By Bernd Debusmann Jr
The move forms part of a $410m stimulus package for Dubai announced by Sheikh Hamdan bin Rashid that will see DEWA bills slashed for three months
Cooling services provider Emirates Central Cooling Systems Corporation (Empower) has announced a 10 percent discount on district cooling bills for all consumer categories for the next three months as part of a stimulus package that will also see bills from the Dubai Electricity and Water Authority (DEWA) reduced, it announced on Tuesday.
Ahmed bin Shafar, the CEO of empower, said that the move is taken “with the aim of supporting companies and the business sector in Dubai, enhancing financial liquidity and mitigating the effects of the exceptional economic situation that the world is witnessing today.”
The incentives include a 10 percent discount on water, electricity and cooling services across the residential, commercial and industrial sectors.
The moves follows is in line with a $410 million stimulus package launched by His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and chairman of the Executive Council.
The stimulus package included a 10 percent reduction in water and electricity bills for a period of three months.
Deposits paid for water and electricity connections will also be cut by 50 percent.
The stimulus package seeks to reduce the cost of doing business and simplify business procedures, especially in the sectors of tourism, retail, external trade and logistics services.
The stimulus measures that will be introduced with immediate effect will be valid for the next three months. Following this period, the impact of the measures on the economic situation will be reviewed.