Nauru Energy Storage Industrial Park Project

How much money will be spent on environmental projects in Nauru?

This is currently estimated at $17.30 million and will cover $7.70 million of the expenditure related to civil works, $6.60 million for additional physical contingencies, and $3.00 million of in-kind contributions. Funded by the Asian Development Bank, Green Climate Fund, Australian Government (DFAT) and Government of Nauru.

How can Nauru reduce its reliance on imported diesel?

In parallel, Nauru is rolling out a $22 million renewable energy project aimed at reducing its reliance on imported diesel. The project includes a 6-megawatt solar farm which, now nearing completion, is expected to lift renewable energy’s share of electricity generation from 3 per cent to 47 per cent.

What is Nauru doing now?

After years of economic stagnation, the country is now seeing positive momentum, fuelled by large-scale infrastructure investments, renewable energy projects, and a modest resurgence in tourism. A centrepiece of Nauru’s infrastructure agenda is the construction of its first international seaport in Aiwo District.

Why is Nauru economically vulnerable?

These direct flights are critical for facilitating trade, tourism, and business travel across the region. Despite these encouraging developments, Nauru remains economically vulnerable due to its narrow revenue base and ongoing reliance on fishing licences and the Australian-funded Regional Processing Centre.