The World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programs. It comprises two institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA).
Australian Department of Foreign Affairs and Trade
The Australian Department of Foreign Affairs and Trade (DFAT) is a department of the Government of Australia charged with the responsibility of advancing the interest of Australia and its citizens internationally.
International Finance Coporation (IFC)
The International Finance Corporation (IFC) is an international financial institution that offers investment, advisory, and asset management services to encourage private sector development in developing countries. The IFC is a member of the World Bank Group and is headquartered in Washington D.C., United States. It was established in 1956 as the private sector arm of the World Bank group to advance economic development by investing in strictly for-profit and commercial projects that purport to reduce poverty and promote development.
Green Climate Fund (GCF)
The Green Climate Fund was established with a mission to advance the goal of keeping the temperature increase on our home planet below 2 degrees Celsius. The Fund is a unique global initiative to respond to climate change by investing into low-emission and climate-resilient development. GCF was established by 194 governments to limit or reduce greenhouse gas emissions in developing countries, and to help adapt vulnerable societies to the unavoidable impacts of climate change.
Economic Development Corporation Fund (EDCF)
Drawing on Korea’s own development experience over the years, the EDCF assists partner countries by providing funding for their industrial development and economic stability. According to its objective of promoting the economic development of partner countries and building mutual cooperation, EDCF is dedicated to providing support for developing countries to build infrastructure to achieve sustainable growth.
Asian Development Bank (ADB)
The Asian Development Bank aims for an Asia and Pacific free from poverty. Its mission is to help developing member countries reduce poverty and improve the quality of life of their people. ADB in partnership with member governments, independent specialists and other financial institutions is focused on delivering projects in developing member countries that create economic and development impact.
International Renewable Energy Agency (IRENA)
The International Renewable Energy Agency (IRENA) is an intergovernmental organisation that supports countries in their transition to a sustainable energy future, and serves as the principal platform for international cooperation, a centre of excellence, and a repository of policy, technology, resource and financial knowledge on renewable energy. IRENA promotes the widespread adoption and sustainable use of all forms of renewable energy, including bioenergy, geothermal, hydropower, ocean, solar and wind energy in the pursuit of sustainable development, energy access, energy security and low-carbon economic growth and prosperity. IRENA and the Abu Dhabi Fund for Development (ADFD) have collaborated to create a joint Project Facility to finance transformative and replicable renewable energy projects in developing countries.
European Investment Bank
The European Investment Bank (EIB) is the European Union’s nonprofit long-term lending institution established in 1958 under the Treaty of Rome. As a “policy-driven bank” whose shareholders are the member states of the EU, the EIB uses its financing operations to bring about European integration and social cohesion.
Commercial Development Partner
Korea Water Corporation (K-Water)
A government-owned corporation, K-water has more than 40 years’ experience managing water resources and developing water resources infrastructure, including hydropower and water supply systems, since its establishment in 1967. Over the past 10 years, K-water completed more than 50 overseas projects providing consultancy services (master planning, feasibility studies, design & construction supervision, O&M, etc.) in over 20 countries, and it is developing overseas projects as an investor and/or O&M contractor particularly focusing on hydropower.
Hyundai Engineering Co (HEC)
Hyundai Engineering (HEC), established in 1974, has core competency covering overall project life cycle comprised of feasibility study, basic & detailed design, procuring, commissioning and operation & maintenance and has been acknowledged for its extensive experience and accumulated technologies over the world. As a member of Hyundai Motor Group, Hyundai Engineering has achieved brilliant advances and now has become one of the leading Korean companies in the world.
Solomon Power (SP)
Solomon Power is the trading name of the Solomon Islands Electricity Authority (SIEA), a statutory body wholly owned by Solomon Islands Government and responsible for providing electricity in Solomon Islands.