Emirates Central Cooling Systems Corporation PJSC, commonly known as Empower, continues to strengthen its foothold in the Middle East through its subsidiary, Empower Insulated Pipe Systems (ELIPS). The recent contract secured by ELIPS to supply insulated pipes for the Ali Al-Sabah Military Academy project in Al Zahra, Kuwait, is a testament to the company's strategic expansion and commitment to sustainability.

The contract involves the supply of insulated pipes ranging from 25 mm to 800 mm in diameter, covering a network length of 19 kilometers. This project, supervised by Dar Al Khaleej Engineering Consulting and implemented by Hydrotech Engineering, aligns with Kuwait's vision for carbon neutrality by integrating sustainable solutions that reduce carbon emissions and lower electricity consumption. District cooling systems, known for their high efficiency, play a crucial role in achieving these goals.

ELIPS has been a prominent player in the insulated pipe systems market, with a portfolio that includes projects at Kuwait University, industrial zones in Sabah Al Ahmad City, and commercial facilities in Jaber Al Ahmad Residential City. The company's emphasis on quality, efficiency, and reliability has earned it a strong reputation and trust among its clients.

According to H.E. Ahmad bin Shafar, Chairman of ELIPS, the company is committed to supporting sustainability goals by delivering world-class insulated pipes that meet international standards. The project in Kuwait not only enhances ELIPS' market presence but also reinforces its commitment to environmental protection and resource conservation.

With over 880 kilometers of insulated pipe systems produced and supplied over the past 16 years, and a notable 40% increase in production in the last five years, ELIPS is well-positioned for continued growth. The company's focus on innovation, advanced technologies, and cutting-edge solutions is expected to drive sustainable growth, benefiting stakeholders and contributing to a green future.

Given the strategic significance of this contract and ELIPS' strong market position, investors might consider holding onto their shares. The company's ongoing expansion and commitment to sustainability make it a promising prospect in the long term.