Date de publication: 22 novembre 2006
Promoteur – Intermédiaire Financier
Sustainable Energy Limited (SEL)Lieu
Description
The proposed project will increase Fiji’s power generation capacity and reduce fuel costs by replacing oil-fired power with a new run-of-river hydro power plant. The project comprises a build, own and operate 38 MW hydropower plant and is part of a larger investment plan in which the Asian Development Bank (ADB) is financing the expansion of transmission and distribution facilities and the World Bank (WB) as well as the EIB (the Bank) will each be supporting individual generation projects.
Objectifs
The project is in line with European and Bank policy objectives to encourage renewable energy generation, where the environmental impacts are lower than fossil fuel supply alternatives. In addition, the project will facilitate the economic development of Fiji by ensuring a consistent power supply and by reducing reliance on highly priced imported fossil fuels. The project falls under the scope of the environmental and economic development goals of the Cotonou Mandate.
Secteur(s)
Montant BEI envisagé (montant approximatif)
EUR 24.50 million.
Coût total (montant approximatif)
EUR 49.10 million.
Aspects environnementaux
According to its technical characteristics the project falls under Annex II of Directive 97/11/EC on Environmental Impact Assessment (EIA) if located within the EU, leaving it to the competent national authority to determine the requirement for an EIA. The competent authority, the Department of Environment has granted all environmental approvals to allow the scheme to proceed.
Passation des marchés
The promoter has agreed to comply with the Bank’s procurement guidelines.
Statut
Signé - 28/11/2006