Dubai - Mubasher: Emirates Central Cooling Systems Corporation (Empower) has announced plans to invest AED 450 million in Dubai Maritime City (DMC), which is part of DP World, according to a press release.
Empower and DMC inked an agreement to provide district cooling services to the DMC project with a cooling capacity exceeding 63,000 refrigeration tonnes (RT).
The DFM-listed company will secure district cooling services for more than 43 buildings in DMC. The operation process will be implemented in two phases through two plants located within the city.
In the first phase, Empower will supply cooling energy to 27 buildings with a capacity above 28,000 RT. Meanwhile, the second phase includes providing 16 buildings with 35,000 RT cooling energy.
Ahmad bin Shafar, CEO of Empower, noted: “We are pleased to partner with DMC in the development of their project, and provide it with environmentally friendly and energy-efficient district cooling solutions that save electricity up to 50% compared to conventional air conditioning systems.”
Sultan Ahmed bin Sulayem, Chairman and CEO of DP World, said: “Our relationship with the company helps us translate our commitment to green building standards in Dubai, and support the environmental direction and sustainable development goals in line with the vision of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister, and Ruler of Dubai.”
Bin Sulayem added: "This agreement is in line with DP World’s sustainability strategy represented in the company’s programme 'Our world, Our future', to join our list of efforts to implement our projects and conduct our operations in a responsible manner.”
In 2022, Empower witnessed a 7% year-on-year (YoY) rise in net profit attributable to the shareholders to AED 1 billion, compared to AED 935.86 million.
