Provincial Renewable Energy Project (ADB-46014-002)

Countries
  • Solomon Islands
Where the impacts of the investment may be experienced.
Specific Location
Auki, Malaita Province
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 12, 2014
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Solomon Islands, Ministry of Mines, Energy and Rural Electrification
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD)
$ 6.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 6.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Investment Amount (USD)
Not Disclosed
When disclosed, the bank did not provide this value. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 20, 2017

Disclosed by Bank Sep 28, 2016


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Project Description
According to ADB website, ADB is helping the Solomon Islands shift to reliable, cleaner power in provincial centers. The project will assist the Solomon Islands Electricity Authority (SIEA) in installing hydropower generation to replace diesel generation, and extend the power grid to new households. It will construct the Fiu River Hydropower Plant near Auki, Malaita, and also train staff in hydropower plant operation. The project would be the first utility scale renewable energy project in Solomon Islands. The impact of the project will be increased economic activity in Auki, Malaita Province. The outcome of the Project will be increased supply of more reliable and cleaner power to Auki, Malaita Province. This project is associated with a closed project under ADB (ADB-46014-001).
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: Maxwell, Anthony Pacific Department, ADB No contact information provided at the time of disclosure. Executing Agency: Ministry of Mines, Energy and Rural Electrification Email Address: MARY@MINES.GOV.SB P.O Box G37, HONIARA, Solomon Islands ACCOUNTABILITY MECHANISM OF ADB The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main