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Gold/Mining/Energy : SNC

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To: Gilbert Drapeau who wrote (136)7/31/2000 8:47:39 PM
From: Gilbert Drapeau  Read Replies (1) of 161
 
SNC-Lavalin Wins Turnkey Contract to Build District
Cooling Plants at Zayed Military City in Abu Dhabi

MONTREAL, QUEBEC--JULY 31, 2000-- SNC-Lavalin has been awarded a turnkey contract
by Tabreed National Central Cooling Co. (PJSC), the first district
cooling service provider in the Middle East, to provide detailed
engineering, procurement and construction of two chilled water
plants at Zayed Military City in Suweihan, Abu Dhabi. The project
is valued at more than US$40 million and is expected to be
completed by the end of 2001.

The two new plants will add 20,000 refrigerating tonnes to a total
area of 12 sq. kilometres, giving the Zayed Military City project
a total district cooling capacity of 24,000 refrigerating tonnes -
enough to cool 8,000 homes. These two new plants will not only
increase efficiency of cooling, but will also offer a reduction of
up to 40 per cent in energy consumption and cost, as well as
better cost efficiency in maintenance and service.

District cooling, in which chilled water produced by a central
plant is distributed through a network of pipes to multiple
residential, industrial and commercial buildings for air
conditioning, offers a wide range of qualitative and economic
benefits, including better quality of cooling, maximum cost
effectiveness, capital cost elimination, space saving, decrease in
sound pollution and environment protection.

"District cooling has seen considerable growth worldwide, with
business and real estate developers boosting demand for this type
of climate conditioning," said Sami Bebawi, Executive
Vice-President of SNC-Lavalin. "There is a huge potential for
district cooling in this region as it is the most economical and
convenient solution for building owners and managers. We are
pleased to be working with Tabreed, a pioneer in the industry in
the Gulf region."

The depletion of the ozone layer due to emissions of CFC
(chlorofluorocarbon) and other types of chlorinated refrigerants
has been a key driver behind international growth in district
cooling. This is being seen throughout the United Arab Emirates,
where CFC refrigerants used locally are being phased out and
replaced by non-CFC refrigerants in continuous efforts to protect
the environment and ease global climate change.

SNC-Lavalin Group is one of the leading engineering and
construction firms in the world, and a key player in the ownership
and management of infrastructure. The group and its companies
have offices across Canada and in 30 other countries, and are
currently working in some 100 countries. The company is listed on
the Toronto Stock Exchange (symbol: SNC).
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