Electricity Supply Security and Sustainability - Additional Financing (ADB-46455-004)

Countries
  • Nauru
Where the impacts of the investment may be experienced.
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
Oct 16, 2015
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 Nauru, Ministry of Finance
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
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 4.74 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)
$ 4.74 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Nov 14, 2017

Disclosed by Bank Jul 30, 2015


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Project Description
According to ADB website, Nauru is a Pacific island country with a total population of 10,000 people. Access to grid electricity is universal, but unreliable, due to underinvestment and poor maintenance history of its generation and distribution assets. Installed generation currently comprises eight units with a total nameplate capacity of 12.9 megawatts (MW). However, Nauru's available capacity is only 3.7 MW due to inoperability (two units) and de-rating of installed units. Current peak load is 3.75 MW. Scheduled curtailments are a constant feature of electricity service in Nauru and unscheduled outages due to faults are frequent. The physical structure of the power house at Nauru Utility Corporation (NUC) is likewise in poor condition and is vulnerable to Nauru's electricity supply security. Addressing reliability and efficiency shortcomings in Nauru's current diesel generation fleet is of the first-order priority to mitigate the risk of catastrophic failure of Nauru's power generation.
Investment Description
  • Asian Development Bank (ADB)
Contact Information
Project Officer: P.P.G.P.P. Indrawansa Pacific Department No contact information provided at the time of disclosure. 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