Pacific Islands Renewable Energy Investment Program (GCF-FP036)

Countries
  • Cook Islands
  • Marshall Islands
  • Micronesia
  • Nauru
  • Papua New Guinea
  • Samoa
  • Tonga
Where the impacts of the investment may be experienced.
Financial Institutions
  • Green Climate Fund (GCF)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
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
Dec 1, 2016
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
Asian Development Bank
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)
$ 17.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 26.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ GCF website

Updated in EWS Jul 12, 2018


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Project Description

The programme will help Small Island Developing States (SIDS) shift from reliance on imported diesel to renewable energy. The project will include feasibility studies on  the expansion of renewable energy coverage,  power utility management reform and private sector engagement by identifying opportunities for independent power providers. The GCF website states that "The programme will also assist the Cook Islands install battery storage which will help spur private sector investment to pave the way towards Cook Islands' national target of 100 percent renewable energy by 2020."

Investment Description
  • Green Climate Fund (GCF)

Co-financing:

Asian Development Bank US$ 5 million (Grant)

Government US$ 4 million (Grant)

Private Actors
Contact Information

Accredited Entity
Asian Development Bank (ADB)
Mr. Saad Paracha
Tel: +63-2-632-4474
Mr. Christian Ellermann
Tel: +63-2-632-4564
adb-gcf@adb.org

Cook Islands: Climate Change Division of the Office of the Prime Minister
Mr Wayne King wayne.king@cookislands.gov.ck, +682 25494

Marshall Islands: Office of Environmental Planning and Policy Coordination (OEPPC)
Mr Clarence Samuel Work: +692 625-7944

Micronesia:
Department of Finance and Administration
Ms Sihna N Lawrence, lawrence.sihna@gmail.com

Nauru:
Department of Foreign Affairs and Trade
Mr Michael Aroi, +674 557 3133 ext. 387 Mobile: +674 557 3040
 
Papua New Guinea: Office of Climate Change and Development (OCCD)
Mr. Ruel Yamuna, ryamuna@gmail.com

Samoa:
Ministry of Finance
Mr. Lavea Tupaimatuna Iulai Lavea, +685 34333

Tonga:
Ministry for Metereology, Energy, Information, Disaster Management, Environment, Climate Change and Communications (MEIDECC)
Mr. Paula Pouvalu Ma’u, +676 28170, paulm@mic.gov.to
Ms. Luisa Tuiafitu Malolo, ltuiafitumalolo@gmail.com

ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND

The Independent Redress Mechanism (IRM) is the independent complaint mechanism for a person or people who have been or believe they are likely to be adversely affected by a project or programme funded by the Green Climate Fund. If you submit a complaint to the IRM, it may seek to address the issues raised by facilitating a problem-solving dialogue or, if that is not possible, conducting an independent investigation into whether the GCF has complied with its environmental and social policies. The IRM is newly created and is still in the process of developing its procedures and website. More information about the IRM and how you can file a complaint is forthcoming. You can contact the IRM at irm@gcfund.org.