Search by Popular Categories


  • Consumer

  • Commercial

  • Construction

  • Industrial

  • Oil & Gas

  • DIAMOND SPONSOR

OIL AND GAS NEWS

South Energy inks deal with Singapore's SP Group

Feb 10, 2019 1:19 PM

Dubai South the 145-sq-km urban city development emerging in the emirate said one of its units South Energy has signed a MoU with Singapore-based SP Group as part of its efforts to boost its district cooling...

Dubai South, the 145-sq-km urban city development emerging in the emirate, said one of its units, South Energy, has signed a MoU with Singapore-based SP Group as part of its efforts to boost its district cooling capabilities by exploring key opportunities with the company.

The agreement seeks to explore key opportunities through joint venture initiatives set to further enhance district cooling services in the region, said a statement from the energy solutions arm of Dubai South.

South Energy operates six central cooling plants in Dubai South which currently serves the VIP Terminal, Residential District, The Business Park and Sakany in Dubai’s flagship urban project, tapping advanced cooling solutions through its strategic partnership with service providers in the sector.

District cooling has been the preferred temperature control technology in the Middle East due to its highly energy-efficient model of providing cooling solutions to buildings, airports and other large-scale complexes.

The agreement with SP Group represents the Emirati group's strong interest to further engage in enhancing its technical capacity as well as knowledge and skills in the energy sector, remarked Khalifa Al Zaffin, the executive chairman of Dubai Aviation City Corporation and Dubai South, after inking 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.

The top executives from SP Group who witnessed the signing of agreement include Wong Chit Sieng, the chief corporate officer; Jimmy Khoo, the managing director, Singapore District Cooling; Lim Howe Run, the head of strategic investments; Lim Soon Heng, Director, Corporate Strategy; Mak Ye Chyn, Director, Strategic Investments.

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," he added.

The MoU explores key potential projects within Dubai South such as collaboration activities for the new district cooling plant located within the Emirates Flight Training Academy area of Dubai South’s Mohammed Bin Rashid Aerospace Hub (formerly known as Aviation District).

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 region thus helping customers enjoy a high quality, fully 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," he noted.

"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," he added.-TradeArabia News Service

OIL AND GAS NEWS

Adnoc’s Belbazem offshore block starts oil production Mar 28, 2024 10:52 AM

Adnoc has announced the start of crude oil production from its Belbazem...

Renewable power capacity additions hit 473 GW in 2023 Mar 28, 2024 10:42 AM

Global renewable power capacity additions clocked 473 gigawatts...

Merganser receives certification from Bureau Veritas Mar 27, 2024 17:10 PM

Bureau Veritas (BV) a global leader in testing inspection and certification...

Nabors wins four-rig contract from Sonatrach in Algeria Mar 26, 2024 17:57 PM

Nabors a leading provider of advanced technology for the energy...

Increase in oil investment must for growth: Opec chief Mar 25, 2024 17:42 PM

Increased investments in the oil industry is needed to meet global...

Enec, General Atomics to collaborate on nuclear energy supply Mar 23, 2024 09:29 AM

The Emirates Nuclear Energy Corporation (Enec) has signed a MoU...