News | Tina River Hydropower

MIGA Covers K-Water & HEC Investment in Solomon Islands’ First Hydropower Project

23/03/202019/03/2020 by Sarina Laurence

Tina River Hydropower Development Project will help reduce dependency on imported diesel fuel, avoid 1.3 million tons of CO2. WASHINGTON DC, March 19, 2020 The Multilateral Investment Guarantee Agency (MIGA), a member of the World Bank Group, has issued guarantees that will support the development, financing, construction, operation, and maintenance of the Tina River Hydropower Development Project in the Solomon Islands. The guarantees, issued to Korea Water Resources Corporation (‘K-Water’) and Hyundai Engineering Co., Ltd. (‘HEC’) and amounting to US$14.094 million, cover 90 percent of the equity investments and future earnings in the Project for up to 20 years through …

Tina River Hydro Development enabling women through a Gender Action Plan

19/03/202006/03/2020 by James Dolarii

Honiara, Solomon Islands. While life for most women in the Solomon Islands ambles along, there is a definite sense of change on the horizon as the country finds itself on the precipice of significant advancements in the lives of women and girls. Despite difficult and deep-rooted obstacles, optimism and opportunity is being embraced by ladies across the land. Working hard to enable this change and on eve of construction, the Tina River Hydropower Development (TRHPD) Project continues to work with women and their communities and on a Gender Action Plan. The plan is designed to promote equal opportunities for both …

A boost for local employment – the Tina River Hydropower Project

02/04/202008/02/2020 by James Dolarii

Preparations for the construction of the access road to the Tina River Hydropower Development are now underway and with it, approximately 145 newly created jobs for the local community will be available. Advertising to recruit local residents to fill these jobs has commenced and people are being urged to apply to work on the nation building infrastructure project. The positions are posed to provide those keen on a career in construction, valuable training and experience. The project, which is due to be completed and commissioned in 2024, will employee approximately 145 locals during the first phase of construction of the …

Tina River Hydropower Project reaches financial close

02/04/202016/12/2019 by James Dolarii

Financing packages for the Tina River Hydropower Development Project, estimated to reach US $240 million, have been finalised in Honiara. This major milestone for the 15-megawatt hydropower infrastructure project now clears the way for construction to commence late January 2020. Six financing organisations have come together to make the vision for clean renewable energy and more affordable electricity, a reality for the government and its people. The project is being financed through a combination of loans and grants; with a final cost for building the hydropower dam and station estimated at US$184 million. The total project cost is expected to reach …

The Tina River Hydropower Project is on track for a Royal visit

02/04/202019/11/2019 by James Dolarii

Tina River Hydropower Project on track for Royal visit

The serious environmental problems currently facing Solomon Islanders will be high on the agenda when His Royal Highness Prince of Wales Prince Charles makes his first-ever visit to the Solomon Islands on November 24th and 25th. In a two-day visit, Prince Charles will meet with Prime Minister Manasseh Sogavare and other leaders in Honiara who will discuss, amongst other things, the consequences of climate change on island life. With a focus on solutions for the future, the Solomon Islands Government (SIG) will brief his Royal Highness on their commitment to the reduction of greenhouse gas emissions through the Tina River …

Crucial final agreements signed for Tina River Hydropower Project

02/04/202004/10/2019 by James Dolarii

Signing of ADB financing Agreement Tina River Hydro Project

The Engineering Procurement and Construction (EPC) contract for the Tina River Hydropower Project has been signed between Tina Hydro Power Ltd (THL) and Hyundai Engineering Company Ltd (HEC) on the 30 September 2019 in Honiara, Solomon Islands. The Engineering Procurement and Construction (EPC) contract for the Tina River Hydropower Project has been signed between Tina Hydro Power Ltd (THL) and Hyundai Engineering Company Ltd (HEC) on the 30th of September 2019 in Honiara, Solomon Islands. This is the latest key signing which follows the signing of the On-lending Agreement between THL and the Ministry of Finance and Treasury (MOFT), the …

TRHDP Development Consent Granted

02/04/202029/07/2019 by James Dolarii

On 25th July 2019, the Director of Environment and Conservation Division (ECD) under Ministry of Environment, Climate Change, Disaster Management and Meteorology (MECDM) approved Tina Hydropower Limited’s (THL’s) Development Application for the Tina River Hydropower Development Project (TRHDP) and granted THL the Development Consent under section 22 and 24 of the Environment Act 1998, to undertake the development of TRHDP. The development consent is applicable for component 1 and 2 of TRHDP that comprise the construction of access roads and main project works including dam, reservoir, power station and tunnel. The development consent outlines several conditions including those prescribed in …

Environment Impact Statement 2019 (EIS) available for Public Comment

02/04/202016/06/2019 by James Dolarii

On 31 May 2019, the Director of the Environment and Conservation Division approved Tina Hydropower Ltd’s (THL’s) Environmental Impact Statement (EIS) for public comment under sections 22 and 24 of the Environment Act. The EIS supports THL’s development consent application for the construction of the access road and main Project works including the dam, reservoir, power station and tunnel. The EIS is now open for public comment until 29 June 2019 in accordance with the formal approval process provided under the Environment Act. A copy of the EIS document is available and can be viewed or downloaded from our website by following this …

Third Release in the Tina Hydro Video Series: Powerless – The Challenge Facing Businesses in Solomon Islands

02/04/202022/12/2017 by James Dolarii

A series of short clips have been prepared about Tina River Hydro and its importance to Solomon Islands. The third story in the series has been released: ‘Powerless: The Challenge Facing Businesses in Solomon Islands’. It shares the story of Toata Molea, a Honiara businessman who is struggling under the high cost of electricity provided by Solomon Power.

GREEN Climate Fund (GCF) will soon release USD$86 million for the Tina Hydro Project

02/04/202017/11/2017 by James Dolarii

GREEN Climate Fund (GCF) will soon release USD$86 million (SBD$669,010,391.46) for the much-awaited Tina Hydro Project in central Guadalcanal. This followed the signing of an Accreditation Master Agreement (AMA) between GCF and the World Bank, Monday, on the margins of the 23rd climate change summit currently underway in Bonn, Germany. “The signing of the AMA opens the way for GCF to transfer its funding support to Tina Hydro Project in Solomon Islands.” GCF Executive Director Howard Bamsey. “The GCF and the World Bank share an understanding about the vital need to finance innovative infrastructure and clean technologies in developing countries …