Regional: Preparing the Pacific Renewable Energy Investment Facility, Phase 3
The proposed transaction technical assistance (TA) facility is aligned with ADB's Strategy 2030 operational priorities (OPs) 1, 2, 3, 4, 6 and 7 and aims to:
(i)conduct required due diligence, provide project preparation, procurement, pre-implementation support, capacity building, and policy recommendations for two ensuing climate-adapted cross-sectoral integrated energy projects for approval in 2023-2025 under the Pacific Renewable Energy Investment Facility (PREIF).
(ii) provide implementation support for the ensuing projects, and for other ongoing PREIF projects, as needed and subject to funds availability.
Project Details
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Project Officer
Tiangco, Cinderella C.
Pacific Department
Request for information -
Country/Economy
Regional -
Sector
- Energy
Related Projects
| Project Name | Preparing the Pacific Renewable Energy Investment Facility, Phase 3 | ||||
| Project Number | 49450-038 | ||||
| Country / Economy | Regional Micronesia, Federated States of Marshall Islands |
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| Project Status | Active | ||||
| Project Type / Modality of Assistance | Technical Assistance |
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| Source of Funding / Amount |
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| Strategic Agendas | Environmentally sustainable growth Inclusive economic growth |
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| Drivers of Change | Gender Equity and Mainstreaming Governance and capacity development Knowledge solutions Partnerships Private sector development |
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| Sector / Subsector | Energy / Energy efficiency and conservation - Energy utility services - Renewable energy generation - solar |
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| Gender Equity and Mainstreaming | Some gender elements | ||||
| Description | The proposed transaction technical assistance (TA) facility is aligned with ADB's Strategy 2030 operational priorities (OPs) 1, 2, 3, 4, 6 and 7 and aims to: (i)conduct required due diligence, provide project preparation, procurement, pre-implementation support, capacity building, and policy recommendations for two ensuing climate-adapted cross-sectoral integrated energy projects for approval in 2023-2025 under the Pacific Renewable Energy Investment Facility (PREIF). (ii) provide implementation support for the ensuing projects, and for other ongoing PREIF projects, as needed and subject to funds availability. (iii)assess the feasibility of, and, as appropriate, design a successor investment facility to replicate the PREIF's streamlined and programmatic approach, which has resulted in efficiency gains and outpaced ADB overall in project processing time and start-up compliance. This facility will be designed to align with the Asian Development Bank's (ADB) recent policy directions, including but not limited to the Energy Policy 2021, the Fragile and Conflict-Affected Situation and Small Island Developing States Approach 2021, and Paris Agreement alignment by 2025. (iv)identify potential eligible projects for processing under the PREIF and the successor facility, if approved, to help achieve ADB's $100 billion target for financing climate change mitigation, adaptation, and resilience by 2030. |
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| Project Rationale and Linkage to Country/Regional Strategy | The Pacific Renewable Energy Investment Facility (the Facility), approved in June 2017, is designed to finance a large number of small-value renewable energy projects in the 11 smaller Pacific island countries (PIC-11). The facility supports the PIC-11 in transforming their power sectors from diesel to sustainable renewable energy generation sources; and supports sector reform, private sector development, and capacity building. The proposed F-TRTA will prepare additional ensuing projects and support ongoing projects under the facility and will include knowledge and support and capacity building components. The proposed TA is expected to support the PREIF across the remainder of its 10-year implementation period. | ||||
| Impact | |||||
| Project Outcome | |
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| Description of Outcome | |
| Progress Toward Outcome | |
| Implementation Progress | |
| Description of Project Outputs | |
| Status of Implementation Progress (Outputs, Activities, and Issues) | |
| Geographical Location | Marshall Islands - Nation-wide; Micronesia, Federated States of - Nation-wide |
| Summary of Environmental and Social Aspects | |
|---|---|
| Environmental Aspects | |
| Involuntary Resettlement | |
| Indigenous Peoples | |
| Stakeholder Communication, Participation, and Consultation | |
| During Project Design | |
| During Project Implementation | |
| Business Opportunities | |
|---|---|
| Consulting Services | ADB will engage consultants following the ADB Procurement Policy (2017, as amended from time to time) and its associated project administration instructions and/or staff instructions. The TA facility will require a firm with 82 person-months of international and 45 person-months of national inputs. Individual consultants totaling 24 person-months of international and 84 person-months of national consultants inputs will also be engaged. ADB will engage the consulting firm through quality- and cost-based selection using full technical proposal (quality to cost ratio of 90:10), but may also use direct contracting, as needed, and as deemed appropriate. |
| Responsible ADB Officer | Tiangco, Cinderella C. |
| Responsible ADB Department | Pacific Department |
| Responsible ADB Division | PAEN |
| Executing Agencies |
Asian Development Bank |
| Timetable | |
|---|---|
| Concept Clearance | - |
| Fact Finding | - |
| MRM | - |
| Approval | 23 Dec 2022 |
| Last Review Mission | - |
| Last PDS Update | 03 Jan 2023 |
TA 10080-REG
| Milestones | |||||
|---|---|---|---|---|---|
| Approval | Signing Date | Effectivity Date | Closing | ||
| Original | Revised | Actual | |||
| 23 Dec 2022 | - | 23 Dec 2022 | 31 Dec 2027 | - | - |
| Financing Plan/TA Utilization | Cumulative Disbursements | |||||||
|---|---|---|---|---|---|---|---|---|
| ADB | Cofinancing | Counterpart | Total | Date | Amount | |||
| Gov | Beneficiaries | Project Sponsor | Others | |||||
| 3,500,000.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3,500,000.00 | 19 Jan 2023 | 0.00 |
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
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| Title | Document Type | Document Date |
|---|---|---|
| Preparing the Pacific Renewable Energy Investment Facility, Phase 3: Technical Assistance Report | Technical Assistance Reports | Dec 2022 |
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
Related Publications
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
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Tenders
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Contracts Awarded
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Procurement Plan
None currently available.