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UAE's Tabreed wins USD285m concession  Join our daily free Newsletter

MENAFN - 11/07/2014
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(MENAFN) The UAE's Tabreed has recently won a concession to provide district cooling services in Abu Dhabi worth USD285.9 million, the firm said yesterday, according to Gulf Daily News.

Under the 30-year contract, Tabreed will be buying the existing district cooling provider to Al Maryah Island in Abu Dhabi and will be fnded through a combination of equity and a 20-year loan, Tabreed said in a statement on Dubai's bourse.


Tabreed's consortium includes Mubadala Infrastructure Partners, an affiliate of Abu Dhabi state-owned investment fund Mubadala.

Mubadala holds a 14.3 percent stake in Tabreed, according to Thomson Reuters data.

 
 


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