Empower announces contracts worth $8.4mn in July
The district cooling service provider added 35 buildings to its existing portfolio over the same period.
District cooling service provider Empower was awarded eight servicing contracts valued at $8.4mn (AED 31mn) in July.
Furthermore, the firm also reported adding 35 buildings to its existing portfolio.
Commenting on the developments, HE Ahmad Bin Shafar, CEO of Empower shared: “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,” explained Bin Shafar.
Empower’s CEO went on to elaborate on the importance of district cooling systems, which can help save up to 50% of total power consumption compared to traditional systems.
Bin Shafar added: "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.”
The district cooling service provider currently manages more than 1mn Refrigeration Tons (RT), and services several large-scale projects from a number of high-profile real estate developers. These include the Jumeirah Group, Dubai International Financial Centre, Dubai World Trade Centre and Dubai Design District.