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

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Board Decisions by Passing

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, is sponsoring and participating in the International District Energy Conference for Latin America and the Caribbean (LAC2025) in Santiago, Chile, on September 9-10, 2025. Empower's CEO, H.E. Ahmad Bin Shafar, who holds several prominent roles in the district cooling industry, will participate in the main sessions of the conference. The event, organized by Chile's Ministry of Energy and the Sustainable Energy Agency and supported by various international organizations, will feature discussions and workshops on district energy issues and experiences from different countries. Bin Shafar will discuss Empower's achievements in the Middle East and globally, highlighting Dubai's success in sustainable district cooling and its efforts in reducing emissions and achieving carbon neutrality. Empower's involvement in the conference underscores its commitment to sharing its expertise and supporting sustainable innovations in district cooling worldwide.

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower) celebrated Emirati Women's Day 2025 under the theme 'Hand in Hand, We Celebrate 50 Years.' This event marks the 50th anniversary of the General Women's Union in the UAE, which has been instrumental in empowering women and acknowledging their role in society. Emirati Women's Day is an annual celebration recognizing the achievements and contributions of Emirati women across various fields, reflecting the progress in women's empowerment in the UAE. This progress aligns with the vision of the UAE's leaders and the objectives of the UAE Centennial 2071. Empower's CEO, Ahmad Bin Shafar, highlighted the significant role of Emirati women in the company's operations, with women holding senior management positions and making up more than 62% of the female workforce. He emphasized their importance in advancing sustainable development and contributing to a green economy based on innovation and sustainability.

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower) announced the approval of 23,339 No Objection Certificate (NOC) applications in the first half of 2025, reflecting an 18.7% increase from the same period in 2024. This growth indicates strong client relationships and rising demand for Empower's services. The company emphasizes its commitment to efficient service delivery, operational streamlining, and support for development and construction processes in Dubai. Empower's NOC service, accessible via its website, aims to facilitate easy application submission, reduce violations, and enhance project efficiency. CEO Ahmad Bin Shafar highlighted the alignment of these services with Dubai's vision for advanced urban development and the UAE's sustainability goals, noting the positive impact on energy efficiency and quality of life for Empower's 148,000 customers.

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower) has signed a contract to design a new district cooling plant at Dubai Science Park, with a total production capacity of 47,000 Refrigeration Tons (RT). This plant will serve nearly 80 mixed-use buildings and is part of Empower's strategy to meet the growing demand for energy-efficient cooling services in Dubai. Construction is set to begin by the end of the first quarter of 2026. The plant will incorporate advanced technologies, including thermal energy storage and treated sewage effluent systems, to enhance efficiency and sustainability. Empower, which holds over 80% of Dubai's district cooling market, is committed to modernizing its infrastructure. The project aligns with Dubai's goal to reduce electricity and water consumption and become a leader in the green economy by 2050.

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower) reported a 7.1% increase in district cooling consumption in the first half of 2025 compared to the same period in 2024. This growth is attributed to high occupancy rates in existing real estate projects and the addition of new projects. Empower's customer base has expanded across various sectors, including residential, commercial, hospitality, healthcare, retail, and entertainment, as these sectors increasingly adopt energy-efficient cooling solutions to reduce carbon emissions. The company signed 86 new contracts to supply over 99,000 refrigeration tons (RT) to projects across Dubai, increasing its total contracted capacity to 1.86 million RT and connected capacity to over 1.6 million RT, with 1,684 buildings served. CEO Ahmad bin Shafar highlighted Empower's commitment to high-quality, reliable district cooling services, aligning with Dubai's sustainability goals. The company's operational efficiency and advanced technology have been crucial in meeting the growing demand for environmentally friendly cooling services. An extensive maintenance campaign before the summer season ensured the readiness of Empower's 88 district cooling plants and distribution networks.

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Financial statements for the 2nd QTR of 2025

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Results of BOD Meeting

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Earnings Call

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: BOD meeting

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