(ENVIRO) Israel To Make Public Buildings More Energy Efficient – At No Cost To The Taxpayer

"The Israeli government has awarded a tender for improving energy efficiency in public buildings by over 30% – without spending a shekel of taxpayer’s money. Under the tender’s Energy Saving Sharing plan, EHS Tech will bear all of the costs of acquiring and installing new lighting systems and other equipment, and the company will receive 70% of the anticipated savings in energy costs during the first seven years.

EHS Tech, which was recently acquired by the Acro Group for NIS 15 million, will install energy-saving systems at the Finance Ministry, Supreme Court and several district courts, and at a youth village in the Negev.

According to a report in the Globes business newspaper: 'The existing lighting systems will be replaced by smart lighting that dims automatically according to the amount of natural light in the buildings and turns itself off if the last one out forgets to turn off the switch.' In addition, advanced climate control components will be installed to improve the energy efficiency of central air-conditioning systems.

Under the terms of the tender, the government will retain 100% of the equipment and energy savings after sharing these savings (70/30) during the first seven years." (source)