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New Business Education prepared two WTA studies for implementing energy efficiency in the municipalities of Pehcevo and Veles

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As part of the project for implementing energy efficiency at the local level, New Business Education - NBE prepared two preliminary feasibility studies:

- feasibility study for the elementary school „Vanco Kitanov" – municipality of Pehcevo

- feasibility study for „JPSSO "Park" – municipality of Veles

After careful analysis of previously collected data, these feasibility studies present a guide for undertaking and implementing activities for improving energy efficiency and reducing the related financial costs. Both studies were preliminary and present a healthy base for further development of energy efficiency projects in the above mentioned municipalities.
The results of the studies can be summed up as follows:

  • Elementary school "Vanco Kitanov" – municipality of  Pehcevo: Total operating expenses will be decreased by 31.48%, while the Return on Assets (ROA) for the investment will be 7.7 years.
  • JPSSO "City Park" – municipality of Veles: Total operating expenses will be decreased by 28.12%, while the Return on Assets (ROA) for the investment will be 9.75 years.

Limited review of the studies is available here.