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On 14 October 2022, pursuant to Law No. 22 of 2022 (which repealed Decree No. 10 and any other legislation to the extent that it contradicts with its provisions) (“Law No. 22”), the Company was established in its current form,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

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.
Emirates Central Cooling Systems Corporation (Empower), the largest district cooling services provider globally, has announced its strategic sponsorship of the 27th Water, Energy, Technology, and Environment Exhibition (WETEX 2025) in Dubai. The event, held from September 30 to October 2, 2025, at the Dubai World Trade Centre, serves as a major international platform for showcasing innovations in water, energy, and environmental sustainability. Empower aims to present its advancements in district cooling and its efforts in reducing carbon emissions and enhancing energy efficiency, aligning with the UAE's goal of achieving carbon neutrality by 2050. Empower CEO Ahmad Bin Shafar emphasized the company's commitment to supporting the UAE's transition to a sustainable economy and highlighted its role in contributing to Dubai's vision of becoming the most sustainable city in the world.
Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, is marking World Refrigeration Day on June 26, 2025, by emphasizing the importance of district cooling in improving quality of life and promoting sustainability. Empower is a key partner in global initiatives like "District Energy in Cities" and the "Cool Coalition" by the United Nations Environment Programme, which aim to promote energy-efficient and environmentally friendly cooling solutions. Empower's CEO, Ahmad Bin Shafar, stated that cooling is essential for a sustainable future and highlighted Dubai's leadership in district cooling. Empower, founded in 2003, has become a global leader in district cooling, using advanced technologies and AI to save up to 50% of energy compared to traditional systems. The company promotes environmental awareness in the UAE and aligns with the Dubai Clean Energy Strategy 2050, which aims to make Dubai a global hub for clean energy with a low carbon footprint.
Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, has started excavation and foundation work for a new district cooling plant in the Al Sufouh 2 area of Dubai. This project is part of Empower's expansion strategy to meet the increasing demand for eco-friendly cooling services in Dubai. Construction is set to begin in the fourth quarter of 2025. The plant will be the first of three planned facilities in the area, with a cooling capacity of 23,400 Refrigeration Tons (RT), serving various buildings, including the Innovation Hub. Empower's CEO, Ahmad Bin Shafar, emphasized the company's commitment to expanding its presence in Dubai and providing sustainable cooling solutions in response to urban growth and rising demand. The development aligns with Dubai's sustainable development goals, aiming to enhance the district cooling infrastructure and support the city's growth.
Emirates Central Cooling Systems Corporation (Empower), the world's largest district cooling services provider, has launched its twelfth annual summer campaign, "Set and Save at 24°C." The initiative encourages over 144,000 customers to set their air conditioners to 24°C to reduce electricity consumption, support energy efficiency, and contribute to sustainability efforts. The campaign aims to lower pressure on the power grid, cut carbon emissions, and promote environmental protection. Empower highlights that its district cooling systems use up to 50% less energy than conventional systems, enhancing efficiency and reducing emissions. CEO Ahmad bin Shafar emphasized the importance of responsible energy use and the role of individual actions in building a sustainable future.
Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, won three global awards at the International District Energy Association (IDEA) Conference and Exhibition in Minneapolis, USA. Empower received two gold awards for 'Total Number of Buildings Committed' and 'Total Building Area Committed' for district cooling services outside North America, and an 'Innovation Award Honorable Mention' for optimizing a district cooling plant using machine learning. This marks the eleventh time Empower has won these awards, having previously won in various years since 2005. CEO Ahmad Bin Shafar expressed pride in the recognition, attributing it to continuous innovation and investment in modern technologies like artificial intelligence and machine learning, which enhance energy efficiency and service quality. He praised the team spirit at Empower and extended gratitude to the company's employees for their efforts in achieving these accolades.

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News Update 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.

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News Update From Emirates Central Cooling Systems Corporation PJSC

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News Update From Emirates Central Cooling Systems Corporation PJSC

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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.

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News Update From Emirates Central Cooling Systems Corporation PJSC

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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."

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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.

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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.

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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.

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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.

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