Etihad Energy Services Company (Etihad ESCO), a subsidiary of Dubai Electricity and Water Authority (DEWA) and DP World have signed an agreement to retrofit buildings at Dubai Maritime City (DMC).

The maritime-focused commercial and industrial park is fully owned by DP World.

DMC said in a press statement that the agreement includes installing modern air conditioning, lighting, and thermal insulation in all the facilities.

The project is expected to save 729,373 kilowatt-hours annually, which is 20 percent of the total current consumption of the targeted facilities, the statement said.

Mohammed Al Muallem, CEO and Managing Director of DP World, UAE Region said: “We have always been committed to using innovative technologies to improve energy efficiency at the Commercial and Industrial Districts facilities in DMC. We are certain that the implementation of practices that comply with the Green Building programme by the Government of Dubai, will help us save costs, showcasing our concern for the greater good of the environment and strengthening our contribution to the Emirates Green Agenda 2030.”

Faisal Al Raisi, Acting Chief Operating Officer at Etihad ESCO said the project will provide a package of integrated, diversified, and sustainable solutions to increase energy efficiency, and contribute to realising the objectives of the Dubai Demand Side Management Strategy 2030.

In June 2019, Etihad ESCO had financed and completed the first and second phases of the retrofit project for the staff accommodation areas of the Jebel Ali Free Zone (JAFZA), a DP World-subsidiary.

Etihad ESCO started work on the 64 million-dirham project in 2015 in what was billed as the Middle East's largest energy retrofit scheme.

(Writing by Anoop Menon; Editing by Seban Scaria)

(anoop.menon@refinitiv.com)

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

© ZAWYA 2021