(Changes para 3 to show a Mubadala affiliate, not Mubadala, is part of consortium)
DUBAI, July 10 (Reuters) - United Arab Emirates’ Tabreed is heading a consortium that has acquired a concession to provide district cooling services in Abu Dhabi worth 1.05 billion dirhams ($285.9 million), the firm said on Thursday.
The 30-year contract involves buying the existing district cooling provider to Al Maryah Island in Abu Dhabi and will be funded through a combination of equity and a 20-year loan provided by First Gulf Bank, Tabreed said in a statement on Dubai’s bourse.
Tabreed’s consortium includes Mubadala Infrastructure Partners, an affiliate of Abu Dhabi state-owned investment fund Mubadala.
Mubadala holds a 14.3 percent stake in Tabreed, according to Thomson Reuters data.
$1 = 3.6729 United Arab Emirates Dirhams Reporting by Praveen Menon; editing by Matt Smith