STEINER ELEKTRONIK LTD. is a grant beneficiary within the project BG16RFOP002-6.002-0604-C01 SME recovery based on the energy efficiency improvement, executed with the financial support in accordance to the operational programme INNOVATION AND COMPETITIVENESS 2014-2020, co-financed by the EU through the European Regional Development Fund (ERDF) in accordance to the REACT-EU regulation.

The total project value amounts to 135 700,00 BGN, of which 67 850 BGN are subsidized by the European co-financing.

Project summary, aims and expected results:

The project generally aims to grant a focused subsidy in order to achieve a common energy efficiency improvement of STEINER ELEKTRONIK LTD. In this way it will support the company to get over the economical consequences of the corona pandemic.

The following equipment will be purchased and implemented in STEINER ELEKTRONIK LTD. under the project:

•          Power factor controller (PFC): 2 pcs.

•          Natural gas-fired condensing heating boiler: 3 pcs.

With this investment an energy intensity decrease of the production flow will be achieved and this will enhance the company’s stability against crisis.

The successful project execution will ensure the following direct advantages to STEINER ELEKTRONIK LTD.:

Ø  Reduced vulnerability to price fluctuations of main raw materials incl. electricity and natural gas

Ø  Competitiveness grade maintenance under heavily dynamic economic conditions 

Ø  Investment activity continuation

Ø  Creation of stable conditions for economic growth