Tabreed named preferred bidder for one of India’s largest district cooling projects in Hyderabad

Tabreed named preferred bidder for one of India’s largest district cooling projects in Hyderabad

Image credit: Tabreed

The National Central Cooling Company (Tabreed) has been named as the preferred bidder for a long-term district cooling concession contract for the Hyderabad Pharma City master plan located in the Indian state of Telangana. Tabreed was selected by the state government’s Telangana State Industrial Infrastructure Corporation, as per its filing with Dubai Financial Market.

Hyderabad Pharma City is the world’s largest integrated cluster in the state’s capital city for pharmaceutical industries which focus on research and development as well as manufacturing.

Hyderabad Pharma City contract

Phase 1 of the district cooling project (DCT) will include the construction of district cooling facilities of 2,500 RT (refrigeration tonnes), with an approximate project cost of Dhs36.2m. This project includes future expansion plans divided in phases depending on demand requirements for up to cumulative load of 125,000 RT.

Tabreed noted in its filing that the first phase of the Hyderabad Pharma City project would have a funding mix of 75 per cent local financing and 25 per cent equity funding, paid in line with construction milestones.

“Additional investment will be required to fund construction of additional cooling infrastructure in line with project requirements as needed to meet demands,” it said in the filing on Monday.

The company