Tabreed BahrainTabreed Bahrain Could Help the Kingdom Save Over 750 Million BD in Power Costs

November 18, 2008 Manama, Bahrain - Tabreed BahrainTabreed Bahrain, the world leader in district cooling, has announced that up to 50% of the Kingdom's current power demand could be freed for other uses through the large scale use of district cooling systems for new and existing developments.

The company estimates that a total of 550 MegaWatts (MW) of electric power capacity could be freed up by 2030 as part of the ongoing Bahrain North Shore developments - which equals a saving for the Kingdom of over 750 million BD.

Bahrain's electricity supply is dominated by the demands made on it by the use of air conditioning systems which can be as much as 65% during peak summer periods - much of this caused by old and inefficient cooling systems.

Tabreed BahrainTabreed Bahrain is currently working on district cooling projects for some of the Kingdom's major projects including Bahrain Financial Harbour, Reef Island and for both existing and new developments in the Diplomatic and Seef areas of Manama.

Research by the company has shown that there will be major benefits to the Kingdom with the use of large scale District Cooling systems; including significantly reducing the demands on power generation hence saving the Kingdom considerable sums of money in an environment where Bahrain's demand for power has increased 84% since the year 2000.

Bernt Andersson, Chief Executive Officer, Tabreed BahrainTabreed Bahrain said: "The research work and evaluation we have done clearly show there will be significant benefits to the Kingdom and private sector developers from the introduction of large scale district cooling systems.

"It can reduce peak power demand across the country by up to 65 per cent - particularly important when we have estimated that up to 70 per cent of new power demand will come from air conditioning demands alone."

At a time when energy prices are forecast to grow in the longer term - especially those associated with gas which produces the majority of electricity in Bahrain - savings of this magnitude will be welcomed by Bahrain, argues Mr. Andersson.

Experts at Tabreed BahrainTabreed Bahrain also forecast that district cooling systems - long-term infrastructure projects can provide chilled water for several districts from integrated energy efficient central plants - this will play an increasingly important role in the long term development of the country.

With district cooling, building developers and owners can avoid the substantial capital costs of constructing their own chiller system, and reduce significant costs associated with connecting their chillers to the electric grid.

-Ends-

About Tabreed BahrainTabreed Bahrain:
Tabreed BahrainTabreed Bahrain - Bahrain District Cooling Company B.S.C. (Closed) - is a private sector joint venture company owned by TabreedTabreed, Esterad established in 1998 and A.A. Bin Hindi. TabreedTabreed provides district cooling services throughout the GCC countries with offices in Dubai, Abu Dhabi, Ras Al Khaimah, Doha, Masqat, Manama, Amman, Kuwait and Al Khobar.

TabreedTabreed is committed to providing environment-compliant district cooling solutions and offering its customers high-quality services through integrated power-efficient systems at reasonable costs.

TabreedTabreed pioneers energy efficient gas-fired and electric-powered district cooling solutions in the UAE and across the region. The company offers customers the highest quality service through an integrated energy system devised to help them optimize their energy usage and reduce power and maintenance costs.

Since its establishment in October 2004, Tabreed BahrainTabreed Bahrain contributed more than 150 million Bahraini dinars to the Kingdom's economy. The figure is expected to rise to more than 250 millions in the next few years. Contracts have been signed with the biggest commercial projects in Bahrain.

The company recently won a BBB stable long term local and foreign currency rating and positive projections from Standard and Poor's, the world's most prominent independent agency for credit ratings, financial and credit expectations, risk assessment, and investment data and research.

For more information please contact:
Wassim A. Farrage
TabreedTabreed Bahrain
Sales & Marketing Manager
Tel: +973 17 516 666
Fax: +973 17 516 667
Mob: +973 36 077 666

Taher Salman
TabreedTabreed Bahrain
Tel: +973 17 516666
Fax: +973 17 516667
Mob: +973 39992787

© Press Release 2008 from Hill & Knowlton

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