UAE-based National Central Cooling Company signs landmark agreement with Andhra Pradesh Capital Region Development Authority
UAE-based National Central Cooling Company, better known as Tabreed, has entered into a 30 year concession for its first plant outside the GCC region.
The deal is 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.
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 company said in a statement.
Tabreed said its 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.
Khaled Abdulla Al Qubaisi, Tabreed’s chairman, said: “As the UAE flagship district cooling provider 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, CEO, added: “We are very pleased with our first project in India, increasing our presence to six countries.”
Compared to other cooling systems, district cooling uses only 50 percent of primary energy consumption for cooling urban buildings thereby reducing CO2 emissions.