Refrigeration tonnes spike 12% at UAE's Emicool to 355,000 in H1'19
The firm's refrigeration tonnes per hour production capacity has also increased by 11% compared to Q1 2018
UAE-based district cooling service provider Emirates District Cooling (Emicool), a subsidiary of Dubai Financial Market-listed (DFM), Dubai Investments has recorded 355,000 refrigeration tonnes (RT) in the first six months of 2019 by connecting to more than 2,200 buildings across the country, with the company having posted an increase of 12% in RT compared to H1 2018.
In a statement the company said that its plants in Dubai Investment Park (DIP) and Motor City have a current operating capacity of 355,000 RT, with the plants providing district cooling services to DIP, Motor City, Sports City, Uptown Mirdif, Palazzo Versace, Damac Hills, in addition to Mirdif Hills, and Night Souk by Nakheel.
Emicool’s refrigeration tonnes per hour [RTH] production capacity has also increased by 11% compared to Q1 2018.
Speaking about the rise in RT, chief executive officer of Emicool, Adib Moubadder said: “Customer friendly payment plans, adoption of B2B or B2C approaches are just two among several solutions that stem out of a thorough understanding of the needs of the project and the customer, paving the way for increasing RT year-on-year.”
Moubadder added: "According to recent reports by Global Market Insights, the Middle East District Cooling Market size will exceed $12bn by 2024."
The CEO also said that the increasing number projects, agreements, and contract wins showcased the increase in adoption of district cooling among developers and owners has also increased their awareness about “energy saving”.