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)|
|Participating Organization (Funding/donor)|
|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.
Number of staff provided
Project Manager: Tero Tapio Raassina
Aaron Russell, Thiha Aung, Thinn Thinn Khaing
Review of GGGI’s Experience to Design and Operationalize National Financing Vehicles to Finance Climate and Green Growth Policy Implementation
Project Reference Profiles – Senegal(SN2) Green Secondary Cities Wastewater, Plastic Waste and WEEE Management: Innovative Business Model
|Start Date||Q1 Jan 1 2019|
|Actual Budget (USD)||837,170|
News • February 4, 2020
On February 04, Fiji Prime Minister Hon. Voreqe Bainimarama officially opened the Regional Pacific Nationally Determined Contributions (NDC) Hub Office at the Pacific Community (SPC) campus in Suva, Fiji. This marked an important milestone for Pacific Island member countries determination to take a leading role in meeting the climate change targets set out in the […]