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The investor is a Mongolian producer of various meat-based products, located in Ulaanbaatar. The company’s product portfolio includes more than 40 different type pf sausages, hams and other meat products.
To substantially upgrade its production facilities and thereby improve product quality and brand competitiveness, the company invested in a new production facility.
The investment was partially financed through a US$ 573,910 loan, from the EBRD’s sustainable energy credit line. The items financed by this loan included equipment required for cooling, freezing, heating as well as thermal insulation of the building. Financed equipment also included Photovoltaic panels. With the introduction of this renewable energy component, the company now requires less energy from the national grid.
Apart from a reduction in energy consumption and an increase in product quality, significant additional benefits were achieved in the indoor climate conditions as well as in a reduction in wastage of raw materials.
This project was financed and implemented under EBRD’s MonSEFF facility. MonSEFF is a predecessor of the Green Economy Financing Facility (GEFF) Mongolia. GEFF Mongolia was developed by the European Bank for Reconstruction and Development (EBRD) and is supported by the Green Climate Fund and the Japan-EBRD Cooperation Fund.