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Tabreed signs first District Cooling concession in India

Abu Dhabi-headquartered District Cooling utility signs 30-year concession agreement for Amravati, the new capital of Andhra Pradesh, which is planned as one of the world’s most sustainable cities, says company’s representative

| | Feb 14, 2019 | 4:39 pm
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Abu Dhabi, UAE, 14 February 2019: National Central Cooling Company (Tabreed), the Abu Dhabi, UAE-headquartered international cooling provider, has entered into a 30-year concession for a contracted cooling capacity of 20,000 tonnes of refrigeration (TR) with Andhra Pradesh Capital Region Development Authority (APCRDA) to build, own, operate and transfer India’s first District Cooling system in Amaravati – the new capital of Andhra Pradesh, the company announced in a Press communiqué. This will be Tabreed’s first plant outside its GCC market, the communiqué said.

Tabreed’s District Cooling system is part of the Indian state of Andhra Pradesh’s vision for Amaravati to create jobs and homes along with a world-class infrastructure, a green city and efficient resource management, the communiqué said. In line with the ambitious plans for this greenfield capital city of Andhra Pradesh to be amongst the most sustainable cities in the world, Tabreed’s system will meet cooling requirements for the State’s Assembly, High Court, Secretariat and other government buildings that are currently under construction, for which cooling services will commence from early 2021, the communiqué further said.

Khaled Abdulla Al Qubaisi, Chairman, Tabreed

Khaled Abdulla Al Qubaisi, Chairman, Tabreed, commented: “We are very pleased to be taking a leading role in the development of the new capital city of Andhra Pradesh. As our first District Cooling project in India, this signals a significant step for Tabreed to penetrate one of the world’s biggest and fastest-growing markets. We see this as an opportunity to establish an initial presence, which will be the foundation for further growth in the future.”

Jasim Husain Thabet, Chief Executive Officer, Tabreed, said: “We are very pleased with our first project in India, increasing our presence to six countries. Our focus will be on delivering high quality and cost-effective cooling solutions to provide long-term benefits for the Andhra Pradesh government.”

Dr Sreedhar Cherukuri, Commissioner, APCRDA, said: “Bringing in the best solutions and providers from across the world to build Amaravati, we are excited to select Tabreed, as our partner for our new capital. Tabreed demonstrated strong commercial flexibility, operational depth and understanding of the complexity of well-structured District Cooling concession schemes through the bidding process.”

The communiqué said Tabreed is exploring other growth opportunities across India and is actively working with the UN Environment’s District Energy in Cities Initiative, a multi-stakeholder partnership that assists developing countries and cities to accelerate their transition to lower carbon and climate resilient societies, through modern District Energy systems.

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