The investment resulted in an annual profit increase of $188,179, resulting in a 3.5 yr. payback period.
Nafady Radiology Center is a private medical diagnostic and imaging center located in Asyut, Egypt. It provides radiology services to patients using different imaging techniques including ultrasound, X-ray, MRI, CT scans, etc.
To improve its diagnostic abilities and streamline operations, Nafady Radiology Centre invested in new energy-efficient MRI equipment from Siemens Healthcare.
The company applied for a $337,239 loan from the Egypt GVC Financing Facility to invest in the new MRI Scanner that would enhance their energy performance and reduce operational costs.
The investment led to a 37% reduction in energy use, saving 100 MWh/year and cutting greenhouse gas emissions by 50 tCO2e/year. It has also increased the center’s annual profits by $188,179 with a payback period of only 3.5 years.
The center has expanded its diagnostic capabilities by 10 scans per day on average and was able to create five permanent jobs (3 males and 2 females), contributing to local employment.
The Egypt GVC Financing Facility team evaluated the technical and financial feasibility of the project and provided advice on the best available technologies to enable the company to optimize energy efficiency and profitability.
The Egypt Green Value Chain Financing Facility was developed by the European Bank for Reconstruction and Development (EBRD) and is financially supported by the Green Climate Fund (GCF), the European Union (EU) and the EBRD Shareholder Special Fund (SSF).
The Sub-borrowers receive an investment incentive for successful project implementation, provided by a grant from the EU.
Supported by:
