Wilo Middle East acquires PumpsPro
DUBAI, UAE, 17 February 2021: Wilo Middle East (WME), manufacturer of pumps and systems, acquired PumpsPro, a pump solution service provider under Direct Trade House International LLC (DTHI). Making the announcement through a Press release, it said the acquisition entails the creation of a new business unit, which will maintain the name, PumpsPro but will be managed and operated as a Wilo company.
According to WME, the signing of the agreement took place at its office in Jebel Ali Free Zone (JAFZA) in the presence of Jens Dallendoerfer, Senior Vice President – Sales Region Emerging Markets, Wilo Group; Yasser Nagi, Managing Director, Wilo Middle East & Group Sales Director MENA Region and Bijan Sheibani, Chairman, Direct Trade House International LLC.
Under the terms of the agreement, WME said it will be acquiring PumpsPro, including all its assets, highly skilled service workforce, brand and extensive portfolio of customers. The move is expected to further reinforce WME’s position as a complete solution provider in the UAE and the Middle East region, it added. Nagi said: “We are proud to announce the signing of a strategic acquisition agreement with PumpsPro – a move that is expected to make Wilo a leading solutions provider in the UAE and the rest of the region. It’s a win-win agreement that falls in line with Dubai’s Demand Side Management Strategy 2030 and gives us the opportunity to support the retrofit program of 30,000 buildings by 2030, which aims to make the emirate one of the most sustainable cities in the world.”
According to WME, PumpsPro has been working with it as service partner for its overhauling and repairing business since 2018. The signing of the new agreement, it said, is expected to reinforce Wilo’s capabilities, equipping the company to bring repairing and overhauling activities in-house, especially catering to the large number of building service, water management and industrial customers that require the right servicing that leads to strong reliability and asset uptime. WME said its offshore customers in the region will also benefit from the acquisition, where demand for servicing offshore pumps has seen a big uptake, providing oil and gas customers the just-in-time reliable servicing they require.
Peter Glauner, Senior Vice President – Group Service, Wilo Group, said: “This agreement boosts Wilo Middle East’s competitive advantage over its competitors. We are confident to seeing more benefits, as business synergies are further integrated. Over the years, we have reinforced our position as a global leading premium manufacturer of innovative pumps and pumping systems in the field of building services, water management and industry. We remain steadfast in our efforts to set new standards as a leader of innovation in terms of system efficiency and maximum energy savings.”
According to WME, PumpsPro’s relationship with Wilo Middle East dates back to 2018. WME said PumpsPro has earned a reputation of being a complete solution provider, with its employees cited for their high professionalism and expertise. Sectors that will benefit from the newly signed agreement include facilities management, hotels, leisure destinations, hospitals, schools, water parks, offshore, water management and industry, WME added.
Dallendoerfer said: “We are very confident that this acquisition deal between Wilo Middle East and PumpsPro will help consolidate our efforts to position ourselves as a top candidate in terms of providing complete turnkey value-added solutions to our retrofit customers, who are looking for a one-stop shop capable of providing services in supply, installation, start-up, testing/commissioning and other value-added requirements.”
Empower signs contract to supply 30,000 RT of district cooling to wasl1 development
DUBAI, UAE, 26 January 2021: Emirates Central Cooling Systems Corporation (Empower), announced that it has signed an agreement with Dubai-based Wasl Asset Management Group, one of the largest real estate development and management companies in Dubai, to supply its mixed-use development, wasl1, with 30,000 Refrigeration Tons of district cooling.
Currently being carried out in several phases, the project is located in proximity to Dubai’s arterial Sheikh Zayed Road and Al Jafiliya Metro Station, with views of Zabeel Park. wasl1 will eventually feature 13 residential towers, of which the first phase, Park Gate Residences – comprising four towers and consisting of 746 residential units – has been completed and handed over. wasl1 will also include a range of entertainment facilities, children’s play areas, fully equipped gymnasiums, a multi-purpose hall, and a number of retail stores, restaurants and cafes.
In his comments, H.E. Hesham Al Qassim, CEO, Wasl Asset Management Group, said: “We chose Empower based on its tremendous capabilities in providing district cooling services, and we believe that its efficacy will contribute to strengthening the distinctive wasl1 project. The company’s advanced technologies support our mandate to contribute to the sustainable development of the emirate, while also ensuring the provision of the best cooling services to tenants, effectively enhancing the unique characteristics of wasl1 as a luxury residential project.”
According to Empower, providing a project of such magnitude with green district cooling services has prompted the corporation to direct AED 210 million in investments to finance the construction of seven energy transmission and storage stations (ETS), and to connect the project to the new district cooling plant that is currently underway in the Zabeel area. This, Empower said, would require the building of a subway under Sheikh Zayed Road, in addition to the expansion of the district cooling network.
Empower also said that the wasl1 project will be provided with district cooling services in a number of phases. By mid-2021, the first phase is expected to be completed, which would enable it to provide 3,351 RT of cooling and up to the total capacity of 30,000 RT – equivalent to half of the production of the new Zabeel plant, Empower said. Subsequently, the district cooling plant in the Dubai Financial Centre, currently under operation, will be connected to the new Zabeel plant, with a total load of 112,000 RT, Empower added. This comes in the framework of a proactive plan it has established to meet the needs of the existing as well as of the upcoming mega development projects launched in this vital area of Dubai, Empower further added.
Ahmad Bin Shafar, CEO, Empower, said: “We are working hard to serve the pioneering real estate projects, and we aim to provide all residential, commercial and entertainment facilities and sectors in the emirate of Dubai with district cooling services of sustainable international standards. This emphasizes the pioneering role Dubai plays with regards to reducing carbon emissions, which comes in line with the directives of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, may God protect him.”
Bin Shafar pointed out that adding the wasl1 project to Empower’s portfolio reflects the confidence real estate developers and dealers have in the reliable services it provides. He added that the association with the project also enhances its role in providing more quality cooling services with 50% less energy consumption, compared to the currently used traditional refrigeration services.
Empower reveals AED 901 million net profit in 2020
According to Empower, performance in a nutshell
- Total cooling capacity crossed 1,640,000 RT, maintaining the position of the largest district cooling provider in the world
- Over 140,000 customers
- Total energy saving AED 3.4 billion in 2020
- A total of 350.474 kilometres of district cooling networks
DUBAI, UAE, 20 January 2020: Emirates Central Cooling Systems Corporation (Empower) reported a net profit of AED 901 million, with a total revenue of AED 2.26 billion in 2020. Making the announcement through a Press release, Empower said its revenues grew by three per cent, with a net profit increase of 3.4% year-over-year (YoY). Empower added that the performance has been commendable, given the difficult economic conditions resulting from the global pandemic.
Commenting on Empower’s financial results at the annual press conference, Ahmad Bin Shafar, CEO, Empower, said: “2020 has been another successful year for Empower, with growth in its financial as well as operational performance, which is clearly evident from increase in revenues and net profit, additions in the number of district cooling plants, expansion of district cooling pipeline network, increase in customer base and the number of buildings connected with our district cooling services.”
According to Empower, the number of buildings it provides with its district cooling services exceeded 1,252, and the customer base has reached more than 140,000. The total cooling capacity has reached 1,640,000 Refrigeration Tons (RT) during 2020 that covered various projects, such as Deira Waterfront, Blue Waters, Jumeirah Group, Jumeirah Beach Residence, Dubai International Financial Centre, Business Bay, Dubai Healthcare City, Jumeirah Lake Towers, Palm Jumeirah, Discovery Gardens, Ibn Battuta Mall, Dubai Design District and International Media Production Zone, amongst others, the utility said.
“Empower has also saved a total of 1,312 MW of electricity worth AED 3.4 billion, as of the end of 2020,” Bin Shafar said.
On the sidelines of the press conference, Bin Shafar also said: “We are proud of our achievements in terms of increased number of district cooling plants that has reached 84 plants across Dubai, including the world’s first unmanned district cooling plant in Jumeirah Village Circle project, along with having the largest district cooling network.
“Empower is committed towards efficient utilization of energy resources and supporting its customers and real estate developers, by providing high-quality and eco-friendly district cooling services.”
Bin Shafar also stated that Empower had reduced its fuel surcharge rates by approximately 25%, effective December 1, 2020, in line with the initiative of the Dubai’s Supreme Council of Energy.
He added: “We will continue our endeavors in 2021 to increase the number of district cooling plants and expand our district cooling network across Dubai.”
District cooling utility, Empower wins two Golden Bridge Awards
DUBAI, UAE, 17 December 2020: Emirates Central Cooling Systems Corporation (Empower) has won two Gold Awards in the 12th edition of the Annual Golden Bridge Business and Innovation Awards 2020, the district cooling utility said through a Press release. The winners received their awards during a virtual awards ceremony, on December 10.
Empower said it earned recognition as the Gold Winner for ’Company of the Year’ in the Energy and Utilities category for its impressive achievements in 2019, including the practical innovations in developing the district cooling industry in the world and raising the standards of sustainability in the sector.
Additionally, Ahmad Bin Shafar, CEO, Empower, received the honour, Gold Winner Award for ‘Executive Achievement of the Year’ in the Energy & Utilities category, in recognition of his pioneering contribution in encouraging the region to adopt district cooling concepts and his prominent role in leading Empower to become the world’s largest district cooling services provider, the district cooling utility said.
Previously, Bin Shafar was named as the ‘2018 IDEA Global Leader’, in recognition of his efforts for the enhancement of district cooling sector and his support towards global strives for a better environment. In 2017, he was also appointed by the United Nations Environment Programme (UNEP) as a special advisor on district cooling for its global ‘District Energy in Cities Initiative’.
On this occasion, Bin Shafar said: “The winning of these two Golden Bridge Awards is an inducement for our work teams to move forward in making a qualitative difference. It is also an international recognition for Empower’s efforts in transforming the space cooling industry, globally, and an encouragement for decision-makers to adopt district cooling solutions and apply integrated green practices.”
Bin Shafar spoke of how Empower is pioneering in the District Cooling sector locally and internationally. The company’s efforts and the leading role in the industry also led to the crowning of Dubai as the ‘Champion City’ for district cooling globally, on the sidelines of the 8th International District Energy Association (IDEA) Annual Conference, held in December 2018.
Empower said it has bagged many international awards, as a reflection of its determination and leadership and its ability to innovate solutions and technologies in the district cooling industry. The world’s first unmanned and fully automated district cooling plant it established in the JVC Dubai community is an example of innovative practices, the district cooling utility said.
Empower spoke of how it is a partner of UNEP and plays a vital role in UN-led global initiatives, ‘Cool Coalition’ and ‘District Energy in Cities’. Empower said it is also a member of international bodies of district energy and HVAC industries, such as ASHRAE and IDEA (International District Energy Association).
Bin Shafar added that the company’s success in achieving huge savings, in terms of energy, and protection of natural resources, is the fruit of its ongoing commitment to contribute in building a sustainable future based on a diversified economy and zero carbon emissions. Empower said it saved 1,224MW of electricity, worth AED 3.2 billion, as of the end of 2019. The company’s total district cooling networks, it said, crossed 320 kilometres. It added that it awarded contracts to various companies at a total value of AED1.13 billion in 2019.