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NORD Manufacturing Cogeneration Project

Sector

Co-generation

Proponent/project Owner

Open Joint Stock Company “NORD” (Donetsk)

Background

NORD has been operating since the mid-1960s. The basic products are domestic refrigerators and compressors. Until the mid-1980s the company produced refrigerators with the “Donetsk” trademark. Currently it is producing refrigerators of NORD and OCEAN trademarks. The company operates а full production cycle. In the early 1990s the company was privatized as а Open Joint Stock Company and is part of the "NORD" Group. The Group unites 15 enterprises located in 5 regions of Ukraine with 15,000 employees. The main products of the enterprises are home appliances, including refrigerators, washing machines, air conditioners. The Joint Stock Company "NORD" is а core enterprise of the NORD Group and has 5,600 employees. Its annual production is 400,000 refrigerators and 50,000 compressors. Products are sold in Ukraine and exported in the CIS, Eastern and Western European countries, and Latin America.

Project Goal and Ghgs Targeted

Aimed at improving the efficiency of its operations, the company plans to modernize the boiler house and install а 15mw generator. The generator would secure а steady power supply to the factory in the peak load hours, and make it possible to sell excess heat and electricity. The development of the project concept considers the use of both conventional fossil fuel and coal mine methane for heat and electricity production, which will significantly reduce greenhouse gas emissions.

Estimated Cost

A preliminary estimation of Us$ 5 million is needed for project implementation, including Us$ 50,000 for а pre-feasibility study.

Status and Financing

The Company is seeking а financing source which would provide а grant for the preparation of the study. Various forms of financing are possible for the project implementation – bank credit, financial or operational leasing, creation of an affiliate (equity investment).

Contact Information

All interested please contact the Climate Change Initiative Center or Hennadi V. Heyer, Director, Institute of Refrigeration Industry at:
tel. (38062) 269-1410