Solomon Islands Electricity Authority (SIEA) trading as Solomon Power (SP) is a State Owned Enterprise.
Under Section 4 of the State Owned Enterprises Act, the principal objective of the Company is to ‘operate as a successful business’, and to this end, be:
• As profitable and efficient as comparable businesses that are not owned by the Crown.
• A good employer.
• An organisation that exhibits a sense of social responsibility by having regard to the interests of the community in which it operates.
To meet these objectives, SP strives to:
Be as profitable and efficient as comparable businesses by:
• Within the Electricity and State Owned Enterprises Acts, installing, operating and maintaining electricity supply systems that meet the needs of connected customers.
• Developing and implementing capital investment plans, to improve electricity system performance and increase the network coverage of agreed areas.
• Seeking to recover efficient costs of the service provision.
• Improving the efficiency of services, whilst improving asset reliability and availability. Be a good employer by • Maintaining a well-qualified and motivated staff.
• Adopting HR policies that treat employees fairly and properly in all aspects of recruitment, retention and employment.
• Promoting a high level of safety throughout the organisation.
Act in a socially responsible manner by
• Building effective relationships with landowners, customer groups and interest groups that are affected by our activities.
• Improving environmental reporting and performance on issues that are caused by our electricity supply activities.
• Incorporating sustainability into our business activities, and working to improve sustainable outcomes in terms of resource management.
Nature and scope of SP'sactivities
SP’s principal commercial activities, as defined under the Electricity Act, are the:
• Generation and distribution of electrical supply to connected customers in approved areas,
• Operation, maintenance and development of assets that are necessary to achieve these outcomes on a long term, sustainable basis,
• Approved expansion of services to increased areas of operation.
Other regulatory functions
The Company is also mandated by the Electricity Act to perform the following regulatory functions: • Be responsible for the registration of Electrical Contractors.
• Ensure that industries and contractors comply with the Electricity Act and the AS/NZS Wiring Standards, by inspecting all electrical installations before connecting to SP mains.
• Be responsible for the licensing of standby generators, Independent Power Producers (IPPs) and Cogeneration of power.
