Three60 Communities posts $1.9m in utility expenses savings in 2020
The biggest savings was from electricity consumption reduction, with savings from January to May 2020 totalling $1.17m
Three60 Communities has posted savings of $1.9m (AED7m) on utility expenses across the communities it manages during the first five months of 2020, marking a 49% increase in savings compared to the same period last year.
The UAE- and Oman-based community management services provider – which is a subsidiary of Eltizam Asset Management Group – 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, in line with the UAE Energy Strategy 2050.
The biggest savings came from the reduction in electricity consumption, with savings from January to May 2020 totalling $1.17m (AED4.3m).
This was followed by savings on chilled water consumption totalling $626,200 (AED2.3m), which was achieved through continuous monitoring and control of chilled water flow and temperature.
Water consumption across communities dropped during the period, leading to savings of $108,900 (AED400,000).
Some of the conservation initiatives included the installation of LED lights in common areas and sensor lights in parking bays of some communities.
The insulation of the common areas’ chilled water lines and the regular maintenance of thermostats have also resulted in considerable energy savings.
In addition, the installation of chiller rigging; sun protection films; modification of lighting circuits for day and night-time operation; and new building management systems in certain communities added to energy savings.
Three60 has also scheduled the regular maintenance of filtration pumps and filters to ensure that only clean water flows into the pools. To lower the communities’ chilled water consumption by 30% per cent, the Three60 teams have installed variable frequency drives (VFD) and adiabatic systems, as well.
The chief operations officer of Eltizam Asset Management Group, UAE and Oman, Mohammed Alsharaf, 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,” he concluded.