At a Glance
|Strategic Outcomes||SO1, SO2, SO3|
|Start Date||Q1 Mar 1 2019|
|End Date||q1 Jun 30 2021|
|Actual Budget (USD)||90,109|
|Actual Expenditure (USD)||81,243|
|GGGI Share (USD)||90,109|
|Poverty and Gender Policy Markers||poverty|
|Name of Client (Lead/Prime implementer if GGGI is part of a consortium)||Aaron Russell|
|Participating Organization (Funding/donor)||Global Green Growth Institute|
|Name of consortium members, if any|
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.
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.
iv. Implementing Partners
- Environmental Conservation Department, Ministry of Natural Resources and Environmental Conservation Department
- Ministry of Agriculture, Livestock and Irrigation
- Ayeyarwady Regional Government
- Myanmar Rice Miller Association
Number of Implementing Staff
Project Manager: Tero Tapio Raassina
Aaron Russell, Thiha Aung, Thinn Thinn Khaing
News • April 23, 2018
April 19 – Jakarta – The Forestry and Environmental Research, Development and Innovation Agency (FOERDIA) of the Ministry of Environment and Forestry hosted a media trip on Thursday, April 19 attended by representatives of the Ministry of National Development Planning (Bappenas), the provincial government, the district government, related government offices as well as media partners […]
News • October 19, 2015
ADDIS ABABA, Ethiopia—From atop Mount Entoto, which rises 10,500 feet above sea level and draws thousands of pilgrims annually as one of this country’s most revered spiritual sites, it is impossible to look upon the sprawling capital below without sensing both the burden of Ethiopia’s history and the promise of its future. Addis Ababa, meaning […]
News • June 8, 2015
Highlights of the two-day International Conference held in Ulaanbaatar, Mongolia, which included GGGI’s participation and launch of reports on green growth initiatives in the Steppe country. Read the highlights here.
News • October 21, 2020
Ouagadougou, October 13-14, 2020 – The Global Green Growth Institute (GGGI) organized a workshop on the establishment of a National Financial Vehicle (NFV) to exclusively support the renewable energy sector. The main objective of the workshop was to share information on the initiative, gather information, and share experiences with the relevant stakeholders in the renewable […]