Search Site

SIB’s 2024 profit $272m

The profit surpassed AED 1 billion for the first time in bank's history.

AD Ports to invest in Kazakh port

Under the deal, AD Ports Group owns 51% stake.

PIF acquires stake in Saudi Re

The acquisition was made by way of a capital increase.

ADNOC Gas awards contracts

The $2.1bn contracts are aimed at enhancing LNG supply infrastructure.

ADNOC L&S buys stake in Navig8

The company will acquire the remaining stake in mid-2027.

Mitsubishi to supply Empower 100,000 refrigeration ton capacity chillers

Empower aims to reduce energy and water consumption by 30 percent by 2030
  • A deal between the two allows Empower to increase capacity to 200,000 refrigeration tons.
  • Empower will start using the new units in its plants under construction located in Zabeel, Business Bay, Madinat Jumeirah.

DUBAI: Emirates Central Cooling Systems Corporation (Empower) will be using Mitshubishi’s air-conditioning and heating systems for its environmentally friendly district cooling operations.

Under a deal signed between the two, Mitsubishi Heavy Industries Thermal Systems will supply Empower with advanced water-cooled centrifugal chillers with a total cooling capacity of 100,000 refrigeration tons (RT), said a press release by Empower on Sunday.

The deal also allows Empower to double the number of centrifugal chillers to a total cooling capacity of 200,000 refrigeration tons (RT) over the next two years, which is equivalent to 11 percent of the total cooling capacity.

Empower will start using the new units in its plants under construction located in Zabeel, Business Bay, Madinat Jumeirah and Dubailand City in Dubai, to serve residential, commercial, health, educational and mixed-use projects.

Ahmad bin Shafar, CEO of Empower, said the company aims to reduce energy and water consumption by 30 percent by 2030.