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Posts related to: District Energy

‘Backbone of carbon-neutrality’

The 6th edition of DC Dialogue, on October 27, in Dubai, was a platform for soul-searching, with regulators, consultants and clients expressing the need for overcoming what they described as an impasse faced by the sector. Nafeesa Mohammed, Features Writer, has the story…

Posted: January 13, 2023

Tabreed announces financial results for first nine months of 2022

ABU DHABI, UAE, 15 November 2022: Tabreed on November 14 released its consolidated financial results for the first nine months of 2022, reporting an EBITDA of AED 912 million – an 18% increase over the same period, last year – and a net profit of AED 400 million, representing a three per cent increase. Making […]

Posted: November 15, 2022

Marrying District Cooling with renewable energy

SHARM El-SHEIKH, Egypt, 15 November 2022: Take District Energy and add renewable energy sources. That way, you have the key ingredients that cities can use to provide cooling for citizens in a carbon-neutral way – not least in the Global South, where cooling is more urgent than ever. Danfoss said this while speaking in a […]

Posted: November 15, 2022

Empower to become the worlds’ largest listed District Cooling services provider

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

Empower IPO: District Cooling company announces increase in number of shares offered to retail investors

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

Empower IPO: Company announces further increase in offer size, from 15% to 20%

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

US Chillers-operated ISF District Cooling Plant wins award

DUBAI, UAE, 3 November 2022: Dalkia US Chiller Services said the ISF Al Duhail District Cooling Plant earned recognition for its superior performance as the most efficient District Cooling Plant in the State of Qatar. Making the announcement through a Press release, Dalkia US Chiller Services added that it is operating and maintaining the plant. […]

Posted: November 3, 2022