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Ministry of Environment and EnergyRepublic of Maldives
MALDIVES ENERGY SECTOR & SREP IP 4TH DECEMBER 2017, ABUJA , NIGERIA
Maldives Overview
• 26 atolls with 1192 islands
• land area of about 300 km2
• Population of approx. 340
thousand
• 123 Tourist Resorts
• Has a GDP of just over 3 billion USD
as of 2015
• Main economic activity is tourism
& makes up more than 25%
directly2
Maldives Overview
• All energy requirements are met by fossil fuel
• Spent over $236 million on oil imports in 2016
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Maldives Energy Sector
• Achieved universal access of electricity in 2008
• Total Installed Capacity : 363MW
• Inhabited Islands : 214MW• Resorts : 123MW• Industrial Islands: 20MW• Renewable Energy: 6MW
• Utility Companies : STELCO, FENAKA, MWSC
• Total of 186 powerhouses in inhabited islands.
• Total primary energy consumption: 627 GWh/year
• Total annual CO2 emissions: 473,784 tCO2
• Cost of Electricity 0.3 – 0.7 USD/kWh
• 537,060 metric ton of fuel was imported in 2016
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• Scaling up renewable energy investment plan• ASPIRE – focused on private sector investments• POISED – focused on public sector investments
• Net metering regulation• Maldives Energy policy and strategy 2016• Establish concessional financing for RE (FRESA Fund, BML Green Fund, RED
Fund)• Remove subsidy on electricity• Within last 3 years, 6 MW of solar PV have been installed in the country
through various models.
558 kWp solar PV in 3 public buildings in Gdh. Thinadhoo
740 kWp Solar PV installation at Male’
960 kWp Solar PV installation at Finolhu Villas Resort
TRANSFORMATION OF ENERGY SECTOR
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SREP Investment Plan
• Maldives SREP (Scaling Up Renewable Energy Program) Investment Plan, acritical plan to meet the policy priorities of the Government and SDGs
• Maldives SREP IP Objectives
• Transformation of electricity sector
• Large scale RE development
• Increase national energy security
• Creating a strong RE industry
• Attract foreign RE investors
• Emerge as model for other SIDS
• ASPIRE (Accelerating Sustainable Private Investments in RenewableEnergy)
• POISED (Preparing Outer Islands for Sustainable Energy Development)
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ASPIRE
Contract awarded to install 1.5MW solar PV in Hulhumale island – inAugust 2015
• All necessary agreements signed (Power Purchase Agreement, Roof LeaseAgreement)
• Physical implementation start in Jan 2018 and expected to complete bySep 2018
• Next phase contract preparation on going
• 2.5MW roof top solar outer islands expected to float tender in Jan 2018.
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Design Objectives for POISED
• Optimum level of %RE penetration
• Minimize diesel fuel consumption
• Financial and economic viability
• Reduce impact on government budget for subsidies
• Minimize CO2 emissions
• Minimize local environmental impact
• Optimize land-use
• Awareness of context, resources
• Flexibility
8
POISED Project Financing
POISED Financing
ADB Financing (Grant)
ADF
SREP
JFJCM (Additional Financing)
Co- Financing (Loan)
EIB
$ 38 Million (Jan 2015)
$ 12 Million (Jan 2015)
$ 50 Million (March 2016)
$ 5 Million (Aug 2015)
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POISED Phase 1
5 islands
• Contract Awards – October 2015
• Grid connected in 2017
Other contracts
• Technical consultants recruited in December 2015
• Financial and IT consultants recruited in March2016
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Addu
Business as Usual (no PV, only Diesel) PV + Storage
Average figures Average figures
29071 liters/day 1278 liters/day (5% fuel savings )
0.3 liters/kWh 0.28 liters/kWh
MVR 3.7M/yr16
Th.Buruni
Business as Usual (no PV, only Diesel) PV + Storage
Average figures Average figures
485 liters/day 105 liters/day (22% fuel savings)
0.4 liters/kWh 0.3 liters/kWh
MVR 306k/yr17
Lh. Kurendhoo
Business as Usual (no PV, only Diesel) PV + Storage
Average figures Average figures
47012 liters/month 5944 liters/month (12% fuel savings)
MVR 570k/yr
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POISED Phase 2
Greater Male
• Replace smaller inefficient sets with 8 MW genset –Awarded in April 2016
• Project completed and commissioned in July 2017
Outer Islands
• 2 atolls in the North
• Haa Dhaalu Atoll (13 islands) tender awarded on 30 April 2017
(Detail design submitted to PMU)
• Haa Alif Atoll (14 islands) tender awarded on 24 May 2017
(Detail design submitted, expected to mobilize in Jan 2018)
Haa AlifuHaa Dhaalu
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POISED Phase 3
• Shaviyani & Noonu Atoll – Contract signing on 5 Dec 2017
• Kaafu, Alifu Alifu, Alifu Dhaalu, Vaavu Atoll
and Hulhumeedhoo – Feasibility completed
and submitted to European Investment Bank
for review and approval
Sh and N atolls
K, AA, Adh, V
Hulhumeedhoo
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POISED Phase 4
• Meemu, Faafu & Dhaalu Atoll - Site survey completed and feasibility preparation ongoing.
M, F, Dh
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JFJCM Project
K, AA, Adh, V
• Advanced energy storage in Addu
• 1 MW additional solar PV under net-meetering
• Consulting support
• Design ongoing
• Procurement to start in 2018
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Implementation Status
160
131
99
58Implementation
Feasibility Study
Technical Survey
Total
5Completed
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