Fiji Time: 6:04 PM on Tuesday 23 January

Fiji Times Logo

/ Front page / Business

Query on investment

Manasa Kalouniviti
Friday, January 12, 2018

A TEAM from the Department of Energy led by Ministry of Infrastructure and Transport permanent secretary David Kolitagane appeared before the Standing Committee on Economic Affairs yesterday to answer questions on the 2016 FEA Annual Report.

And one of the questions raised by the committee was on how many more independent power producers (IPP) were in the pipeline.

Committee member Aseri Radrodro asked: "What sort of incentives are on offer to entice these IPPs to get involved in these projects given their cost and sizes."

Mr Kolitagane said there were many incentives available on getting involved in renewable energy projects like these; from equipment to the set-up.

Member Viliame Gavoka then asked: "Globally, how does Fiji stack up in terms of attracting investors to Fiji in these projects?"

Mr Kolitagane said investor confidence for doing business in Fiji was quite good compared with other Pacific Island nations.

"I can say that the way FEA is operating at the moment is quite attractive for investments.

"Globally, I can say that for Fiji, in terms of the way FEA is running, it's one of the best utilities in the region; generating profits, maintaining its assets, and that will attract investors in these projects to Fiji," Mr Kolitagane said.

The committee had asked the question after the Nabou Green Biomass Plant had opened last year and after the department had said that the private sector should invest heavily as IPPs.

Director of Energy Mikaele Belena said: "There are also a few other IPPs that FEA has been talking with according to their report; some they've signed the power purchase agreement (PPA) with which include Hydro Fiji Ltd; this is for the development of a 30-MW hydro project in Namosi."

He said FEA had also shortlisted two other companies for the 2MW-5MW solar hybrid systems to be installed in Nadi.

"The signing of the PPA for electricity generation is solely between the investor and the FEA."

Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Code Inward TTs Outward TTs
CAD 0.62690.6079
JPY 56.387753.3877
GBP 0.35850.3505
EUR 0.41030.3983
NZD 0.69350.6605
AUD 0.63090.6059
USD 0.50460.4876



Exchange Rate updated on 23rd, January, 2018

Today's Most Read Stories

  1. Talks to carry on
  2. Stolen sheep recovered
  3. France seeks Ryan's rugby skills
  4. Kepa to apply for SODELPA ticket
  5. School setback
  6. Plea for assistance
  7. Borehole ends water problems for villagers
  8. Region relies on air connectivity, says Khan
  9. Military to conduct live firing exercises
  10. Upgrade completed

Top Stories this Week

  1. Trip turns tragic Thursday (18 Jan)
  2. Mela beats the odds Thursday (18 Jan)
  3. The Iron Lady Monday (22 Jan)
  4. Tube ride to school Thursday (18 Jan)
  5. Nadi man dies in crash Wednesday (17 Jan)
  6. Patient info leaked Friday (19 Jan)
  7. ATS Impasse: Tribunal orders return of all workers in 48 hours Saturday (20 Jan)
  8. Mother, 100, seeks assistance for daughter, 50 Monday (22 Jan)
  9. Rasta's 'star' loves Fijian hospitality Saturday (20 Jan)
  10. Do the right thing and resign: Biman Sunday (21 Jan)