World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

Tuvalu Set for More Efficient and Renewable Energy

Tuvalu Set for More Efficient and Renewable Energy

World Bank approves US$7 million for Energy Sector Development Project

WASHINGTON, January 27, 2014 – The World Bank’s Board of Executive Directors today approved US$7 million for the Tuvalu Energy Sector Development Project (ESDP), which will support Tuvalu’s goals of 100 percent renewable energy and 30 percent efficiency improvements by 2020.

The Tuvalu ESDP will support a reduction in the reliance on imported fuel for electricity generation through investment in renewable energy development, increasing the efficiency of energy supply and use, and improving the capacity of the Government of Tuvalu and the national energy supplier – the Tuvalu Energy Corporation (TEC) – to better manage energy delivery.

“Facilitating the delivery of efficient and renewable energy in Tuvalu will ultimately help to improve the affordability and sustainability of electricity services for households and businesses,” said Franz Drees-Gross, Country Director for the World Bank in Timor-Leste, Papua New Guinea, and the Pacific Islands. “Electricity access is intrinsically linked to better standards of education, healthcare, gender equality and poverty reduction – all of which will positively impact the lives of the people of Tuvalu.”

Specifically, the project will increase the proportion of renewable energy in TEC’s electricity generation system through the supply and installation of solar and wind power infrastructure, systems to provide power grid stability and store excess energy produced. The project will also promote more efficient energy use through the supply and installation of prepayment meters for TEC customers and smart meters for large consumers, along with enhanced insulation and other energy efficiency measures. TEC and the Government will receive technical assistance and training to enable staff to effectively implement the project.

“Creating efficiencies in our energy use and increasing renewable sources are vital to reducing fuel imports and the cost of electricity over time,” said Hon. Vete Sakaio, Tuvalu’s Minister of Public Utilities and Infrastructure. “This project is building on work already underway to strengthen our energy sector, with development partners including the Governments of New Zealand, the European Union, and the UAE.”

The project considers gender as a cross cutting issue associated with energy development. A Gender Scoping Study was undertaken during ESDP preparations, with a Gender Action Plan and Monitoring and Evaluation Frameworksubsequently prepared. This will ensure men and women have equal input into the project’s design and implementation,and share equally in the benefits of increased energy affordability.

The Tuvalu ESDP will be funded through a US$7 million grant from the IDA, the World Bank’s fund for the poorest countries.

ENDS


© Scoop Media

 
 
 
World Headlines

 


UN: UNHCR Chief Urges Better Support For 13 Million 'Exhausted' And Displaced Syrians
UN High Commissioner for Refugees, Filippo Grandi, has urged greater international support for the more than 13 million Syrians who’ve been displaced in the past 10 years...More>>


>UN: Recent Kosovo-Serbia Tensions Could ‘Unravel Steady But Fragile Progress’

Tensions over vehicle licence plates and anti-smuggling operations, between authorities in Kosovo and Serbia, in recent weeks, may contribute to unravelling “steady but fragile progress made in rebuilding trust among communities” in Kosovo and Serbia...
More>>

ITUC: Nobel Prize In Economics Explodes Minimum Wage And Jobs Myth

The prize was awarded to David Card, Joshua Angrist and Guido Imbens for real-world research in the 1990s that demonstrated, empirically, that the idea touted by conservative economists that higher minimum wages mean fewer jobs is not based on fact... More>>

Focus On: UN SDGs


UN: With Clock Ticking, Sustainable Transport Key To Global Goals
From electric cars and buses to zero-carbon producing energy sources, new and emerging technologies along with innovative policy changes, are critical for combating climate change. But to be effective, they must ensure that transport strategies benefit everyone, including the poorest... More>>


COP26: 7 Climate Action Highlights To Remember

A September to remember, a pivotal month for climate action commitments. From the United Nations General Assembly week to the final pre-COP meeting, last month was an important time to build momentum... More>>


UN: Global Leaders Set To Act To Increase Energy Access While Reducing Emissions At First UN Energy Summit In 40 Years

Significant new commitments for financing clean energy, increasing renewables and improving access to electricity are expected to be announced on 24 September at the UN High-level Dialogue on Energy... More>>