Smart4Power signs five years energy savings contract with Dunes Residential Apartment

Smart4Power brings the ESCO scheme to the residential market by signing energy savings sharing contract with Maximus Property1 Ltd on behalf of Dunes Residential Owners Association. Dunes residential tower is a B+G+8 tower situated in the Dubai Silicon Oasis. The contract includes investment, implementation and operation by Smart4Power of different energy conservation measures at the building targeting Chillers, Ventilation demand and Car Park Lighting. The residents will enjoy energy cost savings without any upfront payment and, in exchange, will share a percentage of the savings with Smart4Power during the duration of the contract. The project funding is channeled through Smart4Power-ALEC ESCO fund.

The energy savings will be monitored and reported on monthly basis to the client via S4P Energy Management Control room. The Owners association can track the savings on a realtime basis, allowing them to forecast utility consumption for yearly budgeting purposes.