LOCKO-Bank demonstrated the advantages of investments in energy efficiency and modernisation

The Conferencen“Investments in Energy Efficiency and Modernisation. Sustainable Development Practices". took place at Swissotel Krasnye Holmy Conference Centre on April 14 2011. The owners and managers of the companies interested in the implementation of energy efficient projects, the representatives of LOCKO-Bank, Russia's Bank of Development and International Finance Corporation (IFC) took part in the event.

IFC and RosBD provide consulting and methodology support to corporate clients of the Bank as part of cooperation program with LOCKO-Bank. According to Maxim Titov (IFC) the key criterion for preliminary assessment of feasibility of investments in energy efficiency is the share of energy costs in end product cost which is 5% or more. The result of successful implementation of energy efficient projects is at least 20% decrease of energy consumption for the manufacturing of product unit. The purpose of the projects on modernisation of manufacturing facilities is the increase of efficiency through the purchase of new high tech equipment, acquisition and implementation of new technologies as well as additional alteration of products. “These objectives should be reflected in business plan and all design documentation”, - emphasised Olga Torbova (RosBD). The best investment potential have the companies of food industry and public catering, livestock breeding, chemical industry, manufacturers of construction materials, wood processing companies and furniture manufacturers, as well as the manufacturers of refrigerator equipment and energy engineering companies.

If a company does not have own resources to implement energy efficient projects and modernisation projects, debt financing would be an optimum solution. According to Natalia Isaeva, Deputy Chairman of Management Board of LOCKO-Bank the Bank offers its clients long term lending periods (from 3 to 7 years), competitive lending terms, quick return on investments, option of early repayment as well as high quality financial and project consulting provided by the specialists of the Bank, IFC and RosBR at every stage of the project.