Feb 20 2008
K Raheja Corp, one of the largest developers in the realty and construction industry in India, has signed the first ever Project Development Agreement (PDA) under the Clinton Climate Initiative's (CCI) Energy Efficiency Building Retrofit Program. Under the agreement, Johnson Controls will perform energy efficiency retrofits in the Inorbit Mall, the largest mall in Mumbai. The project will reduce greenhouse gas emissions by improving the energy infrastructure at the mall while reducing energy costs and operational expenses. CCI brings together energy service companies, the world's largest banks, and some of the world's largest cities in a program designed to reduce energy consumption in existing buildings.
K Raheja Corp recognized the benefits of the Performance Contracting model promoted by the Clinton Climate Initiative and chose to work with Johnson Controls based on the company's strong global track record and local presence in India. Under the Performance Contracting model, Johnson Controls will make energy upgrades and other improvements that will be paid back over time through energy savings. K Raheja Corp has had a strong commitment to green buildings and environmental responsibility for several years. In 2007, the K Raheja Corp pledged to design future projects to conform to the Leadership in Energy and Environmental Design (LEED(R)) Green Building Rating System.
"Johnson Controls is pleased to be working with such an innovative and progressive company in India," said Clay Nesler, vice president of global energy and sustainability for Johnson Controls. "We are especially proud that this agreement represents the first project in the world to be signed as part of the Clinton Climate Initiative."