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First Clinton Climate Initiative Project Signed With Johnson Controls
Largest Mall in Mumbai, India to Benefit from Energy Efficiency Building Retrofit Program
MILWAUKEE, WI – (February 18, 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) 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.”
About K Raheja Corp
K Raheja Corp was founded in Mumbai in 1956 and has grown to become one of the largest real estate developers in India, with offices in Mumbai, Hyderabad, Bangalore, Pune and Chennai. The company has particular expertise in commercial, residential, shopping centers, malls and hotels. Amidst growing concern over global warming and climatic change affecting the environment, K Raheja Corp has chosen to be at the forefront of the voluntary environmental responsibility movement, paving the way for others to follow. For more information, please visit www.krahejacorp.com/.
About Johnson Controls
Johnson Controls (NYSE: JCI) is the global leader that brings ingenuity to the places where people live, work and travel. By integrating technologies, products and services, we create smart environments that redefine the relationships between people and their surroundings. Our team of 140,000 employees creates a more comfortable, safe and sustainable world through our products and services for more than 200 million vehicles, 12 million homes and one million commercial buildings. Our commitment to sustainability drives our environmental stewardship, good corporate citizenship in our workplaces and communities, and the products and services we provide to customers. For additional information, please visit http://www.johnsoncontrols.com/.
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