DUBAI- United Arab Emirates-based district cooling firm Emirates Central Cooling Systems Corporation (Empower) has settled a $728 million loan, a company statement said on Tuesday.

"Empower has fully settled its term loan facilities for a total amount of AED 2.67 billion ($728 million) and the company will have zero debt in its books at the end of the year," the statement added.

(Reporting by Asma Alsharif; Writing by Tuqa Khalid; Editing by Robin Pomeroy) ((Tuqa.Khalid@thomsonreuters.com; +971521047568;))