YORK and Electronim agree solar projects and BOO partnership
MoU strengthens joint economic cooperation and opens up prospect of entering into a commercial relationship inside and outside Saudi Arabia
Al Salem Johnson Controls (YORK) and Electromin, a brand owned by Petromin, signed an MoU at Al-Dabbagh Group headquarters in Jeddah to develop their economic cooperation through energy supply and generation services to coordinate in operating Electromin facilities. The MoU also includes preventive maintenance of all company branches and facilities.
Al Salem Johnson Controls (YORK), a leading provider of integrated solutions in HVAC-R, fire, safety and security systems, building management systems and controls, was represented by Dr. Mohanad AlShaikh, CEO of Al Salem Johnson Controls (YORK) in Saudi Arabia, Egypt, Lebanon and Yemen. Electromin was represented by Kalyana Sivagananam, CEO of Petromin, which operates in food industries, car services, fuel retailing, housing, packaging sectors and others.
The MoU entailed strengthening and developing joint economic cooperation between Al Salem Johnson Controls (YORK) and Electromin and studying the prospect of entering into a commercial relationship inside and outside the Kingdom of Saudi Arabia.
Kalyana Sivagananam stressed the importance of the MoU signed with Al Salem Johnson Controls (YORK) and the areas it covers particularly renewable energy. The MoU encompasses studying and cooperating to supply and generate energy using alternative energy sources such as solar energy in different Electromin facilities.
He said that the MoU incorporates Al Salem Johnson Controls (YORK) implementing alternative energy projects according to the BOO model (build, own and operate), provided that Electromin buys energy from it in accordance with the power purchase agreements.
He pointed out that under the MoU, Al Salem Johnson Controls (YORK) will provide the best energy equipment and monitoring services for Electromin facilities.
Dr. Mohanad AlShaikh said in a statement following the signing: “The cooperation with Electromin will provide energy audit services to Electromin and some of its affiliates’ facilities, such as Petromin Nissan Express, Diesel Express, Petromin Auto care, gas stations, office facilities, and other industrial and commercial facilities of Petromin.
AlShaikh added that Al Salem Johnson Controls (YORK) would undertake audits and offer services to help Electromin save energy and increase the efficiency and safety of its facilities, in addition to proposing solutions to enable savings and potential reductions in the environmental footprint.
