Water Utilities
Company Overview of Emirates Central Cooling Systems Corporation
Company Overview
Emirates Central Cooling Systems Corporation provides district cooling services to developments in Dubai and the surrounding region. The company was founded in 2003 and is based in Dubai, the United Arab Emirates.
Dubai Healthcare City
Building #A/P 33
2nd Floor
Dubai,
United Arab Emirates
Founded in 2003
Key Executives for Emirates Central Cooling Systems Corporation
Emirates Central Cooling Systems Corporation Key Developments
Empower reported earnings results for the full year of 2012. Net profit for 2012 reached AED 190 million, a 17% increase in comparison to 2011. The company's total revenues were increased by 5% in 2012 at a value of AED 701 million comparing to 2011. The company has reduced its debt from AED 1.3 billion to AED 470 million. The company will soon inaugurate the first green district cooling plant in the world certified by LEED. This plant is located in Business Bay area. It has been designed at a cost of AED 280 million and will cater to customers on 14 million square feet of land.
Emirates Central Cooling Systems Corporation reported earnings results for the year ended December 2011. For the year, the company recorded a net profit of AED 162 million, showing a 25% increase over 2010. The company’s total revenues was reached AED 670 million, an increase of 40% over the previous year. The company announced that it plans to take AED 500 million in new bank loans to fund its future projects. The company’s outstanding loan liability is AED 570 million and the next debt maturities will be in June and December 2012. The new loan deal is expected to be signed with banks within two months.
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To contact Emirates Central Cooling Systems Corporation, please visit www.empower.ae. Company data is provided by Capital IQ. Please use this form to report any data issues.
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