Industry leaders to participate at The DC (District Cooling) Stakeholders Summit
February 8, 2013 (Newswire.com) - At current levels, 70 percent of annual peak electricity consumption is used by air conditioning units to meet the cooling demands in Saudi Arabia and the demand is expected to nearly triple by 2030. It is expected that by year 2030, 1.5 million barrels of oil per day will be needed to power air-conditioning units. Prudent developers and authorities are turning to District Cooling (DC) technology as it has proven, over a period of time, that it is most cost effective technology for cooling buildings. As an economical and sustainable solution for project stakeholders, DC will tackle the surge in demand for electricity requirements thereby conserving 70% to 90% of this constricted power supply which will pave a path to an environment friendly and energy saving system in the Kingdom of Saudi Arabia.
Fleming Gulf's DC (District Cooling) Stakeholders Summit will bring together experienced speakers and leaders like Abdul Salam Al-Mobayed, VP Business Development from Saudi Tabreed District Cooling Company, Abdul Mohsen Bin Humaid, Director of Projects from General Presidency of Two Holy Mosques and Khalid Al-Mulhim, from Saudi Aramco and other industry leaders who will discuss the challenges, new improved technologies and future opportunities for District Cooling in Saudi Arabia. The summit scheduled between 3- 5 March 2013 at Al Faisaliah Hotel, Riyadh, Saudi Arabia will feature presentations from leading providers and solutions specialists such as Saudi Tabreed, Diehl Metering, Wartsila, Torque, Fafco, BASF and many more. With more than 150 project stakeholders expected to participate, the 2013 summit aims to ramp up serious discussions on the deployment of District Cooling Plants as the imperative cooling utility business model that will secure and safeguard The Kingdom's electricity and water challenges.