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Three60 posts AED 7mn in savings on utility costs in first five months of 2020

Subsidiary of Eltizam Asset Management Group highlights 49% increase in utility savings recorded versus same period in 2019; points to the contribution of such initiatives as the insulation of chilled water lines in common areas, the regular maintenance of thermostats and the installation of chiller rigging

| | Sep 22, 2020 | 3:46 pm
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DUBAI, UAE, 22 September 2020: Three60 Communities, a subsidiary of Eltizam Asset Management Group and a provider of community management services in the UAE and Oman, said it has posted savings of AED 7 million on utility expenses across communities it manages during the first five months of 2020, an increase of 49% in savings compared to the same period, last year. In line with the UAE Energy Strategy 2050, the company has focused on developing and deploying comprehensive energy and utility management plans across its portfolio, in an effort to reduce each community’s carbon footprint, while lowering operating costs at the same time, the company said.

The biggest savings came from the electricity consumption reduction, with savings from January to May 2020 totalling AED 4.3 million, the company said. This was followed by savings on chilled water consumption totalling AED 2.3 million, which was achieved through continuous monitoring and control of chilled water flow and temperature, the company further said. Water consumption across the communities also went down during the period, leading to savings of AED 400,000, the company added.

Some of the conservation initiatives included the installation of LED lights in common areas and sensor lights in parking bays of some communities, the company said. The insulation of the common areas’ chilled water lines and the regular maintenance of thermostats have also resulted in considerable energy savings, as well as the installation of chiller rigging, sun protection films and new building management systems in certain communities, the company said. Additionally, modification of lighting circuits for day and nighttime operation also contributed to consumption reduction, the company added.

Three60 said it has also scheduled the regular maintenance of filtration pump and filter to ensure that only clean water flows into the pools. To lower the communities’ chilled water consumption by 30%, the Three60 teams has installed variable frequency drives (VFD) and adiabatic system as well, it said.

Mohammed Alsharaf, Chief Operations Officer, Eltizam Asset Management Group, UAE and Oman, said: “We closely worked with different communities for the implementation of these measures to achieve maximum energy and water savings in 2020 and the coming years. Our efforts are according to the principles behind the Corporate Social Responsibility (CSR) pillar of the new Get Wonky culture of Eltizam. The CSR pillar covers various areas, including energy efficiency, to ensure a maximum positive impact for the benefit of our valued owners.

“These initiatives have been implemented as part of the company’s strategy this year to shift to a proactive energy management model, which is now an integral part of any new contract. At Three60, we seek to provide owners and occupants with a sustainable community where they can live, work, and play happily. Our measures reflect this commitment.”


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