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Cenomi lines up district cooling for Jawharat Riyadh: Cenomi Centers has signed an agreement with the Arabian Cooling Company for Cooling and Air Conditioning — a recently established JV between FAS Energy and Tokyo-based Sojitz Corporation — to build, own, operate, and transfer (BOOT) an advanced cooling plant, according to a press release (pdf).
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What we know: The facility will feature hybrid cooling technology, automation, and a thermal energy storage tank and will power Cenomi’s flagship development Jawharat Riyadh mall with a cooling capacity of 12.5k Refrigeration Tons (RT). The new plant requires no upfront capital from Cenomi.
The benefits: The cooling plant will cut electricity costs by SAR 4 mn annually, leading to savings of SAR 100 mn over 25 years. It will annually also reduce carbon emissions equivalent to those emitted from 1 mn gallons of gasoline.
Cenomi has worked with a FAS affiliate already: Cenomi Centers signed a power purchase agreement (PPA) with a consortium comprising FAS Energy and Marubeni Corporation to power Cenomi’s centers in the kingdom with solar energy last December. The 20-year agreement will have an initial capacity of 52 MWp and will generate 93 GWh annually, with plans to include EV charging infrastructure installations in the future.
