ENERGY Fiji Limited (EFL) is seeking to secure approximately
$2billion in investment over the next decade through a new blended financing strategy, according to its chief executive officer Fatiaki Gibson.
Mr Gibson announced the initiative at the inaugural EU-Pacific Business Forum in Nadi this week.
“If you look at EFL’s program for the next decade, we’re looking at $2billion of investment that should secure the energy sector over the next decade,” he said.
“On the financing side, we are basically rolling out a blended financing strategy.”
He said the strategy has been approved by the board, and a letter requesting technical assistance, specifically for financial advisory services, has been drafted for the European Union office.
“Our board has approved that strategy and we are now in consultation with partners. We’ve already drafted a letter for the EU.”
Mr Gibson said the investment is expected to secure the energy sector for the next decade and raise Fiji’s renewable energy target from 50 per cent to 90 per cent.
He said the company is considering independent power producers (IPPs), particularly in the solar energy sector, to be part of the mix.
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Note: This article was first published under the headline: $2b financing need in Page 16 of the print version of The Fiji Times dated Saturday, September 06, 2025
