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Context for RE
CARBON EMISSIONS By 2020 Ambitious emission reduction targets for the energy sector ENERGY SECURITY 2012 Limited indigenous sources 100% electricity through imported fuels About 25% of GDP on fuel imports
COST OF ELECTRICITY 2012 0.3 0.7 USD/kWh Subsidies of 50% for some categories
Approx. 30 million USD of SREP grants for the Maldives over 2013-2017
Greater Male region The Outer Islands
Small islands
Population about 1100 Electricity 250 1000 MWh/year
Medium islands
Population about 2500 Electricity 1000-3000 MWh/year
Large islands
Population about 5500 Electricity >3000 MWh/year
Representative study of about 50% of the inhabited islands
Public Utility
Households
EXISTING CONFIGURATION
Public Utility
Public sector Efficient RE compatible financing diesel generators including GOM, MDB Grid Upgrades Integrated power system monitoring & control
Private Sector
Battery Storage
Debt financing (guarantees) + Equity financing RE Power Gen. OTHER REQUIREMENTS Identify suitable locations Site preparatory activities Bundling of islands for critical mass Bid process support Contractual arrangements
A POSSIBLE CONFIGURATION
Discussion Points
1 Relevant storage technology for islands over a kW-MW range, nature of use 2 Innovative business models and role of the existing public utility and the private sector 3 Policy, institutional and other changes to scale up to a larger set of islands
Thank You
Len George Energy Specialist South Asia Department lgeorge@adb.org