SUNREF, AFD’S GREEN FINANCE LABEL
AGENCE FRANÇAISE DE DÉVELOPPEMENT
Development of SUNREF’s range of services
TURKEY • • •LEBANON •• ARMENIA JORDAN •
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MOROCCO
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TUNISIA
MEXICO
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EGYPT
WAEMU *
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• PERU
• BRAZIL
• •
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• •
CHINA
INDIA EAST AFRICA
• INDONESIA
• •
• NEW CALEDONIA
INDIAN OCEAN
SOUTH AFRICA
* Benin, Burkina Faso, Côte d’Ivoire, Guinea Bissau, Mali, Niger, Senegal, Togo.
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A project financed by the Cooperative Bank of Kenya: Improving the energy efficiency of a dairy cooperative The dependence of Kenya’s economic growth on its resources and its demographic pressure make the sustainable management of energy resources a key challenge for the country. AFD has allocated a EUR 30m concessional SUNREF loan to Co‑operative Bank of Kenya, the country’s third largest bank, in order to support projects with high energy efficiency and renewable energy potential. This loan is combined with a technical assistance program financed by the European Union. Under this program, Co-operative Bank of Kenya has allocated a loan to the Meru Central Dairy Cooperative Union whose processing activities (production of ice-cream, milk powder) offer beneficial growth drivers on a dynamic market. The financing of more efficient equipment in terms of energy consumption (boilers, electrical and compressed air systems…) has reduced operating costs, increased the processing capacity and reduced production losses. With a total cost of USD 2.3m, the project allows an annual energy saving of 1.4 GWh and a reduction of 532 tons of CO2 equivalent. This project meets the eligibility criteria of SUNREF. It has been assessed, then validated from a technical point of view, by the consultants of the technical assistance program.
A project financed by UBCI in Tunisia: Recovering industrial waste and improving the energy efficiency of a company in the agri-food sector Faced with an increasing structural energy deficit, Tunisia has implemented a proactive energy management and environmental preservation strategy. In the industrial sector, AFD assists these public policies by supporting productive investment. The partnership initiated by AFD with the bank UBCI to finance environmental projects results in investments financed by a dedicated credit line. This range of environmental financing is also followed up by a technical assistance program and a grant allocated by the European Union. One of the beneficiaries of this program is the company El Mazraa (Poulina Group), for a total amount of EUR 4.9m, to finance energy efficiency investments (installation of a 5 MW cogeneration unit) and recover industrial poultry waste to produce food for animals. This project has reduced the company’s consumption by 2,500 toe fuel, thereby reducing greenhouse gas emissions by 5,500 tons of CO2 equivalent. Some 7,300 tons of poultry waste are also recovered every year.