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Q4 2016 Update - The Stove Auction, Cambodia

20/12/2016

 
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As of early October, C-Quest Capital (CQC) Cambodia is under contract with SNV Netherlands Development Organisation Cambodia to manage The Stove Auction project. The Stove Auction is an innovative concept developed by SNV that facilitates the sale of advanced biomass stoves between international stove suppliers and local distributors through an auction platform in Cambodia.

As of mid-December 2016, 16 auctions have been conducted with 3,604 advanced biomass stoves sold. The auctions started in late March 2016 under SNV management and transitioned to CQC in October 2016. CQC has implemented the past 5 auctions, selling 2,176 stoves in just the past 2.5 months. 

“So far so good” is how CQC’s Chief Operating Officer, Jason Steele, explains the progress of the world’s first wholesale auction for advanced biomass stoves.  “We are testing a hypothesis for a new way of developing the market for advanced biomass stoves, which have struggled to gain market share in most other places in the world. And so far, it is going quite well. The market is reacting positively to these stoves. We have 10 registered bidders and half of them are quite active, returning to the auction on multiple occasions for more stoves. We see evidence of their consumer sales records when they claim their results-based-financing payments, so we know people are buying them and paying retail prices that most other development practitioners in- and outside of Cambodia said would be impossible. Consumers in poorer strata do care about their cooking appliances and are willing to pay more for the benefits that these stoves provide,” explains Steele.

“The auction is not without its challenges though. We see auction prices remaining on the lower end and stagnant, requiring more results-based financing funds to fill the gaps. We have plans to address this through a new reserve price policy by setting a specific floor price per stove per auction that gradually increases over time, and of course to increase the number of registered bidders thereby increasing competition and having bid amounts increase naturally. The reserve prices will be published compared to how it is now, which is a hidden reserve price that has been a fixed percentage of the Full Wholesale Value of the stove that increases on a periodic basis,” explains Steele. 

Advanced biomass stoves purchased through the auction have reached consumers in 16 provinces to date, the majority in Svay Rieng, Kampong Speu, Prey Veng, and Phnom Penh. The buyers of the stoves at auction are locally registered companies in Cambodia, mostly with a last-mile distribution sales and marketing approach. They place their bids on auction day via SMS messaging and receive periodic updates throughout the day on the status of their bids, giving them a chance to increase their bid price and volumes if desired.
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The Stove Auction warehouse managed by CQC is located in Phnom Penh Thmei district in Phnom Penh. It is currently filled with the world’s most efficient and cleanest portable biomass stoves, including the ACE-1 Solar Biomass Cookstove produced by African Clean Energy (a Dutch company manufacturing in Lesotho), Mimi Moto Cookstove produced by Mimi Moto (a Dutch company manufacturing in China), Prime Fuelwood Square produced by Prime Cookstoves (manufactured in Indonesia), and 3G Small produced by Solar Serve (manufactured in Vietnam).
For more information about The Stove Auction, please visit www.thestoveauction.org

C-Quest Capital manages The Stove Auction trading platform in Cambodia

12/10/2016

 
CQC launched a fully owned subsidiary, C-Quest Capital (Cambodia) Co., Ltd., in Cambodia in early September 2016 to manage The Stove Auction project funded by SNV Netherlands Development Organisation and GIZ/Energising Development and to further grow its business in Southeast Asia. The Stove Auction is an innovative concept developed by SNV that facilitates the sale of advanced biomass stoves between international stove suppliers and local distributors through an auction platform.

CQC signed an agreement with SNV to manage The Stove Auction as of 3 October 2016. The Stove Auction project in Cambodia is expected to distribute over 40,000 advanced biomass cookstoves over the next three years.
Please read the joint press release issued by SNV, CQC and EnDev.
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For more detailed information about The Stove Auction, please visit www.thestoveauction.org

Request for Expression of Interest: Selection of a Third Party Agent to operate 'The Stove Auction' in Cambodia

14/7/2016

 
Request for Expression of Interest: Selection of a Third Party Agent to operate 'The Stove Auction' in Cambodia (145kb)

SNV is looking for a Third Party Agent to manage the day-to-day operations of The Stove Auction trading platform in Cambodia and to administer the related results-based financing (RBF) payments to participating stove suppliers and distributors/retailers. The Third Party can be a private company or NGO and must have experiences in the following areas: a) market-based clean cookstove intervention implementation; b) fund management; c) innovative financing; and d) enterprise development, especially those working in the area of last mile distribution of household products.

If you are a private company or NGO interested in this call and you feel that you match the criteria, please submit a clear EoI to SNV that covers the criteria mentioned above.

Deadline for applications is 22 July 2016, 5pm Cambodia time.

Download the full call for tender here.

Quantified positive health impact of clean cooking solutions paves the way for results-based financing

16/3/2016

 
Quantified positive health impact of clean cooking solutions paves the way for results-based financing (1.6 MB) (December 2015)

Research executed by the Berkeley Air Monitoring Group (BA) in Cambodia has quantified the positive impact of clean cooking interventions on people’s health. This is a major breakthrough as it can help make such interventions more marketable and attractive for (results-based) financing, improving the lives of millions.

Since 1989, SNV has implemented clean cooking projects in over 25 countries in Asia, Africa and Latin America. About four million people have benefitted from these activities. However, the required scaling of this practice is hindered by the limited investment of the public and private sector. The level of investment is not proportionate to the size of the problem: the daunting figure reported by the Global Alliance for Clean Cookstoves is over four million people dying prematurely every year from household air pollution related to cooking with solid biomass fuels (more than HIV/AIDs, tuberculosis and malaria combined). One way to improve the financial viability and level of investment in clean cooking intervention programmes is to prove and monetise the health benefits.

This is why SNV commissioned the research in Cambodia: to quantify the health impacts of the ACE-1 gasifier stove and the biogas stoves, locally produced under the National Biodigester Programme. The applied methodology estimates the averted premature death and disability through averted disability-adjusted life years (ADALYs). The ACE-1 sub-study was conducted in 24 peri-urban and 24 rural wood-burning households and involved measurements of personal exposure, kitchen air pollution and stove use before and after the introduction of the stove (before-after study design). The biogas sub-study was conducted in 24 rural biogas households and 24 rural control households (cross-sectional study design) and involved the same types of measurements.  READ FULL NEWS ARTICLE


The Cambodia Daily: Netherlands to Bring Clean Stove Auction to Cambodia

24/1/2016

 
Netherlands to Bring Clean Stove Auction to Cambodia by Peter Ford of The Cambodia Daily (22 January 2016)
Quoted from article
"A pilot project to bring clean-burning portable stoves to Cambodia was announced on Monday by the Netherlands Development Organization (SNV), which hopes to expand the venture to neighboring Laos and Vietnam."... Read full article here.

The Stove Auction - A new innovative trading platform for clean cookstoves in the Mekong Region

18/1/2016

 
Phnom Penh, Cambodia, 18 January 2016 –   On January 18th, SNV Netherlands Development Organisation, with support from GIZ / Energising Development (EnDev) launched The Stove Auction, a new innovative approach to accelerate the market for advanced biomass stoves in Southeast Asia. The Stove Auction will operate in Cambodia, Laos, and Vietnam where over 65 million people still cook with traditional biomass stoves that contribute towards local natural resource degradation, and generate significant amounts of greenhouse gas emissions and smoke that pollutes kitchens and ambient air. According to the WHO’s Global Health Observatory Data Repository report, no less than 60,000 people die each year in these countries as a consequence of inhaling smoke from cooking, which is almost as much as  diarrhea, malaria, HIV AIDS and tuberculosis combined. This health-hazard can drastically be reduced by advanced biomass stoves known as gasifiers.

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