Page 10 - Al Tijarah - June 2021
P. 10

Kingston Holdings and Envirofina ink MoU

                     to collaborate on green and renewable


       50                                  energy ventures

       SHARJAH ACTIVITIES
         Kingston Holdings, the  leading electrical
         products  manufacturer  in  Asia based
         in Sharjah SAIF Zone, has signed a
         memorandum of understanding (MoU)
         with Envirofina Power Systems, operating
         in Dubai specializing in the development,
         supply  and operation of iugis  company
         renewable  energy  solutions,  the
         memorandum requires Kingston to be the
         exclusive lighting supplier for all Envirofina
         energy efficiency projects.

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


         The  MoU stipulates  that Kingston
         Holdings will carry out energy efficiency
         solutions for  all Envirofina  buildings and
         facilities, including 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, which will help improve
         productivity and achieve energy savings in
         Heating, ventilation, and air conditioning
         (HVAC) systems by 20 – 40 % and 50 –
         90 % in lighting systems.

         Lalu Samuel said: “Through this
         collaboration with Envirofina, we strive
         to achieve qualitative integration as part   priorities."            returns  on  investment. He added  that
         of  our  shared concern  to  contribute  to                          cooperation  with Envirofina,  one  of  the
         strengthening the UAE's global leadership   He pointed out that the memorandum   leading clean energy companies regionally
         in renewable and green energy projects   will pave the way to provide tremendous   is a qualitative addition to kingston's
         by employing the latest  clean energy   potential in the areas of energy efficiency   customer base, which includes the largest
         technology as a key pillar of sustainability   and reduce the carbon footprint in order   government and private institutions in the
         that the  UAE is at the  forefront of its   to reduce cost and achieve  the highest   UAE and the region.
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