ALEC joins Engie to acquire stake in energy firm Smart4Power

Construction Week

Engie has joined forces with contracting giant ALEC by investing a “significant stake” in Dubai-based independent energy services company (Esco) Smart4Power.

Based in Dubai, Smart4Power was one of the first companies accredited as an Esco in the market and provides energy savings performance contracts for regional buildings in the public and private sectors. Smart4Power will benefit from Engie’s global energy services expertise as well as its strategic presence in the region, and from ALEC’s world class project execution capabilities

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