"Modernization of an African catfish farm with a recirculating system"

"Fishhof Ltd." is a micro-business operating a fish farm in Golets village (Ugarchin municipality, Lovech region). The company is registered with the Bulgarian Food Safety Agency (BFSA). It owns and operates a fish hatchery and feeding facilities for the breeding of African catfish in an enclosed recirculation system. The farm's annual production capacity reaches 100 tons of high-quality produce with competitive market potential. The company applies ISO-9360 work safety standards. In the current economic conditions with rising demand for high-quality aquaculture, "Fishhof Ltd." prioritizes investments in innovation aimed at production efficiency. Project "Modernization of an African catfish farm with a recirculating system" aims to purchase and implement new equipment - automated fish sorting machine and a three-phase diesel generator. The introduction of automated technology will dramatically improve the company's production capacity and efficiency. Providing an independent energy supply will secure technological needs like temperature consistency, water circulation/filtration/supplementation while improving production efficiency and cost. At present, the company's operations depend on an unreliable energy grid along with limited support from solar energy. Investing in innovative technology to improve production efficiency will improve the company's market position while introducing sustainable job opportunities.

Comments
Leave a comment

Overview

Status In execution (starting date)
Start date 26 Dec, 2020
End date 26 Jan, 2021
Contract date 26 Dec, 2020
View in UMIS

Beneficiary

Financial information

Total cost 67,900.00
Grant 33,950.00
Self finance 33,950.00
Total paid 0.00
EU participation percent 75.0%

Location