The company is a well-known Russian toy manufacturing company that has gained recognition from multiple clients, both local and international.
The company was suffering from an unreliable energy supply and power black-outs. To solve the problem and reduce the energy costs, it contacted RuSEFF for an advisory package and affordable financing. The RuSEFF team assisted the company with an energy assessment of the production facilities, the potential energy saving measures, evaluation of their profitability and financial-technical parameters.
The suggested project comprised installation of an on-site co-generation plant to replace the unreliable energy supply. The company had sufficient gas capacity for this new CHP.
The €1.3 million investment allowed the company to reduce its annual energy consumption by a substantial 5,200 MWh, equal to annual cost savings of €360,000. This means the investment will be repaid from energy savings in less than four years. The company will feel the benefits of these measures immediately by enjoying the uninterrupted heat and electricity supply, improved working and operational conditions, as well as lower energy bills.
In addition, the company reduced the greenhouse emissions by 650 tonnes per year, making a valuable contribution to improving the local and global environment.
This project demonstrates that energy efficiency investments can be not only profitable, but also ensure security of energy supply. This project improved the company’s energy independence, revenues and competitiveness on the market.
The EBRD, through RuSEFF, supports the implementation of energy efficiency and renewable energy projects by the private sector. Together, the private, residential and public sectors can make a change in energy consumption patterns and contribute to environmental protection.