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Marshall Islands

Department: Lending and Investment
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. The applicant households must take an energy audit carried out by the MEC free of charge to obtain a list of the inefficient appliances and light fittings in need of replacement, which will later be provided to the MIDB for loan approval.
Component II Renewable Energy ("RE"): A RE sub-loan will be made to households for installing a solar photovoltaic system, provided that the applicant households have achieved the energy efficient level required by the MEC.
In one of the side events of the 23rd Conference of the Parties to the United Nations Framework Convention on Climate Change (COP23) held in Bonn, Germany, the TaiwanICDF shared with the international community the expected contribution to climate change mitigation of the Project, which is anticipated to achieve 992 tons of CO2 reductions annually.
The GHG Emissions Reduction Report of the Project is available for download on the english Project website.
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 Manager: Yung-Hsin Lin
Phone: 886-2-2873-2323 ext.511
E-mail: yh.lin@icdf.org.tw
Signing Date: 2016/11/8
Sector: Economic Infrastructure and Services
Sector Item: Energy Generation and Supply
Borrower: Government of Marshall Islands
Cooperating Country: Asia-Pacific, Marshall Islands
Project status: Projects under implementation

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  • QR code of the english Project website

    QR code of the english Project website

  • Hits:10247
  • Date:2017/4/26
  • Date Updated:2018/1/11