Etihad ESCO and DIFC launch Energy Efficiency Programme

DUBAI: Etihad Energy Services Company, Etihad ESCO, has signed an agreement with the Dubai International Financial Centre, DIFC, to reduce energy consumption and the carbon footprint of the properties owned by the DIFC.

The move is part of the “Green Economy for Sustainable Development” initiative launched in 2012 by Vice President and Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and is aligned with the Dubai Integrated Energy Strategy 2030 of reducing energy demand by 30% by that year.

The agreement is part of Etihad ESCO s mandate to create a market that meets the growing need for energy-efficient solutions in Dubai as new projects and developments are in the pipeline.

Saeed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy, DSCE, MD and CEO of Dubai Electricity and Water Authority, DEWA, and Chairman of Etihad ESCO, said, “As a market driver, Etihad ESCO is committed to delivering energy efficient solutions via existing Energy Services Companies to further establish Dubai as a global hub for energy efficiency.

Our strategic collaboration with the DIFC will serve to further solidify partnerships between the public and private sectors through Energy Performance Contracting in Dubai and enable us to provide new business opportunities for joint ventures, encourage international partnerships, and engage budding entrepreneurs in the field.” Essa Kazim, Governor of DIFC, said, “We are pleased to be working with Etihad ESCO to promote Sheikh Mohammed bin Rashid Al-Maktoum s Green Economy for Sustainable Development initiative. It is essential that any developments within the DIFC district incorporate sustainable, long-term energy solutions in line with global standards and in support of Dubai s vision to become an internationally-recognised energy-efficient city.”

Discussing the demand for energy efficiency solutions in Dubai after the signing, Stephane le Gentil, CEO of Etihad ESCO, commented, “Many owners are recognising the need for sustainable, energy-efficient buildings, while at the same time considering the financial implications of retro-fitting existing facilities. Cost is a key factor driving the decision, and we are able to address this concern in the Dubai market through providing financing options that enable building owners to upgrade existing infrastructure without the need for capital investment.”

SOURCE: WAM