The biggest savings came from the electricity consumption reduction, with savings from January to May 2020 totaling $1.17 million
Three60 Communities says it has posted substantial savings of $1.9 million in utility expenses across communities it manages during the first five months of 2020,
The Eltizam Asset Management Group subsidiary noted in a statement that the figure represents an increase of 49% in savings compared to the same period last year.
The company added that the plan was introduced in line with UAE Energy Strategy 2050 and it has, “focused on developing and deploying comprehensive energy and utility management plans across its portfolio, in an effort to reduce each community’s carbon footprint, while lowering operating costs at the same time.”
With savings from January to May 2020 totaling $1.17 million, the biggest savings came from the electricity consumption reduction. Chilled water consumption savings totaled $625,000, which was achieved through continuous monitoring and control of chilled water flow and temperature”.
Water consumption across the communities also went down during the period, leading to savings of $109,000, said Three60.
Conservation initiatives have included the installation of LED lights in common areas and sensor lights in parking bays of some communities. The insulation of the common areas’ chilled water lines and the regular maintenance of thermostats have also resulted in considerable energy savings, as well as the installation of chiller rigging, sun protection films and new building management systems in certain communities, the firm explained.
It has also modified lighting circuits for day and nighttime operation as well as scheduled the regular maintenance of filtration pump and filter to ensure that only clean water flows into the pools.
To lower the communities’ chilled water consumption by 30%, variable frequency drives (VFD) and adiabatic system have been deployed.
“We closely worked with different communities for the implementation of these measures to achieve maximum energy and water savings in 2020 and the coming years,” said Mohammed Alsharaf, COO, Eltizam Asset Management Group, UAE and Oman. “Our efforts are according to the principles behind the Corporate Social Responsibility (CSR) pillar of the new Get Wonky culture of Eltizam. The CSR pillar covers various areas, including energy efficiency, to ensure a maximum positive impact for the benefit of our valued owners.
“These initiatives have been implemented as part of the company’s strategy this year to shift to a proactive energy management model, which is now an integral part of any new contract. At Three60, we seek to provide owners and occupants with a sustainable community where they can live, work, and play happily. Our measures reflect this commitment.”