of a QR300 million investment program over the next few
years. It will be capable of supplying more than 42,000 refrigerating
tons of cooling, enough to meet the cooling requirements of 50 typical
office buildings. Further schemes are planned for the future and
it is estimated that over QR1billion will be invested in developing
district cooling schemes for Qatar over the next five years.
Tabreed has offered district cooling as a utility to the UAE for
over five years, pioneering energy efficient gas-fired and electric-powered
district cooling solutions locally and across the region. Tabreed
offers customers the highest quality service through an integrated
energy system devised to help them optimise their energy usage and
reduce power and maintenance costs.
Tabreed is a member of the International District Energy Association
(IDEA), Association of Energy Engineers (AEE), International Association
for Energy Economics (IAEE), International Institute of Refrigeration
(IIR), American Gas Cooling Centre, Inc. (AGCC) and the Dubai Quality
Group.
Tabreed has offered district cooling services as a utility in the
UAE for over five years, pioneering energy efficient gas-fired and
electric-powered district cooling solutions in the UAE and across
the region. The largest district cooling service provider in the
world, Tabreed offers customers the highest quality service through
an integrated energy system devised to help them optimise their
energy usage and reduce power and maintenance costs.
Tabreed is a member of the International District Energy Association
(IDEA), Association of Energy Engineers (AEE), International Association
for Energy Economics (IAEE), International Institute of Refrigeration
(IIR), American Gas Cooling Centre, Inc. (AGCC) and the Dubai Quality
Group.
Qatar District Cooling Company, known as Qatar Cool, is a private
sector joint venture company owned 50.5 per cent by United Development
Company (UDC), 44.5 per cent by the Dubai registered National District
Cooling Company (Tabreed) and 5 per cent by private Qatari investors.
For more information see http://www.tabreed.com/
Posted by Richard Price,
Editor Pipeline Magazine
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