Will provide 120,000 RT District Cooling services to d3 project
Empower is set to provide 120,000 Refrigeration Tonnes (RT) District Cooling services for TECOM Investments’ Dubai Design District (d3) project. Announcing this in an official communiqué, Empower revealed that the total value of the project is estimated at AED 750 million, and will be financed through Empower’s revenues.
Empower gave further details of the project: d3’s District Cooling network will be implemented in several phases. The first phase is expected to begin in the fourth quarter of this year, with a capacity of 10,000 RT. The project will boost Empower’s portfolio by 12%. Located close to Downtown Dubai and Business Bay, d3 is expected to be the creative hub in the Emirate’s flourishing design scene, with spaces for art, fashion and luxury outlets.
Highlighting that this was one of the largest and most important projects ever undertaken by Empower, and that the deal reflected the strategic relationship it had with Tecom Investments, Ahmad Bin Shafar, CEO, Empower, said: “Two plants, which will be following the latest standards in the District Cooling industry, will be built to supply the requested load. The plants will include Thermal Storage and will use TSE to be aligned with the company’s strategy of sustainability and saving natural resources.”
Dr Amina Al Rustamani, Group CEO of Tecom Investments, added: “As the world’s largest District Cooling services provider, Empower is a key factor in the development of this project, as it has a proven record of providing cost-efficient and environmentally sustainable District Cooling services.”