The National Central Cooling Company, better known as Tabreed, has been confirmed as the preferred bidder for a long-term district cooling concession at the Hyderabad Pharma City master plan in India.
Hyderabad Pharma City is being developed as one of the world’s largest integrated clusters for the pharmaceutical industry.
Phase one will feature the construction of 2,500 refrigeration tonnes (RT) of district cooling capacity at an estimated cost of Dh36.2 million ($9.9 million), Tabreed said on Monday in a filing to the Dubai Financial Market, where its shares are traded.
The project will be expanded in phases as cooling demand rises, and is expected to reach a total concession load of 125,000 RT.
Tabreed was selected as the preferred bidder by the Telangana State Industrial Infrastructure Corporation, with an obligation to execute a concession agreement.
The UAE company will provide chilled water services to the development in Hyderabad, in the south-central Indian state of Telangana.
“Assets to be developed will support Tabreed’s growth plans in India. We do not expect this transaction will materially impact Tabreed’s existing operations or the rights of its shareholders,” the company said.
Assets to be developed will support Tabreed’s growth plans in India.
Tabreed
Hyderabad Pharma City is one of world's largest integrated clusters for pharmaceutical research and development and manufacturing, according to its website.
Located about 25km from Hyderabad International Airport, the project is a platform for companies in the life sciences sector.
It is expected to attract investments worth $9.7 billion and create 560,000 jobs, according to the website.
Tabreed's selection as the preferred bidder on the Indian project comes at a time when it is expanding globally.
The company said in May it was investing Dh44.34 million in an information technology park in north India.
“As the world’s most populous country and one of the fastest-growing economies, India will be a key strategic market and important partner for Tabreed as we expand our international presence,” chairman Khaled Al Qubaisi said at the time.
“We expect to see large-scale adoption of district cooling in India as demand for real estate and cooling grows at a rapid pace.”
Tabreed is optimistic about growth in India and is looking at acquisitions and greenfield projects to expand in Asia’s third-largest economy.
In 2021, the company formed a holding company with the World Bank’s International Finance Corporation to invest up to $400 million over the next five years for the purpose of its expansion in India.
Cooling demand across India is projected to rise at a rate of 15 per cent to 20 per cent annually while aggregated cooling demand will expand by about eight times from 2037 to 2038, as compared to the 2017-2018 baseline, the World Bank said in a report last year, citing the India Cooling Action Plan.
Founded in 1998, Tabreed owns and operates 86 district cooling plants across the GCC, including 75 in the UAE, three in Saudi Arabia, seven in Oman and one in Bahrain.
Tabreed said 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 deal is set to close in the fourth quarter of 2023, with construction work expected to start “as soon as possible”, Tabreed said.
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
Why are asylum seekers being housed in hotels?
The number of asylum applications in the UK has reached a new record high, driven by those illegally entering the country in small boats crossing the English Channel.
A total of 111,084 people applied for asylum in the UK in the year to June 2025, the highest number for any 12-month period since current records began in 2001.
Asylum seekers and their families can be housed in temporary accommodation while their claim is assessed.
The Home Office provides the accommodation, meaning asylum seekers cannot choose where they live.
When there is not enough housing, the Home Office can move people to hotels or large sites like former military bases.
UAE currency: the story behind the money in your pockets
Results
6.30pm: Dubai Millennium Stakes Group Three US$200,000 (Turf) 2,000m; Winner: Ghaiyyath, William Buick (jockey), Charlie Appleby (trainer).
7.05pm: Handicap $135,000 (T) 1,600m; Winner: Cliffs Of Capri, Tadhg O’Shea, Jamie Osborne.
7.40pm: UAE Oaks Group Three $250,000 (Dirt) 1,900m; Winner: Down On Da Bayou, Mickael Barzalona, Salem bin Ghadayer.
8.15pm: Zabeel Mile Group Two $250,000 (T) 1,600m; Winner: Zakouski, James Doyle, Charlie Appleby.
8.50pm: Meydan Sprint Group Two $250,000 (T) 1,000m; Winner: Waady, Jim Crowley, Doug Watson.
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Killing of Qassem Suleimani
Killing of Qassem Suleimani
Dr Amal Khalid Alias revealed a recent case of a woman with daughters, who specifically wanted a boy.
A semen analysis of the father showed abnormal sperm so the couple required IVF.
Out of 21 eggs collected, six were unused leaving 15 suitable for IVF.
A specific procedure was used, called intracytoplasmic sperm injection where a single sperm cell is inserted into the egg.
On day three of the process, 14 embryos were biopsied for gender selection.
The next day, a pre-implantation genetic report revealed four normal male embryos, three female and seven abnormal samples.
Day five of the treatment saw two male embryos transferred to the patient.
The woman recorded a positive pregnancy test two weeks later.
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
The schedule
December 5 - 23: Shooting competition, Al Dhafra Shooting Club
December 9 - 24: Handicrafts competition, from 4pm until 10pm, Heritage Souq
December 11 - 20: Dates competition, from 4pm
December 12 - 20: Sour milk competition
December 13: Falcon beauty competition
December 14 and 20: Saluki races
December 15: Arabian horse races, from 4pm
December 16 - 19: Falconry competition
December 18: Camel milk competition, from 7.30 - 9.30 am
December 20 and 21: Sheep beauty competition, from 10am
December 22: The best herd of 30 camels
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FROM%20THE%20ASHES
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UAE currency: the story behind the money in your pockets
Bombshell
Director: Jay Roach
Stars: Nicole Kidman, Charlize Theron, Margot Robbie
Four out of five stars
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Tips for used car buyers
- Choose cars with GCC specifications
- Get a service history for cars less than five years old
- Don’t go cheap on the inspection
- Check for oil leaks
- Do a Google search on the standard problems for your car model
- Do your due diligence. Get a transfer of ownership done at an official RTA centre
- Check the vehicle’s condition. You don’t want to buy a car that’s a good deal but ends up costing you Dh10,000 in repairs every month
- Validate warranty and service contracts with the relevant agency and and make sure they are valid when ownership is transferred
- If you are planning to sell the car soon, buy one with a good resale value. The two most popular cars in the UAE are black or white in colour and other colours are harder to sell
Tarek Kabrit, chief executive of Seez, and Imad Hammad, chief executive and co-founder of CarSwitch.com
Specs
Engine: 51.5kW electric motor
Range: 400km
Power: 134bhp
Torque: 175Nm
Price: From Dh98,800
Available: Now
