21/10/2025 04:50 AST

Emirates Central Cooling Systems Corporation (Empower), a district cooling services provider, and Yokogawa Electric discussed ways to strengthen cooperation between the two entities and explored prospects for future partnership in advanced district cooling solutions and technologies.

Ahmad Bin Shafar, CEO of Empower, welcomed a high-level delegation from Yokogawa Electric at Empower's headquarters in Dubai.

Bin Shafar highlighted Empower's key achievements and its pioneering role in advancing the district cooling sector both locally and internationally.

He emphasised that, in the first half of the year, the company signed 86 new contracts to supply more than 99,000 refrigeration tons (RT) to various projects and buildings across Dubai, raising its total contracted capacity to 1.86 million RT.

Empower's connected capacity also grew to over 1.6 million RT, while the number of buildings served reached 1,684.

This visit marks a significant milestone in the collaboration between Empower and Yokogawa, which has yielded impressive results in a short span.

Yokogawa was recently awarded a new contract to upgrade the legacy Building Management Systems (BMS) at Empower's plants with advanced technologies.

Furthermore, a joint optimisation pilot study at one of Empower's plants demonstrated substantial energy savings through Yokogawa's system implementation.

In addition, the companies completed a pilot project to test wireless vibration monitoring systems at the Palm Jumeirah plants, enhancing asset reliability for rotating equipment.

"This visit underscores the strong partnership between Empower and Yokogawa and reflects our shared commitment to leveraging cutting-edge automation and digital transformation solutions to enhance the efficiency and sustainability of the district cooling sector. At Empower, we operate with an ambitious vision aligned with the UAE's Net Zero 2050 Strategy, continuously investing in smart technologies and advanced infrastructure that help optimise energy use, reduce carbon emissions, and enhance operational performance. Our collaboration with Yokogawa is a key part of our ongoing efforts to expand the adoption of innovative systems across our plants and deliver measurable results in energy efficiency and asset reliability. We look forward to building on this successful partnership to explore new solutions that support Dubai's transition to a sustainable, low-carbon economy and strengthen Empower's position as the world's largest district cooling services provider and a global leader in innovation and sustainability," Bin Shafar said.


Trade Arabia

Empower distributes Dh2.575 billion in dividends since DFM listing

10/03/2026

Emirates Central Cooling Systems Corporation PJSC (Empower) has reaffirmed its commitment to distributing dividends to shareholders regularly, twice a year, since its listing on the Dubai Financial M

Khaleej Times

Empower awards design contract for Business Bay district cooling plant

26/02/2026

Emirates Central Cooling Systems Corporation (Empower) has announced that it has awarded the design contract for the fifth district cooling plant in Business Bay, Dubai. Once operational, the plant w

Trade Arabia

Empower posts record Dh1 billion profit as capacity, customer base surge in 2025

11/02/2026

Emirates Central Cooling Systems Corporation (Empower) reported its strongest financial performance to date, posting a 10.5 per cent rise in net profit to Dh1.004 billion for 2025, driven by higher r

Khaleej Times

Ticker Price Volume
EMPOWER Sector Market
P/E
Price/BookValue
Dividend Yield (%)
Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg
Ticker Price Change
TAQA 2.33 -0.10 (-4.12%)
DEWA 2.73 -0.14 (-4.88%)
ACWAPOWER 167.60 0.10 (0.05%)
SAUDIENERGY 14.68 0.20 (1.38%)
MARAFIQ 29.50 -0.42 (-1.41%)
Air Arabia shareholders approve 30% dividend distribution

13/03/2026

Air Arabia shareholders have approved the distribution of 30 per cent cash dividend for the financial year ending December 31, 2025 at the company's Annual General Meeting (AGM). The dividend is equi

Khaleej Times

Alba AGM approves $202.6m dividend

13/03/2026

The Annual General Meeting (AGM) of Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, on Thursday approved the distribution of cash dividends to shareholders at Fils 54.06

Trade Arabia

Dana Gas board recommends cash dividend of $105m for 2025

13/03/2026

Dana Gas, one of the Middle East's largest regional private sector natural gas companies, has recommended a dividend payment of 5.5 fils ($1.5) per share for the full year 2025.

The propose

Trade Arabia

Talabat proposes share buyback programme on Dubai bourse

13/03/2026

Talabat Holding plc, a leading on-demand online ordering and delivery platform, on Thursday announced a share buyback programme of up to five per cent of the company's issued share capital, to be exe

Khaleej Times

Omantel Group's net profit surges 88% to RO371mn in 2025

12/03/2026

Oman Telecommunications Company (Omantel), the leading telecom services provider in Oman, has announced its financial and operating results for the year ended December 31, 2025, reporting solid growt

Muscat Daily