Building stone supplier Teko Mining has procured new machinery through financing facility GEFF Serbia Leasing, reducing its environmental footprint while improving business efficiency.

Belgrade-based Teko Mining, part of Austria’s Teko Mining GmbH, invested in two Caterpillar loaders, which consume less fuel and have lower maintenance costs, and which also emit less CO2. The procurement is financed by GEFF Serbia Leasing through its local partner institution UniCredit Leasing Srbija.

The new loaders will cut Teko Mining’s CO2 emissions by 27% and increase profits

The investment in the new loaders will enable Teko Mining to reduce its CO2 emissions by 94 tons a year, or 27%, compared with the emissions generated by its old equipment. At the same time, the company’s primary energy consumption will go down by 387 MWh per year, leading to annual financial savings of EUR 30,800.

Teko Mining is one of the largest companies in Serbia in building stone extraction and production, operating six quarries with a total capacity of 3 million tons a year.

Construction machines are a major source of greenhouse gases and air pollutants

Construction machines using fossil fuels are a major source of greenhouse gases, as well as air pollutants, such as nitrogen oxides (NOx), carbon monoxide (CO), and particulate matter (PM2.5 and PM10).

In an interview with Gradnja.rs, Goran Matović, lead engineer at GEFF Serbia Leasing, said that newer-generation construction machines consume 20-30% less fuel and emit far less harmful gases. This is a huge potential for the construction sector to achieve savings and reduce its climate impact since the average age of building machinery in Serbia is estimated at about 20 years.

On the other hand, for example, Novi Sad-based construction company Karin Komerc MD has procured a state-of-the-art, high-efficiency gravel and sand separation line through GEFF Serbia Leasing, demonstrating the potential of the building sector to reduce its impact on the environment.

Thanks to the new Binder+Co machine, Karin Komerc MD is expected to cut its annual CO2 emissions by 16.8 tons while saving over EUR 33,000 in fuel and maintenance costs each year.

Equipment financed through GEFF performs at least 20% better than typical local replacement

Equipment to be financed through GEFF Serbia Leasing can be chosen in Green Technology Selector, the European Bank for Reconstruction and Development’s (EBRD) global platform containing lists of high-performance and green technologies adapted to specific countries and markets.

Green Technology Selector for Serbia contains 951 products

Green Technology Selector for Serbia currently contains 951 products or technologies, with a total of 195 registered vendors and manufacturers, according to Matović.

In the interview, he also said that the machines included in the selector meet the EBRD performance requirements. One of them is that they must perform at least 20% better than a typical replacement in the local market, adding that this improves environmental protection.

The GEFF Serbia Leasing was developed by the EBRD and is supported by the Green Climate Fund and the Government of Luxembourg.