Access to Clean Energy Through Micro-finance (Cleanstart-ACE)

Duration: 2014- 2017

Project Location: Kalikot, Myagdi, Tanahu, Palpa, Nawalparasi, Chitwan, Kavre, Ramechap, Mahottari, Udayapur, Sunsari, Morang, Jhapa, Ilam, Panchtnar

Partners: UNCDF, ACE Development Bank, Alternative Energy Promotion Centre (AEPC), Local Financial Institutions (LFIs) and Winrock International.

Focal Person: Mr. Pashupati Prasad Khatri (Project Manager)

Status: Completed

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Coverage: Chitwan, Ilam, Jhapa, Kalikot, Kavrepalanchok, Mahottari, Morang, Myagdi, Nawalpur, Palpa, Panchthar, Parasi, Ramechhap, Sunsari, Tanahun, Udayapur

Project Objectives:

1. To promote renewable energy technologies (RETs) based on requirement to increase     energy access

2. Increase financial access of rural communities for access to energy and enhanced livelihoods

3. Assist ACE to increase investment in RETs and other clean energy projects

Expected Outcomes:

1. Increased credit financing for RETs through LFI networks

2. Enhanced capacities of LFIs and ACE Development Bank to finance RETs as loan product

3. During the project period 1,696 biogas plants, 1,806 SHSs, and 13,566 ICS will be installed

4. Establish wholesale loan relationship between banks and LFIs for renewable energy & SMEs financing