30 September, 2023, 5:10 am Central - 21°C Clouds

European Investment Bank Global opens office in Fiji

European Investment Bank Global opens office in Fiji

By Mansi Chand
Wednesday 08/03/2023

The European Investment Bank officially inaugurated its new representation office in Suva that covers Fiji and the Pacific region to support and accelerate Fiji’s ambitious climate action by participating in hydropower projects.

The European Investment Bank also signed a letter of intent with Energy Fiji Limited to support two major renewable energy projects, Qaliwana and Vatutokotoko hydropower plants.

The Ambassador of the European Union, Sujiro Seam says the opening of the office will help to increase engagement between the Pacific and to reinforce Fiji’s position as a hub for the Pacific.

Vice President for European Investment Bank, Ambrose Fayolle says it demonstrates to address key issues such as climate change and climate resilience for Fiji and the Pacific region.

Deputy Director General for International Partnership of the European Commission, Myriam Ferran says the opening is instrumental in implementing the global gateway rooted in partnership and sustainability and demonstrates the commitment to sustainable growth.

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