Rakez, Smart 4 Power ink five-year retrofit contract to save $3m
Engineering details revealed of Smart 4 Power's retrofit project that covers eight structures and a district cooling plant
Ras Al Khaimah Economic Zone (Rakez) has contracted Smart 4 Power for a retrofit project covering nine buildings across 73,000m2, including a district cooling plant, that will span five years as part of its Rak Energy Efficiency and Renewable Energy Strategy 2040, providing "guaranteed" energy and water savings of 38.5% – worth $3.1m (AED11.5m) – compared to typical consumption patterns with the project also involving Ras Al Khaimah Municipality through Reem, its energy efficiency and renewable energy office, as a technical advisor for Rakez.
The retrofit project will deliver total savings of more than 25 gigawatt-hours of electricity over the contract duration, with an impact on carbon emissions comparable to that of taking nearly 2,000 cars off the roads.
More than 14 million imperial gallons of water will be saved during the period, enough to fill 25 Olympic-sized swimming pools.
The project's overall savings amount to $626,210 (AED2.3m) per year, with payback expected in less than four years.
Rakez's director of engineering, Eyad Ismail, said the project’s retrofitting measures would focus on the improvement of lighting, water, controls, and Hvac systems.
Smart 4 Power's co-founder and chief executive officer, Jesús Gutiérrez, said the company would provide services related to the improvement of cooling systems, the addition of adiabatic cooling for chillers, LED light replacements, and the installation of water-saving devices.
He added: "Additionally, advanced Hvac automation and controls will be installed, which will have a major contribution to the savings generated by the project.
"The installation will be completed by early 2020, and operations, maintenance, and verification services will continue for at least five years.”
Remarking on the project's expected annual savings, Ismail said: "Relative to our current consumption, those savings are among the highest achieved until now in the region for projects entailing such a comprehensive set of measures.”
Commenting on the contract, Rakez's CEO, Ramy Jallad, said: “Rakez is taking significant initiatives in support of the sustainability strategy of Ras Al Khaimah.
"For new buildings, we have already started adopting Barjeel standards, that have been recently introduced by Ras Al Khaimah Municipality.
"The retrofit project shows that we are also focused on improving the energy efficiency of existing buildings. We hope that this project will encourage other entities to undergo similar efforts.”