Telangana: Tabreed to invest $200 millionn to develop 1.25 lakh refrigeration tons of cooling plants | Business Upturn

Telangana: Tabreed to invest $200 millionn to develop 1.25 lakh refrigeration tons of cooling plants

Telangana Government has partnered with Tabreed, the leading cooling utility player, to develop best in class cooling infrastructure in industrial parks including Hyderabad Pharma City.

Hyderabad, Sep 6 : Telangana Government has partnered with Tabreed, the leading cooling utility player, to develop best in class cooling infrastructure in industrial parks including Hyderabad Pharma City.

Over the years, Tabreed, a National Central Cooling Company PJSC will invest $200 million to develop 125,000 refrigeration tons (RT) of district cooling plants and networks providing more sustainable long term cooling services through a utility cooling as a service model for process cooling and storage requirements of industrial units in the state, a release said here.

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The first-of-its-kind, ground-breaking initiative will bring multi-fold benefits of highly reliable, superior cost-efficiency, and unprecedented economies of scale, resulting in 6,800 GWh of power savings and 41,600 mega liters of water savings, and will pave the way for reduced greenhouse gas emissions by saving 6.2 million tons of CO2.

This pioneering endeavour is set to revolutionize the pharmaceutical industry’s cooling practices, contributing to a cleaner and greener environment for various bulk drug manufacturing facilities.

Government of Telangana also signed a Memorandum of Understanding with Tabreed to explore district cooling infrastructure in existing and upcoming commercial districts of Cyberabad and other mixed use development areas which offer potential to reduce over 200 MW of peak electricity demand resulting in annual CO2 reduction of 18 million tons over a 30 year period while mitigating heat island effect that will further bolster Hyderabad’s position as one of the best cities to live and work in Asia.

This was announced by the senior leadership team of Tabreed led by its CEO Mr. Khalid Al Marzooqi during the MoU ceremony meeting held in the presence of Telangana IT and Industries Minister KT Rama Rao, popularly known as KTR, in Dubai on Wednesday.

Speaking on the momentous occasion, KTR, who is on a visit to Dubai said, “we are delighted to partner with Tabreed, exemplifying Government of Telangana’s commitment to environmental stewardship through embracing innovative and implementable solutions.

By prioritizing cooling as a key action area through cool roof policies and energy-efficient district cooling, we are shaping a greener and healthier environment for our communities by contributing significantly to our ambitious vision of making Telangana net-zero by 2047”.

Mr. Khaled said, “The collaboration between Tabreed and the Government of Telangana represents a watershed moment in the evolution of sustainable infrastructure development. By bringing our expertise in district cooling to the world’s largest net zero pharmaceutical cluster and also, extremely high tech industrial zone, we are not only shaping the future of the industrial clusters, but also setting a powerful precedent for environmental responsibility.
Large-scale energy consumption towards cooling is one of the key drivers of CO2 emissions and through this joint undertaking with Government of Telangana, Tabreed is proud to contribute to India’s journey in achieving Net Zero emissions, with Telangana at the forefron,” he added.

Mr. Atul Bagai, Country Head, India for the United Nations Environment Program said “Meeting our cooling demand through solutions that foster responsible and reduced energy consumption have emerged as a key priority in efforts to meet energy transition, security or sustainability goals for any country.

Global Cooling Pledge, an initiative led by the COP28 Presidency and supported by the United Nations Environment Programme (UNEP) led Cool Coalition and its partners calls upon countries, governments and non-state stakeholders to act on sustainable cooling in five areas: nature-based solutions, super-efficient appliances, food and vaccine cold chains, district cooling, and National Cooling Action Plans”.

We are glad the State of Telangana is taking a leadership role in all areas through its ambitious cool roof policy, award of a district cooling concession to Tabreed and its newly established Centre of Excellence for Sustainable Cooling, he added.