What is the Tuvalu energy project?

The project will help the Government of Tuvalu expand access to modern energy services; improve service quality, reliability, and climate resilience; reduce reliance on fossil fuels for power generation; and reduce the cost of generation. The project will decrease the supply cost by partially replacing diesel power with solar power.

Where does Tuvalu electricity come from?

Tuvalu's power has come from electricity generation facilities that use imported diesel brought in by ships. The Tuvalu Electricity Corporation (TEC) on the main island of Funafuti operates the large power station (2000 kW).

Where will solar power be boosted in Tuvalu?

Solar power will be boosted in four locations: Funafuti (the capital) and the islands of Nui, Nukufetau and Nukulaelae. The project has been classified C for Involuntary Resettlement and Indigenous People. Tuvalu is an independent sovereign state, and the government of the day is elected from the indigenous population.

How much does IAREP cost in Tuvalu?

It has an overall estimated cost of $750 million, including ADB financing of up to $200 million. Through this program, the facility will finance a grant to Tuvalu for the Increasing Access to Renewable Energy Project (IAREP).

What does ADB funding mean for Tuvalu?

The ADB project funding announced in November 2019 will increase production of electricity from renewable energy sources from 15% to 32% in Funafuti and from around 70% to over 90% in Tuvalu's outer islands.