DC PRO Engineering was appointed by CVC DIF and Tabreed to provide technical due diligence services in relation to the acquisition of PAL Holding’s district cooling assets in Abu Dhabi.
The assignment involved a comprehensive assessment of plant and network conditions, operational performance, and long-term asset sustainability. DC PRO analyzed historical cooling demand profiles, benchmarked load densities, evaluated plant efficiency and KPIs, and assessed lifecycle and capital replacement requirements. The study also reviewed the relationship between cooling demand and contracted capacity to establish realistic future projections. The outcome provided CVC DIF and Tabreed with clear visibility on technical risks, asset value, and future investment needs, enabling informed commercial decision-making during the transaction process.
As an outcome of the transaction, CVC Tabreed acquired the DC assets in at 3.8 billion Dirham deal.
