Enemona With Energy Efficiency Contracts Worth More Than 17 Mln Leva Year-To-Date

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Since the beginning of the year Enemona AD has been working on 15 energy efficiency projects, of which 4 industrial and 11 on municipal buildings. The value of the projects the company is currently developing tops 7.6 mln leva (3.885 mln euros). Enemona expects to sign contracts for 6 more projects worth some 9.4 mln leva (4.806 mln euros) till the end of the year.

The company is one of the leaders in the field of energy efficiency services via ESCO contracts. Only in 2006 the company completed 18 ESCO contracts on municipal buildings, and the number of all implemented public projects exceeds 70. In 2004 the company completed projects worth more than 20 mln leva (10.225 mln euros).

Enemona has established itself as a reliable ESCO company. In 2007 the Ministry Of Economy and Energy awarded Enemona the prize for „Company with the biggest number of projects in the field of energy efficiency“.

Enemona is one of the first ESCO companies with successful contracts on energy efficiency in municipal buildings. The company has successful partnerships with all municipalities throughout the country. It has worked on schools, hospitals, kindergartens etc.

The ESCO contracts are a promising form of cooperation between the private and the public sectors on municipal energy projects.The ESCO model is the most attrcative method for financing project on energy efficiency, client does not have to pay immediately and is not required to provide additional funds out of their own pockets.

Enemona AD is a Bulgarian private company. Its core activity includes projects and investment in the field of conventional and nuclear energetics, ecology, energy efficiency and renewable energy sources. The company employs more than 2,500 managers, experts and workers.

Enemona is planning to file an IPO on the Bulgarian Stock Exchange, in which between 15 % and 20% of its capital will be offered to investors.

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