Gyeongnam Province Helps SMEs Reduce Energy Costs

A Total of 110 Small and Medium Enterprises Apply for Energy Diagnosis and Improvement Support Project

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Saeyan] Gyeongsangnam-do, together with the Korea Energy Agency Gyeongnam Regional Headquarters, selected the recipients of the 'Energy Diagnosis and Improvement Support Project for Small and Medium Enterprises' and held a project briefing session on the 3rd at the Changwon International Hotel.

The 'Energy Diagnosis and Improvement Support Project for Small and Medium Enterprises' is an energy efficiency project aimed at reducing the energy cost burden on companies and enhancing their competitiveness.

Energy experts diagnose the production process, propose energy efficiency improvement measures, and based on the results, support investments in energy-saving facilities.

The project targets small and medium enterprises located in the province that are experiencing financial difficulties due to COVID-19 and the economic downturn.

It supports energy diagnosis costs of 1.13 million KRW and facility improvement costs up to 13 million KRW (with at least 30% self-payment).

By April 30, a total of 110 companies applied. Among them, 20 companies were selected through a comprehensive evaluation of expected energy savings, equipment suitability, and industrial contribution.

The Korea Energy Agency Gyeongnam Regional Headquarters held a project briefing session on the 3rd, explaining in detail the background of the project plan, execution methods, and implementation procedures, sharing energy-saving cases and technical information, followed by a Q&A session with attendees.

Gyeongsangnam-do and the Korea Energy Agency Gyeongnam Regional Headquarters plan to conduct energy diagnoses for individual companies, promote energy facility improvements and on-site inspections from July to November, and hold a final report meeting in December.