Emicool Announces 7% Discount on Bills for the Next 3 Months Across All Sectors
Emirates District Cooling (Emicool) LLC, a leading district cooling service provider in the region and a wholly owned subsidiary of Dubai Investments, has announced a 7% discount on declared load for the three months period from August to October 2020, across the Company’s commercial, residential and industrial sectors.
With the current total operating capacity of 355,000 RT, the 2nd phase of the stimulus package will be applicable for customers’ falling under identified concession areas amongst Emicool’s portfolio.
Dr Adib Moubadder, CEO, Emicool, said, “Emicool’s efforts are always directed towards continuous coordination with our partners in the private and public sectors to maintain a safe economic climate and a thriving business sector in Dubai. Our current initiative is a translation of the directives of the government and is re-introduced with the aim of supporting companies, residents and the business sectors, enhance financial liquidity and mitigate the effects of the current economic situation. The impending growth in the district cooling sector indicates an increase in demand for efficient cooling services and with district cooling services forming an important aspect of day today lives, we are positive that this move will help provide a positive environment and reflect on the economic competitiveness.”
Emicool continues to play a major role in contributing to global efforts to make a positive impact on climate change by reducing consumption relying on larger operational cycle and conserving natural resources using environmentally friendly district cooling systems, which in turn contributes to cost reduction for consumers while facilitating sustainable development.
The diversity of Emicool’s customer base and the key sectors served is testimony to increasing investments towards infrastructure development coupled with growing demand for reliable and cost-efficient cooling systems, driving the cooling market.
Dubai Investments PJSC is a leading public joint stock company listed on the Dubai Financial Market with over 16,771 shareholders and a paid-up capital of AED 4 billion. Incorporated in 1995, the Company has grown exponentially with investments in a number of businesses across a number of sectors, ranging from real estate, processing industries, mergers and acquisitions, healthcare, education to financial investments in the UAE and the Middle East. Dubai Investments continues to create positive economic impact and long-term value for its stakeholders by investing in sustainable, growth sectors in markets across the globe.