Energy for Prosperity
Yaung Chi (‘radiance’ in the Myanmar language) is a three-year project to stimulate economic growth and improve health and educational outcomes through the productive use of energy. Pact will work with up to 70 unelectrified villages in Meiktila Township, Mandalay Region to promote women’s entrepreneurship through training, skills development and linkages with government and financial service providers; advance small enterprise development through standalone decentralized energy solutions; and electrify rural education and health facilities. The project will build the local governance capacity for administering loan schemes for productive use equipment and the operations and maintenance of roof-top solar projects for public facilities by community members, leading to long-term self-reliance.
Pact Ventures invested Series A equity in a company that designs and manufactures off-grid solar appliances and income-generating solutions for base of the pyramid customers. Its affordable, modular solar home systems, lifestyle and productive-use appliances improve health, environmental, and livelihood outcomes. Through this investment, Pact is leveraging its on-the-ground presence to provide communities with access to affordable, reliable energy.
Smart Power Myanmar
Smart Power Myanmar is accelerating access to renewable energy for poor and vulnerable people in Myanmar by bringing together key players in the public and private sectors, spurring economic growth and transforming lives in rural communities. The Smart Power Myanmar facility is building a viable, decentralized renewable energy ecosystem by ensuring the right incentives and policies are created to expand the reach of productive power to those who live without sufficient access, with a focus on customer-centered solutions, long-term socio-economic development and systemic change. The Smart Power Myanmar facility aims to mobilize hundreds of millions of dollars to support the rollout of thousands of mini-grids and other rural electrification solutions that are in line with Myanmar’s National Electrification Plan. In addition to The Rockefeller Foundation, the facility’s founding members include The World Bank, USAID and Yoma Strategic Holdings. Learn more at smartpowermyanmar.org.