Emicool to expand regional footprint
Emicool is targeting expansion of its plant capacity in Dubai Investments Park to 250,000 tonnes of refrigeration [TR] in the coming years from the existing 115,000 TR
Emicool - a joint venture of Dubai Investments and Union Properties, is set to boost its market share from the current 12% to 20% as demand for district cooling solutions reaches unprecedented growth, said a senior executive.
Emicool is targeting expansion of its plant capacity in Dubai Investments Park to 250,000 tonnes of refrigeration [TR] in the coming years from the existing 115,000 TR.
This is part of the Emicool 's overall growth plans which will see it increase its capacity to 500,000 TR by 2020 as DIP plans to build over 1,150 residential units in the near future. The company has also unveiled plans to expand its geographical presence to Saudi Arabia and Qatar in the coming years.
"The benefits of district cooling are evident and master planners are increasingly incorporating district cooling systems in future projects. As a company, Emicool is eyeing strong growth as residential projects and demand pick up in the region," said Adib Moubadder, CEO of Emicool .
"Recently, we have managed to change concept design of many projects by convincing Master Developers for low-rise buildings & villas that District Cooling is now the most viable solution."
Emicool , which currently offers district cooling in DIP as well as Dubai Motor City, Dubai Sports City, Uptown Mirdiff and Palazzo Versace & D1 Tower at Al Jaddaf, has also witnessed 21% increase in overall consumption in 2015 in comparison to 2014 consumption.
In DIP alone, the Emicool district cooling plant has helped to save electricity by 312.95 million kWh per annum (34 per cent less than conventional air-conditioners), which is the equivalent of reducing 159,028 tonnes of CO2 yearly - thus reinforcing its key role in reducing the overall carbon footprint.