State Electric Company Limited (STELCO) has revealed the interconnection of power grids in the greater Male’ region by the largest power project to be conducted in the Maldives will be completed by mid-2020.
STELCO regards the interconnection of power grids in the greater Male’ Region as a permanent solution to the power issues in the city. The company aims to assure electricity coverage for the next 10 to 20 years, upon completion of this project.
The project is funded by a loan arranged by the Exim Bank of China.
A new 200-megawatt powerhouse to be installed in Thilafushi will be used for the project and the powerhouse will be connected to the existing 50-megawatt powerhouse in Hulhumale’ and the new 50-megawatt powerhouse proposed to be built in Hulhumale’.
STELCO regards the Fifth Power Project as an important milestone in the development of the country’s power sector as the project is the largest power project conducted in the Maldives.
The USD 79 million project initiated by STELCO in Hulhumale’ is contracted to Dongfang Electric International Corporation.