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Helping a Moldovan laundry business become more competitive

Investor
Uniflora, a laundry company
Location
Ungheni, Moldova
Investment
€12,560
Investment Size
Roof rehabilitation and insulation; condensing boiler, solar system with thermal collectors
Financial results
Payback period of 3.5 years
Natural gas savings
57 % of natural gas savings
Electricity savings
97 % of electricity savings
CO2 savings
20 tonnes of CO2 per year (71%)

Unifloria is a fairly new company, well-known in the Moldovan town of Ungheni at the border with Romania. It provides laundry services to hospitals, kindergartens, schools, restaurants and other facilities of this 35 thousand inhabitant town.

Unifloria applied to MoSEFF for financing of the company’s building rehabilitation and replacement of the existing natural gas boiler with a condensing boiler, in order to improve the heating of the building.

The MoSEFF team assisted with analysis of the proposed technologies, in particular, the potential for energy savings, financial-technical parameters and profitability of the project. Uniflora was also advised to install a solar system for hot water production, which was earlier heated by electrical energy.

The €12,560 investment via MoSEFF generated a reduction of the natural gas consumption by 57 per cent and electricity consumption by 9 per cent. These energy savings allow the company to save sufficient costs to pay back the project in just three and a half years. The future cash-flows will become the company’s income in the subsequent years.

The EBRD through MoSEFF supports the implementation of sustainable energy projects in the private sector in Moldova. Together, the private, residential and public sectors can make a change in energy consumption patterns and contribute to environmental protection.

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