EWA chief executive Shaikh Nawaf bin Ebrahim Al Khalifa signed the agreement with Siemens International, Tatweer Petroleum Company and the four government agencies – the ministries of Youth and Sports Affairs, Education and Health, and the Real Estate Regulatory Authority (RERA).
Shaikh Nawaf said that the project will achieve an annual savings of nearly 23 per cent of the amount of electricity and water consumed by retrofitting the buildings.
He also pointed out that the party concerned will not bear the capital cost of the project until the EWA recovers the capital investment in the project through savings in electricity and water bills.
However, he said the authorities concerned will reap the benefits of the reforms for years to come after the project is completed.
Under the contract, the German company implementing the project, Siemens, will undertake savings and be fully responsible for the proper operation of the replaced equipment and measures implemented during the contractual period while providing adequate warranty conditions and replacing what is damaged during this period at its own expense.
According to studies carried out by the company on the four establishments, by using the latest technologies and energy saving equipment the cost of the project could be recovered within less than four years through annual savings in the electricity and water bills.
Welcoming the signing of the agreement, Shaikh Mohammed said it was part of Noga’s strategy to preserve natural gas resources in partnership with the private and public sectors.
The aim was to improve energy efficiency through programmes to reduce energy use in government and private buildings and then making developmental adjustments to reduce electricity and water bills.
This would benefit the nation by preserving natural oil reserves used for the production of electricity and water.
Electricity and Water Affairs Minister Wael Al Mubarak praised signatories to the partnership aimed at improving energy consumption and preserving the country’s natural resources and using them in optimal ways to attain more achievements aimed at the growth and prosperity of the national economy.
Officials who signed the agreement included Youth and Sports Affairs Minister Ayman Almoayyed, RERA chief executive Shaikh Mohammed bin Khalifa Al Khalifa, Education Ministry Resources and Services Affairs Under-Secretary Dr Mubarak Juma, Health Ministry Under-Secretary Dr Waleed Al Manea, Tatweer chief executive James Estlake and Siemens Bahrain general manager Bassem Akkawi.
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