Friday, March 22, 2013

President Mori attends the Pacific Energy Leaders Summit

FSMIS (March 22, 2013): President Manny Mori recently departed the FSM Capital on a trip to the Kingdom of Tonga where Pacific Leaders gathered on March 21-22 for a summit on energy sector development roadmap throughout the region.

Leaders will also gather for the same purpose in Auckland, New Zealand on 25-27 of the same month.

President Mori will include in his summit remarks some briefings on concurrent energy development projects for outer-island electrification and hydro plant restoration in Pohnpei sourced by European Union EDF grants of nearly $15 million over a 10-year period; Japan International Cooperation Agency (JICA) 180 kilo-watt-hour solar energy pilot project located at the College of Micronesia-FSM, Palikir and the FSM President’s Office; Pacific Environmental Community fund of $4 million from the Government of Japan as well as an Italian $800k grant for photovoltic grid-connection system in Chuuk.

The President will have the opportunity to highlight the FSM’s Energy Policy, which got adopted in October 2012, providing the energy development planning and execution guidance for the foreseeable future.

The Energy Policy’s main objective is to improve the quality of lives “through the provision of safe, secured, and affordable energy”, with the aim that 30% of total energy production will be achieved through renewable energy sources by 2023.

The FSM delegation to the energy summit accompanying President Mori includes Mr. Hubert Yamada, Assistant Secretary Energy Division, Department of Resources and Development; Mr. Mark Wiate, General Manager, Chuuk Public Utility Corporation; Mr. William Hawley, Board Chairman, FSM Petroleum Corporation and Mr. Jared Morris, Chief Executive Officer, FSM Petroleum Corporation.
For more information, write to or call 320-2548.  

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