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FINANCIAL NEWS
Saudi Tabreed wins cooling deal from Aramco
23 Feb 2010
(MENAFN) Saudi Tabreed announced that it has signed an agreement to develop and operate a district cooling system to cool all the buildings of Saudi Aramco in the Dhahran area, SPA reported.
Under the agreement, Saudi Tabreed will design, construct, finance, own, operate and maintain a centralized cooling plant and a network to supply chilled water to the Saudi Aramco buildings with a cooling capacity of 27,000 tons refrigeration.
The project reflects the keenness of Saudi Aramco to be environment-friendly, by using a district cooling system, which consumes half the electrical energy as compared to that for traditional methods of cooling, the company said.
District Cooling basically is generating chilled water from one or multiple sources and distributing to cluster of buildings in the same district using pre-insulated pipe network.
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