Quantum Eurostar, Etihad ESCO ink deal

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Quantum Eurostar, Etihad ESCO ink deal
Fadi AlFaris, Head - Energy Management Solutions at Quantum Eurostar Energy Solutions LLC and Stefano Martini, CEO and Managing Director of Quantum. - Supplied photo

Published: Wed 22 Nov 2017, 8:57 PM

Last updated: Wed 22 Nov 2017, 11:02 PM

Quantum Eurostar Energy Solutions Company (Qesco), a accredited ESCO in the UAE, announced ESCO projects in the UAE to undertake innovative energy management solutions projects. Qesco is a joint venture between the Eurostar Group and Quantum, an Italian Energy Expert Company.
QESCO has also signed a major eight-year period contract with Etihad ESCO, the energy efficiency and saving arm of Dewa. Quantum Eurostar will provide energy saving solutions to some of Dubai's iconic golf courses - Dubai Creek Golf and Yacht Club, Emirates Golf Club and Dubai Golf Residence.
Stefano Martini, CEO and managing director of Quantum, said, "At Quantum, we have been at the forefront of designing and executing energy saving solutions across industries. With our partner Eurostar, we aim to bring to this region our tried and tested capabilities. It gives me immense pleasure to be working with Etihad ESCO on a prestigious project. Over the last year, QESCO has been working with various government and private organisations across the region. In the near term, we aim to announce new project wins in this space."
The total energy and water savings during the project period is expected to be AED 35million. The accumulative carbon footprint reduction is 36,000 tonnes by end of the project period. The project will produce solar energy by installing roof-top solar system, where the capacity will be 677kW and the generation is 1,093,000 kWh per annum. Quantum ESCO will save Dh4,422,000 per annum.
Quantum Eurostar is undertaking the first energy saving retrofit solution catering to the hospitality, leisure and entertainment sector in the UAE. The retrofit ESCO solutions will be applied on air-conditioning systems, internal lighting, external lighting, golf course lighting, building automation and control, building envelop, ventilation, pumps and fans, water systems and solar roof-top.
Raju Jethwani, group chairman of Eurostar Group, said : "We are pleased to announce our agreement with Etihad ESCO. This project is the largest of its size and we are happy that Etihad ESCO found the most suitable partner in us. The project will set new benchmarks in delivering ESCO projects in general in the region, and the hospitality and leisure sectors in particular." - business@khaleejtimes.com

By Staff Report

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