Farnek secures ESCO accreditation
Date: 11-04-2017

UAE-based total facilities management company Farnek, has been officially accredited as an approved Energy Services Company (ESCO) by Dubai’s Regulatory Supervisory Bureau (RSB). The scheme was set up to give building owners, developers and managers added confidence when contracting ESCOs. Now they can be secure in the knowledge that the accredited companies have the necessary qualified management and staff and are on a sound financial footing. And in addition, specific to Farnek’s case - a successful track record of consulting on many energy saving projects throughout Dubai.

The decision to approve Farnek was made by an accreditation board which assessed them according to set criteria, such as experience, capabilities, financial strength, HSE and equipment. “This is official recognition that we are fully equipped to identify, design, deliver and finance energy reduction for building owners and developers as we believe this creates more costeffective buildings and a healthier environment,” said Markus Oberlin, CEO.

Members of the accreditation board come from the RSB and from Etihad Energy Services, which was established to fulfil the role of ‘super-ESCO’ in Dubai, to implement a city-wide strategic buildings energy efficiency programme, with tangible social, environmental and economic benefits. The ESCO accreditation scheme is an initiative of the RSB intended to encourage the development of a flourishing energy services sector, after the Dubai Integrated Energy Strategy 2030 set ambitious targets to improve energy efficiency by 30 per cent in the emirate by 2030.
 
This is supported by a demand side management (DSM) strategy which is overseen by the Dubai Supreme Council
of Energy. The DSM strategy found that the retrofitting of existing buildings would be integral to mission if its energy
efficiency targets were to be achieved and the delivery of retrofit activity requires an energy services market with
sufficient capability and capacity.