Zara CPLP

completed

Zara Investment Holding Company Limited (“Zara” or the “Company”) is one of the largest, domestically owned, tourism companies in Jordan with a 29% share of the country’s 5-star market by room inventory. Zara intends to implement cleaner production initiatives across its various properties that include the installation of energy efficient lights, optimal operation of Heating Ventilation and Air Conditioning and Building Management Systems, installation of solar water heaters for pools and air conditioning chiller control automation system. More detailed break-down is : - $1.1 million for conducting energy audit and implementing energy efficiency measures at five of its properties; - $0.8 million for installation of solar panels for pool heating at Movenpick Tala Bay hotel; and, - $0.3 million for installing computer based software for optimizing operations of water chillers at Movenpick Dead Sea and Aqaba; and, - $0.2 million for solar panels at Dead Sea for the installation of solar panels to heat the water for the rooms (the “Project”).