Bausch + Lomb has signed a two-year electricity and gas contract with Bord Gáis Energy.

Bord Gáis Energy has also supported the development of a modern 3.3MW Combined Heat & Power unit (CHP) at the pharmaceutical manufacturer's Waterford facility, which is predicted to save the company up to €1 million per year on energy costs.

The CHP unit has been running since May 2016 and Bord Gáis Energy is now working with management on the measurement and verification of the CHP project.

Bord Gáis Energy is also developing carbon reduction objectives for Bausch + Lomb for the next two years and will provide funding, advice and evaluation for future projects.

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Derek O'Connor, Facilities Engineering Manager with Bausch + Lomb, said: "As an expanding company, we are always looking for ways to reduce our energy costs and our carbon footprint. We've been working with the Bord Gáis Energy team for many years now and the team really understands our business. Our account manager works closely with us to ensure we're getting the best possible value from our energy supply and the energy efficiency team's advice and support in the development of the CHP was invaluable. We're looking forward to seeing the long term benefits of the project and to introducing more successful energy efficiency measures over the coming years."

John Smith, Key Account Manager with Bord Gáis Energy said: "We're committed to providing our business customers with the best value possible, whether that's through competitive energy supply rates or tailored energy efficiency support and funding. Energy efficiency projects not only help businesses reduce their carbon footprint, but can also improve their bottom line. It's great to see that Bausch + Lomb is already realising significant savings through the CHP project, and I’ve no doubt will do for many years to come."

(CD/LM)