01 March 2011

TOURISM Development & Investment Company (TDIC) has awarded a public private partnership (PPP) concession for a district cooling plant operation on Saadiyat to a joint venture partnership between Dalkia and Arcapita.

The PPP concession is the first contract of its kind to be awarded on Saadiyat. The project will incorporate three plants, and will be one of the Middle East’s largest district cooling plant operations, providing a combined capacity of 50,000 tons of refrigeration (177 MW), and servicing an area of 27 sq km.

Dalkia and Arcapita have been awarded a 29-year concession, with responsibility to design, build, finance, operate and maintain the plants. These will provide cooling to the hotels in the Saadiyat Beach District, including the Park Hyatt Abu Dhabi Hotel and Villas, and St Regis Saadiyat Island Resort, both of which are due to open later this year, in addition to the Saadiyat Marina Apartments and Saadiyat Cultural District, comprising the Zayed National Museum, Guggenheim Abu Dhabi, Louvre Abu Dhabi and Performing Arts Centre.

Two of the three cooling plants on Saadiyat will be completed by 2012, with the third, in Saadiyat Beach District, to be completed in 2016 as further projects reach completion.

TDIC director of infrastructure Andrew Seymour said: “The awarding of contracts for the cooling plants is an important step forward in the infrastructure development of Saadiyat, as we prepare for the opening of the island’s first hotels later this year, and look forward to further projects coming on line in the near future.

“TDIC’s objective in the cooling element of Saadiyat’s infrastructure was to develop a strategy that will provide cost-effective, efficient cooling services across the 1.6-million-sq-m built up area, while managing the issues of water conservation and environmental output. Dalkia and Arcapita’s expertise in district cooling made them the most appropriate fit for Saadiyat’s cooling needs.”

During the concession period, Arcapita will provide the financing for the project, while Dalkia will perform engineering works, manage the construction of the plants and operations.

The companies will recover their investment by charging each of the island’s properties for the provision of cooling. Both organisations have extensive experience in the Middle East.

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