Palm Utilities, a subsidiary of Istithmar World PJSC, a major investment holding company incorporated in the Dubai World Group, has recently announced that it has completed new district cooling plants that now serve the Atlantis in Palm Jumeirah Crescent and the Jumeirah Lake Towers. In addition, Palm Utilities revealed that design and construction of three of the six planned district cooling plants in Jumeirah Village South has now commenced.
Initiated by Palm District Cooling (PDC), Palm Utilities' district cooling division, the Palm Jumeirah Crescent district cooling plant deliver a total of 120,000 tonnes of refrigeration (TR) to the Atlantis and to many other distinguished projects on Palm Jumeirah Crescent, while the a total of 140,000 TR is being delivered to the Jumeirah Lake Towers projects. The Company will supply Jumeirah Village South projects with a combined 200,000 TR, with a total of 150,000 TR going to the Jumeirah Village South Circle and 50,000 TR for the Jumeirah Village South Triangle.
Mr. Keith Levers, Chief Executive Officer, Palm Utilities said: "Palm Utilities has recently completed district cooling plants that serve the Atlantis in Palm Jumeirah Crescent and the Jumeirah Lake Towers - two of the most prestigious developments in the UAE. Palm Utilities deploys state-of-the-art technology and techniques to ensure that we deliver the highest level of customer satisfaction in all our projects. We will continue working with leading developers to provide the best utility services to key projects in the UAE and across the region."
Palm Utilities boasts a growing portfolio of utility facilities that provide fundamental water and cooling services to some of the most important residential and commercial developments in the UAE. With the significant growth in demand for world-class utility services, Palm Utilities has embarked on a major expansion program across all domestic and international utility markets.
Palm Utilities has been established to address the region's unique requirements in the distinctly critical areas of district cooling through PDC and waste water treatment through Palm Water, its water utility division. Palm Utilities also plans to pursue new core business activities within other utilities, including sustainable energy and environmental waste management. The company is poised to expand its operations overseas and has initiated talks with potential partners in the Middle East, India and the rest of Asia.
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© Press Release 2008
