The project aims at increasing the general efficiency level at the company, along with promoting clean energy production to improve the eco-friendly approach of the company long-term as well as sustain low carbon emissions. The main investment of the project consists of replacing the current gas-based heating system with a new one and innovative geothermal solution with an installed capacity equivalent with 0.250 MW and to connect the Iris Hotel owned by the company to the geothermal supplier for hot water and heat. The project’s estimated duration is 24 months, during which the company will also be able to strengthen its relationship with the Icelandic market through their partnership with the project bilateral partner in Iceland and its expertise and know-how.
Key activities of the project include the delivery and set-up of the equipment, technical design and assistance, legal services, site management and finally publicity actions to promote the project.
The project considers the following objectives for the projects:
- Increasing the general efficiency of the ''IRIS'' Hotel by replacing the current gas-based heating system with a new one and innovative geothermal solution with an installed capacity equivalent with 0.250 MW, annual production 721.36 MWh and an estimated 220.736 tonnes of CO2/ year greenhouse gas impact reduction.
- Optimizing the general company’s activity by promoting green solutions along with creating a safer work and social environment for the society.
- Development of specific bilateral relations in order to increase the know-how, expertise and good practices of the company.
- Creative business opportunity for future development and growth.