The National Energy Services Company (Tarshid), through one of its subsidiaries, signs a Memorandum of Understanding (MoU) with Panda Retail Company to increase energy efficiency in Panda Retail Company’s buildings and facilities. The MoU aims to create opportunities to improve energy efficiency and launch innovative initiatives to reduce energy consumption and harmful emissions, and promote sustainability. This collaboration supports the objectives of the Saudi Green Initiative and Saudi Vision 2030 through increasing energy efficiency and finding more sustainable solutions in all buildings and facilities in the Kingdom.
Under this MoU, (Tarshid ) will conduct field surveys and technical studies of the targeted Panda Retail Company’s buildings and facilities and propose the best solutions to improve energy efficiency and reduce energy consumption in the buildings and facilities within the scope of the project. It is worth noting that (Tarshid) works on retrofitting buildings and facilities to increase energy efficiency and enhance sustainability in the government and commercial sectors. Panda Retail Company stands out as one of its key retail sector projects, aiming to encourage the commercial sector to adopt practices that enhance environmental sustainability and conserve resources.
Commenting on this, Waled Abdullah Al-Ghreri, Board Member and CEO of Tarshid, stated: "Through our partnership with Panda Retail Company, we aim to enable commercial establishments to increase energy efficiency and operational efficiency, thereby achieving sustainable savings. We look forward to strengthening cooperation in the field of energy efficiency and sustainability, making Panda a model to follow in the retail sector.”
Dr. Bander Hamooh, Panda Retail Company CEO, stated: “The MoU signing with Tarshid is a strategic step toward a more efficient and sustainable operating model, reinforcing our commitment to energy efficiency, harmful emissions reduction, and long-term business sustainability.”
It is worth noting that (Tarshid) is a national company owned by the Public Investment Fund (PIF), focuses on supporting the energy sector and advancing sustainability by integrating energy efficiency, operational efficiency and clean energy solutions. These efforts align with the strategic sustainability objectives of Saudi Vision 2030, while contributing to the growth of the energy efficiency industry.
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