Empower Sees 41% Surge in Electronic Registrations Over 5 Years
Emirates Central Cooling Systems Corporation PJSC (Empower) has reported a significant increase in electronic customer registrations and bill payments, reflecting its commitment to growth and efficiency.
Summary
Empower has recorded a 41% increase in electronic customer registrations over the past five years and an 11% rise in electronic bill payments in the first half of 2024. The company also issued nearly 20,000 No Objection Certificates, enhancing business efficiency.
Emirates Central Cooling Systems Corporation PJSC (Empower) has announced a remarkable 41% growth in new customer registrations through electronic platforms from 2019 to 2023. This surge underscores the increasing preference for Empower's district cooling services across both public and private sectors in Dubai.
In the first half of 2024 alone, Empower processed 427,114 bill payment transactions via its electronic payment channels, marking an 11% increase compared to the same period last year. This growth is indicative of the company's strategic efforts to streamline its operations and enhance customer convenience through digital solutions.
HE Ahmad Bin Shafar, CEO of Empower, emphasized the company's commitment to sustainable growth and shareholder satisfaction. He highlighted that the company's business model focuses on providing high-quality, competitive services that positively impact performance levels and align with Dubai's national strategies and technological advancements.
Additionally, Empower approved 19,675 applications for No Objection Certificates (NOCs) in the first half of the year, a 21% increase from the same period in 2023. This initiative aims to facilitate business operations for consultants and contractors, reducing violations, damages, and fines, and saving time and effort.
Bin Shafar noted that Empower's operations reflect Dubai's robust economy and the growing demand for its services. The company's customer base expanded to over 138,000 in the first half of the year, further solidifying its market position.
Given the company's consistent growth, commitment to technological advancement, and alignment with national strategies, investors might consider holding onto their shares. Empower's proactive approach to enhancing business efficiency and customer satisfaction positions it well for future growth.
Source
Summary
Emirates Central Cooling Systems Corporation PJSC (Empower) reported a 41% increase in new customer registrations via electronic platforms over the past five years and issued nearly 20,000 No Objection Certificates (NOCs) in the first half of this year. Additionally, there was an 11% rise in bill payments through electronic channels in the same period. Empower noted a 21% increase in the issuance of NOCs, which enhance business efficiency and productivity. CEO HE Ahmad Bin Shafar highlighted that these achievements reflect the company's commitment to sustainable growth and alignment with Dubai's technological advancements and national strategies. Empower's customer base grew to over 138,000 in the first half of the year.
