Emirates Central Cooling Systems Corporation signed an agreement to acquire Dubai Airport Cooling Infrastructure Business from Dubai Aviation City Corp. for AED 1.1 billion on November 1, 2021. Empower will own and manage all the existing district cooling infrastructure of Dubai International Airport, with all its facilities and complexes. Empower has acquired the district cooling systems through a combination of internal accruals and debt financing from local and international banks. Standard Chartered Bank - UAE Branches acted as a financial advisor to Dubai Aviation City Corp. The team of SCB was led by Rajesh Singhi, Mohit Singh, Bidu Prakash Das, Shikhar Jain and Nikhil Joshi.

Emirates Central Cooling Systems Corporation completed the acquisition of Dubai Airport Cooling Infrastructure Business from Dubai Aviation City Corp. for AED 1.1 billion on May 19, 2023.