MREF Impact Fund Mission Statement
MREF Model: EaaS
EaaS = Energy as a Service Model:
- prepaid, metered at each home
- MEDA buys electricity from MREF Power
for 200 mmk (about $0.13) per kWh
- MEDA re-sells the electricity to villagers
for 250 mmk (about $0.16) per kWh
- The distribution system/grid is owned
and operated by the local MEDA Association
Details:
Generating Capacity: 400 kWh
Generation via hybrid solar / diesel system,
with automated regulator
that maximizes solar usage
Estimated average project cost:
US$ 750,000 for about 400 households
Distribution system - US$ 400,000
Generation system - US$ 250,000
Engineering / management - US$ 100,000
Cost per household: US$ 1,875
(average; economies of scale apply)
Funding of project costs:
Public-Private partnership
Public:
National grant of up to 60% (US$ 450,000)
- available through World Bank Fund
Private:
MREF and selected partners