This will meet the needs of the 750 existing and upcoming buildings in the City and acquire the already established cooling plant for a value of $27.2 (100 AED).
H.E. Mohammed Ibrahim Al Shaibani, Chairman of Meydan City Corporation, and H.E. Saeed Mohammed Al Tayer, Managing Director, and CEO of Dubai Electricity and Water Authority (DEWA) and Chairman of the Board of Directors of Empower were also present at the signing of the agreement.
The agreement was signed by Ahmad Bin Shafar, CEO of Empower, and Issam Galadari, CEO of Meydan City Corporation, the master developer of Meydan, which is one of the largest mixed-use development projects in Dubai.
Empower will provide the entire Meydan master community with its environmentally friendly district cooling services to meet the needs of the existing and upcoming projects
According to Empower, the new acquisition deal reflects the company’s firm plans for the future of the district cooling sector, represents a qualitative surge in the growth of the company and its projects portfolio.