Solar Power Development Project (ADB-49450-009)

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
Sep 18, 2019
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
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)
$ 22.00 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 Oct 22, 2019

Disclosed by Bank Sep 26, 2019


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Project Description

According to the bank website, the proposed project "will support upscaling of solar power generation in Nauru. The project will (i) decrease the cost of power supply by replacing diesel power generation with solar power, and (iii) reduce greenhouse gas emissions through development of renewable energy."

 

Investment Description
  • Asian Development Bank (ADB)
Contact Information

Responsible ADB Officer Cinderella Tiangco
Responsible ADB Department Pacific Department
Responsible ADB Division PAEN
Executing Agencies Ministry of Commerce, Industry and Environment
Government House, Yaren Nauru
Ministry of Finance, Government Building, Nauru

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