{"id":77736,"date":"2023-05-31T01:03:03","date_gmt":"2023-05-31T01:03:03","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/05\/31\/tabreed-expands-into-india-with-first-district-cooling-transaction\/"},"modified":"2023-05-31T01:03:03","modified_gmt":"2023-05-31T01:03:03","slug":"tabreed-expands-into-india-with-first-district-cooling-transaction","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/05\/31\/tabreed-expands-into-india-with-first-district-cooling-transaction\/","title":{"rendered":"Tabreed expands into India with first district cooling transaction"},"content":{"rendered":"

<\/a> Tabreed makes grand entry in India:<\/strong> The UAE\u2019s National Central Cooling Company (Tabreed) has achieved its first district cooling transaction in India under a partnership with Tata Realty and Infrastructure Limited (TRIL) in a multi mn AED agreement, it said in a statement (pdf)<\/a> to DFM. The agreement with the real estate and infrastructure development arm of Indian conglomerate Tata Sons includes a AED 44.34 mn investment in TRIL\u2019s Intellion Park special economic zone development in Gurugram.<\/p>\n

What we know: <\/strong>The investment will allow Tabreed to acquire the existing cooling infrastructure at the park \u2014 spanning a total area of 3.5 mn square feet \u2014 and develop additional capacity to meet rising demand for cooling services at the zone and residential tenants in the area, the statement notes. Tabreed also plans to bolster and support the adoption of district cooling for developers amid a forecasted uptick in need for district cooling in the Indian real estate sector in the coming decades.<\/p>\n

Right place, right time: <\/strong>India expects aggregated cooling demand to grow eightfold by 2037-2038, with cooling accounting for 45% of peak energy demand nationwide by 2050, the statement said, citing data from India\u2019s Environment, Forest, and Climate Change Ministry. The ambitious targets come a few years after the ministry set up the India Cooling Action Plan to back the growth of sustainable district cooling across the country.<\/p>\n

What they said:<\/strong> \u201cAs the world\u2019s most populous country and one of the fastest growing economies, India will be a key strategic market and important partner for Tabreed as we expand our international presence,\u201d Tabreed Chairman Khaled Abdulla Al Qubaisi said in the statement. \u201cWe expect to see large-scale adoption of district cooling in India as demand for real estate and cooling grows at a rapid pace.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Tabreed makes grand entry in India: The UAE\u2019s National Central Cooling Company (Tabreed) has achieved its first district cooling transaction in India under a partnership with Tata Realty and Infrastructure Limited (TRIL) in a multi mn AED agreement, it said in a statement (pdf) to DFM. The agreement with the real estate and infrastructure development […]<\/p>\n","protected":false},"author":1,"featured_media":77737,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[152],"tags":[199,11,260,1698,151,200,1697,1696],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77736","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-district-cooling","tag-enterpriseclimate","tag-india","tag-intellion-park","tag-investment-watch","tag-tabreed","tag-tata-realty-and-infrastructure","tag-tata-sons","wpautop","entry"],"acf":{"mongo_id":"05ca2fd9-0e73-4e69-b58a-41d22ecd7233","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/8\/2743.jpg","photo_position":"above","related_issue":[77726],"teaser":"","voice_url":""},"yoast_head":"\nTabreed expands into India with first district cooling transaction - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/05\/31\/tabreed-expands-into-india-with-first-district-cooling-transaction\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tabreed expands into India with first district cooling transaction\" \/>\n<meta property=\"og:description\" content=\"Tabreed makes grand entry in India: The UAE\u2019s National Central Cooling Company (Tabreed) has achieved its first district cooling transaction in India under a partnership with Tata Realty and Infrastructure Limited (TRIL) in a multi mn AED agreement, it said in a statement (pdf) to DFM. 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