Tabreed Signs First District Cooling Concession in India
Signs 30 years concession agreement for the new Andhra Pradesh Capital City, one of the world’s most sustainable cities
National Central Cooling Company PJSC (DFM: Tabreed), the leading UAE-based international cooling provider, has entered into a 30 year concession for a contracted cooling capacity of 20,000 refrigeration tons (RTs) 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. This will be Tabreed’s first plant outside its GCC market.
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.
In addition and 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.
“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," said Khaled Abdulla Al Qubaisi, Tabreed’s Chairman.
Jasim Husain Thabet, Chief Executive Officer, said that the focus would be on delivering high quality and cost-effective cooling solution to provide long-term benefits for the Andhra Pradesh government.
Compared to other cooling systems, district cooling uses only 50% of primary energy consumption for cooling urban buildings thereby reducing CO2 emissions.
Tabreed is actively working with the UN Environment’s District Energy in Cities Initiative in India, 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.