Empower to acquire district cooling assets of Nakheel for $234m.

Empower, a provider of district cooling services, to acquire district cooling assets of Nakheel, a property developer, for $234m. “The positive implications of such partnerships far exceed their investment dimensions. We are keen that the deal would give thrust to improving the efficiency of the energy sector, achieving a qualitative breakthrough in the standards of meeting the growing demand for district cooling services, and nourishing the momentum of establishing environmentally sustainable communities across the Emirate”, his excellency said. “This indeed goes in line with Dubai's vision to be one of the most sustainable cities in the world and to lead by example in energy efficiency,” HE Al Tayer.