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builds, funds, and operates solar projects. Since then, we conserve forest and woodlands in Rwanda, and improve
have secured over 300MW of projects and currently have the health and social conditions of households across
a pipeline of over 2GW. We have also reached financial the country. BBE RED has also committed to launching
close on a solar PV and a hybrid battery energy storage a landmark wetland restoration project, which will safe-
system (BESS) for the ‘Balama Graphite Mine’ (Mine) in guard thousands of hectares of wetland around Rwanda.
Mozambique. The hybrid power system will deliver clean Wetlands are carbon-rich ecosystems, which absorb
and reliable power to the ‘Mine’ resulting in operational carbon as they grow; the carbon remains in the soil for
cost savings and significant reductions in CO 2 emissions. thousands of years thereafter, making them significant
carbon sinks.
BB Energy expanded its investments into carbon emission
reduction initiatives, with a geographical focus on en- BB Energy investment in renewable energy projects re-
vironments and ecologies within which the Group had iterates our commitment to support the energy transi-
existing activities. In November 2021, BBE RED signed tion through delivering sustainable and cleaner energy
a Memorandum of Understating (MoU) with the Ministry solutions to our customers, and the local communities in
of Environment of the Republic of Rwanda to launch which we operate.
various initiatives aimed at improving the well-being of
the Rwandan people and their surrounding environment. Last but not least, I would like to wholeheartedly thank
Within that scope, two initiatives stood out to us as each one of our team members across the various func-
ones that could offer the most social and environmental tions and business lines for their unwavering commit-
benefits to the local communities – an Improved Cook- ment and dedication to BB Energy. Without them, we
stove (ICS) project, and a wetland restoration project. could not have been resilient and agile to adapt rapidly
to these challenging volatile market conditions and tur-
The ICS project is being rolled out this summer, and bulent geopolitical situation which allowed us to achieve
we aim to distribute 200,000 clay stoves to communi- this strong performance in 2021.
ties across the country. The stoves require significantly
less firewood than traditional cooking methods, which Mohamed Bassatne
will result in a reduction of firewood consumption. The CEO
overall objective is to reduce greenhouse gas emissions, BB Energy Group Holding Ltd.

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