CapEx News

Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers

Home   »   CapEx-News   »  

Tabreed to invest $200 million in Telangana

Infrastructure  -  Sep 07,2023  - 

Tabreed, a global leader in cooling utilities based in the UAE, announced on Wednesday that it has partnered with the Telangana government to develop cooling infrastructure for industrial and commercial parks, and that it will invest USD 200 million to develop 1,25,000 RT (refrigeration tonne) of district cooling plants for Hyderabad Pharma City.

The state government also struck an agreement with Tabreed to investigate district cooling infrastructure in Cyberabad's present and planned business districts, as well as other mixed-use development zones.

Speaking on the occasion, Telangana Urban Development, Industries and Commerce Minister K T Rama Rao said, "As we embark on a journey towards a more sustainable future, we are delighted to partner with Tabreed, exemplifying Government of Telangana's commitment to environmental stewardship through embracing innovative and implementable solutions."

Tabreed Chairman Khaled Abdulla Al Qubaisi said, "By bringing our expertise in district cooling to the world's largest net zero pharmaceutical cluster, we are not only shaping the future of the industrial clusters, but also setting a powerful precedent for environmental responsibility.

Company : Tabreed