FP044
Tina River Hydropower Development Project
Tina River Hydropower Development Project
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.
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 - 1,787 days so far
FAA effective
22 Nov 2019
Disbursement - USD 70,000,000
06 Dec 2019
Disbursement - USD 8,000,000
06 Dec 2019
To be completed
22 Nov 2026 - 772 days to go
One region
- Asia-Pacific
One country
Two priority groups
- Least Developed Countries
- Small Island Developing States
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing91% disbursed
Instrument | Amount |
---|---|
Loan | USD 70,000,000 |
Grant | USD 16,000,000 |
Total GCF Financing |
---|
USD 86,000,000 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Equity | USD 10,800,000 |
Co-Financing | Loan | USD 18,000,000 |
Co-Financing | Grant | USD 12,000,000 |
Co-Financing | Loan | USD 31,600,000 |
Co-Financing | Grant | USD 1,400,000 |
Co-Financing | Grant | USD 20,750,000 |
Co-Financing | Grant | USD 12,700,000 |
Co-Financing | Loan | USD 33,630,000 |
Co-Financing | Loan | USD 15,000,000 |
Total Co-Financing |
---|
USD 155,880,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Accredited Entity
International Bank for Reconstruction and Development and International Development Association
Senior Carbon Finance Specialist
The World Bank 1818 H Street, NW MSN MC3-309 Washington DC 20433 USA, Washington, United States
More contacts
National Designated Authority
Ministry of Environment, Climate Change, Disaster Management and Meteorology
Documents
Title | Type | Date |
---|---|---|
2022 Annual Performance Report for FP044: Tina River Hydropower Development Project | Annual Performance Report | 23 Feb 2024 |
2020 Annual Performance Report for FP044: Tina River Hydropower Development Project | Annual Performance Report | 03 Aug 2021 |
2019 Annual Performance Report for FP044: Tina River Hydropower Development Project | Annual Performance Report | 01 Mar 2020 |
Gender assessment for FP044: Tina River Hydropower Development Project | Gender assessment | 28 Jun 2017 |
Gender action plan for FP044: Tina River Hydropower Development Project | Gender action plan | 28 Jun 2017 |
Tina River hydropower development project | Approved funding proposal | 24 Apr 2017 |
Environmental and social safeguards (ESS) report for FP044: Tina River Hydropower Development Project | Environmental and Social Safeguards report | 16 Mar 2017 |
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.