Saudi Tabreed is the 100% sponsor of Green Park Cooling Company, which holds the 25-year build-own-operate-transfer agreement for the park's district cooling. The Foundation is the off-taker, and the first phase of the 60,000-tonne contract is 20,000 tonnes.
What it works on
Timeline
13 Jun 2023Construction
District cooling plant contract awarded to SNC-Lavalin
SNC-Lavalin received a 27-month EPC contract for the park's first district cooling plant, with an ultimate capacity of 60,000 refrigeration tonnes.
14 Sep 2023Investment
Saudi Tabreed signs a 25-year district cooling agreement
The Foundation signed a 25-year build-own-operate-transfer agreement for 60,000 refrigeration tonnes, with 20,000 allocated to the first phase.