PEIE & Tabreed Oman ink cool deal
PEIE has signed a joint venture with Tabreed Oman to provide district cooling to PEIE’s Sohar Industrial Estate. The joint venture was signed by Maqbool bin Ali Sultan, Minister of Commerce & Industry and Chairman, PEIE and Mr. Mohammed P. Ali, Chairman, Tabreed Oman.
According to Eng. Musallam Al Hadifi, Sales Manager, Tabreed Oman: “We’ve been at the forefront of the industry for almost a decade and last year alone provided cooling services to 473 buildings covering a total of 149.9 million square feet across the GCC as well as the wider Middle East.”
Tabreed Oman’s cooling solutions will help PEIE tenants reduce both their capital investment and operating expenses. Indeed, by using district cooling, PEIE expects to reduce the amount of electrical energy used by its tenants by up to 50 per cent. “We’re providing PEIE’s tenants and the Sohar community with the latest green technology – one that puts the environment first,” says Al Hadifi.
Hilal Al Ahsani, PEIE's CEO, said: "This significant joint venture emphasizes the importance PEIE places on providing a more efficient infrastructure network to its growing number of tenants on Sohar Industrial Estate. We’re delighted to be rolling out technology that has such strong environmental credentials.”
“In PEIE, we have found a partner who shares Tabreed Oman’s values of delivering the best of district cooling technologies for the benefit of all stakeholders, its investors and the environment. By selecting district cooling, PEIE has demonstrated its commitment to supporting sustainable energy solutions," said Al Hadifi.
Over the past few years, district cooling technology has become widely recognized as an important development in helping conserve energy and has been proven to reduce greenhouse gas emissions in many cases. Indeed, energy experts suggest that 75 per cent of the energy used across the Gulf is for cooling purposes. By using district cooling, regional planners expect to reduce the amount of electrical energy used by up to 50 per cent.