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RWANDA COOKSTOVES

ACCELERATING CLEAN COOKING

Base Carbon funded the distribution of approximately 250,000 fuel-efficient cookstoves to households in rural areas of Rwanda.

Project Overview

  • In January 2022, Base Carbon entered into an agreement to fund the distribution of approximately 250,000 fuel-efficient cookstoves to families in rural areas of Rwanda.
  • Distribution completed in late 2022, on schedule and on budget.
  • In December 2023, Verra announced that it has applied “Article 6 Authorized Label” to the carbon credits from the Company’s Rwanda cookstove project, marking the first time Verra has applied such Article 6 Authorized Label to a carbon project registered in its Verified Carbon Standard Program.
  • The first Article 6 Authorized Label tagged carbon credits were transferred to Base Carbon in April 2024.

About This Project

  • Project partner DelAgua, in collaboration with local NGOs, has successfully completed the distribution of approximately 250,000 fuel-efficient cookstoves to participating households in rural areas of Rwanda.
  • The DelAgua Group has been active in Rwanda since 2012 and has distributed over 1.2 million stoves as part of its broader Tubeho Neza project.
  • The Tubeho Neza project is the largest of its kind in the world, anticipated to deliver a total of 2.3 million stoves to households in rural areas of Rwanda.

Capital Allocated

$8.8 million

Devices Distributed

~250,000

Project Status

Issuing

Anticipated SDGs

Credits Issued

717,558 as of April 2024¹

The project is registered with Verra’s Verified Carbon Standard.

#### The project is registered with Verra’s Verified Carbon Standard.

¹BCCPC and the DelAgua Group have reached an agreement with respect to the implementation of the letter of authorization with the Government of Rwanda. Article 6 Authorized labeled carbon credits issued from the Rwanda cookstoves project will be net of the 12% volume reduction outlined in the Government of Rwanda LOA. Based upon on this, and assuming all carbon credits from the Rwanda cookstoves project were issued with an Article 6 Authorized label, a new and revised aggregate minimum of 6.6 million carbon credits would now be subject to the revenue sharing arrangement between BCCPC and DelAgua. As of April 2024, 815,403 Article 6 Authorized Label tagged carbon credits have been issued by Verra, and 717,558 Article 6 Authorized Label tagged carbon credits have been transferred to the Company.

Please refer to the cautionary statement regarding forward looking information in Base Carbon’s most recent MD&A and Annual Information Form, available on www.sedarplus.ca and basecarbon.com, as well as the cautionary statement in the Investor Presentation.