Amana Waqf Funds Management Company launched on Monday its first solar power project to transform mosques into environment-friendly buildings using clean energy and utilising the surplus to generate more revenue for the Waqf establishment.
An agreement to this effect was signed by Amana with a medium-size enterprise specialised in the field.
The initiative comes as a strategic approach to open inroads by supplying endowment projects with solar power. The next step is to proceed with other enterprises that generate social and environmental benefits. The initiative figures among the strategic choices undertaken by Amana to fund socioeconomic quality projects that generate employment opportunities for Omani youth.
Eng Yousef bin Ali al Harthy, CEO of Amana, pointed out that the initiative fits with Oman Vision 2040 and the global green buildings trend.
The sultanate, with its year-round sunshine provides a great opportunity for sustainable solar projects, Eng Harthy added.
The Amana project revolutionises the concept of investment and energy production, said Eng Harthy.
“Besides transforming mos-ques into smart, green and self-funding buildings, the new project opens vistas for new types of Waqf generating revenue in a similar, but more sustainable manner than traditional Waqf projects.”
He pointed out that the project aims to cut energy consumption in prayer areas by 40 per cent. The shift to new sources of renewable energy is considered an important part of the sultanate’s ambitious plans to capitalise on clean energy.