FIJI TO BUILD $59 MILLION HYDRO PROJECT

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SUVA, Fiji (Fiji Times, May 3) – The Fiji Electricity Authority has entered a FJ$102 million [US$59.1 million] joint venture agreement to develop the Nadarivatu 38 megawatt hydro dam.

[PIR Editor's note: Nadarivatu is located in the northern region of Fiji's Viti Levu island.]

The joint venture partner is Pacific Hydro Ltd of Australia, caretaker Minister for Works Savenaca Draunidalo said.

He said the plant was expected to be operational by mid-2008.

He said a catchment area for the hydro plant had already been identified and a road built to the site.

"This will be one of the – if not the – biggest single project that has been undertaken in Fiji during the five years that this government has been in power," he said.

Draunidalo said the Government supported Fiji Electricity Authority and its joint venture company in their commitment to develop renewable sources of energy.

"Water of course is one of Fiji Electricity Authority 's key renewable sources of energy," he said.

"Hydroelectricity is the main supply of clean and renewable energy in Fiji right now apart from wind," he said. "This government is proud to be part of projects like this – working with partners in government and private sector to generate clean, green energy."

Pacific Hydro chief executive and chairman of Sustainable Energy Ltd, Robert Grant said human- induced climate change was recognized as one of the most serious global challenges ever.

"It can be only effectively tackled if all nations work together in the pursuit of truly sustainable development," Grant said.

May 4, 2006

Fiji Times Online: http://www.fijitimes.com .

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