DC PRO was appointed by Qatar Investment Authority (QIA) to provide Technical due-diligence services for the Acquisition of Marafeq and Qatar Cool District Cooling Assets in Qatar. The main scope of DC PRO Engineering was to provide a technical overview for the condition of the current assets, identify improvement potentials and associated costs, prepare life cycle costs, highlight any technical concerns, identify main technical or performance issues with mitigation plans, review operation and maintenance procedures and records, and assess performance KPIs and consumption levels to assist QIA in preparing their offers and in taking an informed decision in relation to the planned transaction of the district cooling assets owned and operation in downtown area.
As an outcome of the transaction, QIA intends to acquire 40% stake in Qatar Cool for 800 million QR and 75% stake in Marafeq
