The government has invited investors and developers to install a 5 MW grid-tied solar photovoltaic system in the Greater Malé Region.
The work for this project includes designing, building, financing, owning, operating, and transferring of the solar project.
The bidding for this project will be conducted through International Competitive Bidding (ICB). It is open to all bidders from eligible source countries, as stated in the guidelines. The due date to apply for the project is March 18, 2019.
The project will be implemented under the Accelerating Sustainable Private Investment in Renewable Energy (ASPIRE) program, in collaboration with the Scaling Up Renewable Energy Program (SREP). The ASPIRE program aims to scale up over 20 MW of solar PV through private investment in the Maldives.
The Maldives is one of the countries participating in the SREP program. The main objective of Maldives is to innovate the electricity sector through the deployment of large scale renewable energy usage. This ties in with the sustainable development priorities of the country. The SREP Investment Plan was adopted by the Government of Maldives in October 2012, as a plan to meet the policy priorities.
The Maldives has a total installed capacity of 240 MW from diesel generators, to cater to the electricity demand. Total power generation from renewable energy in the Maldives is around 11 MW.