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Sunday, November 29 - 2009

Tabreed inks two major deals with ALDAR to provide cooling worth 1 million tons of refrigeration

  • United Arab Emirates: Monday, June 04 - 2007 at 08:24
  • PRESS RELEASE

Tabreed, the Middle East's award-winning district cooling pioneer has signed two major deals with ALDAR Properties, Abu Dhabi's leading real estate developer, to provide cooling services worth 1 million tons of refrigeration (TR) to two of its prestigious projects.

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The agreements will be implemented through A&T Cool, Tabreed's joint venture with ALDAR Properties, over several phases and cover ALDAR's Yas Island project and the Al Raha Beach development.

The Yas Island project will be supplied a total of 600,000 TR from 15 cooling plants with the first phase beginning in January 2009. The Al Raha Beach development will get 400,000 TR from eight plants from December 2008.

"These deals together set a new benchmark for the industry and reinforce Tabreed's market leading position," said Dany Safi, the company's CEO.

"In ALDAR we have a partner whose vision and ambition for growth matches ours and we see further scope for more such agreements in the near future."
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About Tabreed
Tabreed is a UAE public joint stock company established in June 1998 and is now one of the world's largest district cooling utilities. Tabreed provides district cooling services throughout the GCC countries with offices in Dubai, Abu Dhabi, Ras Al Khaimah, Doha, Manama, Al Khobar, Muscat and Amman. The company has been growing at a very rapid pace and was awarded two gold awards in 2004 by the International District Energy Association in the USA for new customers by the number of buildings it serves and by the cooling load.

In 2006, Dany Safi won IDEA's Unsung Hero accolade. In January 2007, Safi bagged IDEA's Global Pioneer award whilst Tabreed scooped the Global Partner honour. Its most recent win includes the Middle East Insurance Forum's Innovation Award.

Tabreed pioneers energy efficient gas-fired and electric-powered district cooling solutions in the UAE and across the region. The company offers customers the highest quality service through an integrated energy system devised to help them optimize 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.

For further information: Rita Chahoud, PR and Communications Manager, Tabreed. Tel: +971 4 3404422; Fax: +971 4 340

Sony Elias, MCS/Action, Tel: +971 4 390 2960; Fax: + 971 4 390 8161

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