ENGIE hands over energy efficiency project to TARSHID

RIYADH, Saudi Arabia, 31 January 2022: ENGIE said it has handed over another major energy efficiency project to Saudi Arabia’s National Energy Services Company, TARSHID. Making the announcement through a Press release, ENGIE said that after concluding a detailed audit of the facilities with the Ministry of Foreign Affairs in Riyadh, it has successfully completed the implementation of six energy-saving measures, designed to reduce energy usage and guarantee energy efficiency of over 32%, equivalent to 5.6 GWh per year, for 10 years.

Turki Al Shehri

ENGIE said TARSHID awarded it the energy saving performance contract in late 2020. The handover took place in the summer of 2021, followed by certification of Energy Conservation Measurements, this week, the company said.

ENGIE said it brought its global experience in energy efficiency to provide innovative and cost-effective retrofit solutions to the Ministry of Foreign Affairs, supporting TARSHID’s mandate to develop, fund and manage impactful energy efficiency projects in government and commercial sectors that achieve significant energy savings for the Kingdom.

According to the company, energy-efficiency measures include the retrofitting of chilled water systems with cooling on demand; smart chiller plant management using advanced optimisation, diagnostic and analytics software; and installing controllers to schedule and optimise air-handling units and exhaust fans, based on cooling demand, building occupancy, and ambient conditions.

ENGIE said it will continue operating and maintaining the implemented energy savings solutions for 10 years, consistently monitoring and controlling the consumption through an advanced energy management platform. This marks the third project handover between ENGIE and TARSHID, following completion of energy efficiency initiatives with the Institute of Public Administration and Medical City King Saud University in the last year, the company said.

Waled Al Ghreri, CEO, TARSHID, said the completion of the project marks another significant milestone in its journey to develop the energy efficiency sector, and one of many projects executed through its collaborative partnership model with the private sector.

Turki Al Shehri, CEO, ENGIE KSA, said: “At ENGIE, we commend TARSHID for showcasing how innovative, low-cost solutions can deliver high-impact energy savings. As sustainability remains a top priority in the Kingdom, the role of the private sector is more important than ever in supporting the transition to a sustainable future. We are committed to the private-public partnership models, such as this one in place with TARSHID, recognizing the added value they can bring in terms of global expertise delivered to the local economy.”

According to ENGIE, the Project falls in line with Kingdom-wide goals to achieve significant energy savings and build a more sustainable future. ENGIE is a global leader in delivering sustainable energy management solutions that are design technology-enabled, data-driven and provide sustainable assets and energy optimisation to create long-term value.