Micronesia, Federated States of: Clean Energy Project - Project Readiness Financing

Sovereign Project | 55324-001

The PRF will support the FSM in preparing future energy projects and ensuring implementation readiness, thereby facilitating the timely and cost-effective achievement of the ensuing project's outcomes and outputs. To achieve a high level of project readiness of the ensuing project and test project approach and advanced technologies, the PRF will include: (i) consulting services for upstream project pipeline development, sector studies, policies, strategies and investments for ensuing projects; (ii) necessary site surveys, investigations and detailed engineering, and feasibility studies for prioritized projects; (iii) pilot testing of project designs, including the cost of equipment and works to examine alternate approaches for an accelerated clean energy transition; and (iv) capacity building for project start up activities.

Project Details

  • Project Officer
    George, Len V.
    Pacific Department
    Request for information
  • Country/Economy
    Micronesia, Federated States of
  • Sector
    • Energy
Project Name Clean Energy Project - Project Readiness Financing
Project Number 55324-001
Country / Economy Micronesia, Federated States of
Project Status Proposed
Project Type / Modality of Assistance Grant
Source of Funding / Amount
Grant: Clean Energy Project - Project Readiness Financing (formerly Renewable Energy Project)
Asian Development Fund US$ 5.00 million
Strategic Agendas Environmentally sustainable growth
Inclusive economic growth
Drivers of Change Governance and capacity development
Sector / Subsector

Energy / Energy sector development and institutional reform
Gender Equity and Mainstreaming
Description The PRF will support the FSM in preparing future energy projects and ensuring implementation readiness, thereby facilitating the timely and cost-effective achievement of the ensuing project's outcomes and outputs. To achieve a high level of project readiness of the ensuing project and test project approach and advanced technologies, the PRF will include: (i) consulting services for upstream project pipeline development, sector studies, policies, strategies and investments for ensuing projects; (ii) necessary site surveys, investigations and detailed engineering, and feasibility studies for prioritized projects; (iii) pilot testing of project designs, including the cost of equipment and works to examine alternate approaches for an accelerated clean energy transition; and (iv) capacity building for project start up activities.
Project Rationale and Linkage to Country/Regional Strategy The project will support the piloting, detailed design and improved readiness of two identified subprojects in the states of Chuuk and Pohnpei of the FSM for an ensuing project that includes small hydropower development as well as island electrification. In addition, support for piloting of new energy technologies in the FSM as well as to facilitate updates of sector plans and capacity building to meet national energy sector priorities including for clean energy transitions would be provided. This is expected to support additional investment projects for possible financing by ADB.
Impact
Outcome
Outputs
Geographical Location 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 George, Len V.
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 27 Oct 2021
Fact Finding 29 Jul 2022 to 29 Aug 2022
MRM 09 Sep 2022
Approval -
Last Review Mission -
Last PDS Update 03 Nov 2021

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Related Publications

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Tenders

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Procurement Plan

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