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Sun 1 Apr 2018 12:07 PM

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Retrofitting vital to Dubai's energy strategy, says Etihad ESCO CEO

Dubai will host the RetroFitTech Summit and Awards on April 10 and 11.

Retrofitting vital to Dubai's energy strategy, says Etihad ESCO CEO

The retrofitting of buildings will have an important role to play if Dubai is to achieve its goals of reducing energy demand by 30 percent by 2030, according to Ali Al-Jassim, the CEO of Dubai’s Etihad Energy Services Company (Etihad ESCO).

According to Al-Jassim, the company – which specialises in retrofitting buildings – will aim to increase the share of central cooling in Dubai to 40 percent by 2030.

Additionally, Al-Jassim announced that Dubai will host a fourth annual RetrofitTech Dubai Summit and Awards on April 10 and 11, in a bid to showcase the latest innovations and retrofit technology available on the market.

“We believe this event will provide an ideal platform to know more about the development and growth plans of the UAE’s Retrofit sector,” he said. “Dubai’s outstanding effort in retrofitting buildings in the past years has helped generate energy and water savings across the Emirate.

"We are looking forward to continuing and accelerating the progress of this to help us achieve our target of retrofitting 30,000 buildings by 2030,” he added.

“Our partners in the public and private sectors will join us for the event to get the chance to examine the progress made so far, and look at the potential to save electricity and water through smart and innovative retrofits.”

The Dubai Electricity and Water Authority (DEWA) is currently working to retrofit over 30,000 buildings to ensure energy efficiency and manage energy. The project – which a current total investment of $8.17 billion – is expected to generate more than $22 billion in financial savings.

Last year, Etihad ESCO announced that it is planning to implement more than $43.56 million worth of projects in 2018. In May 2017, the company was also awarded the tender for the development and installation of solar photovoltaic systems at 640 villas for UAE nationals in Hatta.

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