Company invests in a new furnace to save on annual energy costs
AMB Alloys Ltd, located in the industrial city of Rustavi, is a producer and supplier of various types of ferroalloys.
Due to the high demand for silicomanganese, ferromanganese, ferrosilicon and other ferroalloys in nearby countries, the founding partners of AMB Alloys decided to build a ferroalloy plant. The project required a large investment, however the company was determined to pay it back in a relatively short amount of time.
AMB Alloys applied for GEFF financing through a partner financial institution and requested a free technical assessment of their future project. The GEFF team in Georgia performed project analyses and assessed the potential for energy savings, as well as the financial-technical parameters and risks.
The €842,000 investment allows the company to reduce its energy consumption by 4,379 MWh per year, which translates into annual savings of €210,985. This helps the company achieve its goal and will repay the investment out of energy savings in just four years.
The new ferroalloy furnace will also mean a reduction in CO2 emissions by 1,751 tonnes per year, reducing the negative impact of human activity on the environment.