Wednesday, June 15, 2016

Honey Bun unveils solar-energy system Already seeing decrease in electricity bill

Honey Bun (1982) Limited unveiled the first phase of its 100-kilowatt solar-energy system on Friday, May 27, 2016.

The 20 kilowatt system, which has been in operation for two months, was officially endorsed by the Ministry of Industry, Commerce, Agriculture and Fisheries (MICAF), by Director General Vivian Brown at the company’s headquarters at 26 Retirement Crescent in Kingston.

“This solar-energy project is a US$250,000 investment by Honey Bun,” said Herbert Chong, co-founder and executive chairman of the company. “We have already invested US$50,000 on this phase, and we are committed to completing this five-year project.”

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Vivian Brown (second left), Director General of the Ministry of Industry, Commerce, Agriculture and Fisheries; and Michelle Chong (right), CEO and co-founder of Honey Bun, cut the official ribbon for the bakery’s solar-energy system at its headquarters in Kingston Friday, May 27, 2016. Sharing the moment is Herbert Chong, co-founder and executive chairman of Honey Bun.
Chong said the solar-energy is yet another milestone in the journey of Honey Bun and that it reiterated the company’s commitment to efficiency and environmental responsibility, through its use of solar energy.

“This initiative will help us to reduce our carbon footprint, and we hope, will set an example for other growing businesses to follow,” executive chairman Chong said.

In the address, on behalf of Minister Karl Samuda, Director General of MICAF, Vivian Brown, said the project is already on the way to reducing operational costs, increasing competitiveness, and creating more jobs.

“The high cost of energy has for a long time been placing a strain on our economy… the team here at Honey Bun has clearly demonstrated that this can be done,” Brown said.

Phase one of the project saw the installation of 94 photovoltaic panels, which generates approximately 100 kilowatt hours of electricity per day. The bakery is already seeing benefits of the system, with approximately a 14 per cent reduction in its electricity bills.

The solar-energy system is among the programmes, detailed at the company’s annual general meeting in February, that would maintain global standards to reduce carbon footprint, and help to cement Honey Bun as a world-leading baking facility.

“Honey Bun is brave enough to go solar. It is a big effort, but at the end [of the 100 kilowatt project], it is predicted that the system will produce 50 to 60 per cent of the electricity used in the facility,” revealed David Pijuan, director of Sofos Jamaica Limited, the company which designed and installed the solar-energy system.

The solar-energy project is a part of the 34-year-old bakery’s expansion drive. Last year, the company acquired a 20,000 square feet property which will be the foundation of a factory addition.

About Honey Bun

Honey Bun Honey Bun (1982) Limited is an independent bakery has been listed on the Jamaica Stock Exchange Junior Markets since June 2011.

The baking company was founded by Herbert and Michelle Chong, who act as chairman and CEO respectively. The company has expanded its repertoire of baked goods to include donuts, breads, buns, cheese breads, raisin buns, cinnamon rolls, and Goldie cake

1 comment:

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