Abu Dhabi announces Phase 2 of the Noor street lighting project ...United Arab Emirates

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Abu Dhabi announces Phase 2 of the Noor street lighting project
Abu Dhabi’s Department of Municipalities and Transport (DMT) has announced Phase 2 of the Noor Abu Dhabi street lighting project. The public private partnership (PPP) project will be executed through the Abu Dhabi City Municipality and the Abu Dhabi Investment Office (ADIO). The size of the project is more than three times that of Phase 1 and will result in significant electricity savings of almost 2,400 million kWh and a reduction of approximately 76% in power consumption, according to the ADIO. This is equivalent to cost savings of $191 million, throughout the 12-year concession agreement. Phase 2 follows the commercial closure of the Phase 1 tender, the first PPP project of its kind in th

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