CQC launched a fully owned subsidiary, C-Quest Capital (Cambodia) Co., Ltd., in Cambodia in early September 2016 to manage The Stove Auction project funded by SNV Netherlands Development Organisation and GIZ/Energising Development and to further grow its business in Southeast Asia. The Stove Auction is an innovative concept developed by SNV that facilitates the sale of advanced biomass stoves between international stove suppliers and local distributors through an auction platform.
CQC signed an agreement with SNV to manage The Stove Auction as of 3 October 2016. The Stove Auction project in Cambodia is expected to distribute over 40,000 advanced biomass cookstoves over the next three years.
Please read the joint press release issued by SNV, CQC and EnDev.
For more detailed information about The Stove Auction, please visit www.thestoveauction.org