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Philips becomes the first lighting company in Dubai to be accredited as an Energy Service Company

April 13, 2015

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Dubai, UAE – Royal Philips (NYSE: PHG, AEX: PHIA), the global leader in lighting, is the first lighting company to receive accreditation as an Energy Service Company (ESCO) in Dubai. The ESCO accreditation scheme was developed by the Regulatory and Supervisory Bureau (RSB) to regulate the ESCO market and provide cities with a broad range of energy solutions from design and implementation of energy-savings projects, to retrofitting, energy conservation, managing power generation and energy supply and outsourcing energy infrastructure.

As part of the accreditation, Philips was awarded a lighting refurbishment project by Etihad-ESCO in January 2015 to install retrofit LED lighting within 262 municipal buildings owned by the Dubai Electricity and Water Authority (DEWA).

Philips will implement and maintain the lighting infrastructure for all DEWA buildings for a period of five years, with overall energy savings on the buildings’ electricity and water usage expected to reach 1.7 terawatt annually, equivalent to the energy consumed by 11,500 households[1]. This meets targets set by the ‘Green Economy for Sustainable Development’ and is aligned with Dubai’s Integrated Energy Strategy to reduce energy consumption by 30% by 2030.

“The Middle East is the second region after China where we have received accreditation as an ESCO which is a key milestone allowing us to enter and compete in a new domain of services,” said Rami Hajjar, General Manager of Philips Lighting Middle East & Africa. “Philips encourages the use of energy-efficient lighting through the introduction of the most innovative technologies in the lighting industry and these are now available to Dubai through the ESCO model.”

ESCO accreditation applicants need to provide sufficient evidence on the required energy auditing capabilities and tools to handle ESCO projects, as well as share reference projects, demonstrate financial strength and a strong presence in Dubai. Philips meets all required criteria decreed by the RSB and can now support Dubai’s vision to become an internationally-recognized energy-efficient city.

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For further information, please contact:

Jocelyne Riachi 
Philips Middle East & Africa
Tel: + 9714 446 1100

Sonia Afzal
Philips Lighting (Global)
Tel: +44 7950467773

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. Headquartered in the Netherlands, Philips posted 2014 sales of EUR 21.4 billion and employs approximately 105,000 employees with sales and services in more than 100 countries. The company is a leader in cardiac care, acute care and home healthcare, energy efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare. News from Philips is located at  .