The joint-stock company “Rīgas elektromašīnbūves rūpnīca” (RER) plans to implement the project called "Integrated Solutions for Increasing Energy Efficiency of Riga Electric Machinery Factory. Phase 2."

      Within the project, we have announced procurement for "Simplified Restoration of Three Production Facilities." The estimated procurement price of the construction work is EUR 450,000.    We plan to submit the project to the Central Finance and Contracting Agency by 13 June 2018. RER expects to receive co-financing from the Cohesion Fund (CF) for the purpose specified in paragraph 4.1.1 of the European Union Structural Funds support program, i.e., "To promote the efficient energy use by lowering energy consumption, and the transition to renewable sources of energy in the manufacturing industry." Estimated project related costs – about EUR 2.15 million. Co-financing from CF is 30%. The project implementation timeframe is from 1 January 2019 to 31 December 2020.