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On Friday, June 14, 2024, the Polynesian Energy and Electricity Transport Company (TEP) and the French Development Agency (AFD) signed a loan agreement in the amount of 1.133 billion francs (9.5 million euros) to support the implementation of the TEP investment program.
This important investment program for Tahiti’s electricity grid aims in particular to strengthen the high-voltage line from Punalu to Fatatia, the lines in the southern and eastern valleys, the coastal network in the south, the substation in the Papenou Valley, and finally the supply-demand balancing tools.
Its deployment will make it possible to ensure electricity supply to Tahiti users, improve the quality of service and maximize the penetration of renewable energy by strengthening the lines responsible for evacuating the island’s hydroelectric production.
The network will also be able to integrate energy generated by solar power plants to be installed in the south in the future.
These investments will contribute to the energy transition in French Polynesia and to the goal of 75% renewable energy (EnR) in the electricity mix by 2030. This new project is part of AFD’s long-term financial support with TEP, which began in 2018 to finance part of the cycle of the northern Tahiti electricity grid.
Source: French Development Agency (AFD)
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