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Decreasing energy costs and increasing margins through green investment
The clinic, established in the 1990s in an old hospital near the centre of Tbilisi, had the capacity of 30 beds and offered mainly services within cosmetic surgery and general pathology.
The infrastructure of the building was very poor consisting of bad lighting, no ventilation, no gas supply, no thermal insulation, partial heating with electric elements or split units.
The company decided to expand the capacity to 90 beds and improve the building’s comfort, standards and energy consumption. Therefore, it addressed the Facility for financing.
The project team performed the Energy Audit of the building to identify key areas for energy efficiency measures and analysed the project financial-technical parameters and risks.
As suggested by the Energy Audit experts, the project focused on the installation of thermal insulation, efficient lighting with electronic ballast and windows with double glazing.
The $140,000 investment allowed the company to decrease its energy costs by $20,000 per year. This means the investment will repay itself out of energy savings in six and a half years, turning the future cash-flows into company income for years to come. The savings come from the reduction of gas and electricity consumption by 360 MWh per year, or 20 per cent of consumption. In addition, the company now has better control over the building’s performance and offers clients a significantly improved level of service and comfort.
This project allows the company not only to decrease its energy costs, but increase its margins by offering a much more attractive service to the clients. This is a good example of how investments in energy efficiency serve multiple objectives and lead to multiple benefits.