South Energy is the power arm of Dubai South, a 145km² master planned development in the emirate, and is set to explore joint ventures with SP Group at a time when demand for sustainable cooling systems is on the rise.
New district cooling plants could be set up under the venture, including one in the Emirates Flight Training Academy area. The locality used to be called Aviation District, and its name was recently changed to Mohammed Bin Rashid Aerospace Hub.
South Energy, which currently operates six district cooling plants in Dubai South, plans to expand its portfolio in the years to come. Its existing units supply chilled water to Dubai South's VIP Terminal, Residential District, Business Park, and the Sakany hub that has shops, dining spaces, and a mosque.
The MoU between South Energy and SP Group was signed on 10 February, 2019, with the signing ceremony attended by several high-ranking officials, such as executive chairman of Dubai Aviation City Corporation and Dubai South, Khalifa Al Zaffin, and South Energy’s chief executive officer, Ismail Al Marzooqi.
Zaffin described the deal as one that is aligned with the Dubai Plan 2021 strategy to support urban development and improve living standards in the emirate.
“In line with Dubai South’s long-term vision to become a leading investment destination in the region under 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,” he said.
SP Group’s group chief executive, Wong Kim Yin, added: “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 Expo 2020 Dubai.”
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