UAE - Mubasher: The Emirates Central Cooling Systems Corporation (Empower) has entered into an AED 1.1 billion agreement to acquire the district cooling systems of Dubai International Airport, the Dubai media office reported.
Empower has acquired the district cooling systems through a combination of internal accruals and debt financing from local and international banks.
The district cooling infrastructure has a total cooling capacity of 110,000 refrigeration tonnes (RT) that includes five units.
The President of Dubai Civil Aviation Authority, Chairman of Dubai Airports, Chairman and Chief Executive of Emirates Airline and Group and the Chairman of the Dubai Supreme Council of Energy, Sheikh Ahmed bin Saeed Al Maktoum, said: "The deal supports the DACC's continuous endeavors to achieve its ambitious strategy emanating from both the UAE Vision 2021 for sustainable growth, and the Dubai’s unique vision to promote the values and standards of sustainability and environmental protection."
Meanwhile, the Managing Director and CEO of Dubai Electricity and Water Authority and Chairman of Empower, Saeed Mohammed Al Tayer, commented: "It is also an active part in the Dubai Demand Side Management Strategy 2030, of which district cooling is one of its prominent pillars."
