Nabou Green Energy Limited is Fiji’s first major Independent Power Producer (IPP) comprised of four key stakeholders; GIMCO, GS Power, Mirae Asset Daewoo and Tropik Fiji Ltd operating a 12MW biomass plant. The plant has been constructed in Nabou, Sigatoka with official opening in late July 2017.
The plant was conceived at a chance meeting in Incheon Airport in Seoul in 2012 when the Prime Minister, Hon. Voreqe Bainimarama, the Chairman of Tropik Woods, the Ambassador of Fiji in Korea met with GIMCO representatives and GIMCO agreed to explore the opportunity for an investment in Fiji’s energy sector. From the initial meeting in 2012, GIMCO moved to Fiji, explored the viability for a biomass plant and with the support of government and Fiji Electricity signed a Power Purchase Agreement (PPA) for 25 years. Given the stature of such a project and being one of the first in Fiji and the South Pacific, there was always going to be a tough time to attract local investors as it was very difficult to predict accurately if the project will be successful and deliver great returns for investors. The lone local owned and operated entity, Tropik (Fiji) Ltd, provided 5000 hectares of land for the construction and growing of the feedstock for the proposed biomass plant. With all the uncertainty and risks, GIMCO decided to obtain funding from Korea. It was at this stage GS Power and Mirae Asset Daewood came on board and invested financially. With the support of GS Power, Mirae Asset Daewoo and Tropik (Fiji) Ltd., Nabou Green Energy Limited was formed.
With all the formalities completed, the construction of the plant began in April 2015. The construction lasted 28 months and was successfully completed in July 2017. With the successful completion of the plant, Nabou Green Energy Limited started injecting electricity into the Fiji Electricity Grid. The unique feature of this plant is its ability to use the widely available, fast growing, energy dense Gliricidia Sepium (Hindi- Sirsa; Fijian- Banicagi) as a feedstock for the boiler. Wood residues from sawmills and logging industries will also be used. The plant also utilities African Tulips which has been classified as an invasive species by the Department of Forestry. African Tulips (Hindi-Lal Munia; Fijian- Pasi) are known to grow quickly and displace native vegetation and invade natural ecosystems. Using African Tulips as a feedstock will help the Government in its eradication efforts.