EEG secures three energy efficiency contracts
First contract will see implementation of Energy Performance Contracting (EPC) projects in two hotels in Beirut, Lebanon, while the other two contracts are Mauritius-based.
Lebanon-based Energy Efficiency Group (EEG) has recently been awarded three contracts focused on promoting energy efficiency.
The first contract will comprise of Energy Performance Contracting (EPC) projects for Beirut’s Phoenicia Intercontinental Hotel and Vendome Intercontinental Hotel. This comprises of a retrofit of more than 24,000 lighting fixtures across both hotels.
EEG previously conducted an energy audit for both hotels starting in 2008 and was followed by a lighting analysis in 2014. The results led to the negotiation of an EPC contract, which is expected to deliver a combined annual cost savings over an estimated $400,000.
The EPC contract is unique as under its guidelines, the energy services company is remunerated solely from proven savings achieved after installation and verification of savings. A common contract model found in Western markets, this marks the first instance in which the concept has been utilised in Lebanon.
In Mauritius, EEG have secured a contract for an energy audit for a textile plant owned by Consolidated Fabrics (CFL). The energy management company will focus on enhanced the performance of onsite utilities.
Finally, EEG has signed a third-year cooperation agreement with Sun Resorts, also based in Mauritius. EEG previously conducted a successful energy audit and implemented energy efficiency measures across the brand’s properties. As per the new agreement, the Lebanese company will continue to enhance the group’s drive towards energy efficiency.