Etihad ESCO and DIFC sign EPC to cut energy use
As per the agreement, Etihad ESCO will replace roughly 28,500 of DIFC’s traditional light bulbs with LED lights, reducing energy consumption by roughly 72%
The Dubai International Financial Centre (DIFC) has signed an energy performance contract (EPC) with Etihad Energy Service Company (ESCO).
According to the contract, Etihad ESCO is tasked with replacing internal and external light bulbs and street lights with LED alternatives. Roughly 28,500 of DIFC’s traditional light bulbs will be replaced, enabling the free zone to achieve 72% in annual savings over six years.
DIFC is one of the first financial free zones in the UAE to undergo a major transformation of its lighting system infrastructure.
The signing was attended by numerous VIPs, which included Arif Amiri, CEO of Dubai International Financial Centre Authority, and Waleed Salman, Vice Chairman of Etihad Esco.
HE Saeed Mohammed Al Tayer, Vice-Chairman of the Dubai Supreme Council of Energy and Chairman of Etihad ESCO, shared: “This contract emphasises our role to enhance the energy-efficiency market, and our commitment to provide energy solutions, making Dubai an international role model for energy security and efficiency, and investments in renewable energy from low carbon.”
HE Essa Kazim, Governor of Dubai International Financial Centre, said: “To adhere to the Emirate’s objectives to adopt green energy solutions, our cooperation with Etihad ESCO aims to improve lighting infrastructure, making it more sustainable and efficient with energy consumption.”
DIFC is home to over 1,445 registered companies and a workforce of 19,808 employees. With numbers expected to triple by 2024, the realisation of an energy-efficient ecosystem becomes absolutely necessary.