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Palau: Disaster Resilient Clean Energy Financing

Sovereign (Public) Project | 54011-001 Status: Active

The Disaster Resilient Clean Energy Financing Project will facilitate access of low income households and female borrowers to affordable disaster resilient clean energy financing in Palau through three outputs: (i) disaster resilient clean energy financing facility for eligible borrowers made available, (ii) accessibility to disaster resilient clean energy loans for eligible women borrowers improved, and (iii) capacity and awareness of stakeholders increased. The project has strong pro-poor, socially inclusive and gender sensitive features. The project will directly benefit approximately 900 households in Palau (or about 3000 inhabitants), including at least 450 low-income households and 180 women-headed households. They will benefit from reduced households' energy expenditures and improved access to affordable renewable energy.

Project Details

Project Officer
Abbasov, Rafayil Pacific Department Request for information
Country
  • Palau
Sector
  • Energy
 
Project Name Disaster Resilient Clean Energy Financing
Project Number 54011-001
Country Palau
Project Status Active
Project Type / Modality of Assistance Grant
Technical Assistance
Source of Funding / Amount
Grant 9212-PAL: Disaster Resilient Clean Energy Financing
Japan Fund for Poverty Reduction US$ 3.00 million
TA 6580-PAL: Disaster Resilient Clean Energy Financing
Technical Assistance Special Fund US$ 400,000.00
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 / Energy efficiency and conservation

Gender Equity and Mainstreaming Effective gender mainstreaming
Description

The Disaster Resilient Clean Energy Financing Project will facilitate access of low income households and female borrowers to affordable disaster resilient clean energy financing in Palau through three outputs: (i) disaster resilient clean energy financing facility for eligible borrowers made available, (ii) accessibility to disaster resilient clean energy loans for eligible women borrowers improved, and (iii) capacity and awareness of stakeholders increased. The project has strong pro-poor, socially inclusive and gender sensitive features. The project will directly benefit approximately 900 households in Palau (or about 3000 inhabitants), including at least 450 low-income households and 180 women-headed households. They will benefit from reduced households' energy expenditures and improved access to affordable renewable energy.

The project is ADB's first assistance to a Pacific developing member country (DMC) adopting a financial intermediation (FI) approach to target disaster resilient clean energy financing for low income and women beneficiaries. The project will have wider impacts through the demonstration of solutions to improve accessibility to disaster resilient clean energy financing, which can be replicated in other Pacific DMCs.

Project Rationale and Linkage to Country/Regional Strategy

The project is consistent with the Palau National Disaster and Risk Management Framework (NDRMF, 2010) that sets out a vision of "safe, resilient and prepared communities in Palau" harmonizing planning for disaster resiliency, risk mitigation and recovery measures integrated into national planning. Also, it is aligned with Palau's Climate Change Policy (PCCP, 2015) that advocates a proactive approach to community-level disaster risk management and includes specific interventions for funding to expand the NDBP energy efficiency program. The project is consistent with the government's forthcoming Koror-Babeldaob Urban Development Strategy and Action Plan, which identifies resilient housing and livable settlements as one of its three strategic goals.

This project is aligned with ADB's Strategy 2030 operational priorities of strengthening governance and institutional capacity, addressing remaining poverty and reducing inequalities, accelerating progress in gender equality, making cities more livable, building climate and disaster resilience, and enhancing environmental sustainability. The project is consistent with ADB's Pacific Approach 2016-2020, emphasizing expanding ADB work in climate change and disaster risk management to mobilize more financing and to introduce innovative solutions to strengthen disaster preparedness, address vulnerability, and build resilience. The project will complement Japan's operational priorities in Palau and focused areas by the Japan's Grassroots-Human Security Program, the Japan International Cooperation Agency (JICA) and UNDP's Japan-funded project on Enhancing Disaster and Climate Resilience and Infrastructure that has similar themes to the ADB project.

Impact

Access to disaster resilient energy for consumers increased

Safe, resilient and prepared communities for calamities and women livelihood recovery enhanced

Resilience of Palau communities to climate change and disasters enhanced

Project Outcome
Description of Outcome

Consumers' energy

expenditures reduced

Progress Toward Outcome
Implementation Progress
Description of Project Outputs

Disaster resilient clean energy financing for eligible borrowers made available

Accessibility to disaster resilient clean energy loans for eligible women borrowers improved

Capacity and awareness of stakeholders increased

Status of Implementation Progress (Outputs, Activities, and Issues)
Geographical Location Nation-wide
Safeguard Categories
Environment C
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 Abbasov, Rafayil
Responsible ADB Department Pacific Department
Responsible ADB Division PAEN
Executing Agencies
Ministry of Finance
3rd Floor, Executive Bldg, ROP Capitol
Ngerulmud, Melekeok State,P.O. Box 6011
Koror, PW 96940, Republic of Palau
Timetable
Concept Clearance 27 Apr 2020
Fact Finding 22 Jun 2020 to 24 Jun 2020
MRM -
Approval 27 Oct 2020
Last Review Mission -
Last PDS Update 26 Jan 2021

Grant 9212-PAL

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
27 Oct 2020 01 Dec 2020 31 Mar 2021 30 Apr 2024 - -
Financing Plan Grant Utilization
Total (Amount in US$ million) Date ADB Others Net Percentage
Project Cost 3.60 Cumulative Contract Awards
ADB 0.00 27 Oct 2020 0.00 0.00 0%
Counterpart 0.60 Cumulative Disbursements
Cofinancing 3.00 27 Oct 2020 0.00 0.00 0%
Status of Covenants
Category Sector Safeguards Social Financial Economic Others
Rating Unsatisfactory - Unsatisfactory Unsatisfactory - Unsatisfactory

TA 6580-PAL

Milestones
Approval Signing Date Effectivity Date Closing
Original Revised Actual
27 Oct 2020 07 Dec 2020 07 Dec 2020 30 Sep 2022 - -
Financing Plan/TA Utilization Cumulative Disbursements
ADB Cofinancing Counterpart Total Date Amount
Gov Beneficiaries Project Sponsor Others
400,000.00 0.00 0.00 0.00 0.00 0.00 400,000.00 27 Oct 2020 203.50
Status of Covenants
Category Sector Safeguards Social Financial Economic Others
Rating Unsatisfactory - Unsatisfactory Unsatisfactory - Unsatisfactory

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.

None currently available.

Evaluation Documents See also: Independent Evaluation

None currently available.

Related Publications

None currently available.


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Tenders

Tender Title Type Status Posting Date Deadline
Energy Expert Individual - Consulting Closed 03 Dec 2020 20 Jan 2021
Communication and Coordination Expert Individual - Consulting Closed 03 Dec 2020 16 Dec 2020
Banking Expert Individual - Consulting Closed 31 Oct 2020 09 Nov 2020
Energy Expert Individual - Consulting Closed 31 Oct 2020 09 Nov 2020
Social Development (Gender and Poverty) Expert Individual - Consulting Closed 31 Oct 2020 09 Nov 2020

Contracts Awarded

No contracts awarded for this project were found

Procurement Plan

None currently available.