South Energy Signs MoU To Explore District Cooling Venture With SP Group

South Energy, the energy solution’s arm of Dubai South, announced that it has signed a Memorandum of Understanding (MoU) with SP Group as part of its efforts to boost its district cooling capabilities by exploring key opportunities with the Singapore-based company. The agreement seeks to explore key opportunities through joint venture initiatives set to further enhance district cooling services in the region

DUBAI, (UrduPoint / Pakistan Point News / WAM - 11th Feb, 2019) South Energy, the energy solution’s arm of Dubai South, announced that it has signed a Memorandum of Understanding (MoU) with SP Group as part of its efforts to boost its district cooling capabilities by exploring key opportunities with the Singapore-based company. The agreement seeks to explore key opportunities through joint venture initiatives set to further enhance district cooling services in the region.

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 signing ceremony was held at the Dubai South Headquarters in the presence of top officials from both companies. Dubai South was led by Khalifa Al Zaffin, Executive Chairman of Dubai Aviation City Corporation and Dubai South, accompanied by Ismail Al Marzooqi, CEO of South Energy; and several members of Dubai South’s Executive Management.

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. The signing of the MoU with SP Group represents our strong interest to further engage in enhancing our technical capacity as well as knowledge and skills in the energy sector."

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.

Wong Kim Yin, Group Chief Executive, SP Group, said: " 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."