The Spark+ Africa Fund Provides US $3.5 Million in Carbon Finance to TASC for the Distribution of 90,000 Cookstoves in Zambia
LUXEMBOURG, June 12, 2023 /PRNewswire-PRWeb/ -- The Spark+ Africa Fund ("Spark+" or the "Fund") has provided US $3.5 million in long-term carbon project financing to a Mauritius-based subsidiary of TASC (the "Company"). It is the Fund's sixth transaction since it launched in March 2022.
- Spark+'s subsidiary TASC will distribute clean cookstoves to households in rural Zambia through a long-term carbon financing.
- LUXEMBOURG, June 12, 2023 /PRNewswire-PRWeb/ -- The Spark+ Africa Fund ("Spark+" or the "Fund") has provided US $3.5 million in long-term carbon project financing to a Mauritius-based subsidiary of TASC (the "Company").
- The project finance debt will enable TASC to distribute 90,000 wood cookstoves to bottom of the pyramid households in rural Zambia who are otherwise unable to afford high-quality improved cookstoves.
- Alick McIntosh, Chief Executive Officer, TASC: "TASC prides itself on implementing high-quality carbon projects with a focus on integrity and transparency.