Cushman & Wakefield, Riyadh – September 30, 2013: Cushman & Wakefield co-hosted ‘The 2013 Kingdom Tri-Generation Summit’ alongside its local partner National Tri-generation CHP Company (NTCC); which took place in Riyadh, Saud Arabia on the 29th and 30th September.

Cushman & Wakefield General Manager, Eng. Mohamad Abou Laban provided the audience with a presentation entitled “Operations and Maintenance in Tri-Generation Plants”; which focused on the utilization of technology in operations and maintenance, risk mitigation, driving efficiencies and business continuity. This was co-presented by Eng. Abdul Monem Karim who manages the Source Energy Contracts in Saudi Arabia.

Source Energy Contracts:

M/s. Source Energy awarded Cushman & Wakefield six contracts in 2012 and 2013 for the operations and maintenance of cooling and power plants in various locations including Riyadh and Jeddah. The plants vary from central cooling plants to Tri-Generation plants; which serve various commercial and mixed use clients such as King Road Tower, Al Anoud Towers, National Commercial Bank (NCB) and Rafal Tower.

The 3 to 5 year contracts have a combined value of SAR 70 m  ($19 m).