Utilities
Summary
District Cooling provider, Tabreed, has made a significant move into the Indian market through a strategic alliance with TATA Realty and Infrastructure Limited (TRIL), marking its first district cooling transaction in India.
The deal involves a substantial investment of INR100 Cr (AED 44.34 million) in TATA Realty’s Intellion Park special economic zone (SEZ) development located in Gurugram, northern India.
Under this investment, Tabreed will not only acquire the existing cooling infrastructure at Intellion Park, covering an area of 3.5 million square feet, but also expand its capacity to meet the rising demand for cooling services within the development.
Departing from the conventional market practice in India, where real estate developers manage cooling assets through facility management contracts, Tabreed aims to offer cost-effective and efficient cooling solutions to tenants at Intellion Park.
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