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THE ECONOMY - UTILITIES

Empower introduces mobile chiller trailers

Posted on 23/08/2016

Emirates Central Cooling Systems Corporation, Empower, has launched mobile chiller trailers to ensure 24/7 uninterrupted district cooling service for the company's customers. Ahmad bin Shafar, CEO of Empower, said, "This innovative project is part of our relentless efforts to continuously enhance our customer service principles and standards. It also demonstrates our innovative strategy to adopt world's best technologies and practices implemented in the district cooling industry." He ...  >>MORE

TAQA announces H1 results for 2016

Posted on 11/08/2016

Abu Dhabi National Energy Company, TAQA, yesterday announced its results for the first half of 2016. Revenues and EBITDA were down 19% and 21% respectively to AED7.9 billion and AED4.1 billion in the first half of 2016. This was due primarily to the 39% drop in realised oil and gas prices and resulted in a net loss of AED1.2 billion compared to a net loss of AED165 million in H1 2015. Net profit was also negatively impacted by the absence of the one-off AED555 million UK tax credit booked in ...  >>MORE

Empower launches summer programme to introduce Emirati university students to district cooling industry in UAE

Posted on 11/08/2016

As part of its role in enhancing the competence of UAE nationals, Emirates Central Cooling Systems Corporation (Empower) has launched a summer training programme for Emirati university students to boost their learning process and expose them to latest technologies, innovations and environmental solutions. "The summer programme demonstrates our commitment to our country by training the UAE nationals to work in the technology, creativity, business environment and management sector. The programme ...  >>MORE

Empower inks AED1.8 billion deal with Nakheel

Posted on 20/07/2016

Continuing its local and global successes, Emirates Central Cooling Systems Corporation, Empower, the world's largest district cooling services provider, has signed a contract with Nakheel to provide district cooling services to Jumeirah Village Circle and Jumeirah Village Triangle, with a total value of AED1.8 billion. Empower will build up to 6 cooling plants in the two locations, to provide 260,000 refrigeration tons, RT, for the 400 buildings. The project is divided into several phases and ...  >>MORE

Empower saves 263 million gallons of fresh water in 2015

Posted on 17/05/2016

The Emirates Central Cooling Systems Corporation (EMPOWER) achieved record saving of 263 million imperial gallons of fresh water in 2015, enough to fill 478 Olympic swimming pools. This was achieved despite the higher demand for District Cooling services in Dubai, in which Empower occupies a share of 70%. "This comes in the framework of the company's keenness to preserve water resources in Dubai, and adherence to the national strategy for sustainable development of water resources," according ...  >>MORE

Empower’s district cooling transmission pipeline reaches 223 km in Dubai

Posted on 10/05/2016

The Emirates Central Cooling Systems Corporation, EMPOWER, yesterday said that its district cooling transmission pipeline has crossed the 223 kilometres mark in Dubai. The company has attributed this expansion to its aggressive strategy to expand its operations across the Emirate. Speaking on the occasion, Ahmad Bin Shafar, Chief Executive Officer of Empower, said, "Empower was able to become a leading example in the district cooling industry and we are moving ahead in our expansion while ...  >>MORE

Empower calls for intensifying fight against global warming at International District Energy Association meeting in Austin

Posted on 29/02/2016

A delegation from Emirates Central Cooling Systems Corporation, Empower, headed by Ahmad bin Shafar, Chief Executive Officer, has wrapped up a successful participation in the International District Energy Association, IDEA, Campus Energy Conference 2016, held in Austin, Texas, USA. During its participation, the delegation highlighted the importance of investing in sustainability, elaborating that district cooling is a feasible investment which yields economic and environmental benefits and ...  >>MORE

Empower steers global district cooling sector reflecting Dubai’s pioneering position

Posted on 04/02/2016

Ahmad Bin Shafar, Chief Executive Officer of Emirates Central Cooling Systems Corporation, Empower, the world's largest district cooling services provider, has hailed the ranking of Dubai as one of the top 5 models of 'Cities of the Future' by the International Real Estate Federation. Bin Shafar says that this recognition confirms the international standards of urban planning in Dubai, including implementation of highest standards of sustainability, smart cities and financial vibrancy. In a ...  >>MORE

Empower committed to Dubai Plan 2021

Posted on 28/09/2015

Emirates Central Cooling Systems Corporation, Empower, has developed a plan aligned with Dubai Plan 2021 perspectives by exerting efforts in 6 key themes, including city of happy, creative and empowered people, inclusive and cohesive society, preferred place to live, work and visit, smart and sustainable city, pivotal hub in the global economy, and a pioneering and excellent government. Empower has been awarded the Dubai Chamber CSR Label in recognition of its success in operating sustainably ...  >>MORE

Ahmad Bin Shafar named CEO of the Year in Energy Sector at CEO Middle East Awards 2015

Posted on 17/09/2015

Ahmad bin Shafar, CEO of Emirates Central Cooling Systems Corporation, Empower, won the CEO of the Year – Energy in the CEO Middle East Awards 2015, organised by CEO Middle East Magazine, published by ITP Publishing Group. The award was in recognition of the role played by bin Shafar in strengthening and expanding Empower and his contributions to the district cooling sector in the Middle East, as well as his significant achievements in transforming Empower into a global player. Mr bin Shafar ...  >>MORE

Empower achieves significant gains in its summer’s campaign recording 19.6% reduction in district cooling consumption in August alone

Posted on 10/09/2015

Emirates Central Cooling Systems Corporation, Empower, has achieved 19.6% reduction in district cooling consumption in August, 2015, compared to the same period last year, as a result of its summer campaign ‘Set to 24c and Save', that commenced at the start of the summer. This campaign supports environmental sustainability and strengthens the rationalisation of energy consumption in Dubai. "In line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and ...  >>MORE

Emicool plans capacity expansion to 500,000 Tonnes of Refrigeration by 2020

Posted on 18/08/2015

Emirates District Cooling LLC (Emicool) - a district cooling service provider in the region and a joint venture of Dubai Investments PJSC and Union Properties, is planning to increase its plant capacity to 500,000 Tonnes of Refrigeration (TR) by 2020 as rampant construction is leading to pent-up demand for district cooling services across the UAE and region. The company, based in Dubai Investments Park (DIP), also recorded a 30% increase in peak consumption in the first six months of 2015, ...  >>MORE

TAQA announces H1 2015 results

Posted on 14/08/2015

TAQA, the Abu Dhabi based international energy company, yesterday announced its financial and operating results for the six months ended 30th June 2015, saying that significant cost reductions and strong operational performance had partially mitigated the impact of an approximately 50% fall in oil and gas prices. "While the current commodity price environment has impacted the whole industry, our results show that we are delivering on our accelerated cost transformation programme," said Edward ...  >>MORE

Empower recycles 11 tons of paper

Posted on 11/08/2015

Emirates Central Cooling Systems Corporation, Empower, the world's largest district cooling services provider, has recycled 11 tons of paper used in its offices and plants, since it kicked off its recycling programme in 2011. According to Ahmad bin Shafar, Chief Executive Officer of Empower, this step comes in line with the company's firm commitment towards sustainability and is part of its corporate social responsibility programme. Starting in May 2011, all shredded documents at Empower were ...  >>MORE

Empower saved 16.4%of district cooling consumption in first month of "Set to 24 C and Save" campaign

Posted on 27/07/2015

Emirates Central Cooling Systems Corporation (EMPOWER) has saved almost 16.4% in June 2015 compared to the same period last year, as part of its summer campaign ‘Set to 24 C and Save'. Ahmad Bin Shafar, Chief Executive Officer of Empower, said adopting energy saving tips helped consumers to reduce their consumption and bills without affecting their air conditioning experience. "We achieved significant results in just one month and expect more impressive results by the end of the campaign in ...  >>MORE

Tabreed’s H1 net profit increases 3% to Dh 153 million

Posted on 24/07/2015

National Central Cooling Company PJSC (‘Tabreed'), the leading UAE-based district cooling utility infrastructure company, yesterday released its 2015 first half consolidated financial results. Tabreed's strong performance continues to benefit from lower finance costs and further growth across the UAE and GCC, with over 13,700 refrigerated tons (RT) of new connections made in the first half of the year. Waleed Al Mokarrab Al Muhairi, Tabreed's Chairman, said: "Tabreed's consistently strong ...  >>MORE

Empower bags two awards at 106th IDEA Conference in US

Posted on 07/07/2015

Emirates Central Cooling Systems Corporation, EMPOWER, the world's largest district cooling services provider, was presented with the IDEA Gold Space Award for the total square feet of district cooling committed, and IDEA Silver Award for total number of buildings committed to the system, at the awards ceremony of the 106th International District Energy Association, IDEA, Annual Conference and Trade Show, recently held in Boston, USA. The awards recognised Empower's achievements in adopting ...  >>MORE

Tabreed to buy back bonds held by Mubadala

Posted on 09/06/2015

Shareholders of National Central Cooling Company, Tabreed, the Abu Dhabi–based regional district cooling utility company, yesterday approved the proposal presented by the company's Board of Directors at an Ordinary General Assembly, OGA, to buy back 28 percent of the mandatory convertible bonds held by Mubadala. The resolution for the buyback of the equivalent of 854 million bonds at a cost of AED1 billion was unanimously approved at an OGA attended by shareholders representing 55% of ...  >>MORE

Empower’s district cooling transmission pipeline to cross 225km in Dubai by end of 2015

Posted on 02/06/2015

Emirates Central Cooling Systems Corporation, Empower, has unveiled expansion plans that will see its district cooling transmission pipeline crossing the 225 km mark in Dubai by the end of 2015. According to Ahmad bin Shafar, Chief Executive Officer of Empower, the company's current network covers key projects across Dubai, such as Jumeirah Group, Business Bay, Jumeirah Beach Residence, Dubai International Financial Centre, Dubai Healthcare City, Jumeirah Lake Towers, Palm Jumeirah, Discovery ...  >>MORE

Empower inks deal with TECOM Investments to provide 120,000 RT district cooling services

Posted on 12/05/2014

Empower, a district cooling services provider, is set to provide 120,000 Refrigeration Tonnes, RT, district cooling services for TECOM Investments' Dubai Design District (d3) project, it was announced yesterday. The total value of the project is estimated at Dh 750 million, and will be financed through Empower revenues. d3's district cooling network will be implemented in several phases, the first of which is expected to begin in the fourth quarter of this year, with a capacity of 10,000 RT. ...  >>MORE

Al Qudra Holding, Kharafi Group launch Emirates Utilities

Posted on 20/02/2006

Al Qudra Holding PJSC and the international Kharafi Group of Kuwait have declared the launch of "Emirates Utilities Company Holdings (EUCH)". The launch was announced at a press conference here yesterday by Eng. Salah Al Shamsi, Chairman of Al Qudra Holding, and Marzook Al-Kharafi, Vice President of Kharafi Group. EUCH will specialize in Build-Operate-Transfers (BOT's) which will support the government's initiatives for privatization. Due to the high demand for BOT projects, the creation of ...  >>MORE

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