The Telangana government and UAE-based leading cooling utility player Tabreed have decided to collaborate for developing cooling infrastructure in industrial parks, including the proposed Hyderabad Pharma City, as well as a few other places.
Under their partnership, Tabreed, the name by which the National Central Cooling Company PJSC is traded on Dubai Financial Market, will over time develop 1.25 lakh refrigeration tonnes (RT) of district cooling plants and networks with up to $200 million investment in Telangana.
Its cooling-as-a-service model for process cooling and storage requirements of industrial units will pave the way for a more sustainable long-term cooling service. The potential savings will be about 24 million tonnes (MT) of CO2, something bound to bolster Hyderabad’s position as one of the best cities to live and work in Asia, Industries and IT Minister K.T. Rama Rao’s office said on Wednesday.
