Dubai-based Emirates Central Cooling Systems Corporation (Empower), touted as the world’s largest district cooling services provider, plans to open more district cooling plants across the emirate in 2021 to further expand its network.
The news comes as the company unveiled its financial reports for 2020, which recorded a net profit of $245.3m (AED901m) and revenue of $615.3m (AED2.3bn). Empower’s revenues surged by 3%, while net profit increased by 3.4% YoY.
“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,” said Ahmad Bin Shafar, CEO of Empower.
He added: “We will continue our endeavours in 2021 to increase the number of district cooling plants and expand our district cooling network across Dubai.”
Currently, the total number of buildings that Empower provides its district cooling services to exceeded 1,252 and the customer base reached more than 140,000.
According to the district cooling giant, its total cooling capacity reached 1,640,000 Refrigeration Tonnes (RT) during 2020, covering several projects, including Deira Waterfront, Blue Waters, Jumeirah Group, Jumeirah Beach Residence, Dubai International Financial Centre, Business Bay, Dubai Healthcare City, Jumeirah Lake Towers, Palm Jumeirah, Discovery Gardens, Ibn Battuta Mall, Dubai Design District, and International Media Production Zone, amongst others.