Press releases, Reports & Disclosures for Emirates Central Cooling Systems Corporation PJSC

Emirates Central Cooling Systems Corporation PJSC (Empower), the largest provider of district cooling services globally, has entered into an agreement with the Dubai Multi Commodities Centre (DMCC) to supply environmentally friendly district cooling services to the next phase of Uptown Dubai. This phase will have a capacity of 24,675 refrigeration tons. The signing took place at DMCC's headquarters, with key figures from both organizations present. Uptown Dubai is a smart district featuring mixed-use towers and various amenities, strategically located in the southern part of Dubai. Empower's JLT District Cooling project, which includes multiple plants and a comprehensive pipeline network, is designed to support new projects, enhancing investor confidence in their sustainable services. Empower's CEO, Ahmad Bin Shafar, highlighted the importance of the partnership in contributing to sustainability goals and reducing carbon emissions.

Empower Insulated Pipe Systems (ELIPS), a subsidiary of Emirates Central Cooling Systems Corporation, has expanded its market presence in the Gulf and Middle East, now operating in Saudi Arabia, Bahrain, Oman, Qatar, Kuwait, and Egypt, alongside its existing UAE operations. Over the past 16 years, ELIPS has produced over 880 kilometers of insulated pipe systems, with a 40% production increase in the last five years, serving more than 300 clients and completing over 240 projects. Chairman Ahmad bin Shafar noted the company's strategic expansion into global markets, emphasizing its use of competitive, advanced technologies to meet diverse market needs. ELIPS aims to become the leading supplier for district cooling and oil and gas sectors, focusing on sustainability and manufacturing without carbon-emitting materials. Its Dubai-based factory is the largest in the UAE, featuring advanced robotics technology.

Emirates Central Cooling Systems Corporation PJSC (Empower) reported record financial and operational results for 2024, with AED 3.3 billion in revenue, a 7.4% year-over-year growth, and a net profit of AED 908 million. The company achieved AED 1.56 billion in EBITDA, a 6.2% increase. Empower's portfolio included 1,637 buildings and a district cooling distribution network of over 418 kilometers, with a total contracted capacity of 1.78 million RT. In 2024, Empower signed 111 agreements for district cooling services, issued 42,735 NOCs (a 22% increase), and saw a 10% rise in district cooling service consumption. Online customer transactions grew by 11%, and electronic registrations increased by 10% to 888,860. CEO Ahmad Bin Shafar attributed the success to strategic goals aligned with Dubai's economic growth and advancements in technology and customer satisfaction.

The document is the Directors’ report and consolidated financial statements for Emirates Central Cooling Systems Corporation P.J.S.C for the year ending 31 December 2024. It provides an overview of the company's financial performance and activities during the year. The report includes detailed financial statements, outlining the company's assets, liabilities, revenues, and expenses. It also covers significant events and developments that occurred during the year, as well as the company’s future outlook and strategic direction.

Dubai is preparing to host the International District Cooling Conference 2025 for the fourth time. His Excellency Ahmad Bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), met with Rob Thornton, President and CEO of the International District Energy Association (IDEA), to discuss the event's preparations. The conference will focus on themes aligned with recent developments in the district cooling industry, its challenges, and strategies to address them. It aims to reinforce its status as a leading global platform for district cooling discussions, promoting energy efficiency and environmental sustainability. Empower, with a history of successfully hosting the conference in 2014, 2016, and 2018, highlights Dubai's role as a hub in the district cooling industry. The conference, scheduled for December, will gather specialists and leaders in district cooling, energy efficiency, and renewable energy solutions from around the world.

Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, is enhancing its global presence by participating as a Diamond Sponsor at the IDEA Campus Energy 2025 International Conference in Boston, USA. The event, organized by the International District Energy Association (IDEA), will occur from February 3rd to 6th and is expected to attract over 1,000 participants worldwide. Empower's sponsorship is part of a broader commitment to support IDEA's conferences and exhibitions throughout 2025. The delegation, led by Empower CEO H.E. Ahmad Bin Shafar, will also participate in IDEA Board of Directors meetings and a technical tour of advanced energy facilities. Bin Shafar emphasized Empower's commitment to fostering collaboration and innovation in the district cooling industry to promote sustainability.

Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, has advocated for the adoption of district cooling in the healthcare sector to enhance sustainability and public health. At the Arab Health 2025 Exhibition and Conference in Dubai, Empower emphasized the importance of district cooling in creating an optimal environment for healthcare facilities. Empower's systems serve various healthcare projects, including Dubai Healthcare City, with a cooling capacity of 142,000 refrigeration tons. The company encourages healthcare leaders and international exhibitors to explore the health benefits of these sustainable solutions. Empower is committed to supporting the healthcare sector by providing environmentally friendly cooling services that contribute to climate change mitigation. CEO Ahmad bin Shafar highlighted the company's dedication to delivering world-class district cooling services to medical facilities in Dubai, ensuring patient and staff comfort while conserving energy and protecting the environment. Empower's services extend to numerous hospitals, clinics, and laboratories across Dubai.