Enova Announces Ambitious Expansion with MOU Signing and New Leadership

19 May 2016

New Era for Leading Energy and Facilities Management Services Company.

Dubai: Enova, one of the region’s leading providers of multi-technical and energy management services, has announced a major expansion plan with the signing of an MOU between Enova's two shareholders: Veolia and Majid Al Futtaim Ventures. On the same day, Enova also revealed the appointment of its new CEO Anne Le Guennec, previously responsible for Veolia's Business Development in the Middle East.

The announcement marks a new era for Enova and affirms the success of the company's achievements to date including becoming the leading provider of energy management services in the region, with a total commitment of nearly 150 mAED in energy savings, and over 5,000 points connected to the innovative Energy Saving Center.

The agreement considerably extends Enova's business scope to include renewable energies such as solar projects and operations, and maintenance services relating to water, waste water, energy services, and waste management projects. Enova is also expanding its geographical scope to include Turkey, Africa, Kazakhstan, Tajikistan, Turkmenistan, Georgia, Armenia and Azerbaijan.

The signing of the agreement was attended by Antoine Frérot, CEO and Chairman of Veolia Group and Ahmed Galal Ismail, CEO of Majid Al Futtaim Ventures and Chairman of Enova, who also took the opportunity to welcome Anne Le Guennec as Enova's new CEO. With an international career at Veolia spanning 18 years, Anne has considerable experience in all facets of business development, technical and operational management, and is perfectly placed to lead Enova as it enters a new phase with an expanded geographical scope and business services.

With the Dubai Integrated Energy Strategy 2030 aiming to reduce the energy demand by 30% and diversify to include sustainable energy sources, Enova is best placed to help achieve this national goal. Having secured one of the world's biggest Energy Performance Contracts like the Jebel Ali Free Zone (JAFZA) deal - which aims to save 26GWh of electricity and 200 million IG of water per year equating to AED 132 million in guaranteed energy savings over 6 years - Enova's excellence sets a high standard for energy and facilities management services in the region.

Commenting on the news, Antoine Frérot, CEO and Chairman of Veolia Group said: "The signing of this agreement, combined with the new appointment of Anne Le Guennec demonstrates Enova's success to date.  It is fitting that we continue to build off of Veolia's expertise in collaboration with Enova's existing knowledge as we expand and take our services to more markets, and we are confident that the strong partnerships we have forged will continue to drive our future aspirations as we move forward into this new era."

Ahmed Galal Ismail, CEO of Majid Al Futtaim Ventures and Chairman of Enova said: "Enova has firmly positioned itself as a leading player in the region's growing energy and facilities management services sector, combining in-depth regional expertise with global best practices.  The company continues to play an important role in transforming the industry by educating stakeholders on the long-term cost and environmental benefits of greener and more economical energy solutions.  We look forward to bringing our knowledge, expertise and technical services to more customers and projects across the region, particularly those related to renewable energies."

Launched in 2002, Enova is a joint venture between Majid Al Futtaim Ventures and Veolia, a global leader in optimized resource management. Now servicing 1.5 million metres2 of retail space, 650,000 metres2 of residential space and managing over 3,000 hospitality suites, Enova has an impressive portfolio of integrated energy and facilities management services, spanning seven countries.