Pacific Renewable Energy Investment Facility: Report and Recommendation of the President
The report and recommendation of the President (RRP) document describes the terms and conditions of a project for consideration for approval by ADB. This document dated May 2017 is provided for the ADB project 49450-004.
The facility will finance a series of individual small-value renewable energy projects in the 11 smaller Pacific island countries (PIC-11). It will streamline ADB’s internal procedures, enhancing its ability to process small-value projects in the PIC-11 faster and with lower transaction costs. It will support the PIC-11 in transforming their power sectors from diesel to sustainable renewable energy generation sources. Lastly, it will support regional approaches for energy sector reform, private sector development, and capacity building.