National Central Cooling and AA Bin Hindi Group to invest BD5 m in BDCC
NCC and AA Bin Hindi Group invest BD5 million in Bahrain District Cooling Company
National Central Cooling and AA Bin Hindi Group are investing BD5 million in the initial capital of Bahrain District Cooling Company BDCC (Tabreed Bahrain), to provide district cooling services to the Bahrain market. 55% of the capital will be contributed by Tabreed, 40% by Esterad and 5% by the AA Bin Hindi Group with the capital being invested in stages as new plants are established.
In collaboration with the Bahrain partners and investment from the joint venture, Tabreed, the worlds’ largest district cooling company, will employ its technology to ensure efficient use of power. This will lead to an average 50% reduction in power consumption for building air conditioning systems when compared to the conventional method, in addition to a typical saving of 15% on capital investment for new buildings. An installation capacity of 20 000 t is expected in the first phase of the facility, which will help contribute to energy conservation efforts being undertaken by the Kingdom.
“Energy usage is a global issue which is being taken very seriously in Bahrain. District cooling is the preferred option in the leading technologically advanced countries, and with the current major developments and investments, which are making Bahrain an international player, it is the logical next step into the future. ‘Tabreed Bahrain’ is here to invest in and provide this service to the Kingdom of Bahrain. Our technology and know-how will have a direct impact on more proficient utilisation of the Kingdom’s resources, by efficient use of power and water,” said Dany Safi, CEO, Tabreed.
Tabreed Bahrain hopes to provide both existing and new building complexes with efficient and environmentally friendly district cooling services, for the public, commercial and industrial sectors in Bahrain. Centralised cooling plants strategically located across the Kingdom of Bahrain, will distribute chilled water to single and multiple clients, via underground pipe networks.
“It is the right time for Tabreed to enter the Kingdom of Bahrain as a utility company specialised in district cooling to help in reducing the power consumption required by end users which is going to have a substantial impact on the main electricity demand, and to co-op with the Kingdom’s direction of encouraging local and international companies to invest in Bahrain,” said Khalid Bin Hindi, projects director, AA Bin Hindi Group.