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The Asian Development BankADB

ADB boosts support for renewable energy in Maldives

1 min read

The FINANCIAL — The Asian Development Bank (ADB) has approved a $7.74 million concessional loan and a $2.73 million project grant to scale up the ongoing project, Preparing Outer Islands for Sustainable Energy Development (POISED), which is transforming the existing diesel-based grids into renewable-energy-based hybrid systems covering 160 outer islands in Maldives.   The project will expand renewable-based hybrid systems, distribution grid upgrades, energy management systems, and supervisory control and data acquisition systems in additional 12 outer islands. It will also install solar-photovoltaic-based ice-making machines in four outer islands to support fisheries, develop and introduce a climate- and disaster-resilient electricity…

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ADB boosts support for renewable energy in Maldives

1 min read

The FINANCIAL — The Asian Development Bank (ADB) has approved a $7.74 million concessional loan and a $2.73 million project grant to scale up the ongoing project, Preparing Outer Islands for Sustainable Energy Development (POISED), which is transforming the existing diesel-based grids into renewable-energy-based hybrid systems covering 160 outer islands in Maldives.   The project…