UAE's Empower wins 3,600RT district cooling contract for Dubai Arena

UAE's Empower wins 3,600RT district cooling contract for Dubai Arena
Empower will deliver district cooling services for Dubai Arena.
Published: 7 May 2018 - 12:08 a.m.
By: Neha Bhatia

Emirates Central Cooling Systems Corporation (Empower) has been picked to deliver district cooling services to Dubai Arena. 

As part of the agreement, Empower will provide 3,600 refrigeration tonnes (RT) of cooling to the event and live show venue. 

The company said connection works would be delivered by the end of June, WAM reported. 

Commenting on the agreement, Ahmad bin Shafar, chief executive officer of Empower, said: "The addition of Dubai Arena to our project portfolio is a significant step in realising our goal to be a major player in urban development.

"Our role in this project is to provide sustainable district cooling services for indoor areas where concerts and events are [to be] held throughout the year." 

The Dubai-based district cooling company has won work on notable developments in the last few months. 

This April, Empower signed an agreement to deliver 6,500 RT of district cooling to the Address Hotel at Jumeirah Beach Residence, Marsa Dubai.

Spanning 74 floors, the 170,012m2 building comprises hospitality and residential units, with Empower scheduled to start delivering its services in July 2019.

In the same month, Empower revealed it would upgrade its district cooling plant in the Dubai International Financial Centre (DIFC) neighbourhood. 

Following the expansion, Empower said, the DIFC facility will be among the largest operational district cooling plants in the region.

The company posted a net profit of $210m (AED772m) for 2017, and in February 2018, Shafar expressed his desire to revisit an initial public offering (IPO) for Empower.

"We are the best candidate [to launch an] IPO. Are we going to go for IPO? Yes. When? We don't know," he said. 

 

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