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AIFFP signed financing agreements with Solomon Islands Electricity Authority and Solomon Islands

AIFFP signed financing agreements with Solomon Islands Electricity Authority and Solomon Islands

The  AIFFP signed financing agreements with Solomon Islands Electricity Authority and Solomon Islands for more affordable and reliable energy for Honiara. This USD 22.7 million dollar package will finance the development and construction of a 22km  transmission system to deliver renewable energy generated by the Tina River Hydropower Project to Honiara.

This critical piece of infrastructure will result in more affordable and reliable electricity for Solomon Islands.  The investment also creates jobs during construction and over the long-term as the benefits of cheaper electricity are realised  by households, businesses and government services.

The renewable energy produced will also displace up to as much as 18 million litres of imported diesel and 49,500 tonnes of CO2 emissions per year. It will enable Solomon Islands to meet 100 per cent of the country’s international commitment for emissions reduction under the Paris Agreement.

 

PRESS RELEASE

Supporting reliable electricity for Solomon Islands

  • Joint media release with:
  • Senator the Hon Zed Seselja, Minister for International Development and the Pacific

16 June 2021

Improved access to reliable electricity for Solomon Islands is one step closer with an historic agreement signed today with the Australian Government under the Australian Infrastructure Financing Facility for the Pacific (AIFFP).

Australia is funding construction of a 22km transmission system to deliver renewable energy generated by the Tina River Hydropower Project to Honiara. This is part of our almost $60 million investment in this important energy project. 

This critical piece of infrastructure will help provide reliable electricity for more people in Solomon Islands, alleviating pressure on household incomes and providing opportunities for improved government and community services. 

The renewable energy produced will also enable Solomon Islands to meet 100 per cent of their international commitment for emissions reduction under the Paris Agreement.

Minister for Foreign Affairs and Minister for Women, Senator the Hon Marise Payne said that the deal was a vital part of the region's economic recovery post COVID-19.

“Australia's support will not only create local jobs in the construction phase, but also create longer term opportunities for the people of Solomon Islands,” Minister Payne said.

“Solomon Islands is more than a partner, they are our family, our wantok. Together, we can invest in the future of households, businesses and government services in Honiara via reliable renewable energy.”

Minister for International Development and the Pacific, Senator the Hon Zed Seselja said that the project would be instrumental in supporting the economy of Solomon Islands.

“The Tina River Hydropower Project is a bold, transformational infrastructure project. Australia is proud to support the Solomon Islands in realising its vision for economic development,” Minister Seselja said.

Australia and Solomon Islands will continue to work together on opportunities, such as the Tina River Hydropower Project, that advance the prosperity, security and stability of the region.

Australia and Solomon Islands working together to advance prosperity