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Marshall Islands
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Marshall Islands

Project Name: Home Energy Efficiency and Renewable Energy Project in the Marshall Islands
Project Description: The project supports the household energy efficiency and home solar system relending facilities to be carried out by Marshall Islands Development Bank (MIDB) and the Marshalls Energy Company (MEC). As such, the Project consists of two components:
Component I Energy Efficiency ("EE"): EE Sub-loans will be made to households for the introduction of energy-saving appliances and light fittings and, if necessary, the upgrading of internal household wiring.
Component II Renewable Energy ("RE"): A RE Sub-loan will be made to households for installing a solar photovoltaic system connecting to the grid, post the above energy efficiency improvements.

Project Objectives: This Project aims to increase in local energy resources and efficient utilization of energy through the household sector, both of which are expected to reduce pollution through a reduction in the use of imported fossil fuel for power generation.
Executing Agency: Ministry of Finance (MoF)
Implementation Arrangement: The MoF will be the Executing Agency of the Project, while the Ministry of Resources and Development (MoR&D), the authority in the RMI responsible for its energy policy planning and coordination, will serve as the Executing Partner in assisting the MoF to coordinate implementation of the Project
MEC and MIDB will be the Implementing Agencies, with MEC responsible for technical matters, including raising awareness and the promotion of the Project to the public, and MIDB responsible for re-lending facilities in accordance with the MOU.
Project Contact: Wu, Wei-lung
Phone: +886-2-28732323 #512
E-mail: w.l.wu@icdf.org.tw
Project Type: 20
Signing Date: 2016/11/8
Sector: Economic Infrastructure and Services
Sector Item: Energy Generation and Supply
Lending Amount: US$ 4,000,000
Cooperating Country: Asia-Pacific, Marshall Islands
Project status: Projects under implementation
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  • Date:2017/4/26
  • Date Updated:2017/6/9