Solomon Islands Tina Tender

Project Name
Tina River Hydropower Project - Additional Financing
Project Number
50240-003
Country / Economy
Solomon Islands
Project Status
Proposed
Project Type / Modality of Assistance
Loan
Source of Funding / Amount
Loan: Tina River Hydropower Project - Additional Financing
Concessional ordinary capital resources lending US$ 25.00 million
Sector / Subsector
Energy / Large hydropower generation

Gender
Effective gender mainstreaming
Description
The proposed additional financing is necessary to fund the cost overruns attributed to: (i) exogenous factors associated with implementation delays due to mobility restrictions related to the coronavirus disease; (ii) inflation-driven cost escalations and implementation delays due the extended preparation time and delayed submission of CESMPs. The additional financing will enable the project to achieve its original outcome and outputs.
Project Rationale and Linkage to Country/Regional Strategy
The ongoing project supports the development of renewable energy generation to supply electricity to Honiara, the capital of Solomon Islands. The project will reduce the cost of power supply generation by replacing diesel power with hydropower and reduce greenhouse gas emissions. It is estimated that, following the project, hydropower will generate 68% of Honiara's electricity.
Impact
Improved economic conditions of Honiara's population

Outcome
Generation of renewable energy on the Honiara grid increased

Outputs
Tina River Hydropower Plant constructed

Geographical Location
Honiara