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On 14 October 2022, pursuant to Law No. 22 of 2022 (which repealed Decree No. 10 and any other legislation to the extent that it contradicts with its provisions) (“Law No. 22”), the Company was established in its current form,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 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."
Emirates Central Cooling Systems Corporation PJSC (Empower), the largest district cooling services provider globally, emphasized its commitment to employee health and safety in line with the World Day for Safety and Health at Work. In 2024, Empower recorded zero workplace injuries, showcasing the success of its health, safety, and environment (HSE) strategy. The company completed 1,799 HSE inspections and provided 1,544 safety training sessions to 7,906 participants, resulting in 6,017,626 safe working hours. Empower's CEO, Ahmad bin Shafar, reiterated the company's dedication to high health and safety standards, highlighting the importance of a strong safety culture in enhancing the work environment and operational efficiency.
Empower, the world's largest district cooling services provider, has launched a smartphone app for its customers to manage their accounts more easily. Available on both Android and Apple devices, the app can be downloaded from the Apple Store and Google Play Store. It is designed to enhance customer convenience and service experience by offering a range of features such as easy registration, account access, bill payment, and real-time service tracking. The app aims to provide a user-friendly experience for individual and corporate customers, enabling them to manage their services seamlessly. CEO Ahmad bin Shafar emphasized the importance of using technology to meet customer expectations for remote access to services.
Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, has reiterated its commitment to environmental protection by using treated water in its district cooling operations to conserve fresh water resources. This announcement coincides with World Water Day on March 22. Empower's CEO, Ahmad bin Shafar, stressed the importance of water for sustainable development and climate change adaptation. Empower has increased its Reverse Osmosis treatment capacity to improve water recycling efficiency, with 8.3% of water used in 2024 coming from recycled sources, primarily treated sewage effluent. This initiative aligns with Dubai's mandate to use alternative water sources in district cooling to protect water reserves. Empower calls for public efforts to conserve natural resources for future generations.
The Emirates Central Cooling Systems Corporation PJSC (Empower) held its Annual General Meeting (AGM) in Dubai, with a quorum of 89.9% of the company's paid-up share capital. The AGM approved a cash dividend distribution of AED 437.5 million for the second half of 2024, equivalent to 43.75% of the company's paid-up capital. The meeting, chaired by Saeed Mohammed Al Tayer, reviewed the company's performance, financial statements, and auditor's report for the year ending December 31, 2024. Empower, listed on the Dubai Financial Market since 2022, reported a record revenue of AED 3.26 billion and a net profit of AED 908 million for 2024. The company has committed to an annual payout of AED 850 million during the first two fiscal years post-listing, which was successfully distributed in two installments in 2024. Following this two-year commitment, Empower's shareholders approved annual dividend payments of AED 875 million for 2025 and 2026, to be disbursed in April and October each year.