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enroru

Moldovan carpet producer achieves energy savings

Investor
Covoare-Ungheni
Location
Ungheni, Moldova
Investment
Burner replacement, Installation of power factor correction units, Waste water treatment rehabilitation
Investment Size
€212,300
Financial results
2 years
Energy savings
47% of energy consumption
CO2 savings
54% of CO2 emissions per year
Impact
To reduce the natural gas consumption, to decrease energy costs
Donor
(Русский) EU, BMF

A carpet producer invests in equipment and gains high energy costs savings

Covoare-Ungheni is the largest carpet producer in Moldova. With the production capacity of five million square meters per year, it supplies the products to Europe and the neighbouring countries.

To reduce its energy consumption and production costs, the company decided to invest in equipment modernization and addressed MoSEFF for financing.
The MoSEFF team supported the company with analysis of the proposed efficient technologies, potential areas for energy savings, their financial-technical parameters and profitability.
The project included the replacement of a burner in the boiler, rehabilitation of the waste water treatment unit, implementation of measures aimed at reduced electricity losses, and installation of power factor correction units.
The €212,300 investment allowed Covoare-Ungheni to decrease its energy consumption by 71 per cent, which resulted in substantial annual cost savings. This means the investment will be repaid out of the energy savings in slightly over two years, turning the future cash-flow in the company’s income for the years to follow. In addition, the company reduced its CO2 emissions by 54 per cent, making its input to mitigation of the negative effect of the human activity on climate.
This project demonstrates that energy savings are possible in all types of sectors and industries. Therefore, it is worth checking the energy saving potential when considering expansion investments. Very often, such investment may be the most profitable.