Browsing by Author | މުސައްނިފުން "އޭޝިއަން ޑެވެލޮޕްމަންޓް ބޭންކް"
Now showing 1 - 4 of 4
- Results Per Page
- Sort Options
Item A brighter future for Maldives powered by renewables : road map for the energy sector 2020–2030(Asian Development Bank, 2020-11) Asian Development Bank; އޭޝިއަން ޑެވެލޮޕްމަންޓް ބޭންކްThe Republic of Maldives comprises 1,192 small islands in the central Indian Ocean, with a population estimated at 533,941 people in 2019. Maldives has been a development success in the recent decades, mostly attributed to the revenues from a flourishing tourism industry that comprises around 25% of the national gross domestic product (GDP). The magnitude of the economic impacts caused by the coronavirus disease (COVID-19) pandemic has exposed the weaknesses of the economic model implemented in Maldives over the recent decades. It will take months or even years to reach the tourism goals of the country. The country’s recovery will largely depend on the rapid transformation and diversification of its economic activities. Reliable and affordable energy supply are needed to address the transformation challenge. Maldives does not have reserves of fossil fuels, but it has abundant renewable energy resources, including solar, wind, and ocean. Investments in renewable energy are an opportunity to lower the costs of electricity production and reduce fuel imports and the burden on government finances. This Road Map establishes the guidelines to transit from a fossil-fuel- based energy sector to a cost-effective, business competitive, affordable, and sustainable renewable energy.Item Development effectiveness country brief : Maldives(Asian Development Bank , 2007-10) Asian Development Bank; އޭޝިއަން ޑެވެލޮޕްމަންޓް ބޭންކްItem Maldives : country operations business plan 2021–2023(Asian Development Bank , 2020-11) Asian Development Bank; އޭޝިއަން ޑެވެލޮޕްމަންޓް ބޭންކްThis Country Operations Business Plan (COBP) 2021–2023 is the first COBP of the country partnership strategy (CPS), 2020–2024 of the Asian Development Bank (ADB) with the Government of Maldives. The lending assistance program for 2021–2023 is in line with the following strategic objectives of the CPS, 2020–2024: (i) improve the quality of life of island communities while ensuring environmental sustainability; (ii) strengthen competitiveness and diversify the economic base; and (iii) enhance public sector efficiency and fiscal sustainability. The CPS and the COBP will contribute to the government’s Strategic Action Plan 2019–2023, which was launched in October 2019 as the central policy framework and planning document of Maldives for 2019–2023 covering five priority areas such as the blue economy, a caring state, dignified families, quality of island life, and good governance.Item Preparing outer islands for sustainable energy development : Maldives’ experience in deploying advanced hybrid renewable energy systems(Asian Development Bank , 2024-08) Asian Development Bank; އޭޝިއަން ޑެވެލޮޕްމަންޓް ބޭންކްMini-grids powered by diesel generators have been used to accelerate rural electrification in the inhabited islands in Maldives. However, diesel generators are expensive to operate and maintain. Hybridizing existing diesel-powered mini-grids with renewable energy sources offers a flexible and cost-effective means of transforming the energy landscape of the country to become more economically and environmentally sustainable. The Preparing Outer Islands for Sustainable Energy Development (POISED) project was inaugurated on 19 January 2015. It is the largest renewable energy intervention ever undertaken in Maldives. The Asian Development Bank (ADB) coordinated and largely supported the project to reduce the country’s dependence on fossil fuel for power generation in the outer islands. The project aimed to introduce sustainable energy in the outer islands, thereby helping to reduce the cost of electricity, minimize CO₂ emissions, achieve considerable fuel savings, and reduce the burden of electricity subsidies on the government budget. There were two specific outputs identified in the project design: Output 1: Renewable-energy-ready grid systems developed for outer islands and the greater Malé region, which include design and installation of equipment for solar–diesel hybrid grids on about 160 islands. Initially, five sample subprojects and a control center were to be developed. Output 2: Capacity of the Ministry of Environment and Energy, STELCO, and FENAKA enhanced to implement renewable energy grid interventions. The project entailed converting existing diesel-based electricity grids in 160 inhabited outer islands across the 20 atolls into renewable diesel hybrid power systems. A minimum of 21 megawatt-peak (MWp) of solar photovoltaic (PV) capacity was installed. The expected electricity generation by the solar PV systems was 27,600 megawatt-hour (MWh) per annum, offsetting 19,623 tons of CO₂ emissions annually.