IFC to assist Tabreed in expanding its operations in India

18 Jan 2022 CW Team

The UAE's National Central Cooling Co, commonly known as Tabreed, has formed a joint venture with the World Bank Group's International Finance Corp to extend operations in India through a holding company.

Tabreed India's ownership will be moved to a Singapore-based holding company, with Tabreed retaining a 75% stake and IFC holding the remaining 25%.

Tabreed constructs, owns, and runs cooling infrastructure for real estate developers and other end customers, including data centres, cold chains, and urban skyscrapers.

The two partners will invest an initial $100 million in the new holding company, with a mandate to invest up to $400 million in projects over the following five years, aiming for a portfolio of 100,000 refrigeration tonnes serving industrial, commercial, and retail complexes.

The Burj Khalifa, the Sheikh Zayed Grand Mosque, and the Louvre Abu Dhabi are just a few of the renowned projects Tabreed has worked on.

Perla said the cooperation will help the firm expand its operations in India, allowing it to provide more energy-efficient, end-to-end cooling solutions for real estate expansions, new urban master plans, and redevelopments through outsourced utility models.

IFC and Tabreed have agreed on an investment eligibility criterion that, in addition to traditional financial standards, incorporates a strong environmental, social, and governance framework when establishing district energy projects, according to the business. With capital-intensive infrastructure requirements, project finance will be used to generate debt for particular projects.

The government is increasingly seeing district cooling as a requirement for urban master plans and smart city projects.

Image Source

Infrastructure Urban

05 May 2026

Meghalaya And Assam Hold Talks To End Transport Stoppages In Garo Hills

Meghalaya and Assam have opened talks aimed at ending recent stoppages of commodity transport in the Garo Hills, officials said. The deputy chief minister, in charge of home affairs, reported that both state governments are coordinating to resolve disruptions and to restore normal movement of goods. He acknowledged that misunderstandings may have contributed to the incidents and that clarification between administrative units is under way. The discussions are intended to produce practical arrangements that will allow consignments to move without hindrance while respecting local procedures. The..

Kochi Metro Records 1.375 mn Rise In Passengers In FY26

Kochi Metro recorded a marginal rise in ridership in the financial year 2025-26, carrying 1.375 mn more passengers than in the previous year. The service carried 36.8 million (mn) passengers in 2025-26 compared with 35.5 mn in 2024-25, representing a year-on-year increase of 3.9 per cent. The growth was described as distributed rather than concentrated in isolated spikes. A month-wise analysis shows steady gains across quarters. In the first quarter, ridership increased from 8.57 mn to 8.84 mn, while the second quarter rose from 9.13 mn to 9.51 mn. These trends indicated broad-based improvemen..

Ghaziabad Plans 16km Metro Link To Delhi Via Hindon Airport

Ghaziabad authorities are pursuing a 16 km metro link to Delhi that will run via Hindon Airport, and a detailed project report is under way. The plan is intended to improve connectivity between Ghaziabad and the national capital and to provide an interchange with the airport. Officials said the project is being studied to assess alignments, station locations and cost estimates ahead of formal approvals and tendering. The announcement follows the inauguration of the Delhi?Faridabad metro extension, which will offer hassle free travel for around 0.2 mn daily commuters between the national capita..