Tabreed opens second Ajman district cooling plant
New plant brings total UAE district cooling capacity to 597,325RT
The National Central Cooling Company (Tabreed), the Abu Dhabi based district cooling firm, announced on Thursday that it had inaugurated its second district cooling plant in Ajman.
Located close to the Ajman cornice, the plant has a cooling capacity of 10,000RT and will supply chilled water to local customers, Tabreed’s CEO said.
“The new plant in Ajman will provide year-round, energy efficient, cost-effective and reliable cooling to the local community,” Sujit Parhar added.
“I am confident this new plant will play an important role in enabling the economic growth of the emirate.”
The new plant will expand Tabreed’s installed capacity in the UAE to a total of 597,325RT. This brings the total number of district cooling plants owned and operated by the company, and those operated through affiliates, to 59.
The new plant is part of the cooling firm’s scheduled build out program, Parhar said.
Earlier this year, it revealed that its net profits for 2011 had shown a 34% increase to $49.7m. This growth was attributed to a boost in demand for chilled water, new plants and customer connections.
The group revenue for the year increased by 9% from $272.2m in 2010 to $299.4m, figures showed.
Meanwhile chilled water revenue was $256.9m, a 25% increase from 2010. Its profit for chilled water was $74.7m, a 37% increase from the previous year.
Tabreed also reported that it had set up 11 new plants last year.