Empower wins $16mn new contracts
District cooling provider pens deals to continue rapid expansion.
Emirates Central Cooling Systems Corporation (Empower) was awarded contracts valued at AED 59mn ($16mn) in the third quarter of the year to boost District Cooling (DC) operations across Dubai.
According to HE Ahmad Bin Shafar, CEO of Empower, the contracts are part of significant expansion of the company’s operations, which currently occupy a share of 70% of the DC market in Dubai.
“These contracts are among many we have signed so far since the beginning of the year. We are moving confidently for further growth in the UAE,” he said.
“As a unique industry, there are tremendous opportunities for developing a wide range of sophisticated competencies in District Cooling; especially in the technical, customer service, and project management fields. These competencies will further boost the industry, thus increasing its reliability in meeting the growing needs for cooling services in Dubai.
He added: “We have long term contracts, some of which are designed to enhance our production for the coming 25 years or so. We understand the demand, and are ready to meet the future needs that might be required in mega projects across the Emirate.”
Empower currently operates more than 1 Million RT covering large-scale real estate developments such as Jumeirah Group, Business Bay, Jumeirah Beach Residence and Dubai International Financial Centre.