National Central Cooling Company PJSC, a UAE-based international district cooling developer and the International Finance Corporation (IFC), are planning to establish a district energy investment platform in Singapore that will invest in district cooling, trigeneration and cooling as a service offering with primary focus on India followed by other South East Asian countries. The platform seeks to target $400 million in capital deployment in India and other South East Asian countries.
The joint venture aims to build on Tabreed’s ongoing development activities in India following establishment of its wholly owned subsidiary in the country and will seek to provide more energy efficient end to end cooling as a service offering through an outsourced utility model for real estate developments, new urban masterplans and ongoing redevelopments across target cities.