DEWA Acquires 24% More of Empower
Analysis based on 10 articles · First reported Feb 11, 2026 · Last updated Feb 11, 2026
The market is positively impacted by the strategic consolidation of Dubai's district cooling platform under Dubai Electricity and Water Authority's (DEWA) leadership, reinforcing its commitment to sustainable infrastructure. This move is expected to create value for stakeholders and enhance operational synergies within the sector.
Dubai Electricity and Water Authority (DEWA) has acquired an additional 24% stake in Dubai Electricity and Water Authority===Emirates Central Cooling Systems Corporation (Empower) from Dubai Holding, through its subsidiary Dubai Holding===Emirates Power Investment, for AED 5.184 billion. This transaction increases DEWA's shareholding in Empower from 56% to 80%, consolidating Dubai's district cooling platform under DEWA's leadership. The move is seen as a strategic step to align governance and execution across the two listed Dubai utilities and reinforces DEWA's long-term commitment to the district cooling sector. Dubai Holding's divestment aligns with its disciplined approach to portfolio management and strategic capital reallocation. Empower, listed on the Dubai Financial Market with a market capitalization of approximately AED 17.9 billion, will continue to operate as an independent public joint-stock company.
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