Prime Minister Morrison advised Solomon Islands Prime Minister Sogavare of Australia’s further support for the Tina River Hydropower Development Project through the Australian Infrastructure Financing Facility for the Pacific (AIFFP), in response to Solomon Islands’ request for financing. AIFFP and Solomon Islands’ officials are working to finalise agreements.
This builds on Australia’s support over the last ten years to the Tina River Hydropower Development Project, which will provide electricity to the country’s capital, Honiara.
More affordable and reliable energy will alleviate pressure on household incomes and business costs, and provide opportunities for improved government and community services and entrepreneurship, supporting Solomon Islands’ post pandemic economic recovery.
Using a renewable energy source to produce reliable and sustainable energy will enable Solomon Islands to meet its international commitment for emissions reduction under the Paris Agreement.