Emirates Central Cooling Systems Corporation PJSC

Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, has announced its diamond sponsorship of the International District Energy Association (IDEA) conferences and exhibitions in 2025 for the second year in a row. This sponsorship is part of Empower's Sustainable Sponsorship Program and includes major events such as IDEA Campus Energy 2025. The initiative aims to enhance collaboration and expertise exchange with key stakeholders in the energy and district cooling sectors, emphasizing Empower's role in driving sustainability in the industry. Empower's CEO, H.E. Ahmad Bin Shafar, highlighted the company's commitment to innovation and resilience in energy systems, while IDEA President Rob Thornton expressed gratitude for Empower's support and strategic vision. The sponsorship allows Empower to showcase its global leadership in efficient energy and district cooling solutions and the UAE's leadership in addressing energy and climate challenges.

Emirates Central Cooling Systems Corporation PJSC (Empower) has begun operations at its new District Cooling plant in Jumeirah Beach Hills, Dubai. The plant, upon full completion, will have a total production capacity of 48,000 refrigeration tons (RT) and will serve prominent hospitality and residential projects in the Jumeirah area, including the Burj Al Arab and Jumeirah Beach Hotel. The plant adheres to international standards and sustainable building practices, integrating with the local architectural aesthetics. Empower's CEO, Ahmad Bin Shafar, highlighted the company's commitment to providing high-quality, environmentally friendly cooling services, reinforcing Jumeirah's status as a premier residential and tourist destination.

Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, has achieved a second Guinness World Record for the Largest Cooling Plant Coverage in its Business Bay district cooling project in Dubai. This project currently serves 188 buildings, including residential, commercial, and hospitality facilities, and is one of the largest district energy projects worldwide, with a capacity of 451,540 refrigeration tons. Empower's network spans 52.4 kilometers and utilizes advanced technologies, including thermal energy storage and treated sewage effluent. This achievement follows a previous record for the Highest Capacity District Cooling Plant. Empower's CEO, Ahmad Bin Shafar, highlighted the dedication of their teams and their commitment to efficiency, quality, innovation, and sustainability, aligned with the UAE's vision for the future.

The UAE Ministry of Energy and Infrastructure has signed a Memorandum of Understanding (MoU) with Emirates Central Cooling Systems Corporation (Empower) to explore and enhance partnership opportunities for district cooling services in the northern emirates. The agreement aims to improve quality of life, promote sustainability, and support the UAE's Net Zero 2050 Strategy by expanding environmentally-friendly district cooling systems. The MoU was signed by His Excellency Eng. Sharif Al Olama from the Ministry and His Excellency Ahmad Bin Shafar, CEO of Empower, highlighting a commitment to national interests and citizens' well-being. Both parties emphasize their dedication to achieving the UAE's energy goals, particularly in clean energy and sustainability, aligning with the objectives outlined in COP28 and the country's climate neutrality target by 2050.

Forbes Middle East has recognized H.E. Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), as a top sustainability leader in the energy and utilities sector across the Middle East. He is one of 107 leaders honored for their contributions to sustainability, with the UAE leading the list. The evaluation considered various sustainability efforts, including ESG reports and energy efficiency. This is Bin Shafar's second recognition by Forbes Middle East this year. He emphasized the importance of district cooling systems in sustainable development and highlighted Dubai's goal to increase environmentally friendly cooling systems to 40% of its total capacity by 2030.

Emirates Central Cooling Systems Corporation (Empower) reported strong financial results for the third quarter of 2024, with total revenue reaching AED 2.451 billion, marking an 8.0% increase compared to the previous year. The company's EBITDA for the nine months ending September 30, 2024, was AED 1.124 billion, reflecting a 4.7% growth. Pre-tax net profit rose by 5.0% to AED 719 million. Empower attributed this exceptional growth to increased demand for its services in Dubai, driven by a booming real estate market and a rise in new development projects.