Abu Dhabi, UAE — Tabreed has signed a Memorandum of Understanding (MoU) with the government of Telangana state of India to explore developing and investing in district cooling infrastructure in its capital Hyderabad.
Indian media reports said that Tabreed will develop cooling systems for commercial parks and pharma industry. To begin with, in Asia’s largest district cooling PPP project in Hyderabad Pharma City, Tabreed will invest about $200 million to develop nearly 125,000 refrigeration ton of district cooling plants and networks to provide sustainable cooling services.
The MoU was signed during a ceremony in Dubai in the presence of Khalid Al Marzooqi, CEO of Tabreed; K.T. Rama Rao, Telangana Minister for Information Technology and Industries; Jayesh Ranjan, Secretary of IT and Industries, Telangana, alongside other representatives.
The cooling infrastructure will potentially reduce over 200MW of peak electricity demand, resulting in an annual CO2 emissions prevention of 600,000 tons or 18 million tons over 30 years. The district cooling agreements are part of Telangana’s vision to become net zero by 2047.
With India forecast to be the world’s largest consumer of cooling by 2050, Tabreed, the Government of Telangana and partners across the country aim to deliver reliable, affordable, and sustainable district cooling solutions to meet the growing demand and reduce the impact of climate change.