Emirates Central Cooling Systems Corporation PJSC

About Emirates Central Cooling Systems Corporation PJSC
On 14 October 2022, pursuant to Law No. 22 of 2022 (which repealed Decree No. 10 and any other legislation to the extent that it contradicts with its provisions) (“Law No. 22”), the Company was established in its current form,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
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Emirates Central Cooling Systems Corporation (Empower), the largest provider of district cooling services globally, held its annual staff gathering in Dubai, United Arab Emirates, on May 19, 2025. The event, attended by Empower's CEO H.E. Ahmad Bin Shafar, senior management, and employees from various departments, was aimed at fostering strong employee relations and a positive work environment. During the gathering, Empower recognized employees who have served for 5, 10, 15, and 20 years, acknowledging their significant contributions to the company's success. CEO Bin Shafar praised the employees as essential to Empower's achievements, emphasizing the importance of human capital and the company's commitment to empowering its teams and encouraging innovation. He highlighted Empower's dedication to creating an ideal work environment based on transparency, empowerment, and recognition, which positively impacts performance and team spirit.
Emirates Central Cooling Systems Corporation PJSC (Empower), a leading district cooling services provider, has initiated a comprehensive maintenance and readiness plan to prepare for the summer season in Dubai. This initiative aims to enhance the efficiency of its cooling plants and distribution networks to meet the increased demand due to rising temperatures, ensuring a stable indoor environment for residents and clients across various sectors. CEO Ahmad bin Shafar highlighted the significant rise in energy consumption during summer, with air conditioning accounting for 70% of energy use in buildings. Empower's district cooling systems use up to 50% less electricity than conventional methods, aligning with Dubai's sustainability goals to reduce electricity and water consumption by 30% by 2030. The preparations include maintenance, upgrades, and testing of smart monitoring systems to track performance and consumption in real time. Empower emphasizes innovation, sustainability, and support for Dubai's climate strategies, with teams working continuously to ensure system readiness and provide energy-efficient cooling solutions, thus reducing the carbon footprint and enhancing customer satisfaction.
Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, announced its financial results for the first quarter of 2025. The company reported a revenue of AED 540 million, a 0.4% increase from the same period in 2024, and an EBITDA of AED 297 million. The pre-tax net profit was AED 159 million, with a net profit after tax of AED 145 million for the quarter ending March 31, 2025. CEO Ahmad Bin Shafar highlighted the company's strategic expansion and its commitment to increasing its asset base to meet rising demand and strengthen market share. Empower's financial results underscore its global leadership in the district cooling market, driven by high operational readiness and a robust asset base. The company aims to deliver enhanced value and sustainable growth for shareholders by capitalizing on real estate momentum and broader economic growth. Empower reported consolidated revenues of AED 3.26 billion for the twelve months from April 2024 to March 2025.
Emirates Central Cooling Systems Corporation (Empower), the largest district cooling services provider globally, has reinforced its commitment to enhancing the traveler experience at Dubai International Airport by offering advanced, eco-friendly district cooling solutions. These systems help reduce carbon emissions and improve operational efficiency, aligning with Dubai’s sustainability goals. During the 24th Airport Show 2025 at the Dubai World Trade Centre, Empower highlighted its role as the primary district cooling services provider for the airport, following its acquisition of the airport’s district cooling assets in 2023 for AED 1.1 billion. Empower provides cooling services with a capacity of up to 110,000 refrigeration tons. CEO Ahmad bin Shafar emphasized the company's commitment to supporting Dubai’s infrastructure, particularly in the aviation sector, by offering environmentally friendly cooling solutions that enhance energy efficiency and reduce the airport’s carbon footprint. Empower also uses advanced remote monitoring and operation technologies and plans to expand to meet growing cooling demands.
Empower's DLRC District Cooling Plant in Dubai has been awarded the Gold LEED Certification by the U.S. Green Building Council, recognizing its adherence to high sustainability standards. Empower, a leading provider of district cooling services, has previously received similar certifications for other plants. The DLRC plant, with a capacity of 47,000 refrigeration tons, serves the Dubai Land Residence Complex. The project includes four plants, with three planned for the future, aiming to serve over 250 mixed-use buildings with a total capacity of 120,000 refrigeration tons. Empower's CEO, Ahmad Bin Shafar, emphasized the company's commitment to promoting green buildings and sustainable energy delivery. The DLRC plant uses advanced technologies like Thermal Energy Storage systems and Treated Sewage Effluent water to conserve resources and reduce environmental impact.
Empower, the world's largest district cooling services provider, supplies energy-efficient cooling to 22% of Dubai's hotels and hotel apartments. At the Arabian Travel Market 2025, industry leaders praised Empower's role in promoting sustainability and reducing carbon footprints in the hospitality sector. Empower's CEO, Ahmad Bin Shafar, highlighted the company's commitment to supporting sustainable practices in line with national tourism and sustainability strategies, including the UAE Tourism Strategy 2031. Empower's services are utilized by prominent hotels in key areas of Dubai. Bin Shafar emphasized the growing recognition of sustainability's importance for long-term business growth and the associated benefits. The Arabian Travel Market 2025 also reflects this focus on sustainability with its theme, "Empowering Global Travel: Shaping the Future of Tourism through Connectivity."