Tina River Hydropower Development Project

  • Cross-cutting
  • Under implementation
Date approved
06 Apr 2017
Est. completion
22 Jun 2028
ESS Category
Category A
Financing
Public sector
Entity
International Bank for Reconstruction and Development and International Development Association

Overview

A hydropower facility to transit power system in Solomon Islands from diesel generated to clean and renewable energy.

Universal grid-connected electricity supply is a major challenge across the 90 Solomon Island’s inhabited islands. The electrification rate is only around 45%, and many rural areas served by small PV panels, whilst the state-owned power utility SIEA is almost entirely dependent upon diesel generators for supply to the capital. The Solomon Islands seeks to greatly increase access to reliable electricity supply, doubling the number of households supplied by SIEA by 2021, whilst also increasing the use of renewable energy to 50% by 2020.

The Tina River Hydropower Development Project (TRHDP) will respond to these goals with a 15MW installation providing 65% of electricity demand for the capital Honiara by the online date of 2022.  It will lower the cost of electricity supply, and diversify generation capacity towards clean, renewable sources. TRHDP will provide the Solomon Islands with reservoir capacity, giving flexibility to the power system to enable higher penetration of PV power without the need for large and expensive energy storage or diesel generators. It can provide a replicable model for other Pacific SIDS to use hydropower to balance variable solar power.

The Green Climate Fund will support the development by providing a USD 70 million loan over 40 years to finance a portion of the debt of the project company for the hydropower plant development. It will also provide a grant of USD 16 million to co-finance the construction of an access road to the site.

The project has an estimated lifespan of 50 years.

Result areas

Project timeline

  • Pipeline

    189 days

    • Funding proposal received

  • Approved

    961 days

    • Approved by GCF Board

    • Cleared by iTAP

    • Legal opinion on AE's Internal Approval

    • FAA executed

  • Under implementation

    2,398 days so far

    • FAA effective

  • To be completed

    738 days to go

    Not started

  • Total project value $ 242 million

  • Tonnes of CO2 equivalent avoided 2.5 million

  • Total number of beneficiaries 180 thousand

Financing

GCF-financing

0.0%

USD

Co-financing

0.0%

USD

USD 242 million

Show details

GCF-financing

91% disbursed

  • Loan USD 70,000,000
  • Grant USD 16,000,000
  • Total GCF-financing USD 86,000,000

Co-financing

  • Equity USD 10,800,000
  • Loan USD 18,000,000
  • Grant USD 12,000,000
  • Loan USD 31,600,000
  • Grant USD 1,400,000
  • Grant USD 20,750,000
  • Grant USD 12,700,000
  • Loan USD 33,630,000
  • Loan USD 15,000,000
  • Total co-financing USD 155,880,000

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