Movenpick Goes Solar as Zara Investment Properties Save on Cost and Become Environmentally Friendly

Published May 16th, 2010 - 08:50 GMT

Zara Investment (Holding) Company (Zara) aggressively goes green and lowers operating costs with two planned large scale solar hot water solutions in its 5-star Movenpick Resort & Spa Dead Sea and Movenpick Resort Tala Bay - Aqaba.  This puts Zara on the map to have two properties adopting such large scale solar solutions, including the chain hotels and resorts in the Gulf Cooperation Countries (GCC), and an emerging leader in Green Hospitality in the MENA region. These two projects are part of Zara’s initiative to embark on key strategic clean production projects aimed at improving its operating efficiencies, while safeguarding the environment in which it operates.
The two turnkey solar systems, which will be designed and installed by Millennium Energy Industries (MEI), a regional leader in practical solar solutions, will supply both facilities with a total of 90,000 liters of hot water daily, in summer and winter, to satisfy a significant portion of the hot water consumption of over 800 rooms in both hotels while saving 1100 MWH of energy per year approximately. MEI will use a specially designed and engineered flat plate collector manufactured in Europe to suit the GCC and Middle East region’s desert and maritime conditions.
The planned solar systems, which will be integrated with the existing boilers for backup when solar energy is insufficient, will cover an area of 1,000 m² in Movenpick Tala Bay - Aqaba and 700 m² in Movenpick Dead Sea. The payback period is expected to be less than four years, and the life span of the system of approximately 25 years. 
“Solar energy will help our facilities save on operating cost by using free available solar energy for our significant water heating needs,” said Ahmad Jamjoum, CFO of Zara Investment in Jordan, Mr. Jamjoum continued, “we looked at similar projects that Millennium executed across the region, and we are impressed with Millennium’s track record in large scale solar solutions and the actual savings realized by the clients of Millennium”
On his part, Mr. Ennis Rimawi, Chairman of Millennium Energy Industries said: “Zara and their Movenpick properties went through a rigorous process to assess their options; we are excited they decided to move forward for the benefit of their clients and the environment.  Every day that passes is a lost opportunity for practical savings with solar heating. This system greatly reduces carbon emissions, as the region and the GCC in particular suffers from having highest emissions per capita in the world.”
About Millennium Energy Industries
MEI was founded in 2002 by a shared vision between scientific and business minded pioneers with the objective of serving the solar energy needs of the region utilizing best in class proven technology for practical solar thermal heating, cooling, and power.  Today, MEI is an international company, based operating in the Arab MENA region, with over 200 reference solar projects in more than ten countries.  This includes being awarded the largest district solar hot water project globally, 17MW in Riyadh, Saudi Arabia.  MEI is majority owned by Catalyst Private Equity, an Arab MENA region cleantech and energy efficiency fund.  MEI’s core products and services include solar applications for residential, commercial and industrial clients.  MEI has offices in Abu Dhabi, Beirut, Amman, Ramallah, and Riyadh; and active opportunities or projects in Egypt, Libya, Qatar, and Oman

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