The Government ofÂ NiueÂ is expecting savings to the tune of NZ$137,000 per annum with the recent commissioning of their solar photovoltaic system project. The US$4 million initiative is expected to provide significant benefits to the people ofÂ NiueÂ through the supply of solar-generated electricity throughout the entire island nation.
The project, developed and implemented by the Government ofÂ Niue, is funded through the Government of Japanâ€™s Pacific Environment Community (PEC) Fund which is administered by the Pacific Islands Forum Secretariat.
In addition to the considerable savings to government expenditure, it is also anticipated that theÂ PECfunded solar project will reduceÂ GHGÂ emission by 329 tons per year.
PECÂ Fund Project Manager, Mr Jonathan Mitchell commended the efforts of the Government ofÂ NiueÂ for this initiative, â€œThe installation of the grid connected renewable energy system is a historical development forÂ NiueÂ and is also the first solar grid connected project to be completed under theÂ PECFund. There will be significant benefits for the Government and people ofÂ NiueÂ as there will be minimum reliance on the use of fossil fuels in electricity generation, consequently providing cost savings, reducing greenhouse gas emissions and promoting environmentally sustainable economic development on the Island.â€
Mr Mitchell also expressed the appreciation and gratitude of the region to the Government and people of Japan for the provision of theÂ PECÂ Fund.
TheÂ PECÂ Fund is a commitment by the Government of Japan of Â¥6.8 billion (approxÂ US$66 million) to support Forum Island Country projects with a focus on the provision of solar power generation systems and sea water desalination plants, or a combination of both technologies.
The Forum Secretariat was tasked to manage the fund in close collaboration with the Government of Japan. Each Forum Island Country is provided with an indicative allocation of USD$4 million.
To date, the Governments of Samoa, Tuvalu, Cook Islands,Â Nauru, Solomon Islands, Fiji, Federated States of Micronesia, Kiribati,Â Niue, Republic of Palau, Republic of Marshall Islands and Vanuatu have successfully accessed theÂ PECÂ Fund for national renewable energy and seawater desalination projects.
Originally from The Jet