The FINANCIAL — 15 companies, from Georgia, Armenia and Azerbaijan, are waiting for funds in order to start implementation of the Cleaner Production project developed by Rec Caucasus.
The project includes promotion of Cleaner Production and Energy Efficiency technology through development of business planning practices for Cleaner Production and Energy Efficiency projects.
According to Rec Caucasus officials, the overall objective of this project is to contribute to sustainable development and minimise environmental impact from the industrial sector by stimulating small and medium sized enterprises (SMEs). The objective will be reached via increase of SMEs’ capability in the preparation of financial documentation for Cleaner Production and Energy Efficiency projects.
“All of the factories use quite a significant amount of gas, water and electricity. The Cleaner Production project works on decreasing the consumption of energy. Factories should upgrade their technologies or create some reforms in the direction of consuming less energy in the frames of this project. The owners of the companies under the frame of this project are doing everything to make factories energy efficient; use less energy and not pollute the environment,” said Zurab Vasadze, Rec Caucasus Information Officer.
“This project has a very good index according to which the factory owner receives profit. Whereas nowadays the owner spends a certain amount of money while installing and upgrading energy efficient technologies, in a very small period of time the company will receive profit from it. In this case less water, less gas and electricity is consumed. So it’s easy to guess what advantages energy efficient technologies have,” Vasadze said.
“In the case of installing more energy efficient technologies, a factory has fewer expenses, fewer natural resources are spent on launching different products and at the same time pollution of the environment decreases significantly. The idea of the project was to choose companies from different spheres in the Caucasus region, Azerbaijan, Armenia and Georgia,” Vasadze said.
As Vasadze says, South Caucasian countries have limited experience in Cleaner Production and Energy Efficiency project promotion in the business sectors.
“We started working on this project in 2009. This project is financed by the Government of the Netherlands. Companies have realised the importance of energy efficiency in the frames of this project. We are going to launch a publication about Cleaner Production soon and companies will receive information about it,” Vasadze said.