* * EBRD leading renewable energy revolution >> New 4 Energia plant in Latvia >> New projects agreed by WGBC and EBRD >> Poland hosts EBRD meeting >> Armenia to benefit from EBRD loan >> EBRD provides loan to Kobuleti >> New sewage systems brought to parts of Slovenia >> Businesswomen receive welcome boost in Croatia >> Big boost for Lithuanian e-communications market >> Regional Energy Market should be established in Baltic Region >> Czech government announces new efficiency programme >> Renewable energy hits Croatia >> EBRD investment ensures green future >> €11 million loan to provide clean water to Bosnia and Herzegovina >> Romania set for daily fines of €38,000 >> CIMC opens production plant in Poland >> Slovenia aim to reduce building’s energy usage by 30% by 2030 >> Mapei announces HUF 1bn (€3.2m) investment in Hungary >> Mátrai Erőmű opens HUF 6.5 bln. solar power plant >> Elektroprivreda Srbije (EPS) receives €200 million loan from EBRD >> Mátrai Erőmű opens HUF 6.5 bln. solar 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in Serbia >> In the starting blocks >> Poland listed as one of Europe's windiest locations >>> AIR POLLUTION Warsaw Entry forbidden >>> Donor funding for environmental investments in Belarus >>> Chinese engage companies from Bosnia Herzegovina for Stanari power plant >>> EIB may lend $1.2 bln for Romanian projects in 2013 >>> EBRD contributes to safety of Ukraine’s nuclear power stations >>> EMS takes on eastern European auto supply busines >>> Taiwan, EBRD ink green investments pact >>> EIB supports modernisation of air traffic management infrastructure in Ukraine >>> EIB and EBRD to support completion of TES-Thermal Power Plant Sostanj project >>> EIB and BCR continue to support SMEs, midcaps and municipalities in Romania >>> EBRD President Chakrabarti visits Taipei >>> EBRD and partners explore next-generation biofuels >>> EBRD strengthens capital base of Siauliu bank >>> Bulgaria’s Biomashin attracts EBRD support 3 New Wind Farms For Romania >>> EBRD invests in Lithuanian port’s future as major hub >>> Biggest ever EIB loan in Slovenia: EUR 500 million for co-financing with EU Funds >>> EBRD adopts new Russia strategy for 2013-2015 >>> EBRD lends to Ukraine’s Coal Energy >>> EBRD boosts support for Belarus banking partner >>> EBRD channels safer drinking water to more of Tajikistan >>> Head of the EU Delegation: Serbia and EU to commence accession talks soon >>> New Joint IFI Action Plan for Growth in Central and South Eastern Europe >>> Poland to get new 53 MW wind farm in Kukinia: EBRD finances a new wind farm and supports the existing one in Tychowo EIB reinforces its support for upgrading Poland’s energy distribution network >>> EIB supports SMEs in Romania with EUR 45 million >>> Hungary: EIB continues to support smaller private companies with EUR 100 million >>> Leasings up in CEE >>> Romania has 750MW of wind farms in testing stage >>> Serbia's Energy Minister announced new incentive tariffs for the production of electricity from renewable energy sources Major new gas plant in Lithuania to replace lost nuclear power >>> EBRD funds Continental’s Russian tyre plant >>> The EU agreement on climate Polish law AAU emission units defended >>> STRABAG to build Europe’s most modern waste treatment plant in Ljubljana >>> EU greenhouse gases in 2011: more countries on track to meet Kyoto targets, emissions fall 2.5 % >>> Protected areas have increased to cover one fifth of Europe’s land >>> EBRD: world’s major waste - flaring gas - could be turned into profit >>> Valcea, Romania, to upgrade water and wastewater services with EBRD loan >>> EBRD directors visit Poland >>> EBRD to finance its first solar power project >>> EBRD unleashes energy efficiency potential of Ukraine’s district heating sector >>> New EBRD financing facility for residential energy efficiency projects in Moldova >>> Giving old tyres a new life >>> Serbia - RWE and EPS (Serbia) sign collaboration agreements >>> Two new hydropower plants in Albania >>> Poland - RAG (Austria) signs deal with GazSystem for gas storage in Poland >>> Poland - Enea signs EPC contract for 1,075 MW supercritical plant (Poland) >>> Ukraine - Ukraine starts construction of 750 kV transmission line >>> Ukraine - Ukraine receives €200m loan for 22 hydropower projects (980 MW) >>> Bosnia - RWE will develop 210 MW of run-of-river capacity in Bosnia >>> ... 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Energy efficiency investments to boost Podravka’s competitiveness
2013-07-30 00:00:00
The European Bank for Reconstruction and Development (EBRD) is supporting investments in improving the energy efficiency of Podravka d.d. – one of the largest food producers in Croatia – with a €9.9 million loan.

The loan will finance investments focused on improvements in various factories and the company’s headquarters building. The improvements are expected to generate annual savings estimated at 5,614 kNm3 of gas, 7,309 MWh of power, 45,000 m3 of water and 14,918 tCO2. These efficiency gains have been identified by the independent consultant that performed an energy, resource and building stock assessment.

Investments in energy efficiency form an integral part of Podravka’s wider efforts to strengthen the company’s competitiveness. The company’s strategic plan for 2013-18 aims at bolstering Podravka’s market position, particularly in lieu of Croatia’s accession to the European Union.

Podravka is the leading branded food company in Croatia, and has subsidiaries in 15 countries worldwide, and 15 production facilities in four countries. In 2012, Food and beverages accounted for 77 per cent of the company’s sales, while pharmaceuticals constituted 23 per cent.

Over the past few years the company has emphasised export growth: in 2012 exports constituted 53 per cent of sales, compared to 47 per cent in 2009. The company’s main export markets are south-eastern Europe (47 per cent of total exports), while eastern Europe (12 per cent increase in sales from 2011-12) and Russia (40 per cent sales increase since 2009) are gaining momentum.

Vedrana Jelušić Kašić, EBRD Director for Croatia, said: “We are confident that the planned investments will significantly strengthen the competitiveness of Podravka and will also deliver environmental benefits by improving the company’s production standards and methods. These are investments in the future which will provide both economic and environmental rewards.”

Zvonimir Mršić, President of the Management Board of Podravka d.d., said: “As a socially responsible company, Podravka is continuously taking account of and implementing a series of activities in preserving the environment. We intend to invest this loan in the area of energy efficiency and reduce environmental effect through optimal consumption of energy resources, raising the present business efficiency to the level of our competition, with which we compete daily on demanding international markets.  Having conducted detailed analysis of the overall business, potentials to improve business processes have been identified in the area of energy efficiency as well, and we will do everything we can to reduce to the lowest possible level the energy costs per unit of production.”

To date, the EBRD has signed some 150 projects in Croatia for a total amount of €2.75 billion. The Bank’s investments are divided between the industry, commerce, agribusiness, energy, financial and infrastructure sectors. This year alone the EBRD plans to invest some €230 million in the country, focusing on corporates, municipalities and support for cross-border initiatives.

The loan is being provided under the Local Enterprise Facility, a €400 million facility for investments in enterprises in the Balkans (Albania, Bosnia and Herzegovina, Bulgaria, Croatia, FYR Macedonia, Kosovo, Montenegro, Romania and Serbia), Turkey and the southern and eastern Mediterranean (SEMED) region (Egypt, Jordan, Morocco and Tunisia). It provides a wide range of flexible financial products, including equity, quasi-equity and debt financing to address companies’ needs.

Source of Article:ebrd.com
Author(s):    Axel Reiserer