Deal is said to represent a major milestone in Tabreed’s strategy of providing efficient cooling to sustainable cities around the world.
The National Central Cooling Company (Tabreed) has signed an agreement to acquire Masdar City district cooling plants. The plants offer a total cooling capacity of about 69,000 tonnes of refrigeration (RT) and are said to provide efficient cooling services to more than 2.7m sqm of sustainable urban communities in Masdar City.
According to a statement, the plants will continue to be the most efficient and sustainable cooling system in the Middle East, in line with the ethos of Masdar City.
Tabreed will also acquire two deep geothermal wells located in Masdar City, which are said to be part of a major research & development collaboration initiative. The firm aims to leverage its expertise and innovative approach to create unique, reliable and sustainable cooling solutions through geothermal technology, the statement said.
“At Tabreed, we are committed to developing sustainable technologies and innovative advanced cooling solutions that support the growth of sustainable urban communities. We will be integrating our state-of-the-art AI module control system that will more efficiently and economically adjust the plant’s operating parameters to the specific cooling requirements thus further reducing carbon emissions across the city and beyond. As an industry leader, our strategic and solid partnerships have allowed us to diversify our operations and venture into energy solutions such as geothermal technology. We look forward to the continuation of a highly successful partnership with Masdar as it paves the way to achieving the ambitious energy efficiency targets set for the city,” said Bader Al Lamki, CEO of Tabreed.
The deals were announced at Abu Dhabi Sustainability Week (ADSW), the signing was witnessed by Khaled Al Qubaisi, chairman of Tabreed and CEO Aerospace, Renewables and ICT at Mubadala, and Mohamed Jameel Al Ramahi, CEO of Masdar.
“This agreement reflects the progress Masdar City has made in developing its residential and commercial portfolio and our commitment to providing the most innovative solutions available. By working with an industry-leading specialist in Tabreed, we can be sure our clients will benefit from the best cooling solutions, meeting the city’s needs now and in the future. Tabreed’s expertise in leveraging emerging technologies such as artificial intelligence will help Masdar City meet its sustainability objectives,” said Yousef Baselaib, executive director, Sustainable Real Estate at Masdar.