Asia Development Bank: EFL Will Struggle
Energy Fiji Ltd will struggle to achieve its target of 90 per cent renewable energy generation by 2025, said Asian Development Bank (ADB).
In a new report released this week, ADB studied the financial performance of State-owned enterprises in nine Pacific economies and also looked at risks State-owned power utilities faced as a result of climate change.
“While EFL has an ambitious pipeline of renewable energy projects, it has struggled in recent years to successfully tender and negotiate independent power producer (IPP) contracts, with COVID-19 contributing to delays,” the report said.
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Story by: dionisia.tabureguci@fijisun.com.fj
