Companies to explore opportunities through JV designed to enhance district cooling services
South Energy has signed a MoU with SP Group in line with its efforts to expand its district cooling capabilities. The agreement will enable South Energy, the energy solution arm of Dubai South, to explore opportunities with SP Group through a JV designed to enhance district cooling services.
According to a statement, South Energy through partnerships with providers in the sector currently operates six central cooling plants in Dubai South, serving the VIP Terminal, Residential District, The Business Park and Sakany.
The agreement with SP Group is said to represent South Energy’s interest to enhance its technical capacity, knowledge and skills in the energy sector, according to Khalifa Al Zaffin, executive chairman of Dubai Aviation City Corporation and Dubai South. Al Zaffin made the statement after signing the deal with Ismail Al Marzooqi, the chief executive of South Energy at the Dubai South Headquarters in the presence of top officials from both companies.
Al Zaffin said, “In line with Dubai South’s long-term vision to become a leading investment destination in the region under the Dubai Plan 2021, Dubai South has always kept its doors open for collaboration and in establishing mutual support to key partners in order to achieve common goals. We are confident that improving our capabilities through this partnership is another major step forward towards building Dubai South as an ideal community to work and live in.”
The MoU explores key projects within Dubai South such as joint activities for the new district cooling plant located within the Emirates Flight Training Academy area of Dubai South’s Mohammed Bin Rashid Aerospace Hub. It also seeks to build partnership on various initiatives aimed at expanding Dubai South’s capacity to serve the future needs of the city.
Kim Yin said SP Group was pleased to collaborate with South Energy to provide advanced district cooling expertise and technology in the Middle East, thus helping customers enjoy a high quality, sustainable urban lifestyle.
“The strategic new partnership is further bolstered by our experience in running the world’s largest underground district cooling network in Singapore’s financial and leisure hub and the operations we are currently setting up in China. We are proud to be part of a global-scale project that has been designed to help achieve Dubai’s vision to truly become a world-class city. This is a major step towards more collaborations in the future, enabling us to meet the city’s needs in the run-up to the Dubai Expo 2020,” explained Yin.