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According to the Bank’s website, the project will finance the expansion of clean cooking activity of the company Burn Manufacturing in Kenya, Tanzania and potentially other African countries.
This operation provides access to clean cooking for households and micro-entrepreneurs by co-financing the design, production, distribution, and payment plans of IoT tech-enabled electric induction cooking systems. The operation will generate high socio-economic impact as it results in a significant improvement of indoor air quality for final beneficiaries, it reduces the time required for cooking and fuel collection, it will result in cost savings due to the much higher efficiency of electric cooking, and it will generate strong environmental and climate benefits, as it supports a transition away from polluting and unsustainably harvested biomass towards modern clean cooking.
Environmental aspects
Each electric cooking system is expected to contribute CO2 emission reductions in the order of 2-3.5 tons per year (depending on the local cooking-fuel baseline and CO2 intensity of electricity used). The operation is therefore contributing fully to the Bank's Climate Action objective. It is aligned with the Bank's Energy Lending Policy, which includes in its eligibilities for Bank financing "clean cooking solutions for households outside the European Union".
| Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
|---|---|---|---|---|---|---|
| - | - | - | - | BURN MANUFACTURING MAURITIUS LTD | Client | - |
No contacts available at the time of disclosure.
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.eib.org/en/infocentre/registers/request-form/request-form-default.htm
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