Supporting Financial Sustainability and Energy Transition

Proposed

The proposed TA will support energy transition and renewable energy integration in the Pacific and Southeast Asia, while ensuring the financial sustainability of the sector. Accelerating energy transition through investments in intermittent and variable renewable energy requires a significant shift in the design, functions, capacity, and operations of the power transmission and distribution systems, hence urgent and thorough review and reassessment of the strategy, technical requirements, and sector financial sustainability. This TA will promote sustainable development, reduce carbon emissions, and enhance energy security, contributing to the broader goals of fiscal stability and inclusive growth in the participating countries.