Aug 01 2011 |
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Abu Dhabi's Tabreed Says Saudi JV In Deal With Jabal Omar Development
Monday, Aug 01, 2011
(This story was originally published Sunday.)
DUBAI (Zawya Dow Jones)--Abu Dhabi-based National Central Cooling Co. (TABREED.DFM), better known as Tabreed , said Sunday its Saudi venture, a joint company owned with Saudi Arabia's ACWA Power and RUSD International, has signed an agreement with Jabal Omar Development Co. (4250.SA) to jointly explore the development of a district cooling system near the holy mosque in Mecca.
"Initially, the joint venture will design, build and operate a cooling plant with a capacity of 55,000 TR to supply chilled water to the proposed Jabal Omar development in Mecca for a period of 20 years," Tabreed said in a statement posted on the Dubai Financial Market website.
No financial details of the JV agreement were disclosed.
-By Tim Falconer, Dow Jones Newswires; +9714 446-1690; tim.falconer@dowjones.com
Copyright (c) 2011 Dow Jones & Co.
(END) Dow Jones Newswires
01-08-11 0335GMT
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