India in top three fastest-growing District Cooling markets, says Engie
Dubai, UAE, 6 March 2019: India is in the top three fastest-growing District Cooling (DC) markets in the Asia Pacific region, said Frederic Claux, Head of Assets, Engie MESCAT and board member, Tabreed, highlighting the country’s position as one of the fastest-growing economies in the world, with 7-8% GDP annual growth forecast in the short-to-medium term. This he said, is largely owing to the rapid growth of real estate, creation of Smart and Green cities, increased purchasing power and ambitious plans for new developments.
Additionally, Claux said, the move to integrate energy efficiency as a core strategy in India’s development demonstrates the public sector’s commitment to address climate change and electricity disruption. He said: “Government stability and different measures taken to promote and enable energy-efficient solutions creates a positive context for the development of DC. Moreover UNEP, with whom Engie has established a close cooperation, is deeply involved in the promotion of DC, in the framework of the District Energy in Cities Initiative, in India.”
To underscore the growing acceptance of District Cooling in India, Claux pointed to the Amaravati District Cooling project, which, according to Engie, is Tabreed’s first project outside the GCC region and the first District Cooling project developed in PPP in India. The agreement between Tabreed and the Andhra Pradesh Capital Region Development Authority (APCRDA) is for a total capacity of 20,000 tonnes of refrigeration (TR) for over an area of one square km for government buildings. “In parallel with the great success of the Amaravati Capital City DC project that Tabreed has been awarded,” Claux said, “we are exploring a few other opportunities around the Mumbai area and in other areas in the Western regions. The potential for development of DC projects is very promising across the country.”
District Cooling, Claux stressed, is the backbone of smarter and sustainable cities and a way to improve resilience, pointing out that it is up to 50% more efficient than conventional stand-alone air conditioning solutions and produces 50% lower CO2 emissions, allowing for more efficient integration with locally available renewable resources for cooling production. He said, “The new energy world is characterised by decarbonisation, decentralisation and digitalisation, with modern District Energy systems at the heart of the energy revolution.”
Claux said, “Engie, together with its partners in different parts of the world, like Mubadala and Tabreed in the GCC region, believes that District Cooling will create tremendous value for customers and stakeholders and has identified it as a rapidly developing growth sector, which is significantly contributing to Engie’s transformation.” He added that with more than 1.3 million TR installed, and with the acquisition of 40% of Tabreed, “Engie has become the world’s independent leader in District Cooling”.