Palm District Cooling (PDC), established by government-owned investment firm Istithmar, recently renewed its partnership with Barrel Energy, a leading Dubai-based fuel supply management and lubricants service company.

The move supports the Mohammed Bin Rashid Establishment for Young Business Leaders, a government program that facilitates the development of business and entrepreneurial activity among UAE nationals, of which Barrel Energy is a member.

Barrel Energy has supplied over Dh100 million or nearly 7 million IG (Imperial Gallons) of fuel to PDC and has also delivered logistics management services to PDC's district cooling station since 2007, supporting the temporary cooling service provided to customers.

At its peak, Barrel Energy delivered up to 1 million IG of fuel a month to PDC; the company has also served most of its project sites including Palm Jumeira, Discovery Gardens, and Jumeira Lake Towers, and has also been a key supplier of other government and non-government entities.

'Barrel Energy is fully committed to support Palm District Cooling in its growing business ventures across the UAE market by maintaining the highest quality standards in the delivery of our products and services,' stated Mohammed Abulhoul, founder and managing director, Barrel Energy.

'Barrel Energy has been a very dedicated and quality-oriented business partner of Palm District Cooling,' added Shafiq Khoori, managing director, Palm District Cooling.

Palm Utilities, through PDC and Palm Water (PW), has been established to address the region's unique requirements in the distinctly critical areas of district cooling, and wastewater treatment.

PU has revealed that it is exploring possible joint venture initiatives for other utility projects in the Middle East, India and across Asia as part of its growth strategy for 2009.-TradeArabia News Service