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Only need a small loan?

If you want to buy equipment for less than 200,000 USD, investigate our [SME Equipment Loans] for pre-approved high quality equipment 

Free energy audit

 to help you find the best way to save energy

Free consultancy

to check the savings will pay back the loan

Length of loan

is generally up to 5 years

Loan

 can be up to 100% of the investment cost

Interest rate

is decided by the bank according the customer risk, but Energocredit is cheaper than an ordinary loan

Corporate loans > Eligible EE Investments

Eligible EE Investments

Energy prices are rising and this raises the cost of doing business. Reducing energy use can help you become more competitive by: 

  •  Reducing costs
  •  Producing more with the same amount of energy

To help you do this, GEEP is offering a limited number of free energy audits to businesses. These will be provided on a first-come, first-served basis to help eligible companies identify the investments that make sense for them.
GEEP send in the engineers and check where and how you’re using energy by examining all your main utility usage, including electricity, gas, oil and water, and identify potential energy savings and estimate the cost of implementing them. There is no interruption to production during this process and many of the recommendations on to how to save energy may be cheap or even free.

Some of the more common energy saving investments for manufacturers include:

Boilers:
New condensing boilers provide improved efficiency by making use of the heat held by steam in flue gases. They typically provide an efficiency of over 90% (compared to the 50 – 60% efficiency of older boilers). Improved controls also help to manage combustion better and optimise load, especially when several boilers are organised in a cluster.

Steam efficiency:
Centralised steam production is often wasteful and it is generally more efficient to generate steam near to where it is needed. The energy loss is even higher if steam pipes are not insulated, if there are leaks, or if exhaust steam and condensate heat are not recovered.

Improved control processes:
Automatic control of valves, pumps, fans, etc, provides improved regulation of energy use. Monitoring of temperatures and pressures, including the automatic metering and recording of processes (e.g. steam, water and air flows) helps to identify waste.

Compressed air:
Improved efficiency compressors, modern control systems and the replacement of leaking pipework can provide huge efficiency gains in compressed air production. In addition, a reduction of 1 bar in operating pressure can cut running costs by as much as 5%, in many cases with little or no impact on operations.

Reusing heat:
Using heat exchangers to match heating and cooling requirements of a similar scale allows waste heat from one process to be used for another process, e.g. drying, pasteurisation or space heating.

Motors:
Electricity running costs can be many times higher than the capital costs of the motor itself. Look for motors with at least 91% efficiency. Automatic controls and variable speed motors that match output to the load required allow you to only use the capacity you need, when you need it.

These technologies could all be implemented in Georgia today.

Other Eligible Investment Possibilities 

  • On site co-generation of heat and electricity
  • Rehabilitation of boilers (enhanced controls, economizers, improved insulation, regenerative burners, automatic blow-down, etc.)
  • Replacement of old gas boilers with condensing boilers
  • Advanced recuperative burners
  • Switch from electricity heating for fuel based direct heating
  • Process improvements including enhanced controls
  • Rehabilitation of steam distribution systems: installation for steam traps, increased condensate recovery, etc.
  • Installation of heat recovery from processes (e.g., installation of economizers for pre-heating purposes, heat recovery for space heating, heat recovery for drying, etc.)
  • Installation of absorption chillers
  • Installation of new high energy efficiency performance chillers
  • Installation of Variable Speed Drives on selected electric motors
  • Rehabilitation of compressed air systems (e.g., decentralisation and/or resizing of air compressors, replacing of old air compressors with new efficient ones)
  • Rehabilitation of power distribution systems (e.g., replacement of old or oversized transformers, installation of capacitors to reduce reactive power consumption, etc.)
  • Absorption cooling systems (within tri-generation applications or as a separate absorption cycle)
  • High energy efficiency performance electrical transformers and electric motors
  • Organic Rankine Cycle systems
  • Infra Red (IR) gas heaters
  • Integrated Energy Management Systems, Energy Monitoring, Building Management Systems or Process Automation Systems
  • Advanced process instrumentation and controls (including frequency control systems for pumps, fans and drives)
  • Heat recovery systems integrated in heat exchanger stations with plate heat exchangers, circulation pumps, autonomous automatic weather and/or demand-based control
  • Heat pumps
  • High performance HVAC systems (i.e., including evaporative cooling, variable air volume ventilation systems, heat recovery)
  • Small-scale cogeneration units (e.g., in the range 20 – 1,000 kWe)
  • Solar water/air heating systems for both industrial processes and buildings

 

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