Empower and Dubai Properties in partnership to supply 'green energy' to Culture Village
Emirates Central Cooling Systems Corporation (EMPOWER) today signed a contract with leading master developers - Dubai Properties - to supply 44,000 tons of district cooling to Culture Village, a world-class destination offering an inspired mix of Arabic and old Dubai architecture within a contemporary, urbane setting.
United Arab Emirates: Saturday, October 27 - 2007
The agreement was signed by Hashim Al Dabal, Executive Chairman of Dubai Properties, and Ahmad Bin Shafar, CEO of EMPOWER.
The deal is in line with the directive from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, which mandates builders and developers in Dubai to comply with green building standards to ensure a healthy and environment-friendly city.
Ahmad Bin Shafar, said:
'EMPOWER is already supplying district cooling services to several major developments in the UAE. The maintenance-free, economic and environmentally friendly cooling benefits of the technology have resulted in the concept gaining a wider acceptance rate in the UAE and the region. End users are equally happy to enjoy reduced ambient noise and better temperature control in their homes.'
The 40 million square feet Culture Village project is the latest of several mega projects that have signed up EMPOWER for its unique centralized district cooling service, which is more cost-effective than the conventional air cooled chiller systems.
Hashim Al Dabal said: 'District cooling is the most eco-friendly technology in meeting the world CO2 reduction targets. Dubai Properties' initiative with EMPOWER will complement our philosophy to model the Culture Village with new-age, sustainable technology. With its services, EMPOWER will add value to the inhabitants of this mega development and offer the community a redefined lifestyle.'
Empower is currently providing 60,000 refrigeration tonnes (RT) to Jumeirah Beach Residence, the impressive 22 million square feet development spanning 1.7km, featuring 36 residential towers, four hotel towers and beach clubs.
The company also handles projects for several prominent clusters in Dubai, including the dynamic new financial district - Dubai International Finance Centre (DIFC), as well as the Dubai Healthcare City, City of Arabia and the Business Bay.
The agreement was signed by Hashim Al Dabal, Executive Chairman of Dubai Properties, and Ahmad Bin Shafar, CEO of EMPOWER.
The deal is in line with the directive from His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE, and Ruler of Dubai, which mandates builders and developers in Dubai to comply with green building standards to ensure a healthy and environment-friendly city.
Ahmad Bin Shafar, said:
'Providing safe, reliable and environmentally-friendly energy guarantees benefits to the developer as well as residents of the community. The clean and sustainable energy helps ease extra demand on local power utilities, while offering better fuel flexibility and reduced air pollution."
'EMPOWER is already supplying district cooling services to several major developments in the UAE. The maintenance-free, economic and environmentally friendly cooling benefits of the technology have resulted in the concept gaining a wider acceptance rate in the UAE and the region. End users are equally happy to enjoy reduced ambient noise and better temperature control in their homes.'
The 40 million square feet Culture Village project is the latest of several mega projects that have signed up EMPOWER for its unique centralized district cooling service, which is more cost-effective than the conventional air cooled chiller systems.
Hashim Al Dabal said: 'District cooling is the most eco-friendly technology in meeting the world CO2 reduction targets. Dubai Properties' initiative with EMPOWER will complement our philosophy to model the Culture Village with new-age, sustainable technology. With its services, EMPOWER will add value to the inhabitants of this mega development and offer the community a redefined lifestyle.'
Empower is currently providing 60,000 refrigeration tonnes (RT) to Jumeirah Beach Residence, the impressive 22 million square feet development spanning 1.7km, featuring 36 residential towers, four hotel towers and beach clubs.
The company also handles projects for several prominent clusters in Dubai, including the dynamic new financial district - Dubai International Finance Centre (DIFC), as well as the Dubai Healthcare City, City of Arabia and the Business Bay.
Related Information:
About EMPOWER
Emirates Central Cooling Systems Corporation (Empower) is a joint venture between Dubai Technology and Media Free Zone (TECOM) Investments and Dubai Electricity and Water Authority (DEWA), created to provide energy-efficient district cooling services to large-scale real estate developments. Empower plans to diversify into other energy efficiency and conservation services. Empower's district cooling systems (DCS) provide effective and efficient means of air conditioning. For more information, please visit: www.empower.ae
Dubai Properties
Dubai Properties is a member of Dubai Holding and operates with the express aim of conceiving unique communities that add value for the customer and contribute towards the growth of Dubai. The portfolio of projects handled by Dubai Properties is diverse and represents the highest quality of real estate in the region. Dubai Properties offers mixed-use master developments catering to diverse lifestyles including Jumeirah Beach Residence, Business Bay, The Villa, Culture Village and Tijara Town. Dubai Properties also offers premium retail opportunities with The Walk at JBR and Bay Avenue at Business Bay.
For more information:
Rami Adwan
PR Associate Account Manager
JiWiN (the Public Relations arm of Dubai Press Club)
Tel: 04-3613586
About EMPOWER
Emirates Central Cooling Systems Corporation (Empower) is a joint venture between Dubai Technology and Media Free Zone (TECOM) Investments and Dubai Electricity and Water Authority (DEWA), created to provide energy-efficient district cooling services to large-scale real estate developments. Empower plans to diversify into other energy efficiency and conservation services. Empower's district cooling systems (DCS) provide effective and efficient means of air conditioning. For more information, please visit: www.empower.ae
Dubai Properties
Dubai Properties is a member of Dubai Holding and operates with the express aim of conceiving unique communities that add value for the customer and contribute towards the growth of Dubai. The portfolio of projects handled by Dubai Properties is diverse and represents the highest quality of real estate in the region. Dubai Properties offers mixed-use master developments catering to diverse lifestyles including Jumeirah Beach Residence, Business Bay, The Villa, Culture Village and Tijara Town. Dubai Properties also offers premium retail opportunities with The Walk at JBR and Bay Avenue at Business Bay.
For more information:
Rami Adwan
PR Associate Account Manager
JiWiN (the Public Relations arm of Dubai Press Club)
Tel: 04-3613586
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This story was posted by Medilyn Manibo, Assistant News Editor
Saturday, October 27 - 2007 at 15:10 UAE local time (GMT+4)
Print Date: Monday, October 29 - 2007 - 07:26:43 GMT+4
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Property in Dubai could depreciate in value by up to 60% during the course of 2009, according to UAE bank, Shuaa Capital.
The bank has cited negative population growth, project cancellations, and a lack of mortgage availability as the main reasons for its negative projection, with prices not expected to stabilise until at least Q4 2009.
Dubai Properties
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