Progress of fourth greenhouse gas emission reduction project
VALPRO Ltd continues implementation of the project KPFI-IV- 15.3/96 "Greenhouse gas emissions reduction in VALPRO industrial building No. 008". Project implementation is successful in accordance with plans and till 1st December overall 75% of all planned works are finished.
Within the project simplified renovation work, lighting replacement, dye line, drying oven and degreasing line reconstruction are continued in industrial building No. 008 (building on the coast of river Gauja).
Reconstruction work is planned during annual factory maintenance period in the end of December and in the beginning of January. It is planned that all the work will be completed by 15th January 2015.
According to project planning improvements will reduce CO2 emissions by 99 t per year, which in terms of money achieve energy savings about 24 000 EUR per year. Since 2011 in emissions reduction and energy efficiency incentive projects in total invested EUR 747 839, while in new project's implementation receive investment of 347 669 EUR. The aid intensity of the eligible costs of the project is 45%.
The contract between VALPRO Ltd, the Latvian Environment investment funds and the Ministry of Environment Protection and Regional Development for open competition “Complex solutions for reducing greenhouse gas emissions” for project’s KPFI-IV-15.3/96 „Greenhouse gas emissions reduction in VALPRO Ltd industrial building No. 008” implementation was signed in 30th June.
Until now, VALPRO Ltd has successfully implemented several investment projects, involving both – the EU and company’s financing.
From 2011 to 2013, company has implemented two CO2 emission reduction projects: "Investment in the protection of the environment for greenhouse gas emissions reduction in VALPRO Ltd and "Greenhouse gas emissions reduction in VALPRO Ltd. industrial factory No.2 and in factory workshop".
In November of this year 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.
