fbpx 49450-023: Renewable Energy Development Project | Asian Development Bank

Micronesia, Federated States of: Renewable Energy Development Project

Sovereign (Public) Project | 49450-023 Status: Approved

The facility will provide a grant to the Federated States of Micronesia (FSM) for the Renewable Energy Development Project. The project will finance investment in renewable energy generation facilities in the FSM states of Kosrae and Yap bolstering energy security and reducing reliance on fossil fuels for power generation in these states. Project investments will include (i) solar photovoltaic capacity and mini grid and solar home system investments for Kosrae Utilities Authority (KUA) in Kosrae and (ii) the installation and integration of photovoltaic capacity and a battery energy storage system (BESS) for Yap State Public Service Corporation (YSPSC) in Yap. The project will also support institutional strengthening and capacity building in KUA and YSPSC, as well as for Pohnpei Utilities Corporation (PUC) in the FSM state of Pohnpei.

 
Project Name Renewable Energy Development Project
Project Number 49450-023
Country Micronesia, Federated States of
Project Status Approved
Project Type / Modality of Assistance Grant
Source of Funding / Amount
Grant 0680-FSM: Renewable Energy Development Project
concessional ordinary capital resources lending / Asian Development Fund US$ 15.00 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Gender Equity and Mainstreaming
Governance and capacity development
Knowledge solutions
Sector / Subsector

Energy / Renewable energy generation - solar

Gender Equity and Mainstreaming Some gender elements
Description

The facility will provide a grant to the Federated States of Micronesia (FSM) for the Renewable Energy Development Project. The project will finance investment in renewable energy generation facilities in the FSM states of Kosrae and Yap bolstering energy security and reducing reliance on fossil fuels for power generation in these states. Project investments will include (i) solar photovoltaic capacity and mini grid and solar home system investments for Kosrae Utilities Authority (KUA) in Kosrae and (ii) the installation and integration of photovoltaic capacity and a battery energy storage system (BESS) for Yap State Public Service Corporation (YSPSC) in Yap. The project will also support institutional strengthening and capacity building in KUA and YSPSC, as well as for Pohnpei Utilities Corporation (PUC) in the FSM state of Pohnpei.

The project is aligned with the following impact: sustainable social and economic development of the FSM promoted through the provision and utilization of cost-effective, safe, reliable, and sustainable energy services, per the FSM National Objective for Energy. The project will have the following outcome: sustainable generation and utilization of renewable energy in Yap and Kosrae, and Pohnpei increased

Project Rationale and Linkage to Country/Regional Strategy The project is included under the Pacific Renewable Energy Investment Facility, which aims to improve regional energy security in the Pacific region. The facility was approved to cover renewable energy investments and supporting infrastructure. The project qualifies to be approved under the Pacific Renewable Energy Financing Facility because (i) its scope includes renewable energy generation and supporting energy sector infrastructure, (ii) the FSM is one of the 11 eligible Pacific developing member countries, (iii) the project is identified in national energy sector planning documents as a priority investment, and (iv) the project has been classified category B for environment.
Impact Sustainable social and economic development of the FSM promoted through the provision and utilization of cost-effective, safe, reliable, and sustainable energy services
Project Outcome
Description of Outcome Sustainable generation and utilization of renewable energy in Yap, Kosrae, and Pohnpei increased
Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Output 1 Solar PV and mini grid in Kosrae installed

Output 2 Solar PV and BESS installed with system integration upgraded in Yap

Output 3 Pohnpei Utilities Corporation Strengthened

Output 4 Efficient project management delivered and implementing agency capacity developed

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nation-wide
Safeguard Categories
Environment B
Involuntary Resettlement B
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 J. Michael Trainor
Responsible ADB Department Pacific Department
Responsible ADB Division PAEN
Executing Agencies
Department of Finance and Administration
PS2, Palikhir
Pohnpei State
Federated States of Micronesia
Timetable
Concept Clearance 26 Dec 2020
Fact Finding 22 May 2019 to 25 May 2019
MRM 29 Aug 2019
Approval 22 Nov 2019
Last Review Mission -
Last PDS Update 28 Nov 2019

Grant 0680-FSM

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
22 Nov 2019 03 Dec 2019 - 31 Aug 2023 - -
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 15.51 Cumulative Contract Awards
ADB 15.00 22 Nov 2019 0.00 0.00 0%
Counterpart 0.51 Cumulative Disbursements
Cofinancing 0.00 22 Nov 2019 0.00 0.00 0%

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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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.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

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Tenders

Tender Title Type Status Posting Date Deadline
Supplemental Management Operations (SMO) Firm - Consulting Closed 29 Aug 2019 04 Oct 2019
Project Implementation Consultant (PIC) Firm - Consulting Closed 29 Aug 2019 04 Oct 2019

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.