Through this partnership with ENOVA, Etihad ESCO will deliver the guaranteed savings in one of the first Energy Savings Performance Contracts signed between DEWA and Etihad ESCO, aiming at enhancing the overall energy efficiency at various infrastructures in the Emirate.
Within the contract’s framework, ENOVA delivers energy saving and water conservation solutions for seven DEWA-owned buildings, including its headquarters, through improving the building control and lighting systems, the chilled water plant and the air conditioning equipment, and the water systems. This partnership contributes to enhancing comfort, staff productivity and customers’ satisfaction with the contract guaranteeing an overall savings in electricity and water use of 31 per cent for six years with an overall payback of six years.
To support its energy efficiency approach in the region, Veolia implemented in 2014 its first Energy Saving Center in the Middle East, located in ENOVA’s headquarters in Dubai. The ability to analyze and steer the energy usage of high energy consuming buildings such as shopping malls, hotels, airports and office buildings, combined with ENOVA’s extensive field experience in guaranteeing energy efficiency through optimized on-site operations and maintenance, is the key differentiating factor separating the Energy Saving Center from other technologies.
Commenting on the contract, Alex Mussallam, CEO of ENOVA said: “ENOVA is proud to deliver the savings in this first Energy Savings Performance Contract. Following our accreditation as an ESCO and the launching of our Energy Saving Center in April 2014, this appointment reaffirms our commitment to sustainability and energy management in Middle East, and our support of Dubai’s 2030 vision to reduce energy consumption by 30%”.
“This comprehensive Energy Savings Performance Contract on buildings, the first of its kind in Dubai, helps DEWA lower its carbon footprint and save significant energy through efficiency” said Stephane le Gentil, CEO of Etihad ESCO, “Etihad ESCO is pleased to execute this project in partnership with ENOVA as this project confirms that significant energy savings in Dubai’s existing buildings can be achieved through public-private partnerships using the energy performance contracting model.”
Enova is a joint venture created in 2002 between Majid Al Futtaim Ventures - which is the growth engine responsible for developing new businesses that complement and reinforce the Majid Al Futtaim Group’s leadership in shopping, retail and leisure, and Veolia - a global leader in optimised resource management; designing and providing water, waste, and energy management solutions that contribute to the sustainable development of communities and industries. Enova recently changed its name from MAF Dalkia to reflect the innovative, dynamic spirit of the company, as well as to further highlight the solid long-term partnership and seamless fusion of knowledge and expertise between the two shareholders.
Enova employs over 2,000 highly trained and multi-skilled employees serving a wide portfolio of clients in the public, residential, commercial, industrial and healthcare sectors. Enova is the leader in energy and multi-technical services, delivering comprehensive services to its clients.
About Veolia Group
Veolia Group is a global leader in optimized resource management. With over 179,000 employees* worldwide, the Group designs and provides water, waste and energy management solutions that contribute to the sustainable development of communities and industries. Through its three complementary business activities, Veolia helps to develop access to resources, preserve available resources, and to replenish them.
In 2014, the group Veolia supplied 96 million people with drinking water and 60 million people with wastewater service, produced 52 million megawatt hours of energy and converted 31 million metric tons of waste into new materials and energy. Veolia Environnement (listed on Paris Euronext: VIE and NYSE: VE) recorded consolidated revenue of €24.4 billion* in 2014. www.veolia.com
(*) 2014 pro-forma unaudited figures, including Dalkia International (100%) and excluding Dalkia France.
About Majid Al Futtaim
Founded in 1992, Majid Al Futtaim is the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa (MENA).
A remarkable business success story, Majid Al Futtaim started from one man’s vision to transform the face of shopping, entertainment and leisure to ‘create great moments for everyone, every day’. It has since grown into one of the United Arab Emirates’ most respected and successful businesses spanning 13 international markets, employing over 27,000 people, and achieving the highest credit rating (BBB) among privately-held corporates in the Middle East.
Majid Al Futtaim owns and operates 17 shopping malls, 11 hotels and three mixed-use communities in MENA, with further developments underway in the region. The shopping malls portfolio includes Mall of the Emirates, City Centre malls, and also four community malls which are in joint venture with the Government of Sharjah. The Company holds exclusive rights to the Carrefour franchise in 38 markets across Middle East, Africa and Central Asia, operating a portfolio of over 60 hypermarkets and over 70 supermarkets in 13 countries.
Majid Al Futtaim operates 143 VOX Cinema screens and 18 Magic Planet family entertainment centres across the region, in addition to iconic leisure and entertainment facilities such as Ski Dubai and iFly Dubai, among others. The Company launched the first LEGO-certified store in the Middle East and is parent to the consumer finance company issuing 'Najm' credit cards, a fashion retail business representing international brands such as Abercrombie & Fitch, Juicy Couture and Halston Heritage, and a healthcare business. In addition, Majid Al Futtaim launched Enova, a facility management company, through a joint venture operation with Veolia, a global leader in optimised environment resource management. The Company also operates in the food and beverage industry through a partnership with Gourmet Gulf.
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