Empower to provide district cooling to Dubai Maritime City with $122.5M investment

Emirates Central Cooling Systems Corporation (Empower) signed an agreement to provide district cooling services to 43 buildings at Dubai Maritime City. Empower will invest $122.5 million (AED 450 million) to set up two plants with a cooling capacity of over 63,000 RT, in two phases.

“The new agreement is the first of its kind following the successful listing of Empower on the Dubai Financial Market, and reflects the confidence of the business sector in the role played by the (Empower) in providing environmentally friendly district cooling services.”forbesmiddleeast.com

• 2 sources
• forbesmiddleeast.comEmpower Invests $122.5M In DMC CoolingOla Noureldin, Omar Tamo, Muhammad AddamFeb 22, 2023
• gulfnews.comEmpower wins first major post-IPO contract, to supply district cooling for Dubai Maritime CityGulf News ReportFeb 22, 2023

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