National Central Cooling Company, also known as Tabreed, is expanding its partnership with Abu Dhabi-based clean energy company Masdar by developing and connecting the cooling infrastructure at the two companies.
The Dubai-based district cooling company said the move will help it increase operating synergies.
"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," Tabreed said in a statement to the Dubai Financial Market on Wednesday, where its shares trade. It did not provide further details.
Last year, Tabreed acquired Masdar City’s district cooling company to provide cooling services to more than 2.7 million square metres of area in Masdar City, with an ultimate total capacity of 69,000 Refrigerated Tonnes (RT) under the concession.
The latest development comes as Tabreed forges new partnerships with different companies in the UAE. Earlier this month it signed an agreement with master developer Miral to provide district cooling services at SeaWorld Abu Dhabi on Yas Island.
“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 (operational expenditure) savings of more than Dh10 million,” Abdulla Balalaa, acting executive director of sustainable real estate at Masdar City, said.
Tabreed will also carry out testing on two deep geothermal wells located in Masdar City to study the viability of geothermal energy to reduce electricity consumption.
Tabreed, in which French utility Engie and Mubadala Investment Company own significant stakes, currently operates 86 district cooling plants, delivering more than 1.399 million RT of cooling to districts in the UAE and across the GCC.
The company has also been expanding its portfolio through acquisitions.
Last year, Tabreed bought a majority stake in Emaar Properties' Downtown Dubai district cooling business for Dh2.48 billion. The deal, financed through a corporate loan, gave Tabreed an 80 per cent stake, with Emaar retaining the balance under a long-term partnership deal.
Tabreed also bought two district cooling units on Saadiyat Island from Aldar Properties for Dh963 million ($262m) in December.
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5
'The worst thing you can eat'
Trans fat is typically found in fried and baked goods, but you may be consuming more than you think.
Powdered coffee creamer, microwave popcorn and virtually anything processed with a crust is likely to contain it, as this guide from Mayo Clinic outlines:
Baked goods - Most cakes, cookies, pie crusts and crackers contain shortening, which is usually made from partially hydrogenated vegetable oil. Ready-made frosting is another source of trans fat.
Snacks - Potato, corn and tortilla chips often contain trans fat. And while popcorn can be a healthy snack, many types of packaged or microwave popcorn use trans fat to help cook or flavour the popcorn.
Fried food - Foods that require deep frying — french fries, doughnuts and fried chicken — can contain trans fat from the oil used in the cooking process.
Refrigerator dough - Products such as canned biscuits and cinnamon rolls often contain trans fat, as do frozen pizza crusts.
Creamer and margarine - Nondairy coffee creamer and stick margarines also may contain partially hydrogenated vegetable oils.
Frankenstein in Baghdad
Ahmed Saadawi
Penguin Press
David Haye record
Total fights: 32
Wins: 28
Wins by KO: 26
Losses: 4
Tewellah by Nawal Zoghbi is out now.
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Profile of MoneyFellows
Founder: Ahmed Wadi
Launched: 2016
Employees: 76
Financing stage: Series A ($4 million)
Investors: Partech, Sawari Ventures, 500 Startups, Dubai Angel Investors, Phoenician Fund
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Electric scooters: some rules to remember
- Riders must be 14-years-old or over
- Wear a protective helmet
- Park the electric scooter in designated parking lots (if any)
- Do not leave electric scooter in locations that obstruct traffic or pedestrians
- Solo riders only, no passengers allowed
- Do not drive outside designated lanes
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
