This RuSEFF client is a large company specialising in the production of pizza, dumplings and other food products. It has been in business for twenty years, however the increasing energy bills caused by the electricity tariff increase and the rising level of energy consumption could significantly affect the competitiveness of the company.
The company decided to invest in infrastructure modernisation and asked its servicing bank for a loan. Since it was the RuSEFF participating bank and it was interested in building up a long-term relationship with the client, the bank suggested it use the RuSEFF advisory services for development of the best project solution, leading to the highest energy savings.
After assessing the company’s production facilities and energy consumption, the RuSEFF team suggested potential energy saving measures and presented their technical-financial parameters and profitability to the client. It was suggested to replace the electricity fed frying pans, stoves and ovens with those consuming gas, which are more energy efficient.
The final project consisted of replacement of cooking ovens, modernisation of refrigerating chambers, replacement of the old lighting system and installation of a mini-CHP.
The investment of RUB45 million allowed the company to decrease its energy consumption by a substantial 8,150 MWh per year, resulting in annual cost savings of RUB17 million. This means that the investment will be repaid from energy savings in less than three years. The company will feel the benefits of this measure immediately through the lower energy bill.
This project improved the company’s financial standing and competitiveness in the market, securing its future in the face of rising energy prices.