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CONTRACT FOR GRANT FINANCIAL ASSISTANCE SIGNED WITH THE MINISTRY OF ECONOMY

CONTRACT FOR GRANT FINANCIAL ASSISTANCE SIGNED WITH THE MINISTRY OF ECONOMY

CONTRACT FOR GRANT FINANCIAL ASSISTANCE SIGNED WITH THE MINISTRY OF ECONOMY

"Raicommerce Construction" PLC has signed a contract for grant financial assistance No. BG16RFOP002-3.002-0132-C01 with the Ministry of Economy for the project "Increasing Energy Efficiency in 'Raicommerce Construction' PLC through the Purchase of New Energy Efficient Equipment" under the procedure for granting financial assistance BG16RFOP002-3.002 – "Increasing Energy Efficiency in Large Enterprises." The project is financed by the Operational Program "Innovation and Competitiveness," co-financed by the European Union through the European Regional Development Fund, with a total value of BGN 5,050,141.00, of which BGN 2,122,955.31 is European funding and BGN 374,639.00 is national funding. The project is scheduled to be completed in 24 months.

The main objective of this project proposal is to achieve sustainable growth and increase the competitiveness of the applicant through the implementation of energy efficiency measures, optimization of production activities, and reduction of energy costs as a result of the purchase of new technological equipment with higher productivity and lower energy consumption.

The project will be implemented through investments in tangible and intangible assets, including the purchase and commissioning of a mobile soil recycling system, a mobile vacuum excavation system, a micro-tunneling system, and an automated energy consumption monitoring and control system.

The project also envisages the implementation of an energy management system and its certification in accordance with the requirements of ISO 50001:2011.

The signed contract for grant financial assistance is effective from August 1, 2018.

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