Construction Week
Summary
Dubai Financial Market-listed (DFM) district cooling giant National Central Cooling Company (Tabreed) has expanded its partnership with Masdar by developing and connecting Masdar and Tabreed infrastructure.
In a stock market filing, Tabreed said that the collaboration represents another major milestone in Tabreed’s strategy of providing efficient cooling to sustainable cities around the world, and expands on Tabreed and Masdar’s existing relationship.
“As an industry leader, our strategic partnerships have allowed us to diversify our operations and venture into innovative solutions that support our core business, such as deep geothermal technology, a first in the region,” said, Bader Saeed Al Lamki, Tabreed’s CEO, commenting on the announcement. “We are committed to developing these solutions to support the growth of sustainable urban communities like Masdar City, and we look forward to the continuation of a highly successful partnership with Masdar.”
Meanwhile, Abdulla Balalaa, acting executive director, Sustainable Real Estate, Masdar City said: “Masdar City is home to one of the largest low-carbon building clusters in the world, which offers potential annual energy savings of around 50,000 MWh for companies based there, resulting in OPEX savings of more than AED 10 million.
According to Balalaa, working with Tabreed, supports Masdar in ensuring that its tenants benefit from the “most sustainable and innovative cooling solutions.
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