Loan fact-finding for Yap’s renewable energy project

The mission will comprise of  Anthony Maxwell, senior energy specialist/mission leader; Paul Hattle, energy specialist; Asghar Ali Syed, legal counsel; and. Martina Tonizzo of the Pacific department.

The objectives of the mission  are to (1) review consultants report and undertake due diligence assessment for the project, (2) sign a memorandum of understanding with the government agreeing on the scope of works of the project, and (3) hold discussions with  the state and national governments about the proposed financing plan, including government guarantees.

The mission will meet with relevant government officials, assistance partners, and other stakeholders.

Among those the mission members will meet are:

• FSM Department of Resources and Development, Hubert Yamada, Energy Division

• Japan International Cooperation Agency Micronesia Office, Shinichi Hamada, resident representative

• Embassy of the United States of America, David Reynolds, economic advisor

• Yap State Government, Gov. Sebastian Anefal

• Yap State Public Service Corp., Faustino Yangmog, general manager/CEO; Vincent Bouet, chief engineer

• Pohnpei State Government, Gov. Johyn Ehsa

• Pohnpei Utility Corp., Feliciano Perman, general manager/CEO

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