Environmental And Social Safeguard ManagerThe Project Is Managed By A Dedicated Project Office Po Operating Under The Solomon Islands Ministry Of Mines Energy And Rural Electrification Mmere The Project Is Designed To Help The Solomon Islands Develop Its Hydropower Potential Solomon Power As The Offtaker Signed A Power Purchase Agreement Ppa On 6 December 2018 With Tina Hydropower Limited Thl Owned By Korea Water Resources Corporation K Water And Hyundai Engineering Company Limited Hec Thl Will Build And Operate The Hydropower Plant For 30 Years As A Build Own Operate And Transfer Boot Model Of Operation The Solomon Islands Government Sig And Thl Have Also Executed An Implementation Agreement Ia And Government Guarantee Agreement Gga Establishing Rights And Responsibilities Between Sig And Thl The Project Reached Financial Close On 12 December 2019 On Which Date The Ppa Ia And Gga Became Fully Effective The Po Will Be Overseeing Thl S And Siea S Implementation Of The Construction Program For Their Respective Components Of The Project Ensure That All Requirements Of The Project Financiers Are Fulfilled And The Project Achieves The Anticipated Commercial Operation Date The Po Is Responsible For Regularly Reporting To Sig Through The Project Steering Committee And The Project Financiers On The Implementation Progress
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