Rigas autoelektroaparatu rupnica
CORRECTION: Investments of JSC ‘Rigas autoelektroaparatu rupnica’

Rigas autoelektroaparatu rupnica 

27.01.2014 14:59

Dissemination of a Adhoc News, transmitted by DGAP - a company of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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 Information extended.

Till June 30, 2014 JSC 'Rigas autoelektroaparatu rupnica' will invest 1,3
million euro  to improve the effectivness  of expenditure of energy in
engineering  building attracting  0,73 million euro as investments of Climat
changes financial instrument. The winner of tender for construction works is
'LIKTENIS'Ltd. JSC 'Rigas autoelektroaparatu rupnica' will finance the project
attaching credits of shareholders with interest rate 7,5% per year. 

These investments will stop the deterioration and dilapidation of building
structure and utilities as well as reduce the costs for energy. It will become
possible to maintain adequate microclimate in premises. After carrying out of
the activities of the project  JSC 'Rigas autoelektroaparatu rupnica' will have
obtained a new central heating boiler that  will ensure heating and hot water
supply in long-term applying system of renewable energy resources and thus
ensuring  growth of economic efficiency. The project expects to introduce  an 
automatic renewable energy resources system that will allow utmost effectively
to manage existing systems  as well as to obtain and save all parameters and
data about  the amounts of produced energy during the year  and to analize the
operation of the system and technologies after the implementation of the
project.
News Source: NASDAQ OMX



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Language:     English
Company:      Rigas autoelektroaparatu rupnica
              
               
              Latvia
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         LV0000100881
WKN:          
 
End of Announcement                             DGAP News-Service
 
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