Serbian Company Expands Business while Reducing GHG Emissions

The company was established in 1997 in Belgrade, Serbia and provides geotechnical and hydrotechnical excavation and construction services, such as constriction of pump stations, water and sewer networks and deep wells, to private and public sector clients undertaking large-scale construction works.

The company wanted to expand its business while reducing greenhouse gas emissions by procuring more modern and energy efficient hydraulic drilling equipment. The company approached UniCredit Leasing Serbia, a Partner Financial Institution of GEFF Serbia Leasing. The GEFF team assessed the potential of energy savings and financial-technical parameters of the project.

The leased hydraulic drilling equipment reduces CO₂ emissions by 87 tonnes per year, which is a nearly 40% reduction compared to the old equipment. This GEFF leasing investment also allowed the company to reduce primary energy consumption (diesel fuel) by 342 MWh per year, resulting in an annual energy savings of €55,000. The more modern drilling equipment financed also allows the company to finish excavation works more quickly with more precise positioning and expand business opportunities with increased depth of drilling.

The Green Economy Financing Facility Serbia Leasing (GEFF Serbia Leasing) was developed by the European Bank for Reconstruction and Development (EBRD) and is supported by the Green Climate Fund and the Government of Luxembourg.

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