ADB to invest $228 Million in the Pacific

Asian Development Bank(ADB) will invest $228 million in the Pacific Island Countries in form of energy projects.  These projects are intended to reduce the region's reliance on fossil fuels for energy. "ADB's energy strategy in the Pacific is focused on assisting Pacific governments with projects that will build greater energy security and sustainability in the region," said Mike Trainor, ADB's Pacific Energy Specialist and lead author of the report in a statement. 
The report released by ADB stated that there is an expected 7% increase in the demand for electricity annually in the Pacific Islands up until 2030.  
   Many Pacific Islanders will be grateful for that considering the cost of electricity is very high especially here in Pohnpei, Federated States of Micronesia.  

If they can lend Pohnpei Utility Corporation (PUC) some of the money to rebuild the hydroelectric plant at Nanpil, or buy wind turbines to place on top of Sokehs Rock, these will probably generate more electricity than the petroleum plant.