World : Saudi Arabia targets energy efficiencies of 40GW hours in 2018

National Energy Services Company to help schools, mosques and other buildings go green

Saudi Arabia is targeting 40 gigawatt hours of energy savings this year, according to the head of the country’s newly established National Energy Services Company (National Esco), as part of the country’s economic diversity and environmental sustainability objectives.

The energy efficiency body, officially launched by sovereign wealth fund the Public Investment Fund (PIF) in October, is seeking collaboration with foreign partners to achieve the target, its chief executive Waled Al Ghreri told The National during a panel discussion at the Abu Dhabi Sustainability Week.

“We estimate that taking everything into consideration, the collected savings of this year will be around up to 40 GWh,” he said.

“We started six or seven months ago and we have 10 RFPs [request for proposals] in the pipeline, so and here we’re talking about a combination of buildings very visible buildings. We’re putting together a set of projects that will not only attract escos [energy efficiency companies] but also have the clients - government entities - to adopt these projects.”

Saudi Arabia, the world’s largest exporter of oil consumes three times more energy per capita than the world average, according to the United Nations Development Programme, using up 6.5 tonnes of oil equivalent (toe) per capita in 2011, compared with the global average of 1.9 toe.

National Esco, which was launched with a capitalisation of 1.9 billion riyals (Dh1.86bn), has been given responsibility for energy efficiency measures at schools, mosques, and all public buildings occupying 30,000 square metres or more of floor space. All government entities are obliged to work with the body to implement energy efficiency measures.

 

Source : https://www.thenational.ae/business/energy/saudi-arabia-targets-energy-efficiencies-of-40gw-hours-in-2018-1.697110

Smart Grid Bulletin August 2018


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