Background and objectives
The power supply to attend the electricity public demand in the Solomon Islands is achieved almost by diesel power plants. Fuel costs from the diesel power plants have deteriorated the financial situation of Solomon Island Electricity Authority (SIEA).
Attachment captures notes from a presenation by William Thorp, Palau Energy Specialist under the North Rep Project.
The report highlights that renewables are increasingly becoming the most competitive option for new grid supply and swift grid extension. Where electricity systems are dominated by oil‑fired plant, cheaper—sometimes significantly cheaper—renewable generation choices are available. For off‑grid power supply, renewables are already the default economic solution.
Foreword:
This Study was conducted by Adrian Sammons and Douglas Oldfield as individual consultants, under the guidance and support of the Pacific Infrastructure Advisory Centre (PIAC) in Sydney, Australia.
PIAC operates under the coordination of the Pacific Region Infrastructure Facility (PRIF), a partnership for improved infrastructure in the Pacific Region between the Asian Development Bank, the Australian Agency for International Development, the New Zealand Ministry for Foreign Affairs and Trade and the World Bank Group.
This volume is a joint publication of the staff of the international Bank of reconstruction and Development/The World Bank and the Australian Agency for international Development (AusAid).
This report originated as part of the Background Paper prepared for the joint IBRD/JBIC/ADB East Asia and the Pacific regional infrastructure study, Connecting East Asia. Many stakeholders expressed interest in understanding more about differences and similarities among Pacific Island countries, how Pacific Island countries compared to other island states in the world, the role infrastructure plays in growth and development in the Pacific Islands region, and in identifying opportunities and obstacles to improving
This report contains the findings, regional and national strategies, and recommendations that constitute the chief results of ADB’s regional technical assistance (RETA) project:Improving the Delivery of Infrastructure Services in the Pacific. The following Volumes comprise the Final Report of the RETA.
The report captures the current efforts of the Asian Development Bank to promote sustainable infrastructure in Asia and the Pacific. We stand ready to work with our partners to find
appropriate solutions to their infrastructure investment needs, and to link them to the expertise and finance they need to address the many challenges ahead.
The report is prepared by the Pacific Power Association with funding by the Asian Development Bank (ADB). It involved working closely with the Governments and power utilities of the PICs, other international donors, and the Pacific Region Infrastructure Facility (PRIF) Energy Sector Working Group2 to identify potential private sector investment opportunities and to document the existing and ongoing private sector investments in the power sector.
Key words - IPP, Second Pacific energy investors forum, PRIF, PPA