Search DubaiPRNetwork.com

Dubai and UAE
Home >> Energy and Industry

Sheikh Ahmed bin Saeed Al Maktoum reviews Empower's global leadership in district cooling during his visit to Empower's stand at WETEX 2021

Sheikh Ahmed bin Saeed Al Maktoum reviews Empower's global leadership in district cooling during his visit to Empower's stand at WETEX 2021

Tuesday, October 5, 2021/ Editor -  

Share

Home >> Energy and Industry

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.'

 


Previous in Energy and Industry

Next in Energy and Industry


Home >> Energy and Industry Section

Latest Press Release

Ministry of Industry and Advanced Technology extends nomination period for Make ...

Icons shine with OMEGA in Milan

LG Announces First-Quarter 2024 Financial Results

Dubai South Signs Agreement With Agmc To Launch A New AED 500 Million State-Of ...

Terra Nova 40.5 Turning Bezel Power Reserve

ADMAF announces the return of 'Riwaq Al Adab Wal Kitab' with a lively cultural p ...

Formula E And Fia Unveil Gen3 Evo Race Car Capable Of 0-60mph In Just 1.82s

FEST Auto and Abu Dhabi University collaborate to accelerate sustainable urban m ...

Dubai Customs and "Dubai Charity" Distribute Meals and Food Supplies t ...

HM8 MARK 2 Back to the dream

Expo City Dubai to Host The Wings for Life World Run for the 2nd Consecutive Yea ...

Thousand mangrove trees to be planted as part of EarthSoul Festival in Dubai

World Art Dubai 2024 Unveils 12 International Pavilions Showcasing Global Artist ...

A New Blueprint for Health and Vitality at AyurMa: Introducing PraMā at Fou ...

Over AED 768 million worth pension disbursements for the month of April, announc ...

Experts outline a promising future for the GCC hospitality sector, as the UAE ma ...

Union Coop and Ministry of Human Resources and Emiratization Collaborate to Trai ...

Moorfields Eye Hospital Dubai unveils 20% expansion, equipped with the latest te ...

Dubai Food Festival 2024: Get ready to feast your senses at Mall of the Emirates ...

RAKEZ achieves 61% increase in new company registrations in Q1 2024