THE Solomon Islands marks a new beginning for the green energy sector at the ceremony for the Main Works of the Tina Hydro Project at the proposed powerhouse site.
The event was attended by Honorable Prime Minister Jeremiah Manele, various ministers, K-Water CEO Dr. Yun Seog Dae, World Bank Country Director Stephen Ndegwa, Australian High Commissioner Rod Hilton, Premier of Guadalcanal Hon. William Atu, project specialists, dignitaries, local community leaders, and representatives from core landowning tribes.
In his address, Prime Minister Manele highlighted the transformative impact of the project on the Solomon Islands’ socio-economic sector, particularly in addressing high electricity tariffs that burden households and businesses.
The Tina River Hydro Development Project (TRHDP), with a total cost of approximately US$240 million (equivalent to SBD$1.9 billion), is designed to generate around 15 megawatts of renewable energy. This facility is expected to significantly reduce electricity costs and enhance energy security, aiming for 70% hydropower reliance by 2028, in a nation that has historically depended on imported fossil fuels, leaving it vulnerable to global price fluctuations.
“This project is more than just energy production; it is about empowering our people and making the Solomon Islands an attractive destination for investment,” the Prime Minister stated. He emphasized that the hydro facility would lower tariffs while aligning with global sustainability goals.
Dr. Yun Seog Dae, CEO of Korea Water Resources Corporation (K-water), acknowledged the challenges faced during the project’s development, including high inflation and disruptions due to the global supply chain crisis stemming from the Russia-Ukraine war. Despite these obstacles, he expressed confidence in the project’s potential to foster positive development in the country, transitioning from fossil fuels to renewable energy. Dr. Yun drew parallels between the project and South Korea’s industrialization, which began with the Soyanggang River Dam, hoping for similar progress in the Solomon Islands.
Australian High Commissioner Rod Hilton also spoke at the ceremony, expressing gratitude for the partnership that enabled the project’s advancement. The Australian Government has contributed SBD$160 million through the World Bank since the project’s inception. Australia is also supporting the construction of a 22-kilometer transmission line to connect the Tina River hydropower site to the Honiara electricity grid reducing the country’s exposure to volatile global fuel prices and aiding in meeting greenhouse gas emissions targets under the Paris Agreement 2015.
The Guadalcanal Provincial Government also contributed to the TRHDP with a SBD$6 million waiver on tariffs in 2019.
Premier Atu told GP Media that he is indeed happy to see the fulfilment of the TRHDP and stated that his Executive will continue to support it.
In conclusion, Prime Minister Manele urged all stakeholders to recognize the significance of the Tina Hydro Project in securing a prosperous and resilient future for the Solomon Islands.
“Together, we are laying the foundation for an energy-secure future,” he affirmed, reinforcing a message of unity and shared purpose for Solomon Islands’ positive development.
Source: GP Media
