Taiwan Provides Palau Another $2.1 Million In Stimulus Funds

admin's picture

Pacific Islands Development Program, East-West Center With Support From Center for Pacific Islands Studies, University of Hawai‘i

Clean energy cooperation project funded by Taipei

By Jose Rodriguez T. Senase

KOROR, Palau (Island Times, Nov. 12, 2015) – The Government of the Republic of China (ROC) will hand over to the Palau Government more than $2.1 million in stimulus funding and other assistance under a clean energy cooperation project between the two countries.

ROC Ambassador to Palau, Harry Ho-Jen Tseng will personally hand over the money to Minister of Finance Elbuchel Sadang during a ceremony to be held today at the MOF office.

According to information from the ROC Embassy, the breakdown of the money and the projects that will be funded by them are the following: Fifth tranche of 2014 annual assistance: about 1.3 million; First tranche of 2015 annual assistance: about 770k; Second tranche of 2014 Clean Energy Cooperation Project: about 23k; Assistance to President's outreach activities: about 47k.

The Clean Energy Cooperation Project aims to assist Palau in developing its renewable energy resources in order to reduce its carbon dioxide emission. The Project has been implemented since 2010 and its content for 2014 is to install 20kw grid-tied PV system at the swimming pool facility of Palau National Olympic Committee (PNOC) in Meyuns, Koror State, as well as solar street lights in KB Bridge Park (Koror side) and in Ibobang, Ngatpang State.

The first tranche for the energy cooperation project in the amount of $250,000 was handed over to Palau in September this year.

With the latest funding turnover, the ROC Government has now provided more than $6 million to the Palau Government this year.

In September 2015, Palau received $1.7 million in stimulus funding from the ROC. In July 17, 2015, the ROC handed over $2.1 million to Palau for 2014 State Economic Stimulus Projects that include the KB Bridge Koror Recreational Park, the Ngerbeched Desekel-Tiull Road Improvement, the Melekeok Ngerubesang Dispensary waterline, the Ngaraard Osebokel Kedam Road improvements, improvements to the Office of Revenue and Taxation’s information system, facility and equipment improvements at the Belau National Hospital, the Judiciary complex expansion, and the Palau International Coral Reef Center Research Facilities expansion.

Subsequently, on July 22, 2015, the Ministry of Finance received $500,000.00 toward the 2013 Small Grants Projects and States’ Economic Development Projects from the ROC.

Rate this article: 
No votes yet

Add new comment