It has entered into a consultancy services agreement with Dubai based Palm Utilities to provide CRM and billing implementation services for the company's planned projects amounting to 1.5 million tonnes worth of development.
Mr. Saeed Khoory, ENOC Group CEO on the new partnership said: "We are thrilled to partner with Palm Utilities. This agreement not only provides LETS with a strong foothold in a rapidly expanding services sector, but we are also helping Palm Utilities to implement cost-effective air cooling methods for residential and commercial developments in the region."
According to the agreement, LETS will provide implementation services for Palm Utilities' Oracle Customer Care & Billing Systems as well as its two subsidiary companies, Palm Water and Palm District Cooling (PDC). The contract will cover implementation, training, documentation, integration, reports & printing solutions and cash point installations to successfully deliver CRM & Billing projects as well as to assist Palm Utilities to achieve their business objectives.
Upon signing the recent deal with ENOC's subsidiary, Mr Keith Levers, Chief Operating Officer, Palm Utilities commented: "District cooling is increasingly being accepted as the way forward with the mounting cost of energy and prevailing environmental concerns. We chose LETS to provide state-of-the-art technology solutions based on their experience in implementing similar projects in the region. We are confident that LETS will complement the efforts of Palm Utilities to emerge as the preferred utility services provider for the future."
Palm Utilities has five plants in operation and its order book comprises 14 new projects, serving various prestigious developments in Dubai including the iconic Palm Islands. With the pace of planned development in the UAE, district cooling will require a capital investment of around Dhs45bn over the next 10 years providing a total capacity of about 10 million tones.
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ENOC partners with Palm Utilities
- United Arab Emirates: Saturday, January 05 - 2008 at 11:45
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ENOC's subsidiary, Leading Edge Technology Services (LETS) is now part of one of the most promising and futuristic utility services project in the UAE.
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Posted by Medilyn Manibo, Assistant News EditorSaturday, January 05 - 2008 at 11:45 UAE local time (GMT+4)
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About ENOC
Established in 1993 as a wholly-owned company of the Government of Dubai, ENOC aims to promote the interests of its shareholders through the development of further downstream and upstream activities in the oil and gas sector and beyond and to encourage the economic diversification of Dubai and the rest of the UAE.
ENOC actively participates in an increasingly broad range of business ventures. Its joint ventures with major international companies allow partners to pool their technology, know-how and expertise along with their resources to further their commercial success.
Since its inception, ENOC has been guided by its philosophy of quality and professional management based on modern business concepts for commercial success and sustainable growth. Today it is poised to engineer a new and challenging period of growth and diversity.
ENOC's mission is to be the reliable Energy Partner of Choice in each sector in which it operates.
About Palm Utilities
Palm Utilities was established by Istithmar PJSC in January 2007 as the holding company of Palm District Cooling (PDC) and Palm Water (PW). Palm Utilities provides direction and strategy for its business units aiming to centralise common activities and allow existing business divisions of PDC and PW to focus on their core activities.
PDC was established in 2004 and is now the World's leading District Cooling Utility Company cooling more area of property than any other DC provider. PW was established in 2005 and provides utility services including potable water, polished water and waste water systems.
Palm Utilities provides utility services on prestigious developments within the UAE and is planning to expand within the region and beyond. It specializes in providing utility services under arrangements' that include a Design Build Own Operate (BOO), Design Build Operate and Transfer (BOT) as well as Joint Venture / partnerships.
Palm Utilities mission is to provide the highest quality service in producing and distributing a range of utility services in an efficient, cost effective and environmentally friendly manner. We will be customer focused and professional towards the people we serve and innovative and safety conscious in the development of the service we provide.
For further information, please contact:
Sonia Larsen / Kim Pinto
ASDA'A Public Relations, Exclusive Affiliate of Edelman PR Worldwide in Middle East and North Africa
Dubai, UAE
Tel: +971-4-3344550
Fax: +971-4-3344556
Established in 1993 as a wholly-owned company of the Government of Dubai, ENOC aims to promote the interests of its shareholders through the development of further downstream and upstream activities in the oil and gas sector and beyond and to encourage the economic diversification of Dubai and the rest of the UAE.
ENOC actively participates in an increasingly broad range of business ventures. Its joint ventures with major international companies allow partners to pool their technology, know-how and expertise along with their resources to further their commercial success.
Since its inception, ENOC has been guided by its philosophy of quality and professional management based on modern business concepts for commercial success and sustainable growth. Today it is poised to engineer a new and challenging period of growth and diversity.
ENOC's mission is to be the reliable Energy Partner of Choice in each sector in which it operates.
About Palm Utilities
Palm Utilities was established by Istithmar PJSC in January 2007 as the holding company of Palm District Cooling (PDC) and Palm Water (PW). Palm Utilities provides direction and strategy for its business units aiming to centralise common activities and allow existing business divisions of PDC and PW to focus on their core activities.
PDC was established in 2004 and is now the World's leading District Cooling Utility Company cooling more area of property than any other DC provider. PW was established in 2005 and provides utility services including potable water, polished water and waste water systems.
Palm Utilities provides utility services on prestigious developments within the UAE and is planning to expand within the region and beyond. It specializes in providing utility services under arrangements' that include a Design Build Own Operate (BOO), Design Build Operate and Transfer (BOT) as well as Joint Venture / partnerships.
Palm Utilities mission is to provide the highest quality service in producing and distributing a range of utility services in an efficient, cost effective and environmentally friendly manner. We will be customer focused and professional towards the people we serve and innovative and safety conscious in the development of the service we provide.
For further information, please contact:
Sonia Larsen / Kim Pinto
ASDA'A Public Relations, Exclusive Affiliate of Edelman PR Worldwide in Middle East and North Africa
Dubai, UAE
Tel: +971-4-3344550
Fax: +971-4-3344556
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