Sheikh Ahmed bin Saeed Al Maktoum reviews Empower's global leadership in district cooling during his visit to Empower's stand at WETEX 2021
Dubai, UAE, 05 October 2021: His Highness Sheikh Ahmed bin Saeed Al Maktoum visited the pavilion of Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling service provider, at the Water, Energy, Technology and Environment Exhibition (WETEX 2021), which is being held in the Dubai Exhibition Centre at the site of the global event Expo 2020 in Dubai. During the visit, His Highness was briefed on the qualitative developments of Empower’s various projects and its adoption of innovative technologies in consolidating company’s global leadership in the district cooling industry as the world's largest service provider.
His Highness listened to a detailed explanation by Ahmad bin Shafar, CEO of Empower, about company’s achievements, most notably the drivers of sustainable financial performance pursued by Empower, which resulted in an year-over-year growth of 3.4% in its profits, amounting to AED 901 million in 2020. His Highness was also informed about the prestigious international position that the company has occupied and qualified to consolidate its global leadership in the industry this year by concluding two acquisition deals for the district cooling operations of Nakheel and Meydan districts, with a total value and future investments of AED 2.5 billion, raising Empower’s total capacity to 1,853,000 refrigeration tons (RT) at the end of 2021 to serve 1,633 buildings in different sectors, the number of customers to 160,000 and Empower's market share to 79.5% in Dubai.
His Highness was also briefed on the completed as well as the upcoming projects of Empower, including the new district cooling plants and expansions of the distribution network, which aim to keep pace with the development of district cooling infrastructure to provide the environmentally friendly cooling services to number of new projects in the city. His Highness viewed a presentation on company’s plans and aspirations for the current time, led by the qualitative leap in utilizing advanced technologies to provide energy efficient district cooling services.
His Highness listened to a briefing by Bin Shafar on the international recognition that Empower received at the IDEA 2021 Conference and Trade Show, which was concluded in the United States of America last week, with a participation of more than 2,400 experts from 30 different countries, where Empower won two gold awards for its leadership in promoting the district cooling industry globally, encouraging decision makers to adopt district cooling solutions, and implementing best integrated green practices.
Bin Shafar said, 'His Highness' visit to Empower’s stand is a great incentive for our teams to put more efforts to harness our capabilities in developing innovative solutions in district cooling services that enhance people’s lives and contribute to environmental sustainability.'
Home >> Energy and Industry Section
Al Marmoom: Film in the Desert Showcases Immersive Artistic Experiences
Great Britain & Ireland off to a hot start at 2025 Team Cup
Mohammed Bin Rashid Library Welcomes 2025 With Literary and Music Evenings in Ja ...
Hamdan Foundation Participates in the 14th ALECSO Conference of Arab Ministers o ...
2024 Sees Growth in Curated Communities Driving Support for Scaling Founders
Explore The Design Language of The VinFast VF 8
Hala Badri Visits Al Marmoom: Film in the Desert Festival and Meets Participatin ...
Dubai Civil Aviation Authority and Ports, Customs, and Free Zone Corporation Col ...
Fun Activities and Entertainment for Families Lights, Action, Carnival! Join Du ...
Emrill Energy and the Institute of Real Estate Management sign strategic MoU to ...
Benefit Cosmetics is revealing its New Brow product: Mighty Fine Brow Pen
DCT Abu Dhabi and Mubadala foundation launch house of artisans design competitio ...
UAE advances tech cooperation with US partners at CES 2025
NMDC Energy awarded $1.136 Billion EPC contract for Taiwan subsea gas pipeline p ...
Final Week Of DSF Daily Surprises Brings Exclusive One-Day-Only Offers
Industry experts to address supply chain challenges, digital innovation and sust ...
Ministry of Economy organises workshop to highlight role of ‘Economic Activities ...
EGA hired more than 110 UAE National women in 2024
DWTC Drives Dubai's Global Leadership in Business Tourism with a World-Class Eve ...
Emirates set to become the world's first Autism Certified Airline™