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| GA DOC Saving Energy, Saving Money |
| By marketwatch.com |
| Published: 10/22/2010 |
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ATLANTA, Oct 22, 2010 (BUSINESS WIRE) -- SERVIDYNE, INC. /quotes/comstock/15*!serv/quotes/nls/serv (SERV 3.42, +0.90, +35.71%) , an energy efficiency and demand response company, announced today that it is starting work on an approximately $5.8 million design-build retro-commissioning (RCx) project for the Georgia Department of Corrections (GDC), under a contract with the Georgia Environmental Finance Authority (GEFA). The project is the second largest of the 135 energy efficiency projects being coordinated by GEFA as a result of the State's receipt of $63.1 million through the American Recovery and Reinvestment Act (ARRA). Upon its completion, the State estimates that this RCx project will save Georgia's taxpayers more than $2 million a year in avoided energy costs. Servidyne's engineers will immediately commence the process of auditing more than 170 buildings at 60 GDC locations in order to identify and prioritize the energy savings opportunities that can be achieved through retro-commissioning. Servidyne will then perform the energy savings work at the approximately 5.64 million square feet of GDC facilities over the next 12 to 15 months, with the assistance of local contractors and other small businesses. "Servidyne was awarded this project in August, as we reported in our recent SEC Form 10-Q Quarterly Report, and it represents a significant contract for our Company on many levels," noted Alan R. Abrams, Servidyne's Chairman and CEO. "First and foremost, it is a great honor and opportunity, and we are pleased to have been selected by GEFA based on our corporate experience and expertise. It also is an important and ambitious endeavor for our home state, and we believe it represents one of the nation's largest retro-commissioning projects currently underway. This energy savings project will employ dozens of contractors, and should benefit a number of small business owners throughout the State." Read More. |
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