July 29, 2014 3:27 PM ET

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, United Arab Emirates.

Dubai Healthcare City

Building #A/P 33

2nd Floor

Dubai,  

United Arab Emirates

Founded in 2003

Phone:

9714 375 5555

Fax:

9714 375 5500

Key Executives for Emirates Central Cooling Systems Corporation

Chief Executive Officer
Chief Financial Officer
Chief Operations & Maintenance Officer
Chief Project Management Officer
Director of Administration
Compensation as of Fiscal Year 2014.

Emirates Central Cooling Systems Corporation Key Developments

Empower Reports Earnings Results for 2013

Empower reported earnings results for 2013. For the period, the company reported a AED 248 million net profit, a 31% growth compared to 2012. Annual revenues stood at AED 850 million, a 21% increase in comparison to 2012. The company's recent acquisitions of Palm Utilities and Palm District Cooling have enhanced the financial performance of the company.

Empower Inks $142 Million Deal with Doha Bank

Empower has secured a $142 million (AED 521.6 million) loan facility from Doha Bank. The loan facility is structured on a five-year plan and will enable Empower to fund its expansion plans in Business Bay and also its other planned projects across Dubai.

Empower Launches AED 15 Million Project

Empower has launched a Dh15 million project to upgrade the capacity of its district cooling plant at Business Bay Executive Towers. The upgrade, which is expected to be completed in early 2014, will involve adding one module comprising two chillers to the existing eight modules. Once completed, the plant will have a total capacity of 45,000 RT to provide to its new customers in the mixed-use development of Business Bay. This is a 14% increase.

Similar Private Companies By Industry

Company Name Region
Metito Utilities Limited Middle East/Africa
Tanqia FZC Middle East/Africa
Palm District Cooling LLC Middle East/Africa
Septech Emirates, LLC. Middle East/Africa
Metito Holdings Limited Middle East/Africa

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 19, 2014
Palm Utilities
 

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