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On June 8, 2017, Ci-Dev signed an emissions reduction purchase agreement (ERPA) with Inyenyeri for the purchase of 600,000 certified emission reductions (CERs) to be generated through end 2023.
Inyenyeri sells, on a commercial basis, biomass fuel pellets (BFPs) at a price competitive with or below the cost of charcoal to households in Rwanda. Alongside this, the company aims to lease or distribute for free about 345,000 clean cookstoves (of clean Tier 4 quality) to approximately 188,000 Rwandan families to generate demand for its BFPs. It will collect sustainably-sourced raw biomass from rural households to manufacture the BFPs, which it will sell to urban and peri-urban households that currently purchase charcoal. The company has also used the Ci-Dev ERPA to secure up-front financing.