Project

Project Reference Profiles – Myanmar(MM10) Rice-Husk-To-Power Leasing Finance Facility (RH2P)

At a Glance

Strategic Outcomes SO1, SO2, SO3
Start Date Q1  Mar 1 2019
End Date q1 Jun 30 2021
Funding Source Core
Actual Budget (USD) 90,109
Budget Percentage 90%
Actual Expenditure (USD) 81,243
Status Active
GGGI Share (USD) 90,109
Poverty and Gender Policy Markers poverty
Name of Client (Lead/Prime implementer if GGGI is part of a consortium)
Participating Organization (Funding/donor)
Name of consortium members, if any
Thematic Area
  • Green Cities
  • Sustainable Energy

Project context, objectives and description

Myanmar is the world’s 7th largest rice producing country. Once paddy is harvested, rice husk forms 20% of the crop’s volume that is both bulky and cumbersome since it occupies too much space and potentially expensive to transport. Therefore, the effective utilization of the significant volume of rice husk generated in rice mills is both a challenge and opportunity. 

The project objective is to establish a leasing Finance Facility in Myanmar: Rice-Husk-To-Power Leasing Finance Facility (RHSP). The facility aims to catalyze further deployment of the modern bio-gasification technologies to be used by the rice millers. The initial capitalization of the leasing finance facility in 2019 is USD 20M and 2020 target is USD 50M. The finance facility aims to bundle together a fleet of small to medium scale rice husk power generation systems with the targeted total capacity of c. 50 MWh. A single installation range from 200KWh to 1MWh. This approach will lead to the reduction of total energy-derived CO2 by about 100,000 tons/CO2 per year. This project is aligned with IO2. Increased green growth investment flows which enable partner governments to implement green growth policies. 

The leasing finance intervention aims to de-risk the rice husk to power business model and unlock both international and domestic financial resources to support the growth and scalability of such business model in Myanmar. The goals are i.Create a transparent value chain for developers, industrial customers and utilities, ii.Place control of assets under SPVs where it makes the most sense iii.Enable domestic bioenergy developers to gain efficiently iv.Democratize clean energy by providing it to industrial clients in an affordable manner. 

Type of services provided, and results achieved

Impact: Increases provision of sustainable waste services, decreases emissions, rural electrification, access to energy and increases green jobs. 

Outcome: N/A 

Project Outputs completed in 2019: N/A 

i. Green Growth Policies:N/A

ii. Green Investments:N/A

iii. Capacity Building and Knowledge Products: N/A 

We expect outcomes, Information Memorandum was completed in Nov 2019. Other outputs will be achieved in 2020. 

Number of staff provided

Project Manager: Tero Tapio Raassina 

Aaron Russell, Thiha Aung, Thinn Thinn Khaing 

Related

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Vanuatu National Green Energy Fund (NGEF)
Start Date Q4 2016
Funding Source
Actual Budget (USD) 10,000,000
Status Active
Thematic Area
  • Sustainable Energy
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