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Tajik entrepreneur invests in a modern energy efficient cold storage system

Investor
Individual entrepreneur
Location
Hisor, Tajikistan
Investment
Cold Storage
Investment Size
US$ 18,570
Financial results
Payback in 2 years
Energy savings
4,900 kWh/year
CO2 savings
73,5 kg/year
Donor
EU, GCF, South Korea

Investment in a cold-storage to store fruits and vegetables for winter season

Mr. Fathiddin Raupov has been selling construction materials in the Hisor market in central Tajikistan for the last 15 years. He was looking for an opportunity to diversify his business and increase his income.

Mr. Raupov approached one of the EBRD’s partner banks for a loan of US$ 18,570 and invested in a cold storage with a total capacity of 300 tons. Based on his strong building expertise, he will construct cold storage within his home compound, having obtained the loan under GEFF project to purchase 2 chillers.

Even though the energy savings in dollars is considered minimal due to the low energy tariffs in Tajikistan, these cold storage systems ensure an adequate supply of fruits and vegetables in winter and spring which allows the population to access a minimum supply of nutrition and vitamins which otherwise will not be possible. For rural areas in Tajikistan where electricity cuts are common, cold storage solutions ensure that fruits and vegetables remain fresh after harvests for a longer period of time. This in turn helps to strengthen Tajik agricultural supply chains.

The European Union investment incentives of 30% is available which makes the financing more accessible to farmers.

“From next year onwards, we will offer storage services for wine grapes for other farmers” asserted Mr. Raupov.

GEFF Tajikistan is supported by the European Union, the Green Climate Fund and South Korea.

GEFF Tajikistan [Agricultural Value Chains] helps Tajik farmers and agribusinesses adopt technology solutions that can enhance competitiveness of the agricultural value chains.

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