In an eclectic interaction with Surendar Balakrishnan of Climate Control Middle East, H.E. Ahmad Bin Shafar, the CEO of Empower, highlights key milestones achieved as a District Cooling utility, the impact of the IPO and the technological innovations that have broken down barriers for the advancement of District Cooling. Excerpts from the interview…
Posted: August 1, 2025
District Cooling utility speaks of continuous growth, says it has achieved record financial and operational results in 2024
Posted: February 17, 2025
Growth driven by increased demand for electricity, water and clean energy initiatives, utility provider says
Posted: February 10, 2025
Utility provider showcases District Cooling scheme with an ultimate cooling capacity of 451,540 refrigeration tons and consisting of nine plants, four of which are currently operational, serving 188 multi-use buildings and skyscrapers through a single pipeline network spanning 52.4 kilometres
Posted: October 1, 2024
DUBAI, UAE, 9 November 2022: Emirates Central Cooling Systems Corporation PJSC (Empower) said that following the successful completion of the bookbuild and public subscription process for its initial public offering (IPO), it has set the final offer price for its IPO at AED 1.33 per share, at the top of the price range. According to […]
Posted: November 9, 2022
DUBAI, UAE, 8 November 2022: Emirates Central Cooling Systems Corporation PJSC (Empower) today announced that following approval from the Securities and Commodities Authority (SCA), Dubai Electricity and Water Authority PJSC (DEWA) and Emirates Power Investment LLC (Emirates Power), an indirectly wholly owned subsidiary of Dubai Holding LLC (Dubai Holding), together the Selling Shareholders, have exercised […]
Posted: November 8, 2022
DUBAI, UAE, 4 November 2022: Emirates Central Cooling Systems Corporation (Empower) said that following approval from the Securities and Commodities Authority (SCA), Dubai Electricity and Water Authority PJSC (DEWA) and Emirates Power Investment LLC (Emirates Power), an indirectly wholly owned subsidiary of Dubai Holding LLC (Dubai Holding), together the Selling Shareholders, have exercised their right […]
Posted: November 4, 2022
DUBAI, UAE, 1 November 2022: Emirates Central Cooling Systems Corporation PJSC (Empower) announced that following approval from the SCA, Dubai Electricity and Water Authority PJSC (DEWA) and Emirates Power Investment LLC (Emirates Power), an indirectly wholly owned subsidiary of Dubai Holding LLC – together the “Selling Shareholders” – have exercised their right to increase the […]
Posted: November 1, 2022
DUBAI, UAE, 31 October 2022: Emirates Central Cooling Systems Corporation PJSC (Empower) announced through a Press release the price range and start of the subscription period for its initial public offering (IPO) on the Dubai Financial Market (DFM). H.E. Ahmad Bin Shafar, CEO, Empower, said: “Empower has a proud history of pioneering sustainable cooling technology […]
Posted: October 31, 2022
Company says it will be deploying energy-saving measures across Dubai Municipality facilities, which will offer an estimated annual savings worth 16.6 million kWh in electricity consumption and 9.3 million gallons in water consumption
Posted: September 30, 2022