National Central Cooling Company PJSC (DFM:TABREED) agreed to acquire Masdar City district cooling plants and concession on January 15, 2020. In addition to the plant, Tabreed will also acquire the use of two deep geothermal wells located in Masdar City that are a part of a major research & development collaboration initiative. National Central Cooling Company will explore the development of large-scale cooling plants in Sharjah via a joint venture with environmental management company Bee'ah.