Pharmaceutical supplier investing in efficient heating, Bulgaria
Investor
Pharmaceutical products supplier
Location
Bulgaria
Investment
To change the boiler station to gas,, to install two new steam boilers and to replace the steam pipe
Investment Size
€184,317
Financial results
Payback period of 1.7 years; IRR of 80%
Impact
Reduced costs and replacement of worn out equipment
A pharmaceutical company in Bulgaria planned to decrease its energy consumption to reduce its production costs and stay competitive on the market.
In line with the set objective, the company addressed BEECIFF for a loan for such investment measures.
The project included thermal insulation of the walls and roof, replacement of existing wooden frames with the PVC, a change in the heating system from electricity to natural gas with installation of a new gas boiler and replacement of lighting with energy efficient bulbs.
The company benefitted from the BEECIFF’s pre-approved high performance technologies in the online Technology Selector. The listed technologies meet high energy efficiency standards and help the borrowers with the choice of necessary equipment and materials and smooth project implementation.
The €184,317 investment allowed the company to significantly reduce its energy, operational and maintenance costs. The investment can be repaid out of savings in less than two years, turning the future cash-flows into income for the company.
This project proves once again that investments in sustainable energy solutions are very profitable and may also lead to other benefits, such as increased quality and quantity of production, improved environment and working conditions, more efficient processes and an improved company image.