$130m revenue for Empower in 2010
DC provider announces a 31 per cent increase in revenue over 2009
The region’s largest district cooling service provider, Empower, has recorded revenues of $129.8 million for 2010, representing a 31 per cent increase over 2009.
Ahmed Bin Shafar, CEO of Empower, said: “Empower follows an innovative business model of diversifying its client base and adopting best practices in managing our operations to cope with the growth in operations.”
Bin Shafar has emphasised that the company has achieved growth because awareness is higher in the importance of district cooling as an alternative to conventional cooling in the UAE.
He pointed out that the low usage of district cooling across the Middle East present an ideal business opportunity for district cooling companies to enter these emerging markets. Bin Shafar said that the healthy financial status of Empower allows it to go to other parts of the Middle East.
“Empower stands at the forefront of district cooling companies in the region. We have the right calibre and world-class infrastructure to lead this industry in the Middle East. We adopt a well-rounded strategy to preserve natural resources in the UAE and disseminate district cooling technology through community outreach programmes, specifically tailored to our customer base,” Bin Shafar added.