Members can access their FNPF funds for solar energy projects - Waqairawai

With the country at the forefront of the fight against climate change, the Fiji National Provident Fund is exploring the pursuit of investing in the renewable energy sector.

While responding to a question from an FNPF member if there are any plans from the Fund to invest in the renewable energy sector since they are looking at diversifying investments, FNPF Chief Investment Officer Naibuka Saune says this initiative is alongside their thematic area of focus, and they are in talks with a few of their strategic partners.

He says if people look at Energy Fiji Limited, their main expense is fuel and they are looking at if it will cater for the demand and upset the intake of fuel.

Saune says they are also hoping to increase their offshore exposure and investment.

Meanwhile, FNPF General Manager Member Services, Alipate Waqairawai, says members can access their funds for solar energy items and projects which is allowed under the current existing pre-retirement withdrawals guidelines.

He says they do not provide loans to members because the current law restricts FNPF from giving loans but there are other financial institutions that give personal loans.