Maldives SREP investment plan 2013–2017

Abstract

The Maldives is one of the six pilot countries participating in the Scaling Up Renewable Energy Program in Low Income Countries (SREP). As a requirement of the SREP, an Investment Plan (IP) was prepared demonstrating how SREP resources together with leveraging by co-financiers will be used to support scaling up renewable energy (RE) development in the Maldives. The IP was developed by the Government of Maldives (GoM) under the leadership of the Ministry of Environment and Energy. It identifies opportunities and presents a plan for achieving the objectives of SREP. The IP has been prepared in line with the Maldives Vision 2020, Strategic Action Plan (SAP, 2008-2013), National Sustainable Development Strategy (NSDS, 2009), Maldives Energy Policy 2010, 3rd Environment Action Plan (3rd NEAP, 2008), as well as different Climate Change Policies, especially with the objective of becoming a carbon-neutral country based on a zero-carbon electricity sector. Thus, this IP is an integral part of the Maldivian Government’s RE and climate change policies, programmes, and initiatives.