ENERGY Fiji Limited (EFL) CEO Fatiaki Gibson has urged international funding partners to adopt a de-risking guarantee provision to boost investor confidence in Pacific energy projects.
Speaking at the European Union Pacific Business Forum in Nadi on Thursday, Mr Gibson said this provision would allow for EFL to enter the energy sector with more confidence.
“I’d like to request that the forum, especially our funding partners, consider this de-risking guarantee provision,” he said.
“This de-risking guarantee provision, I believe, will be stapled on a power purchase agreement and what it does, it de-risks the views of the IDP (independent power producer) proponent or the investor.”
Mr Gibson said the measure would be a key area for assisting not only EFL but also other Pacific Island projects in mitigating investment risks from the private sector and other IDPs.
“I know the Climate Investment Fund has the provision, but they normally give it through either the ADB, World Bank or even the EU.”
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Note: This article was first published under the headline: Call for de-risking provision in Page 16 of the print version of The Fiji Times dated Saturday, September 06, 2025
