The National Central Cooling Company (Tabreed), listed on the Dubai Financial Market (DFM), plans to expand its footprint in Egypt and India, Al-Ittihad Newspaper reported.
The company also considers implementing new projects in the GCC region, particularly Kuwait, Tabreed’s CEO Bader Saeed Al Lamki said.
Al Lamki indicated that Tabreed now has 75 district cooling plants across the UAE and the GCC countries, except Kuwait, according to the local newspaper.
On the sidelines of the 24th World Energy Congress being held in Abu Dhabi, he added that the Emirati district cooling solutions provider revealed earlier this month that it will set up the first cooling plant in Amaravati, the capital of Andhra Pradesh state in India.
Tabreed had recently signed an agreement with the Indian state of Andhra Pradesh to build, own, and operate cooling plants with a capacity of 20,000 tonnes in Amaravati city over 30 years.
The first phase of this project will be executed with a capacity of 5,000 tonnes and is expected to be operational in 2021, the CEO said.
This district cooling plant will be Tabreed’s first expansion outside the GCC region and is a turning point for the company to enter new markets over the coming period, Al Lamki highlighted.
In the first half of 2019, the company’s total connected capacity across the GCC reached 1.145 million refrigeration tonnes(RT), including 14,468 RT of new customer connections added in H1-19, he noted.