Emirates Central Cooling Systems Corporation PJSC

Logotype for Emirates Central Cooling Systems Corporation PJSC
Ticker/ISIN
EMPOWER
AEE01134E227
Market/Country
Dubai Financial Market
United Arab Emirates

About Emirates Central Cooling Systems Corporation PJSC

Empower was established on 23 November 2003 as a corporate entity pursuant to Dubai Law No. (10) of 2003 (“Law No. 10”) and amended by Dubai Law No. (3) of 2010 (“Law No. 3”) and commenced commercial operations on 15 February 2004.

On 14 October 2022, pursuant to Law No. 22 of 2022 (which repealed Decree No. 10 and any other legislation to the extent that it contradicts with its provisions) (“Law No. 22”), the Company was established in its current form, as a public joint stock company to succeed Emirates Central Cooling Systems Corporation. 

Company's Activities are detailed in AOA and Listing Prospectus.

Latest Pressrelease Summaries from Emirates Central Cooling Systems Corporation PJSC

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.
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.
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.
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.
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.
Empower Insulated Pipe Systems (ELIPS), a subsidiary of Emirates Central Cooling Systems Corporation, has secured a contract to supply insulated pipes for the Ali Al-Sabah Military Academy project in Al Zahra, Kuwait. The contract includes pipe sizes from 25 mm to 800 mm, covering a network of 19 kilometers, with deliveries beginning in the fourth quarter of 2025. ELIPS emphasizes precision, quality, and safety, adhering to international standards. This project adds to ELIPS's portfolio in Kuwait, which includes developments like Kuwait University and industrial zones in Sabah Al Ahmad City. ELIPS aims to support the project's sustainability goals and Kuwait's vision for carbon neutrality. The company's expansion strategy focuses on sustainable growth and environmental protection, leveraging innovation and advanced technologies. The project, supervised by Dar Al Khaleej Engineering Consulting and implemented by Hydrotech Engineering, underscores Kuwait's commitment to sustainable solutions, particularly through district cooling systems. ELIPS has produced over 880 kilometers of insulated pipe systems in the past 16 years, with a 40% production increase in the last five years.
Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, has started supplying district cooling services to the first phase of the Al Habtoor Tower project in Dubai. The project is the world's largest residential development, covering 3,517,313 square feet. Empower plans to complete all phases of the district cooling connection by the end of 2027, with a total capacity of 7,200 refrigeration tons (RT), which is about 75% of the peak cooling demand of the Burj Khalifa. This supply follows an agreement made with Al Habtoor Group in April 2024. Empower aims to provide energy-efficient and environmentally friendly cooling services, aligning with Dubai's environmental goals and the UAE's broader objectives for sustainability. CEO Ahmad bin Shafar highlighted the company's commitment to quality, reliability, and sustainability in supporting Dubai's growth and real estate sector.
Empower, the world's largest district cooling services provider, has launched a summer campaign encouraging residential and commercial customers in Dubai to adopt energy-saving practices to reduce district cooling consumption and lower bills. The campaign, under the slogan 'Set and Save at 24°C', promotes setting air conditioner thermostats to 24°C and implementing measures like closing curtains and sealing gaps to minimize heat infiltration. Empower emphasizes routine maintenance of cooling systems to ensure efficiency. CEO Ahmad bin Shafar highlighted the company's commitment to supporting the UAE’s sustainability goals and promoting environmentally responsible practices. The campaign, running for the twelfth consecutive year, aims to raise awareness and encourage responsible energy consumption to support national sustainability efforts and help customers reduce their energy bills.

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Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Board Decisions by Passing

1. Attached Document

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), 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.

1. Attached Document

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) 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.

1. Attached Document

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) 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.

1. Attached Document

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 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.

1. Attached Document

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) 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.

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Financial statements for the 2nd QTR of 2025

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Results of BOD Meeting

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: Earnings Call

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Emirates Central Cooling Systems Corporation PJSC

Disclosure: BOD meeting

1. Attached Document

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