Dubai: New district cooling laws to reduce excessive billing
- Date: 15-Jun-2022
- Source: Khaleej Times
- Sector:Industrial
- Country:UAE
- Who else needs to know?
Dubai: New district cooling laws to reduce excessive billing
Grace period for providers to expire on September 30
Published: Wed 15 Jun 2022, 1:46 PM
A new set of district cooling regulations will come into effect in Dubai later this year, reducing excessive billing and imposing penalties for poor energy performance.
"The grace period for the district cooling service providers and billing agents will expire on September 30, 2022, when the new comprehensive set of District Cooling Regulations comes into effect. Following this, we will supervise and monitor the activities of the district cooling companies to ensure compliance with the issued regulations," said James Grinnell, head of Water at the Regulatory and Supervisory Bureau (RSB) for the electricity and water sector in Dubai.
Grinnell was speaking at the Mena District Cooling Projects Conference held in Dubai on Wednesday.
The Bureau was established to regulate the Independent Water and Power Producers in the emirate and has also supported Dubai's Demand-Side Management (DSM) since 2013. In 2021, it received the mandate to regulate the district cooling sector, too.
RSB has so far issued 22 district cooling permits out of 24 applications among 28 companies. Among the billing agents, it has licensed 11 out of 12 applications and 11 service providers out of 12 applications.
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Tabreed, the leading district cooling company in the #UAE, has approved a cash dividend payment of 13.5 fils per share for 2022-23 which is the highest dividend payment made to Tabreed shareholders in the company's 25-year history. #Dubai
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Read: https://bit.ly/3Z0O2Zh
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This will be the first of its kind agreement after Empower's listing on the Dubai Financial Market
Dubai Maritime City awards Empower district cooling services contract https://meconstructionnews.com/56636/dubai-maritime-city-awards-empower-district-cooling-services-contract
Empower sign agreement with Dubai Maritime City to supply district cooling services
Read Full News: https://lnkd.in/dcQg8HgY
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Empower will invest Dh450 million to cater to the needs of more than 43 buildings in Dubai Maritime City with district cooling services in two phases.
#Dubai
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https://www.forbesmiddleeast.com/industry/energy/empower-to-invest-122.5m-to-provide-district-cooling-services-to-43-buildings-at-dubai-maritime-city
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http://gdmo.ae/ggqW
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https://gn24.ae/ef53a2236539000
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Sectors' share in our district cooling portfolio in Dubai by the end of 2022
64%
Residential buildings
15%
Commercial buildings
14%
Hospitality
4%
Education, entertainment, retail sectors, and others.
3%
Health sector
#Dubai Investments is now pressing ahead with a prestige Dh1 billion resort project in Ras Al Khaimah. Recently, there was also a stake buy in UK digital bank Monument.
https://gn24.ae/ee321668c8aa000
District cooling is the most advantageous sustainable cooling solution for the health sector, we offer our services to:
43 large healthcare projects
Constitute 220 medical facilities
142,000 refrigeration tons (RT) for the Dubai Healthcare City (DHCC)
District Cooling International, the leading player in the UAE HVAC market, has been supplying commercial and residential heating and cooling solutions since 1992.
Call: +971 4 3397801 / +971 2 6679636
#DistrictCoolingInternationalLLC #UAE #Abudhabi #Dubai #HVACsystemsupplier