Asian Development Bank

ADB offers support for Pacific renewable power projects

The support includes loans, guarantees, and letters of credit aimed to overcome constraints to private sector investment in the renewables sector.

The ADB says the Pacific Renewable Energy Programme will support an estimated 5 separate renewable energy projects in its Pacific developing member countries over a 5 year period.

"The program will help to build urgently needed capacity for energy sector expansion and private sector interest in clean energy projects in the region," said the Director General of the ADB's Pacific Department Carmela Locsin

K27.7m Mendi Airport upgrade

The reception was overwhelming as people cheered and clapped their hands at the airport tarmac to witness the ground breaking ceremony after the airport was closed in June this year following a civil unrest that saw the burning of a Dash 8 Air Niugini aircraft.

The Mendi Airport Upgrade project was launched by Minister for Civil Aviation and Kandep MP Alfred Manase, and Member for Mendi-Munihu and Works & Implementation Minister, Michael Nali.

Minister Manase told the over 2,000 people that work on the upgrade of the airport will commence without delay.

ADB wants the Pacific to do more to adapt to climate change

In its latest Pacific Economic Monitor the Bank said changes were needed now to mitigate disaster risks to improve the region's economic growth and development prospects,

The ADB's director general of its Pacific Department, Carmela Locsin, said many Pacific countries had taken steps to improve resilience but she said more innovative approaches and greater institutional capacity could help the response.

Bialla impresses ADB contingent

 

They inspected the Bialla Health Centre today and were impressed on the scope of work done by the project team.

Apart from Kimbe, Bialla appears to be the only district town in the country that is growing in-terms of continuous investments in hotel and apartments, besides the rapid rise in shops, opening up of banking services and other business houses.

With such developments, health is of paramount importance to the administration of Governor Sasindran Muthuvel.

ADB creates $200m facility to support clean energy projects in 11 Pacific Island Countries

The Pacific Island countries to be supported by the new fund include the Cook Islands, the Federated States of Micronesia, Kiribati, Nauru, Palau, the Republic of Marshall Islands, Samoa, the Solomon Islands, Tonga, Tuvalu, and Vanuatu.

These countries face developmental issues such as small populations, limited resources, remoteness and vulnerability to natural disasters.

ADB supports energy reform, clean and renewable energy in Pacific

The Pacific Energy Update 2017 provides a comprehensive overview of ADB’s energy-focused work in the Pacific. The publication highlights the impacts of ADB-supported energy initiatives completed in 2016 and ongoing in 2017, while providing details of what ADB hopes to achieve in the energy sector in the future.

The key to disaster preparedness

Earthquakes can happen at any time. Typhoons, cyclones, floods and volcanic eruptions are among the many natural disasters that occur around us and there is a huge difference between being prepared and not being prepared when a natural disaster strikes.

Japan, like PNG, experiences earthquakes, floods from rain, cyclones and volcanic eruptions but it has changed its awareness of disaster preparedness and is targeting children with disaster education.

PNG joins Yokohama journalists’ program

This program, in the form of a tour, is a lead up activity that the second largest city in Japan is hosting before the 50th ADB meet in May.

Journalists from Indonesia, Malaysia, Thailand, Vietnam, the Philippines, India, Sri Lanka, Singapore, Maldives and Papua New Guinea will be given an insight of the city’s infrastructure, technology, lifestyle as well as arts and history this week.

Papua New Guinea is being represented by Loop PNG’s Sally Pokiton.

CCDA hopes to submit first proposal by April

The proposal must be submitted to the GCF Board to undergo screening before they can be approved for funds to be released.

CCDA is the national designated authority (NDA) that finalises and reviews the different project proposals for GCF deliberation.

CCDA acting managing director, Ruel Yamuna, said last year they had one that went through the GCF Board and was approved.

This was the renewable energy project under the Asian Development Bank, which is being rolled out within the region.

ADB confident in PNG Govt

In a brief interview with Loop PNG, ADB PNG Country Manager, Marcelo Minc, says the recent signing of the K364.83m loan showed their faith in the Government to deliver.

He said ADB does not provide loans without guarantees.

“We will not give funds if the state of implementation is not satisfactory,” says Minc.

The recent loan signing is part of the multi-tranche financing facility road program worth US$400m (K1,196.17m) and was approved in 2008 for the Highlands Road Rehabilitation and Improvement Investment Program (HRRIIP)