Special Financing Rate for Energy Efficient Products

Under an agreement signed with The Ministry of Environment, Climate Change and Technology, we have started implementing a financing scheme to encourage the use of energy efficient “Hakathari” appliances. The financing scheme is designed as a list-based financing scheme which will allow for the purchase of 3, 4 and 5 star rated appliances from the list of items labelled under the Hakathari Program. Under the financing scheme, Hakathari appliances can be purchased at a rate of 10% per annum. The Hakathari Program will contribute to the sustainable development of the Maldives.

This effort is supported by the Strengthening Low Carbon Energy Island Strategies (LCEI) Project currently being implemented by the Ministry, which is funded by the Global Environment Facility (GEF) and administered by the United Nations Environment Programme (UNEP).

For more information about the Hakathari program, please visit: https://bit.ly/3wnh7lr