Industry
News
Tabreed Reports 2006
Profit Figures
Tabreed has posted annual net profit
figures for the financial year 2006: $28.6
million compared to $14 million in 2005,
reflecting an increase of 104.1 percent.
Generating revenues of $128.73 million
in 2006, the United Arab Emirates-based
company reported a gross profit of $51.78
million in 2006, up from a previous 2005
high of $41.61 million. Tabreed’s total assets
reached $1.14 billion last year.
Over the last two years, Tabreed’s
installed capacity has grown by 85,500 tons
of refrigeration. The company expects to
add an additional 211,500 tons of refrigeration to its current production capacity by
2008. Major projects being serviced by the
company directly and through its joint ventures and subsidiaries include the UAE’s
Dubai Metro project and the Abu Dhabi
National Exhibition Centre’s new development, the Bahrain Financial Harbour and
The Pearl Qatar.
Condos Go Green,
Up Marketability
WCCO-TV in Minneapolis, Minn.,
reported Jan. 19 that The Penfield condominium development to be built in St. Paul
will offer not only trendy design, a top
location and sleek architecture, but also
‘green’ construction and heating and cooling service from District Energy St. Paul as
selling points. Condo developer Bob Lux
noted that consumer interest in energy
savings has reached a level where green
technology is profitable to include in the
sales pitch – even in the current slow condo
market. Lux expects green technology to
be standard within five or 10 years.
The Penfield will include energy-effi-
cient windows, lights and appliances; a
green roof and sustainable landscaping,
among other green features.
Study: U.S. Biomass Use
for Power Generation
Research Reports International is offering the first edition of a report titled “The
Use of Biomass for Power Generation in the
U.S.” The 90-page publication overviews the
renewed U.S. market interest in biomass-fueled power generation, providing a concise look at what’s driving the interest, the
challenges faced in implementing biomass
projects, and the current and future state of
biomass-fueled generation. The report may
be purchased at www.researchreportsintl.com/
products/ product.cfm?report_ID=89.
People In
the News
Dennis Fotinos, president and chief
executive officer of Enwave Energy Corp.,
was profiled Jan. 15 in “The Insider,” a
student publication of the Schulich School
of Business at York University in Toronto,
Ont. A Schulich MBA
alumnus, Fotinos was
recognized for his
“model leadership” of
Enwave, one of North
America’s largest district energy systems,
which has become
“one of the most recognized model companies in Toronto
because it has so successfully demonstrated its ability to find solutions that satisfy
the needs of more than one stakeholder
group.” The article lauded Fotinos’s success in expanding Enwave’s deep lake
water cooling project and improving stake-
holder satisfaction while boosting the
firm’s profitability and putting Toronto on
the map as a sustainable city.
As of March 1, Stefan Stern became
the new managing director of Svensk
Fjärrvärme (Swedish District Heating
Association). Stern comes to the firm from
his position as state secretary at Sweden’s
Ministry of Sustainable
Development, where he
was responsible for
energy issues, sustainable development and
the European Union
Emission Trading Scheme. Previously, Stern
was the head of planning in the prime minister’s office. He also acted as chairman for
the government’s national wind power coordination board and served in the Ministry of
Industry and the Ministry of Health and
Social Affairs, where he was in charge of
communications, press and media.
David Adamian, PE, has joined
Carter & Burgess Building Programs as vice
president and program manager. In his
new position, Adamian manages business
development for the
company’s Energy &
Power Solutions Group
and commissioning
services in the New
England region. With
16 years’ experience in
the energy services
industry, Adamian brings to the job expertise
in end-user energy systems and on-site
generation. He has overseen a broad spectrum of work including project development,
engineering, construction and operations.
His background also includes a significant
design-build portfolio.
