KHALEEJ TIMES, Wednesday, Dec 30, 2020 | Jamadi Al Awwal 15, 1442
Empower awards Dh1.39b worth of contracts in 2020
Emirates:
Emirates Central Cooling Systems Corporation (Empower) has awarded
contracts worth Dh1.39 billion over the year 2020, to cover the construction
of new districts cooling plants and the expansion of its district cooling
networks.
Other contracts were concluded on energy transmission stations, thermal energy
storage (TES) systems, procurement of pre-insulated pipes and meters,
implementation of artificial intelligence, billing system expansion, capacity
enhancement of data storage and other relevant businesses like consultation
services, designing and many others.
Compared to last year, the company has increased the value of the total
contracts awarded by 23 per cent in 2020. Empower, within the framework of its
carefully designed strategic plans, has increased investments in its projects
and infrastructure assets during 2020 in order to meet the growing demand for
environmentally friendly district cooling services that helps reduce carbon
emissions, eliminates climate change and raises awareness of the importance of
maintaining a healthy and safe environment for future generations.
Ahmad bin Shafar, CEO of Empower, said: “In the light of the ambitious plans and
strategies the company has adopted to comply with the overall national
strategies aiming at the transformation to green economy. Empower holds 76% of
the district cooling market in the Dubai city and we witnesses an increasing and
rapid growth in demand for district cooling services according to the increase
in the number and quality of the new buildings and projects. This impulse to
expand the geographical area where the company’s plants and networks exist.”
Bin Shafar explained that the award of these contracts had a great impact on the
construction market and the permanence and recovery of the contracting sector.
As the real estate market continues to carry out several projects that add to
the already high demand for services, the company expects that 2021 will witness
a surge in the number of clients and contracts, the completion of new cooling
plants, and expansion of the pipeline network for providing district cooling
services. In the first half of the coming year, the company will complete the
construction work of company’s new headquarters in the Al Jadaf area in Dubai,
in addition to the conclusion of several contracts. There will also be an
important agreement to purchase new cooling equipment, which will be announced
later.
Bin Shafar stressed that the real estate market is currently regaining its
momentum amid the Covid-19 pandemic, and the demand for Empower services will
grow more and the market will witness great growth and success at an accelerated
pace in the demand for district cooling services after the pandemic time. He
also emphasized Empower’s readiness to meet the future needs of projects across
the Emirate.
Empower has awarded construction contracts of Dh354 million to build two new
district cooling plants in Za’abeel and Business Bay, with a total capacity of
100,000 refrigeration tons (RT) upon completion.
The company has awarded Dh255 million contracts to expand the district cooling
network in Dubai Production City, Business Bay, Barsha Heights, Dubai Land
Residence Complex, Dubai International Financial Center (DIFC), and DIAC
projects. Contracts worth Dh90 million have also been awarded to establish the
energy transformation systems (ETS) for various district cooling projects during
the year; and the value of the measurement and control systems upgrade contracts
awarded by Empower amounted to about Dh185 million.
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