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AFRICA CARBON ONE LIMITED (ACOL)
Zambia cookstove distribution project developed and operated by The African Stove Company (TASC)
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TECHNOLOGY AND BUSINESS MODEL
Cookstove distribution project backed by carbon credit off-take agreement with voluntary market buyer
COUNTRIES OF OPERATION
Zambia
E&S RISK CLASSIFICATION
C - Low Risk
SPARK+ INVESTMENT
$3.5 million project finance debt investment
USE OF PROCEEDS
Procurement of 90,000 Burn Ecoa stoves, distribution and monitoring activities, and the costs associated with carbon verification and issuance.
WEBSITE
The project's sponsor, TASC, is an experienced carbon project developer, developing and implementing projects that generate voluntary market emission reductions (commonly referred to as carbon credits) via the distribution of improved cookstoves. The targeted market for the project includes rural and peri-urban communities near the Katete region in Zambia, where access to clean and improved cooking solutions is very limited.
ACOL is a Mauritius-based special-purpose vehicle (SPV) established by TASC in conjunction with Spark+ financing.
