Renewable energy step closer for Solomon Islands with Tina River Hydro
The Board of Executive Directors of the World Bank today approved US$33.6 million in funding for the Tina River Hydropower project in the Solomon Islands, which aims to reduce the cost of electricity and end the country’s near-total reliance on diesel fuel for power.
Electricity costs in the Solomon Islands are among the highest in the world, placing huge strains on all facets of life in Solomon Islands; health, education, business and livelihoods.
The Tina River Hydropower Project aims to reduce spending on expensive diesel power while also paving the way for the country to exceed its 2025 greenhouse gas emissions reduction target.
The renewable energy project, one of the largest projects ever planned for the Solomon Islands, will bring expertise in infrastructure development and operations to the country – and pave the way for further investment and new jobs. ■