Emirates Central Cooling Systems Corporation (Empower) has signed an agreement with Dubai Aviation City Corporation (DACC) to acquire the district cooling systems of Dubai International Airport for AED1.1 billion ($299 million).
Under this deal, Empower will own and manage all the existing district cooling infrastructure of Dubai International Airport, with all its facilities and complexes, with a capacity of up to 110,000 RT that include five units.
“The deal is part of the AED 25 billion [$6.8 billion] public-private partnership [PPP] project portfolio announced by the Dubai Department of Finance at the Dubai International PPP Conference held recently,” said Sheikh Ahmed bin Saeed Al Maktoum, president of Dubai Civil Aviation Authority and chairman of Dubai Airports. “It 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 value
