Latest news with #AhmadbinShafar
Zawya
05-08-2025
- Business
- Zawya
Empower reports $109.80mln net profit in H1 2025
DUBAI - Emirates Central Cooling Systems Corporation (Empower) announced its financial results for the first half of 2025. The company reported a net profit after tax of AED403 million marking a 3.4 percent increase compared to the same period in 2024. Empower reported a total revenue of AED1,453 million, marking a 7.5 percent increase compared to the same period in 2024. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) reached AED719 million, with a growth of 3.6 percent and the pre-tax net profit amounted to AED442 million marking 3.3 percent growth compared to the first half of last year. Ahmad bin Shafar, CEO of Empower, said, 'Empower's exceptional performance in the first half of 2025 reflects the strength of our integrated business model and the ability to efficiently adapt to changing market dynamics and customer needs. Our sustained success is driven by the forward-looking strategy, operational excellence, and the ability to extract long-term value from the continued momentum in the real estate sector."
Gulf Business
29-07-2025
- Business
- Gulf Business
ELIPS wins major insulated pipe contract for Kuwait military academy
Kuwait skyline/Image: Getty Images Empower Insulated Pipe Systems (ELIPS), a wholly owned subsidiary of A leading regional provider of insulated pipe systems and advanced thermal solutions, ELIPS is known for its focus on precision, safety, and quality. The company implements robust monitoring and supervision mechanisms to ensure full compliance with international specifications. The latest contract adds to ELIPS' growing footprint in Kuwait, where it has already delivered key infrastructure for developments such as Kuwait University in Khaldiya, the industrial and storage zones in Sabah Al Ahmad City, and commercial facilities in Jaber Al Ahmad Residential City. 'We are proud to be a part of the Ali Al-Sabah Military Academy project led by the Kuwait Ministry of Defence. Through the supply of highly efficient, world-class insulated pipes, we aim to support the project's sustainability goals in line with the highest international standards. This reflects Kuwait's vision for carbon neutrality and reinforces ELIPS' reputation for delivering quality, efficiency, and reliability,' said H.E. Ahmad bin Shafar, chairman of ELIPS. Read: 'We continue to implement our expansion strategy by strengthening ELIPS' presence in new markets in the region and driving sustainable growth that benefits our stakeholders. Our manufacturing operations are highly sustainable that contributing to the reduction of carbon emissions, reflecting our firm commitment to environmental protection and resource conservation. By leveraging innovation, advanced technologies, and cutting-edge solutions, we aim to help build a sustainable, green future. This project also underscores the strong trust our clients place in ELIPS, which is known for supplying defect-free insulated pipes that operate with high efficiency and meet the rigorous demands of district cooling projects across various applications,' he added. The project is being supervised by Dar Al Khaleej Engineering Consulting and implemented by Hydrotech Engineering. It forms part of Kuwait's broader push towards sustainable infrastructure, where district cooling systems are increasingly being used to reduce carbon emissions, lower electricity consumption, and preserve natural resources. These systems are particularly well-suited to Kuwait's challenging climate conditions. Over the past 16 years, ELIPS has produced and supplied more than 880 kilometres of insulated pipe systems, with a 40 per cent production increase recorded in the last five years alone. The company currently serves over 300 customers and has successfully delivered more than 240 projects across the UAE, the broader Gulf region, and North Africa.
Mid East Info
16-07-2025
- Business
- Mid East Info
Empower Promotes Energy-Saving Practices to Lower District Cooling Bills this Summer - Middle East Business News and Information
As part of its summer campaign Dubai, United Arab Emirates: As part of its ongoing efforts to promote optimised energy consumption, Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, has called on its residential and commercial customers to adopt sustainable practices to reduce district cooling consumption and lower monthly bills during the summer. Launched in June under the slogan 'Set and Save at 24°C', the Summer Campaign aims to increase awareness and promote energy efficiency in line with the Sustainable Development Goals. Empower emphasised that setting the air conditioner thermostat to auto mode at 24°C during the summer has a significant impact on environmental and economic efficiency. The company also highlighted practical steps to reduce indoor heat sources, such as closing curtains, sealing gaps around windows and doors, and shading glass surfaces to minimise external heat infiltration. In addition, Empower underscored the importance of routine home maintenance, including checking the air conditioner's thermostat and regularly cleaning its filters to ensure high performance. H.E. Ahmad bin Shafar, CEO of Empower, stated, 'Empower is committed to supporting the vision of the UAE's leadership in building a sustainable future where the next generations can enjoy a high quality of life. This commitment is reflected in our focus on promoting environmentally responsible practices and preserving natural resources.' 'We recognise the vital role of awareness in encouraging responsible energy consumption. By leveraging innovation, we aim to deliver the highest levels of efficiency and quality in district cooling. Our summer campaign, now in its twelfth consecutive year, encourages customers to adopt simple yet impactful practices that contribute to conserving resources. These efforts not only support national sustainability goals but also help individuals optimise their district cooling consumption and reduce their monthly bills,' he added. Through its summer campaign, Empower encourages its residential and commercial customers to follow tips and guidelines, adopt awareness, and use energy responsibly in their cooling systems. This will help them reduce their energy bills and contribute effectively to the country's sustainability efforts.
Zawya
23-03-2025
- Business
- Zawya
On World Water Day, Empower reaffirms its commitment to water security
Dubai, UAE: Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, has reaffirmed its unwavering commitment to environmental protection by utilizing treated water in district cooling operations, aiming to preserve precious fresh water resources. This statement aligns with the company's participation in World Water Day, observed annually on March 22. His Excellency Ahmad bin Shafar, CEO of Empower, emphasized the vital role of water as the cornerstone of sustainable development, stating: 'Water is essential for economic and social development, energy and food production, and the stability of ecosystems and human survival. Moreover, it is a key factor in climate change adaptation, serving as a crucial link between society and the environment.' Bin Shafar highlighted that in the past year, Empower has expanded its Reverse Osmosis (RO) treatment capacity to 21,359 m³ per day, ensuring greater water recycling efficiency across its district cooling plants. This advancement significantly strengthened the company's water recycling and treatment capabilities, reinforcing its long-term water security strategy. In 2024, 8.3% of the total water used in Empower's district cooling operations came from recycled sources, primarily treated sewage effluent (TSE), reducing strain on freshwater reserves while maintaining cooling efficiency. The use of TSE as an alternative to potable water, combined with advanced filtration and recycling systems, has significantly improved the company's water footprint. Bin Shafar further noted that Empower has achieved substantial savings over the years through its advanced environmental practices, in line with the Dubai Executive Council Resolution No. (27) of 2008 , issued under the directive of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, which mandates the usage of alternative water sources in district cooling operations to safeguard the nation's water reserves. Reaffirming its commitment to sustainability, Empower urged the public to intensify efforts to conserve natural resources and ensure their longevity for future generations. The company emphasized the importance of efficient water use in preserving the environment and combating climate change.
Zawya
05-03-2025
- Business
- Zawya
Towards a sustainable future, empower enhances national competencies in district cooling
Dubai, United Arab Emirates: Emirates Central Cooling Systems Corporation PJSC (Empower), the world's largest district cooling services provider, has reported a significant increase in the number of Emirati nationals employed in various professional and administrative roles within the district cooling industry, as Emiratisation witnessed a remarkable growth in the company by the end of 2024. Empower stated that female employees accounted for 45.37% of its Emirati workforce, while men employees represented 54.63%, reflecting the company's commitment to fostering gender balance in the workplace and attracting the best emerging national talent. H.E. Ahmad bin Shafar, CEO of Empower, said: 'Empower places the recruitment and empowerment of national talent at the top of its priorities. We are committed to advancing the UAE's human capital development by enhancing productivity and efficiency, increasing engagement in strategic and vital economic sectors, and equipping Emirati employees with the tools to embrace future advancements and address current and emerging challenges.' Bin Shafar further explained that Empower's integrated framework and strategic plan are delivering measurable results, contributing to the UAE government's vision of increasing Emiratization rates by encouraging active engagement in vital industries. He added: 'Emiratization and the recruitment of qualified Emirati talent have been fundamental to Empower's hiring strategy since its inception. We believe that investing in the nation's citizens is the best approach to sustaining the UAE's development and growth. This not only supports the country's progress but also solidifies its position as a global leader across various indices.' Bin Shafar also emphasized Empower's commitment to empowering and integrating Emirati women into the workforce, fostering their professional growth within the district cooling sector in alignment with the UAE leadership's vision, which recognizes women as equal partners in the nation's development journey.
