Pacific Energy Update 2014
The Pacific region is highly dependent on imported fossil fuels for its energy needs. Pacific developing member countries are extremely vulnerable to the volatile and high cost of imported fuel, which strains their economies and trade balances.
Between 2005 and 2030, demand for electricity in the Pacific region is expected to grow by about 7.0% annually, while electricity generation is estimated to increase by 6.4% annually. Pacific developing member countries will likely remain dependent on expensive imported fossil fuels as the dominant source of electricity generation at least until 2030. However, they are also making increasing progress in developing alternative renewable energy sources and using available energy more efficiently.
ADB provides assistance to the energy sector in Pacific developing member countries to help reduce their heavy reliance on costly fossil fuels; and have reliable, adequate, and affordable energy for economically, socially, and environmentally sustainable growth. ADB enables governments of developing member countries to embark on projects that will result in greater energy security and sustainability in the region. ADB’s energy programs in developing member countries focus on three pillars:
- promoting energy efficiency and renewable energy;
- maximizing access to energy for all; and
- promoting energy sector reform, capacity building, and governance.
ADB is working to assist in the development of the energy sector in 14 Pacific developing member countries through technical assistance, loan, and grant financing. ADB provides support for the rehabilitation and expansion of power sector infrastructure, improvement of electricity access rates, expansion of renewable energy generation, and improvement of end-use efficiency. ADB is currently implementing energy projects in ten Pacific developing member countries — the Cook Islands, Fiji, the Marshall Islands, the Federated States of Micronesia, Nauru, Papua New Guinea, Samoa, Solomon Islands, Tonga, and Vanuatu.
This document provides an update of ongoing Pacific energy projects and proposed assistance for 2014.
- ADB Energy Projects in the Pacific
- Regional Initiatives
- Cook Islands
- Marshall Islands
- Federated States of Micronesia
- Papua New Guinea
- Solomon Islands