Energy independence through renewable energy

JSC Graali-92 has been successfully operating in the industrial and civil metal construction market in Georgia since 1936. The company designs, produces, delivers and installs metal structures, such as bridges, building frames, industrial rooftops and various types of masts. JSC Graali-92 operates throughout the Caucasus region. 

The company prides itself on the quality of its products and the ability to execute any project regardless of complexity. It employs highly trained professionals and uses modern technologies in order to stay ahead of the competition. In order to maintain its leading position, the company decided to invest in a solar PV system that would generate almost 100% of its electricity consumption needs. 

To finance the investment, JSC Graali-92 applied for GEFF financing through one of the Partner Financial Institutions. GEFF experts analysed the financial and technical parameters of the project and calculated the benefits the company would achieve by generating its own electricity. 

The investment of US$ 400,000 will allow the company to save up to 643 MWh of energy each year, which amounts to around US$ 65,000 annually. Additionally, generating power from solar energy would lessen the negative impact on the environment, by avoiding CO₂ emissions of 258 tonnes per year. 

The JSC Graali-92 case illustrates how striving for innovation can not only be better for business by reducing operational costs and helping to maintain a leading market position, but it can also be better for the environment. 

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