By Staff Reporter
Dubai — Emirates Central Cooling Systems Corporation PJSC (Empower) has confirmed that Dubai Electricity and Water Authority PJSC (DEWA) will increase its ownership stake in the company to 80 percent, following the transfer of shares previously held by Emirates Power Investment LLC (EPI).
The move strengthens DEWA’s controlling interest in Empower, the world’s largest district cooling services provider.
The development follows DEWA’s announcement of an agreement to transfer EPI’s entire shareholding in Empower through Dubai Central Securities Depository LLC. Upon completion of the transaction, EPI will cease to hold any shares in the company.
Empower, which is listed on the Dubai Financial Market (DFM), stated that the change represents a shift in its ownership structure but does not affect its operational strategy or corporate status.
Under the revised structure, DEWA’s shareholding will rise from 56 percent to 80 percent of Empower’s issued share capital, further consolidating its position as the majority shareholder.
Despite the ownership adjustment, Empower emphasized that it will continue to operate as an independent public joint-stock company, maintaining its mandate to deliver efficient, reliable, and sustainable district cooling services across Dubai.
District cooling remains a key pillar of Dubai’s sustainability agenda, helping reduce energy consumption and carbon emissions in large-scale developments. The transaction underscores DEWA’s long-term commitment to the sector and to enhancing the integration of essential utility services that support the emirate’s growth and energy transition objectives.
News Source: Dubai Media Office
