Hayah Healthcare, a private medical diagnostic and imaging center, specializes in providing radiology services to patients. The center offers various imaging techniques, including ultrasound, X-ray, MRI, CT scans, and more. Committed to excellence, Hayah Healthcare recognized the importance of improving energy efficiency and reducing operational expenditures.
Hayah Healthcare sought to enhance its energy performance and provide better services to an increasing number of patients. To achieve this, the center applied for a $614,035 (EGP 18,937,763) loan from Egypt GVC through QNB ALAHLI to invest in new, energy-efficient MRI equipment from Philips Healthcare. This MRI Scanner, represented a significant step towards improving diagnostic capabilities and operational efficiency.
The sub-project met all the requirements of the Egypt GVC Facility and aligned perfectly with the facility requirements. Hayah Healthcare applied for a EGP 3,000,000 ($97,272) loan, which was fully eligible for financing under the program. Furthermore, the center qualified for a 10% incentive, amounting to EGP 300,000 ($9,727).
The installation of the new energy-efficient MRI equipment brought Hayah Healthcare a number of advantages. Not only did it significantly improve energy efficiency, resulting in 35% energy savings, but it also reduced greenhouse gas emissions by 47 tCO2eq/year, considering the carbon footprint associated with the reduced helium blow-off.
Financially, the investment led to an annual profit increase of $232,631, achieving a payback period of just 2.5 years. Furthermore, the sub-project had a positive social impact, creating 5 male and 10 female job opportunities, contributing to local employment.
The Egypt GVC team evaluated the technical and financial feasibility of the project and provided advice on the best available technologies to enable the company to enhance energy efficiency and profitability.
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.
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