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Guaranteed energy savings of 31% to be generated in DEWA-owned buildings and 68% in guaranteed energy savings in lighting upgrades
Dubai - Dubai Electricity & Water Authority (DEWA) and Etihad Energy Service Company (Etihad ESCO), announced today the signing of two comprehensive Energy Savings Performance Contracts (ESPC) at a combined value of AED 37 million to improve and enhance overall energy efficiency of the lighting infrastructure of the power plants at Jebel Ali and Al-Awir and 7 DEWA-owned buildings including the main headquarter building.
As part of the guaranteed savings project, Etihad ESCO conducted a technical energy audit on DEWA facilities which identified significant energy efficiency improvement measures as well as related capital improvement measures that will support sustainability and overall energy efficiency. This project will serve as a showcase for the energy performance contracting market at the level of Dubai and the region.
HE Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, and Managing Director and CEO of DEWA expressed his satisfaction with the award of the projects and stated that this initiative is in line with the United Arab Emirates national strategy "Green Economy for Sustainable Development" and the directives of HH Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister and Ruler of Dubai, to make the UAE a world leader in the field of Green Economy and "Dubai Integrated Energy Strategy" that aims to reduce the electricity consumption by 30% and the carbon emissions by over 5M tons by 2030. "DEWA is proud to lead by example by implementing energy efficiency through the innovative energy performance contracting model which is new for the region and the partnership with Etihad ESCO will further drive public-private partnerships that support the vision of making Dubai a leading example of energy efficiency for the region and the world" said Al Tayer.
One of the projects consists of a comprehensive lighting upgrade with high-efficiency LED technology within DEWA's power stations in Jebel Ali and Al-Awir, where the contract guarantees a 68 percent electricity savings for 5 years with a payback of 3.5 years. The second project focuses on energy efficiency and water conservation in 7 DEWA-owned buildings, including the improvements of the building control systems, chiller plant facilities, air conditioning equipment and water systems. It will improve comfort and productivity for customers and staff with the contract guaranteeing an overall savings in electricity and water use of 31 percent for 6 years with an overall payback of 6 years. Both projects will measurably reduce carbon dioxide (CO2) emissions, which are projected to decline by 8,531 metric tons each year, equivalent to removing 1796 cars from the road each year.
In line with Etihad ESCO's mission of enabling a performance contracting market in Dubai, Etihad ESCO is partnering with Philips Lighting on the Lighting project and MAF Dalkia Middle East on the Building project. Construction on both projects is scheduled to be completed in December 2015. Comprehensive long-term maintenance, repair and replacement of the installed components are also funded through guaranteed energy savings to ensure the installed improvements remain in good working order over the respective contract duration.
"This comprehensive project helps DEWA to enhance its operational efficiency and lower the carbon footprint of its facilities which adds to its already outstanding record of achievements in energy conservation and sustainability," said Stephane le Gentil, CEO of Etihad ESCO. "Etihad ESCO is proud of its partnership with DEWA as it will showcase how energy performance contracting can enable energy efficiency, a far more effective way of conserving energy resources than traditional energy conservation efforts that may be limited in savings."
Photo Caption: From Left to Right - Waleed Salman, Vice Chairman of Etihad Esco, HE Saeed Mohammed Al Tayer, Chairman of Etihad Esco, Vice Chairman of Dubai Supreme Council of Energy, MD & CEO of DEWA, Stephane Le Gentil, CEO of Etihad ESCO.
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About Etihad ESCO
Etihad ESCO is a venture working under the umbrella of the Dubai Supreme Council of Energy, established in 2013 with the mission of making Dubai's built environment a leading example of energy efficiency regionally and globally. As a Super ESCO (Energy Service Company), it enables the energy performance contracting market in Dubai by developing and financing energy efficiency projects targeting more than 30,000 buildings. Etihad ESCO aims to jumpstart the creation of viable performance contracting market for energy service companies by executing building retrofits, increasing penetration of district cooling, building capacity of local ESCOs for private sector and facilitating access to project finance. The Dubai ESCOs market will provide new business opportunities for joint ventures, international partnerships as well as engage UAE national entrepreneurs through a diversified supply chain from financial institutions, technology providers and equipment manufacturers to service providers across the project development, management and reporting stages.
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© Press Release 2015
