Emirates Corporation for Central Cooling Systems Empower signed in 2020 a batch of contracts worth 1.39 billion dirhams.
According to the Emirates News Agency, those contracts included building new district cooling plants, expanding its pipeline network, contracts to construct heat energy exchange rooms, construct thermal energy storage / TES systems, and purchase pipes. Purchasing meters and artificial intelligence systems, expanding the billing system, increasing the capacity for storing data, and other related works, including consulting services, design, and others.
The company stated that, within the framework of its carefully considered strategic plans, it increased its investments in the infrastructure of its projects and its assets during 2020 compared to the contracts it awarded last year by 23% to meet the demand The increasing number of environmentally friendly district cooling services that help reduce carbon emissions and combat climate change, in addition to increasing awareness of the importance of maintaining a healthy and safe environment for future generations.
Ahmed bin Shafar, CEO of the Emirates Central Cooling System Empower, said: The corporation is witnessing an increasing and rapid growth in demand for district cooling services in light of the ambitious plans and strategies it adopted to comply With national strategies aimed at transitioning to a green economy.
and affirmed that Empower owns 76% of the district cooling market in Dubai, amid an increase in the number and quality of new buildings and projects seeking to obtain district cooling services, which makes it evident. Expanding the geographical area in which the Corporation’s stations and networks are located.
Ibn Shafar explained that awarding these contracts had a great impact on the building and construction market and on the sustainability and recovery of the contracting sector. A dark shadow over the global economy.
The company expects that 2021 will witness an increase in the number of dealers and concluded contracts in addition to the completion of the construction of several new cooling plants and the expansion of the pipeline network for transporting district cooling services; In conjunction with the real estate market continuing the completion of many projects that contribute to the high demand for services .. The company will also finish, during the first half of the new year, the construction work for the headquarters of the new headquarters of the company in the Jadaf area in Dubai, in addition to the conclusion of several contracts, the most important of which are agreements to purchase equipment New cooling will be announced later.
Ibn Shafar emphasized that the real estate market is currently regaining its momentum even with the Corona pandemic and after the pandemic the demand for Empower services will grow more and the market will witness great growth and success at an accelerated pace in demand for services District cooling ... He also confirmed Empower's readiness to meet the needs ...
