- Country Fiji
- Estimated Investment USD 13.00 million
- Approved GIF Funding USD 0.45 million
- Sector Energy
- Project Type
Project Preparation and Structuring Activity (Feasibility studies)
- Implementing Partners IFC
- Expected Project Completion Date 30-06-2024
- Theme Connectivity and Integration
Challenge
Despite having considerable potential for renewable energy, Fiji is still heavily dependent on thermal energy fueled by imported diesel, which account for around 47% of its total power generation capacity. Installed generation capacity is approximately 237MW, comprising 80MW Monasavu Hydro Scheme and 40MW Nadarivatu Hydro Scheme in Viti Levu and about 112MW of diesel capacity in 14 stations on the three main islands.
Additional site in Vanua Levu has shifted the project timelines by few months. However, this is expected to add to the project scale and may benefit the overall project in terms of lower tariff.
Solution
The Project will be the first solar IPP in Fiji. It seeks to improve the efficiency and effectiveness of the energy market by diversifying the sources of power through the introduction of solar energy. This will benefit Fiji's economy by (i) lowering the generation cost and (ii) adding a source of power to complement hydro which
can fluctuate significantly depending on rainfall.
Expected Impact
The Project is expected to improve the efficiency and effectiveness of Fiji's energy market by adding more renewable energy to the country's energy supply, replacing polluting power sources, reducing greenhouse gas emissions, and lowering energy costs.
