April 11, 2021 real estate

Kingston, Envirofina in green, renewable energy collaboration

Kingston Holdings, an electrical products manufacturer based in Sharjah, said it has reached an agreement with leading global energy efficiency investment company Envirofina for joint collaboration on green and renewable energy ventures.

A key player in the region, Kingston Holdings is involved in manufacturing, regional distribution, third-party logistics, shipping, freight forwarding, headhunting, smart home solutions, and project development from its base in Sharjah International Airport Free Zone (SAIF Zone).

As per the deal, Kingston Holdings will be the exclusive lighting supplier for all joint venture projects of Envirofina, a part of the Iugis group of companies, headquartered in Dubai.

The MoU was signed at the Kingston headquarters by Lalu Samuel, Chairman & Managing Director, Kingston Holdings, and Marios Gkekas, CEO of Envirofina, in the presence of senior officials.

The MoU stipulates that Kingston Holdings will carry out energy efficiency solutions for all Envirofina buildings and facilities.

This includes providing multi-services solutions from lighting to ventilation and air-conditioning), offering engineering, procurement, and contracting (EPC) solutions to reduce energy consumption and operation and maintenance costs, and strengthening the safety and performance of buildings, said the statement.

This would help improve productivity and achieve energy savings in HVAC systems by 20 – 40 % and 50 – 90 % in lighting systems, it added.

On the strategic collaboration, Samuel said: 'It is part of the joint commitment to enhancing the global leading position of the UAE in the renewable and green energy ventures. This is achieved by making use of the cutting-edge technologies in the clean energy field which is a key pillar of sustainability pillars in the UAE.'

Samuel pointed out that the partnership unlocks an enormous potential in the areas of energy efficiency and reduction in carbon footprint.

'This collaboration with such a regional leader in the clean energy area is a qualitative addition to Kingston’s client base which is brimming with major government and private companies at the local and regional level,' he noted.

Kingston’s customer list includes; Dubai International Airport, Dubai Metro, Emaar Properties, Dubai Properties, Emirates airline, Dubai Electricity and Water Authority (DEWA), and Sharjah Electricity & Water Authority (Sewa), besides a strong presence in government projects in Qatar, Saudi Arabia, Kuwait, Oman, Bahrain, and India.

Gkekas pointed out that working with a large local manufacturer like Kingston Holdings to deliver quality products as part of its tailored energy efficiency programme was a great step 'as we look to find new ways to add value to our customers.

'In turn, we look forward to building our relationship with Kingston Holdings to identify additional opportunities to work together,' he added.


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