DUBAI - ENOC Group has unveiled recorded cumulative savings of AED71.4 million from innovative energy efficiency measures implemented across the Group over the last five years.
The results and findings were published in the Group’s third edition of the Energy and Efficiency Report, which was launched at Water, Energy, Technology, and Environment Exhibition, WETEX 2019, said an ENOC press release on Monday.
The Energy and Efficiency Report is a pioneering publication that has set industry benchmarks in energy management for the energy, oil and gas sector. The report also outlines how ENOC has been able to implement innovative initiatives across the Group to achieve substantial savings.
In 2018, ENOC achieved AED11.2 million of Energy & Resource Management, E&RM, savings ahead of the targets predicted at the launch of its E&RM programme in 2008. With a strong focus on driving sustainable operations through adopting clean energy in power generation and efficient utilisation of energy, ENOC Group is committed to becoming the lowest energy intensity operator in the global oil and gas sector. This is underpinned by its move towards utilising an estimated 1.1 MW of solar PV installations that will lead to a savings of about AED1 million per year.
"Dubai Integrated Energy Strategy 2030 developed by the Dubai Supreme Council of Energy has established a precedence for organisations to institutionalise energy efficiency and resource management practices within their operations. At ENOC, we’ve made significant strides in energy efficiency and will continue to gear our efforts towards raising E&RM standards for the industry. We hope that this report acts as a guide for other organisations to use when incorporating energy and efficiency measures into their operations," said Saif Humaid Al Falasi, Group CEO of ENOC.
Last year, ENOC Group achieved a 27 percent reduction in water intensity, and an overall seven percent reduction in terms of waste intensity since 2014. ENOC also conducted over 30 environmental and E&RM audits and assessments across a number of its business units in order to increase the sustainability quotient of its business units.
The third edition of the Energy and Efficiency report also provides an overview of the various technologies innovations, industry practices and thought processes to build and maintain an organisational culture based on superior energy performance.
© Copyright Emirates News Agency (WAM) 2019.