PHOTO
Abu Dhabi, UAE - Abu Dhabi Commercial Properties (ADCP), a wholly owned subsidiary of Abu Dhabi Commercial Bank (ADCB), has signed a Memorandum of Understanding (MoU) with GE's energy start-up Current, powered by GE, to drive energy efficiency and intelligent enterprises solutions across the projects it manages in the UAE.
Aligned with the Abu Dhabi 2030 Vision to promote sustainable development and to reduce the carbon footprint of the built environments, the agreement marks a milestone in ADCP's focus on introducing the highest standards in energy efficiency to the community management services it provides.
The two entities will work to co-develop a framework for collaborative activities with the initial focus on LED lighting retrofits in 2,200 buildings managed by ADCP in the country. Subsequently, Current would also potentially provide lighting design services for any developments developed by Abu Dhabi Commercial Engineering Services (ADCE), the engineering arm of ADCP.
Mohamed Binbrek, General Manager - ADCP, said; "The agreement with Current underlines our commitment to deliver energy-efficient solutions to the properties that we manage, which will benefit all stakeholders and contribute to a greener UAE. This complements the vision of our leadership to leverage innovative approaches in sustainability and to pursue best practices in green buildings that can reduce the nation's carbon footprint and drive greater environmental sustainability. Current's solutions serve as a good fit to achieve our energy efficiency goals."
Peter Lau, CEO, Europe and Middle East of GE's energy start-up Current, powered by GE, said: "The UAE has taken significant strides in promoting green buildings and intelligent solutions led by the 'green economy for sustainable development' strategy and UAE Vision 2021. ADCP is setting industry benchmarks in promoting green practices in the built environment and in future developments. Bringing together Current's LED, solar, energy storage and electric vehicle business under one umbrella, Current can support ADCP in meeting its 'green' goals."
ADCP provides the full spectrum of facility and community management services to banks and privately owned properties. Along with Current, the company will identify energy efficiency opportunities for its projects portfolio and Current will provide the technology and expertise in the areas of energy management and intelligent lighting applications.
Further, they will generate a database of potential areas of growth for deploying Current's advanced LED fixtures and solutions, and undertake retrofitting where adequate and necessary, to achieve maximum energy-efficiency results. Current is committed and will provide continuous technical support to ADCP, and also engage in knowledge sharing sessions and training programs to ensure highest quality of service and international best-practices.
-Ends-
About Abu Dhabi Commercial Properties (ADCP):
Abu Dhabi Commercial Properties was established by ADCB in January 2007 to act as its property services subsidiary. Abu Dhabi Commercial Properties has achieved constant growth since inception and is continuously expanding its portfolios and services to meet the region needs, all in line with "Abu Dhabi Economic Vision 2030" and is currently involved in the management of over 48,000 units in more than 2500 buildings. Starting with residential and commercial building projects, the company has grown organically to the level where it is now serving the entire UAE and overseeing large-scale projects financed by ADCB.
Knowing that sustainability and social responsibility are no longer a luxury, but have become requirements of modern day companies, ADCP pledges to keep improving and developing our communities to respond to contemporary lifestyle, business and living needs with the highest standards of quality avoiding causing any damage or harm to the environment through green buildings.
ADCP has also recently been honoured with the title of 'Best property Management Team - UAE, 2016'. With this win, ADCP further cements its position as the preferred property management company in Abu Dhabi.
About GE:
GE (NYSE: GE) is the world's Digital Industrial Company, transforming industry with software-defined machines and solutions that are connected, responsive and predictive. GE is organized around a global exchange of knowledge, the "GE Store," through which each business shares and accesses the same technology, markets, structure and intellect. Each invention further fuels innovation and application across our industrial sectors. With people, services, technology and scale, GE delivers better outcomes for customers by speaking the language of industry. www.ge.com
For more information, please contact:
Caroline Wehbeh Kelly Home/ Nivine William
External Communications Director, GE, MENAT ASDA'A Burson-Marsteller
+9714 4296318 +9714 4507 600
caroline.wehbeh@ge.com kelly.home@bm.com | nivine.william@bm.com
© Press Release 2016
