Empower refinances existing AED 2.7 bn loan
The company obtained a three-year unsecured loan to refinance outstanding debt
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The company obtained a three-year unsecured loan to refinance outstanding debt
Empower intends to establish a total of six district cooling plants in Jumeirah to produce a total of 256k RT
The first phase will be operational with a 20k RT capacity by June 2025.
The company’s revenues jumped 11% to AED 814 mn
The agreements aim to reduce cooling costs and demand.
The company's revenues were up 9% y-o-y to AED 537.7
The skyscraper will get 3.9 k RT cooling capacity
Canoo will supply an initial 20 vehicles to the Saudi company
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