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Renewable energy project needs financing
Fri, 06 Nov 2009 15:40


Region
Malawi

Sector
Energy

Summary:
Bio Energy Resources LTD (BERL) is seeking financing for a renewable energy project involving the planting and processing of Jatropha curcas. The project's objective is to introduce the use of biodiesel to rural communities in Malawi.
Contact
Noel Lihiku

Email
nlihiku@mipamw.org

Tel
+265 9 288 073 or + 265 8 369 402


Bio Energy Resources LTD (BERL) is seeking financing for a renewable energy project involving the planting and processing of Jatropha curcas as an alternative source of energy for rural communities in Malawi. The company based in Lilongwe works with small-scale farmers through introducing and supporting the growing of the plant for biodiesel production. 

Most households are currently using firewood as a source of energy, leading to massive felling of trees. Using biodiesel as a source of energy will ease the rate of deforestation, which is currently causing soil erosion.  

Jatropha, a low maintenance, high yield, drought resistant crop, is also intended to supplement the cultivation of tobacco.

BERL is looking for a partner or a loan to facilitate planting and processing of a further 126,000 hectares of jatropha trees. 

The jatropha seeds will be processed into biodiesel while the remaining seedcake will be combosted to produce organic fertilizer. Seed husks can be used as a mushroom-growing substrate.

Estimated cost of needed investment : US$ 4,550,000.

Project status: Over 300 hectares of Jatropha curcas have been planted in the area around Salima. Four large nurseries have also been established to provide seedlings to individual growers and provide feedstock for larger plantations.

Development impact:

• Curb deforestation
• Improve health
• Increase incomes

For further information on this project or other renewable energy opportunities contact the Malawi Investment Promotion Agency (MIPA).  

Noel G. Lihiku
Planning and Research Manager
Email: nlihiku@mipamw.org

Tel: +265 9 288 073 or + 265 8 369 402

 

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