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Posted On: 02/28/2008

Largest mall in Mumbai signs on to Energy Efficiency Building Retrofit Program

PlantServices.com

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 (www.johnsoncontrols.com) 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.

Under the Performance Contracting model, Johnson Controls will make energy upgrades and other improvements that will be paid back over time through energy savings. In 2007, the K Raheja Corp pledged to design future projects to conform to the Leadership in Energy and Environmental Design (LEED) Green Building Rating System.

K Raheja Corp. (www.krahejacorp.com) was founded in Mumbai in 1956 and has grown to become one of the largest real estate developers in India.