FP044

Tina River Hydropower Development Project

Tina River Hydropower Development Project

  • Status Under implementation
  • Date approved 06 Apr 2017 at B.16
  • Est. completion 22 Nov 2024
  • ESS Category Category A

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.

Total project value

 

Tonnes of emissions avoided

 

Beneficiaries

 

Direct
180,000
Theme

Cross-cutting

Result areas

Project timeline

Pipeline

30 Sep 2016 - 189 days

Funding proposal received

30 Sep 2016

Approved

06 Apr 2017 - 961 days

Approved by GCF Board

06 Apr 2017

Cleared by iTAP

06 Apr 2017

Legal opinion on AE's Internal Approval

15 Feb 2019

FAA executed

29 Jul 2019

Under implementation

22 Nov 2019 - 227 days so far

FAA effective

22 Nov 2019

Disbursement - USD 70,000,000

06 Dec 2019

Disbursement - USD 8,000,000

06 Dec 2019

Completed

22 Nov 2024 - 1,601 days to go

One region

  • Asia-Pacific

One country

Two priority groups

  • Least Developed Countries
  • Small Island Developing States
USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing32% disbursed

InstrumentAmount
LoanUSD 70,000,000
GrantUSD 16,000,000

Cofinancing

CofinancerInstrumentAmount
Co-FinancingEquityUSD 10,800,000
Co-FinancingLoanUSD 18,000,000
Co-FinancingGrantUSD 12,000,000
Co-FinancingLoanUSD 31,600,000
Co-FinancingGrantUSD 1,400,000
Co-FinancingGrantUSD 20,750,000
Co-FinancingGrantUSD 12,700,000
Co-FinancingLoanUSD 33,630,000
Co-FinancingLoanUSD 15,000,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 10 4458 7751
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6157
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155
Send e-mail

Accredited Entity

National Designated Authority

Solomon Islands

Ministry of Environment, Climate Change, Disaster Management and Meteorology

Dr. Melchior Mataki
Permanent Secretary
P.O. Box 21, Honiara, Solomon Islands, Honiara, Solomon Islands
Phone +677 23031
Phone +677 28054
MMataki@mecm.gov.sb
melmataki@gmail.com

News + Stories

GCF and World Bank kick off hydropower project in Solomon Islands

02 Aug 2019 / The Green Climate Fund (GCF) and the World Bank have signed an agreement to implement the Tina River Hydropower Development Project to help the Solomon Islands transition from diesel-generated to clean, renewable energy. The signing of the Funded Activity Agreement (FAA) enables GCF to begin transferring USD 86 million in climate financing to the World Bank for this USD 234 million project which is expected to provide a clean and reliable source of electricity in the capital, Honiara, by 2024.