The investor is a Mongolian company operating in different sectors. In particular, the company owns and manages a number of well-known restaurants in Ulaanbaatar, provides catering and different food services, and furthermore has dedicated branches for construction and agricultural activities.
For its restaurant and catering businesses, the company has to have suitable volumes of fresh produce stored in the vicinity of the restaurant and catering businesses. The company identified improvement potential with regards to its warehousing.
With the aim of improving product quality and reducing food wastage, the company decided to invest in a new warehousing complex for its meat and vegetable storage, which would serve all restaurants and catering facilities in the group. The new warehousing complex was constructed on a 2.5 hectares land plot on the perimeter of Ulaanbaatar. The project presented significant advantages in terms of energy efficiency. The high levels of energy efficiency and carbon emission reductions achieved were a result of the introduction of multiple measures, including highly efficient systems like cooling, freezing, heating, ventilation, thermal insulation, and lighting.
The investment was financed through a US$ 1.176 million loan.
This project was financed and implemented under EBRD’s MonSEFF facility. MonSEFF is a predecessor of the Green Economy Financing Facility (GEFF) Mongolia. GEFF Mongolia was developed by the European Bank for Reconstruction and Development (EBRD) and is supported by the Green Climate Fund and the Japan-EBRD Cooperation Fund.