Revenue for Q1 2025 falls marginally to $126.9mn as consumption decreased nearly 7% due to colder weather; EBITDA up 4% to $77.1mn
district cooling service
Latest in district cooling service
district cooling
Tabreed and Dubai Holding form JV to build $410mn district cooling network for Palm Jebel Ali
Anticipated total cooling capacity of appx 250,000 RTs; First phase of cooling services to be delivered by 2027; Tabreed to own 51% stake in the JV
district cooling service
Empower signs pact with Wasl Group to provide cooling services to The Island project
The supply of its high-quality cooling energy to The Island project is expected to commence in Q1 2028
district cooling business
Empower signs agreement with Mitsubishi for 18 advanced chillers
Order could be increased to 100,000 RT capacity; Will serve new projects in Deira Waterfront, Jumeirah Village and Al Sufouh
district cooling
Tabreed first district cooling company to be eligible to trade carbon credits
Abu Dhabi company’s plant completes Verra’s ‘Verified Carbon Standard’ programme that confirms district cooling’s energy efficiency
district cooling
Empower’s 8 tips to reduce your electricity bills this summer
Dubai’s global leader in district cooling launches a Summer Campaign to educate its customers
district cooling
Tabreed shareholders approve new record high dividend payment for FY 2023
The high dividend payout comes after the company registering a 25 percent jump in its net profit and 9 percent rise in its revenue last year
district cooling service
Dubai real estate: How to rent your perfect home at any budget
New to Dubai? Here are some savvy insider tips to help new expats find the perfect home
Abu Dhabi
UAE’s Tabreed wins district cooling bid for Pharma City in Hyderabad
Phase 1 of the project will comprise construction of facilities of 2,500 RT for approximately $9.85 million
cooling service provider
Empower urges Dubai to set ACs to 24°C and auto mode this summer
The district cooling company launches ‘Set and Save 24°C’ campaign to prevent energy wastage and heavy consumption
Abu Dhabi
Tabreed partners with TATA Realty for first district cooling project in India
Its first project will feature a $12 million investment in building an operating District Cooling system at Intellion Park in Gurugram
cooling service provider
Empower to invest $122.5mn to cool Dubai Maritime City buildings
The two companies signed an agreement to supply District Cooling services to the DP World-owned project with a capacity of more than 63,000 RT
100% foreign ownership
UAE cooling major Tabreed to allow 100 percent foreign ownership in the company
The announcement led to the company share price posting a jump of more than 10 percent on DFM on Tuesday to close at AED3.15
DEWA
Dubai’s Empower increases IPO offer size to 15% stake
DEWA and EPI-owned company will become the fourth government entity to be listed on Dubai Financial Market; Subscription opens on October 31
district cooling business
Dubai set to sell 10% stake in Empower through IPO later this month
DEWA and EPI-owned company will become the fourth government entity to be listed on Dubai Financial Market; Subscription opens on October 31
CapitalMed
Tabreed signs $83 million contract to provide district cooling at Egypt’s healthcare city
The move is part of the district cooling provider’s expansion into the Egypt market and will cater to the needs of the Cairo-based healthcare city
100% foreign ownership
District cooling major Tabreed to allow 100 percent foreign ownership in the company
Previously the limit had been set at 49 percent, in line with the then prevailing law regarding foreign ownership applicable to local companies