Regional : Preparing the Pacific Regional Financing Facility
The transaction technical assistance will help prepare the Facility and an associated technical assistance to implement the Facility. In addition to the remoteness of most Pacific DMCs and diseconomies of scale in their energy sectors, clean energy (renewable energy and energy efficiency) remain under-exploited mainly due to higher upfront capital costs, and institutional inertia that limits competition and private capital mobilization.
Project Details
-
Project Officer
Abbasov, Rafayil
Sectors Group
Request for information -
Country/Economy
Regional -
Sector
- Energy
Related Projects
| Project Name | Preparing the Pacific Regional Financing Facility | ||||||||||
| Project Number | 55051-001 | ||||||||||
| Country / Economy | Regional Micronesia, Federated States of Kiribati Marshall Islands Samoa Solomon Islands Tuvalu Vanuatu |
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| Project Status | Active | ||||||||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Operational Priorities | OP1: Addressing remaining poverty and reducing inequalities OP2: Accelerating progress in gender equality OP3: Tackling climate change, building climate and disaster resilience, and enhancing environmental sustainability OP7: Fostering regional cooperation and integration |
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| Sector / Subsector |
Energy / Energy sector development and institutional reform Finance / Small and medium enterprise finance and leasing |
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| Gender | Effective gender mainstreaming | ||||||||||
| Description | The transaction technical assistance will help prepare the Facility and an associated technical assistance to implement the Facility. In addition to the remoteness of most Pacific DMCs and diseconomies of scale in their energy sectors, clean energy (renewable energy and energy efficiency) remain under-exploited mainly due to higher upfront capital costs, and institutional inertia that limits competition and private capital mobilization. | ||||||||||
| Project Rationale and Linkage to Country/Regional Strategy | In order to meet energy security objectives as well as Paris Agreement and Nationally Determined Commitments, a different approach and financing modality are required wherein governments help to leverage grant financing by reducing perceived market risks and barriers in order to mainstream investments clean energy, including retail lending for distributed solar and energy efficiency deployment. | ||||||||||
| 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 | Kiribati - Nation-wide; Marshall Islands - Nation-wide; Micronesia, Federated States of - Nation-wide; Samoa - Nation-wide; Solomon Islands - Nation-wide; Tuvalu - Nation-wide; Vanuatu - Nation-wide |
| 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 | Sectors Group |
| Responsible ADB Division | Energy Sector Office (SG-ENE) |
| Executing Agencies |
Asian Development Bank |
| Timetable | |
|---|---|
| Concept Clearance | - |
| Fact Finding | - |
| MRM | - |
| Approval | 31 Mar 2021 |
| Last Review Mission | - |
| Last PDS Update | 30 Sep 2022 |
TA 6727-REG
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 31 Mar 2021 | - | 31 Mar 2021 | 30 Jun 2022 | 30 Jun 2023 | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 600,000.00 | 400,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1,000,000.00 | 09 Sep 2023 | 121,180.08 |
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.
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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 |
|---|---|---|
| Preparing the Pacific Regional Financing Facility: Technical Assistance Report | Technical Assistance Reports | Mar 2021 |
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 |
|---|---|---|---|---|
| Climate Change Assessment Expert | Individual - Consulting | Closed | ||
| Economics and Financial Expert | Individual - Consulting | Closed | ||
| Geophysical Risk and Vulnerability Assessment Expert | Individual - Consulting | Closed | ||
| Banking Expert | Individual - Consulting | Closed | ||
| Social Development and Community Expert | Individual - Consulting | Closed | ||
| Gender Expert | Individual - Consulting | Closed | ||
| Energy Expert | Individual - Consulting | Closed | ||
| Procurement Expert | Individual - Consulting | Closed | ||
| Social development (gender and poverty) - KIR | Individual - Consulting | Closed | ||
| Energy Expert - KIR | Individual - Consulting | Closed | ||
| Community Development and Non-Government Organization Expert (KIR) | Individual - Consulting | Closed | ||
| Banking Expert - KIR | Individual - Consulting | Closed |
Contracts Awarded
Procurement Plan
None currently available.