Hranitelni Stoki JSC has diverse business activities ranging from food trading and packaging to renting buildings and consultancy. The company built a brand new boutique Hotel Shipkovo in the Stara Planina mountains, in the village announced a spa place in 1967 and offering excellent spa healing possibilities. Previously, the region was hosting many recreation stations of the former trusts, which are now being reconstructed into modern places for recreation.
The company planned to invest in a modern heat pump system installation to organize own reliable and high quality heating, as well as to keep the energy costs low.
Hranitelni Stoki applied to BEERECL for the loan and advisory package. The BEERECL team performed the analysis of the investment, particularly, the potential of energy savings, technical-financial parameters, risks, and the environmental aspects.
The €64,913 investment allowed the company to produce 387 MWh of energy per year, providing own heat for the hotel and saving €23,150 of energy costs as compared to the previous heating model. In addition, the operation and maintenance were improved and CO2 emissions reduced due to the shift to alternative energy sources.
The project will be repaid out of savings in less than three years, with future cash-flows becoming company's income further on.
This way the company decreases own costs, increases the margins and what is more important – becomes energy independent, all leading to increased competitiveness on the market and stable business.