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Bin Shafar ... expanding portfolio.

Empower signs deals worth $8.4m in July

DUBAI, August 26, 2015

Dubai-based Empower, the largest district cooling services provider in the world, won eight servicing contracts valued at Dh31 million ($8.4 million) in July, while also adding 35 buildings to its existing service portfolio.

Bin Shafar, CEO of Empower said: “Most of the real estate projects in Dubai realise the importance of district cooling in protecting the environment and ensuring cost efficiency. This technology is renowned now for being environmentally friendly and its conservation in the consumption of electricity. The awareness being generated by Empower for such a long time has increased the number of buildings we are serving where in July alone we have won remarkable contracts even though it is considered a quiet period for business.”

District cooling systems can help save up to 50 per cent of total power consumption compared to traditional systems while at the same time it supports the rising power demand in Dubai. With the Emirate continuing to grow at a rapid rate, the need to provide reliable and sustainable services, including district cooling to new customers and developments is becoming increasingly important.

“The total number of buildings connected to Empower’s district cooling systems has increased remarkably leveraging on the importance of district cooling systems that have many benefits, one of which is its efficiency in power consumption, which is absolutely crucial in this region,” Bin Shafar added. – TradeArabia News Service




Tags: District cooling | Dubai | Empower | contracts |

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