An agreement to supply Meydan City with a cooling capacity of 382 thousand refrigeration tons

Empower signs the largest "acquisition and supply" of cooling services in the world

• Ahmed bin Saeed witnessed the signing of the agreement.

  From the source

• Empower is building 4 stations and a pipeline network, with investments amounting to 1.6 billion dirhams.

  Photography: Ahmed Ardeti

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The Emirates Central Cooling Systems Corporation (Empower), the largest district cooling services provider in the world, has signed an agreement to supply the Meydan City project with a cooling capacity of 382,000 tons, covering 750 buildings, and acquiring the existing cooling plant at a value of 100 million dirhams. A “acquisition and supply” deal was described as the largest of its kind in the world.

The signing of the agreement, which took place in the presence of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, President of Dubai Airports, Chief Executive Officer of Emirates Airlines and Group, and Chairman of the Dubai Supreme Council of Energy, witnessed: Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority and Chairman of the Board of Directors of the Emirates Central Cooling Systems Corporation (Empower).

The agreement was signed by the CEO of Empower, Ahmed bin Shafar, and the CEO of Meydan City Corporation, the master developer of the city, Issam Galadari.

supply and acquisition

The supply and acquisition agreement stipulates that Empower will provide the entire “Meydan City” with environmentally friendly district cooling services, and meet the needs of existing projects and under development, which will number 750 buildings in total, most notably the projects: “Meydan One”, “Meydan Avenue”, and “Meydan Avenue” Royal Pearl, Mohammed bin Rashid Al Maktoum City - District 1, Horizon Square, and Meydan Business Park.

Currently, Meydan Racecourse projects, which include: Meydan Boat House, The Gallery, Meydan Hotel, Meydan Receiving Bar, DHL Building, and others, are being supplied through the station. The list, which has a cooling capacity of 45 thousand tons, is currently used of 25 thousand tons.

In addition, Empower will build four stations and a pipeline network to cover the required cooling capacity through investments totaling more than 1.6 billion dirhams.

Foundation stone

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Council of Energy, said that the district cooling industry represents a cornerstone in the sustainable development of modern cities.

His Highness stressed that competition in the development and provision of services related to that industry to users with international standards is a legitimate and healthy issue that Dubai is keen on, whether in its investment climate, or in its legislative and legal structure, in implementation of the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai. in promoting sustainable development.

His Highness added that the "Meydan City" project is one of the most promising development projects in the emirate, and one of the distinctive residential, commercial and tourist destinations, while Empower plays a prominent role in the environment-friendly and energy-saving district cooling industry.

strategic decision

For his part, Chairman of the Board of Directors of Meydan City Corporation, Muhammad Ibrahim Al Shaibani, said that the agreement is a strategic decision that allows Meydan to focus on its core business, and reinforces its commitment to ensuring the comfort and well-being of residents, tourists and visitors in the city, and also reflects Meydan's confidence in Empower, and its ability to provide city projects with district cooling services of high and international standards.

green economy

In addition, Saeed Mohammed Al Tayer, Managing Director and CEO of Dubai Electricity and Water Authority and Chairman of Empower, said that the agreement comes in line with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, to strengthen The march of the green economy by achieving the objectives of the “Dubai Clean Energy Strategy 2050”, which aims to increase the production capacity of clean energy to 75% of the energy mix by 2050, and the Dubai Demand Management Strategy, which aims to reduce the demand for electricity and water by 30% by 2030, Also, increasing reliance on clean and renewable energy sources, by increasing the area of ​​district cooling in the emirate, and protecting the environment and natural resources.

He continued: "The agreement enables both parties to carry out their tasks to the fullest, and (Empower) acquisition of the district cooling file allows (Meydan) to enhance its efforts to continue developing the city to reach its main goal of completing the rest of the urban, tourism, entertainment and residential icons under construction."

Service Excellence

In the same context, the CEO of Empower, Ahmed bin Shafar, said: "We are proud of the new strategic partnership with a multi-investment institution, such as the Meydan City Corporation."

He explained that the acquisition of district cooling systems for "Meydan City" is the result of Empower's keenness and diligence in insisting on excellence in providing district cooling services and its leadership in employing the latest modern solutions in the fields of artificial intelligence in operation, manufacturing and distribution, to ensure the happiness of customers and the protection of natural resources. and rationalizing energy consumption on the one hand, and actively contributing to achieving the goal of Dubai becoming the city with the lowest carbon footprint in the world, in accordance with the leadership’s directives aimed at achieving the outcomes of the “Dubai Clean Energy Strategy 2050”.

• Building four stations and a new pipeline network at a value of 1.6 billion dirhams.

• Acquisition of the existing cooling plant for 100 million dirhams.

Ahmed bin Saeed:

• «Competing in the development of refrigeration industry services with international standards, a legitimate and healthy issue that Dubai is keen on».

Mohamed Al-Shaibani:

• “A strategic decision that allows (Meydan) to focus on its core business, and enhances its commitment to ensuring the comfort of the residents.”

Saeed Al Tayer:

• «The agreement promotes the march of the green economy and the Dubai Clean Energy Strategy».

Ahmed bin Shafar:

• "We seek to achieve the goal of Dubai becoming the city with the lowest carbon footprint in the world."

Empower..a quantum leap

Empower confirmed that the new supply and acquisition deal represents the sobriety of its future plans for the refrigeration industry, and a qualitative leap in its growth and prosperity process, the expansion of its services, and the increase in its market share to reach 79.5% in Dubai, which strongly consolidates its local, regional and global supremacy as the largest provider of district cooling services. In the world, it is consolidating its leadership in the energy-saving and environmentally friendly district cooling industry.

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