fbpx 49450-001: Pacific Renewable Energy Investment Facility (formerly Pacific Renewable Energy Investment Program) | Asian Development Bank

Regional: Pacific Renewable Energy Investment Facility (formerly Pacific Renewable Energy Investment Program)

Sovereign (Public) Project | 49450-001 Status: Active

Pacific Small Island Developing States (SIDS) are heavily dependent on diesel for power generation , which has resulted in high electricity tariffs. The average supply cost for electricity across the Pacific is $0.47/kilo-watt hour (kWh), which is high by international standards . However this increases significantly for the smaller, more isolated SIDS where the high cost of electricity is negatively impacting economic growth. Over reliance on imported fuel also depletes limited foreign reserves and exposes the SIDS economies to diesel price spikes. The investment program will target seven of the smaller Pacific SIDS with a combined population of around 500,000. All targeted SIDS have populations less than 200,000, with four less than 55,000.


 
Project Name Pacific Renewable Energy Investment Facility (formerly Pacific Renewable Energy Investment Program)
Project Number 49450-001
Country Regional
Project Status Active
Project Type / Modality of Assistance Technical Assistance
Source of Funding / Amount
TA 9242-REG: Pacific Renewable Energy Investment Facility
Clean Energy Fund under the Clean Energy Financing Partnership Facility US$ 3.00 million
TA 9242-REG: Pacific Renewable Energy Investment Program
Technical Assistance Special Fund US$ 2.00 million
TA 9242-REG: Pacific Renewable Energy Investment Facility (Supplementary)
Technical Assistance Special Fund US$ 1.20 million
TA 9242-REG: Pacific Renewable Energy Investment Facility (Supplementary)
Technical Assistance Special Fund US$ 900,000.00
TA 9242-REG: Pacific Renewable Energy Investment Facility (2nd Supplementary)
Technical Assistance Special Fund US$ 900,000.00
High Level Technology Fund US$ 500,000.00
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Regional integration
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Energy / Energy sector development and institutional reform

Gender Equity and Mainstreaming Effective gender mainstreaming
Description

Pacific Small Island Developing States (SIDS) are heavily dependent on diesel for power generation , which has resulted in high electricity tariffs. The average supply cost for electricity across the Pacific is $0.47/kilo-watt hour (kWh), which is high by international standards . However this increases significantly for the smaller, more isolated SIDS where the high cost of electricity is negatively impacting economic growth. Over reliance on imported fuel also depletes limited foreign reserves and exposes the SIDS economies to diesel price spikes. The investment program will target seven of the smaller Pacific SIDS with a combined population of around 500,000. All targeted SIDS have populations less than 200,000, with four less than 55,000.



Pacific SIDS have recognized the need to structurally shift power generation from diesel to renewable energy and all have aggressive national renewable energy targets, in some cases of up to 100% . While the seven target SIDS are endowed with cost-competitive renewable energy resources, lack of access to adequate funding has limited the uptake of renewable energy , and most SIDS have been unable to secure sufficient funding to significantly increase the renewable energy share of generation. In order to fill the financing gap, Pacific SIDS are encouraging private sector in the form of independent power providers (IPP's) to invest in the sector, however there are significant barriers to entry of the private sector. Additionally, SIDS face significant capacity barriers to plan, design, implement and manage renewable energy investments. Ongoing sector reform is required to encourage the structural shift to renewable energy. In general, Pacific SIDS are not currently on track to meet their aggressive renewable energy targets. If all proposed renewable energy projects with secure financing in the target SIDS are constructed, two SIDS would have over 40% renewable energy, however 4 of 8 would still only have less than 5% renewable energy

Project Rationale and Linkage to Country/Regional Strategy The investment program will address the upfront financing barrier for renewable energy, promote private sector investment, develop capacity for planning and project preparation of renewable energy, and support regulatory reforms. The proposed program will benefit SIDS economies through (i) improved balance of trade by reducing fossil fuel imports, (ii) improved energy security, (iii) downward pressure on tariffs, and (iii) reduced greenhouse emissions . The proposed investment program will support implementation of the regional Framework for Action on Energy Security in the Pacific (FAESP), which was endorsed by Pacific Leaders in 2010 . The FAESP outlines a roadmap to achieving secured supply, efficient production and use of energy for sustainable development through the following actions: (i) leadership, governance, coordination and partnerships; (ii) capacity development, planning, policy and regulatory frameworks, (iii) energy production and supply; (iv) energy conversion; (v) end-use energy consumption; (vi) energy data and information; and (vii) financing, monitoring and evaluation. The program also aligns with the energy sector development plan of the respective countries. The proposed investment program is consistent with the Pacific Approach . The detailed Sector Roadmap is presented in Appendix 3.
Impact
Project Outcome
Description of Outcome
Progress Toward Outcome
Implementation Progress
Description of Project Outputs
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Regional
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Business Opportunities
Consulting Services As of 15 September 2018, five consulting firms (for different countries) have been engaged to do the preparatory work for the ensuring projects; and 2 individual consultants.
Procurement No procurement packages.
Responsible ADB Officer Maxwell, Anthony
Responsible ADB Department Pacific Department
Responsible ADB Division PAEN
Executing Agencies
Asian Development Bank
6 ADB Avenue,
Mandaluyong City 1550, Philippines
Timetable
Concept Clearance -
Fact Finding -
MRM -
Approval 24 Nov 2016
Last Review Mission -
Last PDS Update 29 Sep 2018

TA 9242-REG

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
24 Nov 2016 - 24 Nov 2016 30 Nov 2026 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
5,000,000.00 3,500,000.00 0.00 0.00 0.00 0.00 8,500,000.00 24 Nov 2016 2,688,430.29

Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.

The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.

The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.

In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.

Title Document Type Document Date
Pacific Renewable Energy Investment Facility: Project Preparatory Technical Assistance Report Project Preparatory Technical Assistance Reports Nov 2016

Safeguard Documents See also: Safeguards

Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.


The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.

Requests for information may also be directed to the InfoUnit.

Tenders

Tender Title Type Status Posting Date Deadline
Stakeholder and Community Consultation Specialist Individual - Consulting Closed 20 Oct 2018 09 Nov 2018
Palau Energy Administration Individual - Consulting Closed 25 Sep 2018 01 Oct 2018
Financial Advisor Individual - Consulting Closed 14 Sep 2018 20 Sep 2018
Safeguards Specialist Individual - Consulting Closed 11 Sep 2018 17 Sep 2018
FEASIBILITY STUDY WASTE-TO-ENERGY OPTIONS Firm - Consulting Closed 11 Sep 2018 25 Sep 2018
ICS-Guarantee Specialist Individual - Consulting Closed 22 Feb 2018 07 Mar 2018
QCBS-Tuvalu Firm - Consulting Closed 16 Feb 2018 19 Mar 2018
Project Preparation-Consultancy Firm - Consulting Closed 16 Dec 2017 24 Jan 2018
Power Engineer Individual - Consulting Closed 25 Nov 2017 01 Dec 2017
Senior Energy Expert Individual - Consulting Closed 22 Sep 2017 28 Sep 2017
Project Preparation Consultant for SAM: Alaoa Dam Hydropower Project Firm - Consulting Closed 24 Jun 2017 24 Jul 2017

Contracts Awarded

Contract Title Approval Number Contract Date Contractor Contractor Address Executing Agency Contract Description Total Contract Amount (US$) Contract Amount Financed by ADB (US$)
Project Preparatory Technical Assistance 9242 05 Jul 2018 ENTURA (Hydro Electric Corporation)(AUSTRALIA) 89 CAMBRIDGE PARK DRIVE CAMBRIDGE, TASMANIA 7170 AUSTRALIA Asian Development Bank 199,840.00
Project Preparatory Technical Assistance 9242 01 Jun 2018 GHD PTY LTD._, NZL(NEW ZEALAND) in association with GUTTERIDGE HASKINS & DAVEY PTY LTD(UNITED KINGDOM) LEVEL 16 ASB BANK CENTRE, 135 ALBERTA ST AUCKLAND 1010, NEW ZEALAND FAX +64 9 307 7300/[email protected] Asian Development Bank Consulting Services 599,174.00
Project Preparatory Technical Assistance 9242 19 Oct 2017 ENTURA, AUS(AUSTRALIA) 89 CAMBRIDGE PARK DRIVE CAMBRIDGE, TASMANIA 7170 AUSTRALIA Asian Development Bank Consulting Services 2,561,766.00

Procurement Plan

None currently available.