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Universal CPLP

Sector: Seaport • Location: Maldives

Source: International Finance Corporation (IFC)

Project
Completed

Universal Enterprises Private Limited (UEPL) has proposed a series of investments to increase energy efficiency and reduce water consumption across four of its resorts in the Maldives. Overall, project implementation is expected to reduce energy consumption by 15.9% and water consumption by 4.7% annually. The recommended project encompasses the optimization of steam, water, lighting, refrigeration

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Project Information

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The project “Universal CPLP” is an infrastructure initiative in the Seaport sector, located in Maldives. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

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Status

Original status

completed

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Description

Description

Universal Enterprises Private Limited (UEPL) has proposed a series of investments to increase energy efficiency and reduce water consumption across four of its resorts in the Maldives. Overall, project implementation is expected to reduce energy consumption by 15.9% and water consumption by 4.7% annually. The recommended project encompasses the optimization of steam, water, lighting, refrigeration and air-conditioning systems and diesel generator (DG) sets. Together, these “Cleaner Production” investments qualify for funding via IFC’s Board-approved Cleaner Production Lending Pilot facility, a $20 million facility that enables IFC to provide Cleaner Production sub-loans to its existing portfolio clients.UEPL is one of the largest integrated tourism companies in the Maldives, with a portfolio of eight resorts and allied businesses including a cruise ship, travel agencies, tour operations, transportation, water bottling, resort supplies, etc. which together employ over 3,000 people. UEPL has been an IFC client since 2005.

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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