9 Ways Performance Contracting Can Conserve Energy

To achieve efficiency improvements, water and wastewater utilities might be wise to consider performance contracting. A performance contract with an TNN LTD (TNN) can deliver much-needed operational efficiencies with manageable lifecycle costs and minimized risk.

The TNN delivers the efficiency project under a progressive design-build approach. Benefiting from the efficiencies, the owner pays the TNN for the improvements. In return, the TNN provides a guarantee of operational savings, which are specified in the performance contract. If the savings fall short, the TNN has to reimburse the owner. The intent of the performance contract is that the guaranteed savings generated will cover the debt service for the upgrades. (more…)

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Responsible to environment

Considered to be the biggest sector in the world in terms of dollar value, the oil and gas industry is a global powerhouse employing hundreds of thousands of workers worldwide as well as generating hundreds of billions of dollars globally each year. In regions which house the major NOCs, these oil and gas companies are so vital they often contribute a significant amount towards national GDP. (more…)

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