Fiji Time: 6:55 PM on Sunday 19 November

Fiji Times Logo

/ Front page / Archives » Article Index

$12m support

Asian Development Bank
Friday, November 03, 2017

RAROTONGA, COOK ISLANDS - The Green Climate Fund (GCF) is providing a $12 million grant as additional financing to the ongoing Cook Islands Renewable Energy Sector Project, which will help the country transition to a renewable energy future.

The project, co-financed by the Asian Development Bank (ADB), the European Union (EU), and the Government of Cook Islands, was approved in October 2014, with the Global Environment Facility approving it in 2016.

The project is designed to lower the Cook Islands' reliance on fossil fuels under a plan to build solar-powered plants on five of its islands.

"The project aims to increase energy security in the Cook Islands in an environmentally sustainable manner, while increasing the share of renewable energy in the country's energy mix without negatively affecting the grid," said ADB Pacific Department Energy Specialist Woo Yul Lee.

The additional assistance from GCF will provide funding for the installation of three units of a battery energy storage system with a preliminary capacity of 3 megawatts (MW) and 12 MWh, which will enable an additional 6 MW of solar photovoltaic (PV) capacity to be connected to the grid.

The current project is expected to construct up to five solar PV power plants with batteries to store electricity from solar energy, rehabilitate the existing distribution network for Phase 1 subprojects, and provide institutional support to the government to develop the energy efficiency policy implementation plan.

The project should free up government funds for other needs while improving national energy security and sustainability, while assisting the Cook Islands fulfill its goal of delivering renewable energy to all its islands by 2020.

ADB has worked with the Cook Islands since 1976, approving 20 loans for $86.9m, three grants for $12.3m, and 36 technical assistance projects for $12.1m.








Fiji Times Front Page Thumbnail

Kaila Front Page ThumbnailFiji Times & Kaila Frontpage PDF Downloads

Use the free Acrobat Reader to view.

Westpac
Code Inward TTs Outward TTs
CAD 0.62050.6015
JPY 55.545452.5454
GBP 0.36760.3596
EUR 0.41340.4014
NZD 0.71590.6829
AUD 0.64370.6187
USD 0.48830.4713

from

$0.00

Exchange Rate updated on 17th, November, 2017

Today's Most Read Stories

  1. 'God first'
  2. 'Testament of our defence'
  3. Bati stuns Kiwis and will face Kangaroos
  4. 'We have done it'
  5. Woman's body found in harbour
  6. Keeping Fijian spirit alive in cold Germany
  7. FLP's poll promise
  8. Goalkeeper Tamanisau back for Fiji against Estonia
  9. 20 countries form clean energy alliance
  10. Special award

Top Stories this Week

  1. Fiji places second for Miss World 2017 talent Wednesday (15 Nov)
  2. COP23: France invite for Timoci Friday (17 Nov)
  3. Students holiday fares clarified Tuesday (14 Nov)
  4. Where there's a will... Thursday (16 Nov)
  5. Stunningly impressive Tuesday (14 Nov)
  6. Bati-mania Tuesday (14 Nov)
  7. Tighten defence Wednesday (15 Nov)
  8. Walker brothers' radar focuses on Fiji Bati kingpin Friday (17 Nov)
  9. Timoci opens COP23 Thursday (16 Nov)
  10. Arnold pays Fiji a visit Monday (13 Nov)