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 the loan for such investment measures.
The project included thermal insulation of walls and roof, replacement of existing wooden frames with the PVC, switch of the heating system from electricity to natural gas with installation of a new gas boiler, 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 the high energy efficiency standards and help the borrowers with the choice of the necessary equipment and materials and smooth project implementation.
The €184,317 investment allowed the company to significantly reduce its energy, operation and maintenance costs. The investment can be repaid out of savings only in less than two years, turning the future cash-flows into an income for the company.
This project proves once again that investments in sustainable energy solutions are very profitable and in addition may lead to other benefits, such as increased quality and quantity of production, improved environment and working conditions, more efficient processes and improved company’s image.