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ADB to Provide US$75.5 Million to Support Renewable Energy Project in Maldives
The Maldives signed US$75.5 million in financing agreements with the Asian Development Bank on 12 December 2023 for the ASSURE renewable energy project, including US$57 million in grants and US$18.5 million in concessional loans. The project covers solar installations on 20 islands, battery storage, wind power, and seawater-based electricity generation, supporting the goal of 33 percent of electricity from renewable sources.
Sources1carried itMR1 of 19 news outlets we monitor
Figures9as written, with their sentences
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
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the reports' own quoted words, each once
the project's significance in achieving the nation's goal of generating 33 percent of its electricity from renewable sources
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US$75.5 milliontotal financing agreement valueMaldives RepublicThe Maldives has entered into financing agreements worth US$75.5 million with the Asian Development Bank (ADB) to boost its renewable energy capabilities.
Word for word from the report in Maldives Republic. Open the report
US$57 milliongrant component of financingMaldives Republicincludes US$57 million in grants and US$18.5 million in concessional loans, according to the Ministry of Finance
Word for word from the report in Maldives Republic. Open the report
US$18.5 millionconcessional loan componentMaldives Republicincludes US$57 million in grants and US$18.5 million in concessional loans, according to the Ministry of Finance
Word for word from the report in Maldives Republic. Open the report
20 MWsolar power systems installed across islandsMaldives Republicthe installation of 20 MW solar power systems across 20 islands
Word for word from the report in Maldives Republic. Open the report
20 islandsnumber of islands receiving solar power systemsMaldives Republicthe installation of 20 MW solar power systems across 20 islands
Word for word from the report in Maldives Republic. Open the report
44 MWsolar battery energy storage capacityMaldives Republica 44 MW solar battery energy storage system to enhance grid stability
Word for word from the report in Maldives Republic. Open the report
33 percenttarget share of electricity from renewable sourcesMaldives Republicachieving the nation's goal of generating 33 percent of its electricity from renewable sources
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10 million litresestimated annual diesel savingMaldives Republican estimated annual saving of 10 million litres of diesel
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26,000 tonnesreduction in toxic gas emissionsMaldives Republica reduction of 26,000 tonnes of toxic gas emissions.
Word for word from the report in Maldives Republic. Open the report
