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: Earnings Call

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Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: BOD meeting

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Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Emirates Central Cooling Systems Corporation PJSC (Empower) has announced the construction of its second district cooling plant in Jumeirah Village, Dubai, which will have a capacity of 37,000 refrigeration tons. This project is part of Empower's plan to build six advanced district cooling plants in the area, with a total capacity of 256,000 RT. The new plant will utilize advanced cooling technologies and integrate Thermal Energy Storage and Treated Sewage Effluent technologies to enhance efficiency. Empower's CEO, Ahmad Bin Shafar, highlighted the company's commitment to expanding its operations and supporting Dubai's sustainability goals.

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Empower, the world's largest district cooling services provider, is enhancing its collaboration with Yokogawa Electric Corporation to improve efficiency and sustainability in district cooling systems. A meeting at Empower's headquarters in Dubai discussed future partnerships in advanced cooling solutions. Empower's CEO, Ahmad Bin Shafar, highlighted the company's achievements, including 86 new contracts in the first half of the year, expanding its capacity to 1.86 million refrigeration tons (RT) and serving 1,684 buildings. The collaboration with Yokogawa has already resulted in Yokogawa upgrading Empower's Building Management Systems and conducting a successful energy-saving pilot study. The partnership aligns with Empower's vision to support the UAE's Net Zero 2050 Strategy through smart technologies and advanced infrastructure. Yokogawa, a leader in industrial automation and digital transformation, has been active in the Middle East and Africa for over 35 years.

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

The General Assembly Meeting of Emirates Central Cooling Systems Corporation PJSC (Empower) approved a cash dividend of AED 437.5 million for the first half of 2025 and elected a new Board of Directors for the 2025–2028 term. The meeting, chaired by Saeed Mohammed Al Tayer and attended by CEO Ahmad Bin Shafar, reported strong financial results with revenues of AED 1,453 million and a net profit of AED 403 million for the first half of 2025. The dividend represents 43.75% of the company's paid-up capital and will be distributed according to the company's policy. The meeting highlighted Empower's growth and its role in enhancing Dubai's position as a global hub for district cooling, supported by leadership efforts to establish a sustainable and diversified economy.

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Resolutions of General Assembly

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Nominees for Board of Directors membership

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Press release

Ahmad bin Shafar, CEO of Emirates Central Cooling Systems Corporation (Empower), delivered the opening keynote at the ASHRAE Conference and Exhibition, HVACR Nexus 2025, in Dubai. He emphasized the importance of district cooling systems in enhancing energy efficiency and sustainability. Empower, the largest provider of district cooling services globally, participated in the event to strengthen alliances and support sustainable development initiatives. The company highlighted its achievements, including a connected capacity exceeding 1.6 million refrigeration tons and servicing 1,684 buildings. Empower collaborates with ASHRAE on publishing global guidelines and developing next-generation district cooling systems to improve energy efficiency. The participation aligns with Empower's strategy to support innovation and sustainability, contributing to Dubai's goals for carbon neutrality 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 (Empower), the largest provider of district cooling services globally, will participate as a strategic sponsor in the 27th Water, Energy, Technology, and Environment Exhibition (WETEX 2025) in Dubai. Organized by the Dubai Electricity and Water Authority, the event will occur from September 30 to October 2, 2025. Empower aims to showcase its advancements in district cooling technology and its role in reducing carbon emissions. The company will highlight its major projects, including the Business Bay district cooling project, which holds two Guinness World Records. Empower's participation underscores its commitment to advancing the district cooling sector and supporting Dubai's and the UAE's sustainability goals.

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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) concluded its summer campaign 'Set and Save at 24°C', which ran from June to September 2025, achieving the highest community engagement in over a decade. The campaign encouraged approximately 148,000 customers to set their air conditioner thermostats to 24°C to reduce district cooling consumption. This initiative helped raise awareness about optimized energy use and supported customers in lowering their energy bills, fulfilling Empower's social responsibility to promote responsible energy consumption. Empower's CEO, H.E. Ahmad bin Shafar, highlighted the campaign's success in increasing awareness and contributing to environmental goals by optimizing energy resources and reducing carbon emissions. The campaign is part of Empower's ongoing commitment to sustainability and energy efficiency, supporting the UAE's vision of a low-carbon economy. Empower also maintained efficient district cooling services throughout the summer without disruptions, despite high temperatures.

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