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Reliable quality in Armenian construction

Investor
Spectekh LLC
Location
Yerevan, Armenia
Investment
Hydraulic excavator
Investment Size
US$ 163,000
Financial results
Payback in 6 years
Energy savings
336 MWh per year
CO2 savings
94 tonnes per year
Impact
Higher quality service; increased cost-efficiency
Donor
GCF, CIF

The high-performance excavator makes the rental services more sustainable and profitable

Spectekh LLC was established in 2018 with the aim of delivering quality construction equipment rental services to the fast-developing real estate development sector.

For a construction equipment rental service company, what matters most is the timely, accurate and quality delivery of agreed services as an outsource partner. High-performance equipment, which is available for leasing through GEFF’s partner financial institutions, covers the principal need for performance and fuel efficiency with the lowest possible maintenance costs and sets a new standard for productivity and operational profitability for the company.

The CAT 330 series hydraulic excavator meets the industry’s highest standards. It has an increased operating efficiency of up to 45%, fuel efficiency improvements of up to 20%, and around 20% lower maintenance costs, all of which allow Spectekh to make savings of 336 MWh diesel energy annually. The US$ 163,000 investment has a payback period of just 6 years, bringing in more satisfied clients and contributing to a reduction of 94 tonnes of CO2 on an annual basis.

“The newly leased hydraulic excavator moves 20% more load with the same amount of fuel. That means we gain the equivalent of an extra 4½ weeks’ worth of operating time every year. This gives us a competitive edge, and we will consider investing in additional high-performance equipment,” says Mikhail Blokhin, Director of the company.

This project was supported by the Green Climate Fund (GCF) and Climate Investment Funds (CIF).

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