What is the Kiribati grid connected solar PV project?

Ending in 2018, the Kiribati Grid Connected Solar PV Project is coordinated by the World Bank and funded through a US$1 million grant from the Global Environment Fund (GEF) and a US$2.92 million grant from the Government of Australia, through the Pacific Regional Infrastructure Facility (PRIF).

Will solar panels reduce Kiribati's dependence on imported fuel?

Tarawa Kiribati, September 23, 2016 – Large-scale solar panels installed at four government owned facilities were officially unveiled today as part of a new World Bank project designed to reduce Kiribati’s dependence on imported fuel.

Who generates electricity in Kiribati?

Sector context. Grid-connected electricity in Kiribati’s capital, South Tarawa, is generated 4. and distributed by the Public Utilities Board (PUB), a state-owned electricity and water utility.

Why is electricity so expensive in Kiribati?

Of the 7,877 households in South Tarawa (44% of total households in Kiribati), 72.4% are connected to grid electricity. Access is largely for lighting, and that lighting is often insufficient, inefficient, and expensive. The high electricity cost has suppressed demand and has hindered growth in the commercial and tourism sectors.

Why are there no independent power providers in Kiribati?

Also, despite the potential for revenue generation from the high electricity costs, there are currently no independent power providers in Kiribati. Barriers to private sector investment include (i) lack of an enabling policy and regulatory framework, (ii) credit worthiness of PUB as an off-taker, and (iii) small transaction sizes.8

Why is Kiribati so dependent on imports?

Kiribati’s small size and remoteness makes it highly dependent on imports, and extremely vulnerable to any changes in global fuel prices. About half of all imported fuel in 2012 was used for electricity generation on the South Tarawa grid, servicing around 52,000 people.