Cook Islands gets energy saving cold room equipment

2013-06-04T12:00:00Z

<p style="text-align: justify;">A Memorandum of Understanding was signed last week by the Asian Development Bank (ADB), the Government of the Cook Islands, and the white goods retailers-Motor Centre and the Cook Islands Trading Corporation Ltd.<!--more--></p>
<p style="text-align: justify;">The MOU supports the Fridge and Freezer Replacement Programme, which is one of several energy efficiency projects being developed and implemented under the Promoting Energy Efficiency in the Pacific-Phase 2 Project.</p>
<p style="text-align: justify;">The Fridge and Freezer Replacement Programme will encourage households to replace their old inefficient fridge/freezer (5 years or older) with high-energy efficient models. The program, financed by ADB, will subsidise participating retailers in the Cook Islands, enabling them to sell new high-energy efficient fridge/freezers at the market price of a low energy efficient one.</p>
<p style="text-align: justify;">The project, co-financed by: ADB, the Government of Australia, the Global Environment Facility and the Asian Clean Energy Fund under the Clean Energy Financing Partnership aims to reduce energy consumption in the residential, commercial and public sectors through the implementation of energy efficiency measures, and to establish policy frameworks to help Cook Islands move away from fossil fuel dependency.</p>
<p style="text-align: justify;">The programme will reduce electricity consumption in the Cook Islands by promoting high-energy efficient fridge/freezers. Under the programme, the retailers will offer rebates between NZ$150 and NZ$500 to customers purchasing selected high efficient fridge/freezer models, in exchange for their old, working low efficient fridge/freezer of similar capacity.</p>
<p style="text-align: justify;">The fridge/freezer replacement program aims to initially cover 325 households in Cook Islands over a one-year period. It is expected, the programme will transform the fridge/freezer market from low energy efficient to high energy efficient models, resulting in a reduction of electricity consumption of approximately 20-30% for each participating household.</p>
<p style="text-align: justify;">Significant cost savings in household electricity bills and increased awareness of energy appliance labeling and the benefits of using energy efficient appliances are also expected benefits of the program.</p>
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