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Quantum Eurostar signs energy efficiency services contract with Etihad ESCO

Project expected to save AED 4,422,000 annually, says Eurostar Chairman & CEO

| | Nov 22, 2017 | 3:17 pm
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Dubai, November 22, 2017: As part of a contract signed with Etihad ESCO, Quantum Eurostar Energy Solutions Company (QESCO), a joint venture between EUROSTAR Group and Italy-based Quantum, would be undertaking energy management projects in the UAE, the firms said through a Press communiqué. The projects would be focused on the leisure and entertainment sector and the contract has been signed for a period of eight years.

According to the communiqué, the energy saving solutions would be provided to the Dubai Creek Golf and Yacht Club, Emirates Golf Club and Dubai Golf Residence.

The communiqué further stated that the retrofit solutions would be applied on air-conditioning systems, internal lighting, external lighting, golf course lighting, building automation and control, building envelops, ventilation, pumps and fans, water systems and solar roof-top.

Speaking on the occasion, Raju Jethwani, Chairman and CEO, EUROSTAR Group, said: “We are pleased to announce our agreement with Etihad ESCO. This project is the largest of its size and we are happy that Etihad ESCO found the most suitable partner in us. The project will set new benchmarks in delivering energy service projects in the region.”

Sharing further details on the forecasted energy saving results, Jethwani added: “The total energy and water savings is expected to be AED 35 million. The accumulative carbon footprint reduction would be 36,000 tonnes by the end of the project period. Rooftop solar panels would also be installed with a capacity of 677kW and the power generation would be 1,093,000 kWh annually. The entire project is expected to save AED 4,422,000 yearly.”

Stefano Martini, CEO and Managing Director, Quantum, added: “At Quantum, we have been at the forefront of designing and executing energy saving solutions across industries. With our partner Eurostar, we aim to bring to this region our tried and tested capabilities. It gives me immense pleasure to be working with Etihad ESCO on a prestigious project. Over the last year, QESCO has been working with various government and private organizations across the region. In the near term, we aim to announce new project wins in this space.”


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