Etihad ESCO Inks AED 31.6-million Energy Performance Deal with Dubai Golf; Etihad ESCO's First Energy Performance Contract (EPC) in Leisure and Hospitality Industry
Dubai, United Arab Emirates, October 31, 2017: Dubai Golf and Etihad Energy Services Company (ESCO) has sealed a historic AED 31.6-million energy performance agreement to implement energy conservation measures at Dubai Golf on a guaranteed-energy-saving basis.
The contract will result in an annual guaranteed saving of AED 4.42 millions for Dubai Golf which is guaranteed for next eight years.
As one of the region's longest guaranteed-energy-saving projects, the agreement will involve deep heating, ventilation, and air conditioning (HVAC) and light retrofit works along with the installation of on-grid solar photovoltaic (PV) panel for renewable energy generation. The initiative will be fully financed by Etihad ESCO, with the project investment to be repaid by the generated saving.
“Etihad ESCO is fully committed to supporting the Dubai Government's sustainability goals and helping private entities to meet the emirate's demand side management target. By signing the latest agreement, we are marking another milestone as this is Etihad ESCO's first energy performance contract (EPC) in leisure and hospitality industry. We are confident that collaborating with Dubai Golf is one of the most important steps towards sustainability in Dubai and the rest of the UAE,” Eng. Ali Al Jassim, CEO, Etihad ESCO said.
The retrofit project is seen to help reduce carbon emission by 3,700 tonnes per annum as well as Dubai Golf's overall energy consumption by a remarkable 26.89%.
“Adopting sustainability practices remains a key focus for Dubai Golf. This is evidenced by the awarding of GEO Certification® to both Emirates Golf Club and Dubai Creek Golf & Yacht Club. We seek to bring this further by significantly reducing our energy consumption, an objective that we believe can be achieved through our strategic partnership with Etihad ESCO,” said Christopher May, CEO, Dubai Golf.
Etihad ESCO was established in 2013 as an initiative by DEWA to create a viable market in Dubai for building retrofits using Energy Services Companies (ESCOs).