On 30.04.2024 the contract for the grant under the Procedure BGENERGY-2.003 “Energy Efficiency in Industry” to the Operational Programme called “Renewable Energy, Energy Efficiency, Energy Security” ended.

The “Renewable Energy, Energy Efficiency, Energy Security“ Programme (hereinafter referred to as “the Programme”) is funded by the Financial Mechanism from the European Economic Area (FM from EEA) 2014-2021. On 9 December 2016, the Ministry of Energy was appointed Programme Operator (PO) of the Programme with the signing of the Memorandum of Understanding on the implementation of the Financial Mechanism from the European Economic Area 2014-2021. The Programme is implemented in partnership with the Norwegian Directorate for Water Resources and Energy (NVE) and the National Energy Authority of Iceland (ОS).

In summary, the company has consumed 7622.6 MWh of electricity and natural gas, using 2021 data as a base. The estimated annual energy savings from the implementation of the programme measures are 1161,282 MWh or 15.2%. The investments will result in environmental benefits of 1 460,63 tCO2/y reduction in carbon dioxide equivalent emissions, calculated with the emission factor of the BGENERGY-2.003 – Energy Efficiency in Industry programme.