Building a better future

Angelteri, a young up-and-coming company, is determined to contribute to the development of the tourism industry in Zugdidi by building an energy-efficient hotel.

From the start of the project, the company paid close attention to the topic of sustainability. The hotel’s management aims for their operations to have as little impact on the environment as possible. Therefore, energy-efficient measures were considered and it was decided that the 31-room hotel would be powered using renewable energy sources.

To meet these requirements, Angelteri applied for GEFF financing through one of the programme’s partner financial institutions. A team of GEFF experts performed a technical and financial analysis of the project. Among other things, GEFF consultants calculated expected energy and potential CO₂ savings.

As a result of the US$ 166,968 investment, the new hotel in Zugdidi will be able to save up to 299.2 MWh per year, which amounts to US$ 8,474 in energy bills. Thanks to energy-efficient technologies, such as heating, cooling and lighting systems, the building will have a lower carbon footprint and emit 58.28 tonnes less CO₂ per year.

With the world facing the problem of climate change, projects like these are vital to decreasing carbon emissions in the building industry, which account for 39% of the world’s energy-related CO₂ emissions. Angelteri Ltd is a good example of how building-owners can take an active role in creating healthy and comfortable environments for work, life and play.

The project is supported by the Green Climate Fund (GCF) and the Austrian Federal Ministry of Finance (BMF).