# Tabreed partners with IFC for district cooling expansion in India

Tabreed and IFC formed a partnership to invest up to $400 million over five years in district cooling projects in India, targeting a portfolio of approximately 100,000 refrigeration tonnes. A new holding company in Singapore will be jointly owned by Tabreed (75%) and IFC (25%).

- Type: Partnership
- Announced: 2021-12-20
- Where: India, India
- Value: $400.0M
- Status: announced
- Capacity: 100,000 refrigeration tonnes
- Products: district cooling services
- Sectors: [HVAC and Industrial Refrigeration](https://endata.com/sectors/hvac-refrigeration.md)

## Companies

- [International Finance Corporation](https://endata.com/companies/12849.md) (investor)
- [Tabreed](https://endata.com/companies/30728.md) (partner)

## Sources

- [tabreed.ae](https://www.tabreed.ae/news/tabreed-partners-ifc-expansion-india), 2021-12-20: "This district cooling project is at the heart of what IFC is all about."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.