Energy Efficiency to Help Producers Earn More (IFC Armenia Sustainable Energy Finance Project flyer), 2011

Using outdated equipment can hinder the efficiency and productivity of the entire manufacturing process, resulting in higher operational costs and increased maintenance. According to a recent IFC report, Energy Efficiency: A New Resource for Sustainable Growth, the Armenian industrial sector could be saving up to 14.5% of energy costs by further improving energy efficiency. The 100 companies surveyed indicated plans to invest more than $35 million in energy efficiency in the short term, which represents a market potential of more than $200 million in Armenia. According to the National Program on Energy Saving and Renewable Energy, the following industrial sectors have the largest energy efficiency potential in Armenia: food production (24.7%), metal ore extraction (16.7%), metallurgical industry (12.7%), chemical industry (8.7%), non-metal mining (5.1).

To download flyer click here (pdf, 150Kb)