In November new contract between VALPRO Ltd, the Latvian Environment investment funds and the Ministry of Environment Protection and Regional Development was signed for project's KPFI-15.4/52 „Greenhouse gas emissions reduction in VALPRO Ltd industrial buildings No 001; 003; 005; 006; 007; 008; 012; 013 and 014” implementation.
Within the project several complex energy efficiency improvement activities were carried out in company’s industrial buildings reducing electricity loses and decreasing greenhouse gas emissions. Improvements include reconstruction of heating and ventilation systems, oil boiler recovery system creation and the drying chamber reconstruction.
Reduction of carbon dioxide per year – 99.8 t
The project total eligible costs – 219 906 EUR
The project assigned to the CCFI financing - 98 957 EUR (aid intensity - 45%)
Project implementation period - October 2014 - April 2015
Since 2011 company has invested 1 315 414 EUR in carbon dioxide emission reduction projects. In total after implementation of all CO2 gas emission project it is estimated to reduce emissions amount by 490t annualy, as well as reach savings of 124 294 EUR per year.