|Policy status:||In Force|
|Policy Type:||Economic Instruments>Direct investment>Infrastructure investments|
|Policy Target:||Multiple RE Sources>All|
|Policy Sector:||Framework Policy|
|Size of Plant Targeted:||Small and Large|
|Agency:||Ministry of Environment and Energy (MEE), formerly Ministry of Housing and Environment (MHE)|
|Legal References:||Maldives National Energy Policy 2010; Maldives SREP Investment Plan 2013-2017|
|Funding:||Government Budget/Grant/Loan/Private Investment|
Background: Energy security for a small island nation such as the Maldives can only be achieved through diversification of the country's energy resources to reduce our dependence on imported fuels. The burden of rising global oil prices is compounded by the fact that the Maldives relies heavily on imports to meet almost all of the country's domestic demand. To ensure continuity of the supply, the energy mix must be considered along with important factors such as the economic cost, environment impacts, reliability of supplies, convenience to consumers and strategic independence.
Major Aim: To increase national energy security.
The supporting regulatory framework is being strengthened. Also, scaling up of renewable energy programme has been started. It is a great achievement that the largest RE plan, called the "Maldives Scaling up Renewable Energy Investment Plan" was developed successfully. It was endorsed in 2012 and it targets for 30 MW of RE for power generation by 2017.
Stakeholders: The policy is being implemented with the cooperation from all stakeholders involved. They are:
Time Frame: This is a general policy with no particular time frame. However, it complements with the policy "achieving carbon neutrality in the energy sector by year 2020" and the "Maldives Scaling up Renewable Energy Investment Plan 2013-2017" which has defined time frames.
Last modified: Tue, 10 Dec 2013 11:41:12 CET