Sunday, December 22, 2024

Tabreed signs MoU with Telengana

The proposed district cooling infrastructure holds immense potential, with the capability to reduce peak electricity demand by over 200 megawatts. This translates to an annual reduction of 600,000 tons of CO2 emissions, which amounts to an impressive 18 million tons over a span of 30 years

PRAVASISAMWAD.COM

Tabreed, a global leader in district cooling, has taken a significant step towards enhancing sustainability and reducing carbon emissions by signing a Memorandum of Understanding (MoU) with the regional government of Telangana in India. This MoU signifies their commitment to explore and invest in district cooling infrastructure within Hyderabad, India, demonstrating the company’s dedication to environmental responsibility and cooperation with local authorities, reported gulftoday.ae

The official signing of the MoU took place in Dubai and was attended by prominent figures, including Khalid Al Marzooqi, CEO of Tabreed; K.T. Rama Rao, Telangana Minister for Information Technology and Industries; Jayesh Ranjan, Secretary, IT and Industries, Telangana, alongside other representatives, as reported by gulftoday.ae.

The proposed district cooling infrastructure holds immense potential, with the capability to reduce peak electricity demand by over 200 megawatts. This translates to an annual reduction of 600,000 tons of CO2 emissions, which amounts to an impressive 18 million tons over a span of 30 years. Such initiatives align with Telangana’s vision of achieving a net-zero carbon footprint by 2047, demonstrating their commitment to a sustainable future.

Founded in 1998 and publicly listed on the Dubai Financial Market, Tabreed is not only a leader in district cooling but also a driving force in advancing sustainability globally. The company’s commitment to a sustainable future underscores its position as one of the UAE’s most dynamic growth companies

As India is expected to become the world’s largest consumer of cooling by 2050, Tabreed’s collaboration with the Government of Telangana and partners across India is a significant step in meeting the rising demand for cooling solutions while simultaneously mitigating the impacts of climate change. The company aims to provide reliable, cost-effective, and sustainable district cooling services, thereby contributing to the nation’s efforts in addressing climate challenges.

Tabreed has established itself as a crucial provider of sustainable district cooling services, servicing renowned developments worldwide, including iconic structures such as the Burj Khalifa, Sheikh Zayed Grand Mosque, Louvre Abu Dhabi, Ferrari World, Emirates Towers, Yas Island, Al Maryah Island, The Dubai Mall, Dubai Opera, Dubai Metro, Bahrain Financial Harbor, and the Jabal Omar Development in Makkah. Currently, Tabreed operates 89 plants within its portfolio, comprising 75 in the United Arab Emirates, five in the Kingdom of Saudi Arabia, seven in Oman, one in the Kingdom of Bahrain, and now one in India, in addition to its international projects and operations.

Founded in 1998 and publicly listed on the Dubai Financial Market, Tabreed is not only a leader in district cooling but also a driving force in advancing sustainability globally. The company’s commitment to a sustainable future underscores its position as one of the UAE’s most dynamic growth companies. Through this partnership with the Government of Telangana, Tabreed continues to make strides towards a more sustainable and eco-conscious world.

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