Maldives awards largest energy project to Chinese company

State Electric Company Limited (STELCO) on Wednesday signed a Memorandum of Understanding (MoU) with TBEA Group Co., Ltd., China, marking a new phase in the development of energy infrastructure in the Maldives.

This agreement aims to address the country's growing energy needs through new power generation and transmission initiatives.

A key element of the partnership is the construction of a high-capacity transmission line that will connect Malé, Villigili, Gulhifalhu, and Thilafushi. This network aims to meet the energy requirements of these key regions and improve the overall connectivity within the country's energy grid.

The collaboration includes the development of a 150MW dual-fuel power plant. The central facility is intended to increase power generation capabilities, providing a stable and reliable energy supply to support the Maldives' needs.

STELCO's agreement with TBEA Group aligns with its focus on sustainable growth. The partnership aims to address the increasing demand for energy in the Maldives through new, innovative solutions, aiming to build a more efficient and resilient energy infrastructure.

STELCO acknowledged the support and guidance of President Mohamed Muizzu in making this agreement possible. The company emphasised its commitment to contributing to a sustainable energy future for the Maldives.