Energetica India Magazine - September 2022

Q Give us an overview of the services that Tabreed provides in GCC and India? Sudheer Perla: Tabreed is an interna- tional developer of district cooling with headquarters in Abu Dhabi, UAE. We offer cooling solutions that are ener- gy-efficient, cost-effective, and envi - ronmentally friendly. Since its founding 24 years ago, Tabreed has become the Middle East’s go-to partner for depend- able outsourced cooling. We currently provide year-round sustainable cooling of over 1.23 million refrigeration tons (RT) to over 400 million square feet of air-conditioned space in major residen- tial, commercial, government, and pri- vate developments from 86 district cool- ing plants, thereby achieving significant cost and operational efficiencies in meet - ing thermal comfort needs. Tabreed designs, invests, develops, and manages centralized cooling infrastruc- ture in building masterplans to provide dependable and uninterrupted cooling through the distribution of chilled wa- ter under long-term concessions, while performing comprehensive Operations & Maintenance (O&M) to ensure the continuity of service delivery. We are the first global district cooling developer (providing cooling as a service) to launch operations in India in 2019 with the es- tablishment of a country office. Tabreed with IFC is seeking to provide more energy-efficient, end-to-end cooling as a service through an outsourced utili- ty model for real estate developments across target cities in India. Q You recently partnered with IFC. What does this mean for the Indian real estate sector? Sudheer Perla: Through our partner- ship with IFC, we are initially looking to invest up to USD 400 million over the next five years. We will be targeting a portfolio of approximately 100,000 refrigeration tonnes (RT) or 50 million square feet of the built-up area being served across industrial, commercial, retail, or mixed-use developments in the country. With regards to real estate, we are in discussion with a number of top-tier developers to evaluate project opportunities and are currently focus- ing on specific micro-markets in 6 key cities (Hyderabad, Bangalore, Gurgaon, Mumbai, Chennai, Pune) with a view to providing more energy-efficient, end- T his is the right time for India to invest in and adopt cooling as a utility to meet its climate goals as well as combat climate change effectively and building a more resilient and greener country, believes Sudheer Perla , Country Manager, Tabreed India, in an exclusive interaction with Manu Tayal , Associate Editor, Energetica India. Mr. Sudheer also discussed about his company’s business expansion plans and investments in the Indian market, CaaS model, energy-efficient cooling solutions, etc. Here’re the edited excerpts from that interaction: 18 energetica INDIA- September_2022 INTERVIEW Country Manager, Tabreed India SUDHEER PERLA