Grain processing company replaces mills and equipment to save $900,000 per year
UMAS grain processing company is one of the biggest businesses in Western Ukraine, whic offers processing, storage and supply of flour, grain and macaroni of high quality. With the head office in the small and picturesque town of Kolomyya, near the Carpathian Mountains, it provides jobs to hundreds of people in the region.
UMAS applied for UKEEP financing to replace the old inefficient mills and grain elevators. The project aimed to reduce energy costs and increase the production capacity.
The UKEEP team assisted the company with analysis of the proposed technology and its financial-technical parameters and risks.
The $4.1 million investment led to the annual savings of gas and electricity for the total amount of $900,000 per year. Investment will repay itself from energy savings in less than five years, improving the company’s financial standing for years to come.
Given the steadily increasing energy prices, the investment allowed UMAS to stay competitive within the vital food sector, maintain employment and pay taxes in the region.
The EBRD through UKEEP supports the sustainable financing of energy efficiency and renewable energy measures by the private sector. Together, the private, public and residential sectors can make a change in the energy consumption patterns and contribute to the environmental protection.