Abu Dhabi’s National Central Cooling Company (Tabreed) has signed a 30-year concession agreement with the government of Andhra Pradesh to set up a district cooling system in the upcoming capital city Amaravati.
The deal has been signed with Andhra Pradesh Capital Region Development Authority in India, and the plant is expected to have a cooling capacity of 20,000 refrigeration tons.
As per the deal, Tabreed will build, own, and operate the plant for a 30-year period.
According to a press statement in the Times of India, this will be India’s biggest district cooling system.
This will also be Tabreed’s first plant outside its GCC market.
The plant will provide centralised air-conditioning to a network of government buildings in the capital.
(Khaled Abdulla Al Qubaisi)
Khaled Abdulla Al Qubaisi, Tabreed’s chairman, commented, “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, chief executive officer, commented, “We are very pleased with our first project in India, increasing our presence to 6 countries. Our strong core business, experienced team, structuring capabilities, and proven innovative skills made us the ideal choice to be a long-term partner of APCRDA. Our focus will be on delivering high quality and cost-effective cooling solution to provide long-term benefits for the Andhra Pradesh government.”
Sreedhar Cherukuri, commissioner, Andhra Pradesh Capital Region Development Authority (APCRDA), said, “Bringing in the best solutions and providers from across the world to build Amaravati, we are excited to select Tabreed, a global district cooling leader, 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.”