Press Release
Summary
Empower Reveals AED 901 Million Net Profit in 2020 with a 3.4% Growth
Ahmad Bin Shafar: Our future vision and strategic plans are clear, to meet the growing demand in 2021
- Total cooling capacity crossed 1,640,000 RT maintaining the position of the largest in the world
- Over 140,000 Customers
- Total energy saving AED 3.4 Billion in 2020
- A total of 350.474 Kms of district cooling networks
Emirates Central Cooling Systems Corporation (Empower), the world’s largest district cooling services provider, reported a net profit of AED 901 million with a total revenue of AED 2.26 billion in 2020. Empower’s revenues grew by 3.0% with a net profit increase of 3.4% year-over-year (YoY), a commendable performance given the difficult economic conditions resulting from the global pandemic.
Commenting on Empower's financial results at the annual press conference, Ahmad Bin Shafar, CEO of Empower, said: “2020 has been another successful year for Empower, with growth in its financial as well as operational performance, which is clearly evident from increase in revenues and net profit, additions in the number of district cooling plants, expansion of district cooling pipeline network, increase in customer base and the number of buildings connected with our district cooling services.”
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Ahmad Bin Shafar, CEO of Empower at Annual Press Conference
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