Kiribati equity energy storage project

What is Kiribati's energy consumption?

Primary energy demand. Kiribati’s energy consumption, which is dominated by imported fossil fuels (52%) and coconut oil (42%), has been steadily increasing over the last few years. The residential sector is the largest consumer of energy, followed by land transport.

Does Kiribati need electricity?

As a small, remote island state, Kiribati is highly dependent on imported energy supply. Electricity is one of the government’s largest expenditures. Yet the current fossil fuel-based power system is inadequate to meet future demand.

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.

How did Kiribati get a grant co-finance?

The Government 24 Project Administration Manual (accessible from the list of linked documents in Appendix 2). of Kiribati requested grant co-financing equivalent to $3.7 million from the Strategic Climate Fund,25 and $2.0 million from the Government of New Zealand through the Ministry of Foreign Affairs and Trade, both to be administered by ADB.

Why is Kiribati so expensive?

Kiribati’s remoteness from major markets and most resources leads to high import costs, while its low elevation - averaging only 2 meters above sea level - creates severe vulnerability to sea-level rise and other climate change impacts and natural hazards.

Can ADB improve aid effectiveness in Kiribati?

A development partners’ agreement to improve aid effectiveness in Kiribati, which builds on the Paris Declaration, has been discussed among partners and with the government, and ADB will seek opportunities to promote its development. 19.