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Cook Islands: Renewable Energy Sector Project - Additional Financing

Sovereign (Public) Project | 49450-005 Status: Approved

The proposed second additional financing will leverage battery storage to facilitate expansion of solar PV-based generation systems in Rarotonga, thereby helping reduce fossil fuel consumption and enhance the level of energy security on the island. The additional GCF grant, with the additional contribution from the government of $1.71 million, will increase the overall project investment from the current $29.85 million to $43.56 million.

 
Project Name Renewable Energy Sector Project - Additional Financing
Project Number 49450-005
Country Cook Islands
Project Status Approved
Project Type / Modality of Assistance Grant
Source of Funding / Amount
Grant 0548-COO: Renewable Energy Project-Additional Financing
Green Climate Fund US$ 12.00 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Partnerships
Private sector development
Sector / Subsector

Energy / Renewable energy generation - solar

Gender Equity and Mainstreaming Some gender elements
Description The proposed second additional financing will leverage battery storage to facilitate expansion of solar PV-based generation systems in Rarotonga, thereby helping reduce fossil fuel consumption and enhance the level of energy security on the island. The additional GCF grant, with the additional contribution from the government of $1.71 million, will increase the overall project investment from the current $29.85 million to $43.56 million.
Project Rationale and Linkage to Country/Regional Strategy The current project meets all the eligibility criteria for additional financing. The proposed second additional financing component will enhance the outcome and impact of the current project, as well as ADB's contribution to power sector development in the Cook Islands. The proposed additional financing will also support the government's effort to increase power generation from renewable sources and enhance the government's institutional capacity for implementing the Cook Islands Renewable Energy Chart Implementation Plan (CIRECIP), 2012 2020, which sets a target of supplying electricity from renewable energy sources on all inhabited islands by 2020. The proposed additional financing is included as a firm 2017 project in ADB's country operations business plan, 2017 2019 for the Cook Islands.
Impact Increased energy security
Project Outcome
Description of Outcome Increased access to a higher share of electricity generated from renewable energy sources
Progress Toward Outcome
Implementation Progress
Description of Project Outputs Installation of additional 3 units of BESSs with a preliminary capacity of the 3.0 MW and 12.0 MWh
Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nation-wide
Safeguard Categories
Environment B
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects
Involuntary Resettlement
Indigenous Peoples
Stakeholder Communication, Participation, and Consultation
During Project Design
During Project Implementation
Responsible ADB Officer Lee, Woo Yul
Responsible ADB Department Pacific Department
Responsible ADB Division Transport, Energy and Natural Resources Division, PARD
Executing Agencies
Ministry of Finance & Economic Management
PO box 120
Cook Islands
Timetable
Concept Clearance -
Fact Finding 24 Apr 2017 to 28 Apr 2017
MRM -
Approval 30 Oct 2017
Last Review Mission -
Last PDS Update 02 Nov 2017

Grant 0548-COO

Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 13.80 Cumulative Contract Awards
ADB 0.00 - 0.00 0.00 %
Counterpart 1.80 Cumulative Disbursements
Cofinancing 12.00 - 0.00 0.00 %

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.

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Evaluation Documents See also: Independent Evaluation

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Related Publications

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Tenders

Tender Title Type Status Posting Date Deadline
L3193/G0415/G0493/G0548-COO: Renewable Energy Sector Project [CIRESP-006-CK171815] Invitation for Bids Closed 10 Nov 2017 20 Feb 2018

Contracts Awarded

Contract Title Approval Number Contract Date Contractor Contractor Address Executing Agency Contract Description Total Contract Amount (US$) Contract Amount Financed by ADB (US$)
CONTRACT VARIATION TO INCLUDE POE'S SUPPORT FOR THE BESS IMPLEMENTATION (GEF AND GCF-FUNDED) Grant 0493 10 May 2017 ENTURA HOBART TASMANIA AUSTRALIA Ministry of Finance & Economic Management, Office of the Prime Minister 390,493.00

Procurement Plan

None currently available.