Original disclosure @ ADB website
Updated in EWS Jul 1, 2025
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As stated by the ADB, the proposed small-scale technical assistance (SSTA) aims to provide the necessary resources to prepare the SAM: Sun Pacific Solar Expansion Project for ADB's proposed financing. The SSTA will fund due diligence expenses required by ADB. Due to the small size of the transaction, the transaction costs are disproportionately high and warrant the use of grant financing. High diligence costs are a common barrier to nonsovereign financing in the Pacific. The TA will cover costs for (i) due diligence for environmental and social safeguards (E&S), (ii) legal due diligence, and (iii) the lender's technical advisor (LTA). Australia's Department of Foreign Affairs and Trade is providing funding for the SSTA through the Australian Climate Finance Partnership.
Funds, in the amount of US$ 225,000.00, will be provided by the Australian Climate Finance Partnership.
According to information provided by the ADB in a related project disclosure, the company implementing the solar power project is Sun Pacific Energy Ltd, a company linked to individuals involved in corruption scandals, as exposed by the ICIJ's Paradise Papers.
Private Actor 1 | Private Actor 1 Role | Private Actor 1 Sector | Relation | Private Actor 2 | Private Actor 2 Role | Private Actor 2 Sector |
---|---|---|---|---|---|---|
- | - | - | - | Sun Pacific Energy Limited | Client | Energy |
ADB Team Leader:
Pinnapa Satitpatanapan - Investment Specialist in ADB's Private Sector Infrastructure Finance Division
No contacts available at the time of disclosure.
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.adb.org/forms/request-information-form
ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals
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.