Increasing Access to Renewable Energy Project - Second Additional Financing (ADB-49450-042)

Countries
  • Tuvalu
Geographic location where the impacts of the investment may be experienced.
Specific Location
Nukufetau, Nukulaelae and Nui
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
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
B
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Government of Tuvalu - Ministry of Finance
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 8.84 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Other Related Projects
Primary Source

Original disclosure @ ADB website

Updated in EWS May 13, 2024

Disclosed by Bank Apr 16, 2024

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to the Bank’s website, the proposed Second Additional Financing project will build on the outer islands component of the Increasing Access to Renewable Energy Project (IAREP) and replicate the productive uses of energy (PUE) and sustainable blue economy (SBE) elements introduced in the first additional financing of IAREP. The proposed project will install battery energy storage systems (BESS) in the outer islands of Nukufetau, Nukulaelae and Nui to enable the full utilization of the solar photovoltaic array being installed under the ongoing IAREP. The new lithium-ion BESS will replace lead-acid batteries installed in the last ten years. The project will also install PUEs and SBEs relevant to each island and could include electric vehicles (bikes, motorbikes, boats) and charging stations, ICT equipment for connectivity and disaster preparedness, ice-making and water supply facilities.

The second additional financing is designed to support innovative climate-adapted solutions supporting (i) a climate-resilient and sustainable energy supply system, (ii) improved resilience of vulnerable communities through SBE approaches, and (iii) improved disaster preparedness, with particular focus on the outer islands.

Early Warning System Project Analysis
For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

Environment: B

Involuntary Resettlement: C

Indigenous Peoples: C

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Asian Development Fund: US$ 7.00 million

Global Environment Facility: US$ 1.84 million


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

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.

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How it works