Financial Express
Summary
Adani Energy Solutions (AESL), the power transmission arm of Adani group, is scaling up it’s district cooling services (DCS) business.
AESL has been incubating DCS for the last few years. The company is setting up several large-scale DCS facilities across industrial, commercial, residential, and mixed-use projects, sources familiar to the matter said.
The business is going to be a new revenue line for the company, sources said. It is operated by AESL’s subsidiary Adani Cooling Solutions (ASCL). Transmission, distribution and smart metering are its other businesses operated by ACSL.
AESL has entered the space under cooling-as-a-service (CaaS) model, where it undertakes the project under DBFOO (design, build, finance, own and operate) model, where the entire capex is borne by it, with the user only paying as per use. This model frees up significant portion of a real estate developer’s HVAC (heating, cooling, ventilation, and air conditioning) investments. The capex cost is broad and depends on scope of work. It ranges from Rs1-1.5 lakh per ton of refrigeration (TR), sources said.
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