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The Solomon Islands National Development Strategy 2016–2035 called for greater use of renewable energy generation in the medium term, to service both urban and rural demand. It also called for opening the market to independent power providers.
The Kidston Pumped Storage Hydro project is the first pumped hydro energy storage scheme globally to be developed in an abandoned gold mine. The giant battery located in Kidston, Far-North Queensland will pump water uphill when energy is abundant during off peak periods and releasing it to create power in times of peak demand. The Kidston project is supported by NAIF’s 15-year concessional loan of AUD610m (USD475 million) - debt finance. Genex will provide AUD120 million (USD93 million), including AUD25 million (USD19.5 million) investment by J-Power -equity finance.
Up to US$ 50 million sovereign-guaranteed loan to Barki Tojik for Phase I of the rehabilitation. Phase I is co-financed with funds from the Pilot Program for Climate Resilience.
To date, 112 IPP projects have been procured from four bidding round windows with further windows expected to be announced in the future
The Itaipu Hydroelectric Dam (the Dam) is located on the Paraná River on the border between Brazil and Paraguay