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Budget 2027: MVR 513.5 million in PSIP funding to boost renewable...

The proposed 2027 state budget allocates MVR 513.5 million in PSIP funding for renewable energy projects, nearly all of the MVR 515.7 million set for electricity generation and distribution infrastructure, a 41 per cent increase over 2026. The funding supports the government's target of 33 per cent renewable electricity by 2028 and includes the ongoing Magey Solar rooftop programme.

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What are the key figures?

Sources 1carried it 1 of 19 news outlets we monitor
Figures7as written, with their sentences

One outlet so far Only MM TV (English) has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.

How the reporting differs

one source so far
MM TV (English)News outlet

Budget 2027: MVR 513.5 million in PSIP funding to boost renewable...

MVR 513.5 million PSIP funding for renewable energy projects in proposed 2027 budget
time not given Open at outlet(opens the report at MM TV (English))

Nothing to compare yet. If another monitored source reports it, its headline appears beside this one.

Figures in these reports

as written, with the sentence they come from
  • MVR 513.5 million PSIP funding for renewable energy projects in proposed 2027 budget MM TV (English) The proposed 2027 state budget allocates MVR 513.5 million for renewable energy projects under the Public Sector Investment Programme (PSIP)

    Word for word from the report in MM TV (English). Open the report

  • MVR 515.7 million Proposed funding for electricity generation and distribution infrastructure MM TV (English) The allocation accounts for nearly all of the MVR 515.7 million proposed for developing electricity generation and distribution infrastructure next year.

    Word for word from the report in MM TV (English). Open the report

  • 41 per cent Increase in sector expenditure over 2026 MM TV (English) This represents a 41 per cent increase over the MVR 365.3 million in estimated expenditure for the sector in 2026

    Word for word from the report in MM TV (English). Open the report

  • MVR 365.3 million Estimated expenditure for the electricity sector MM TV (English) This represents a 41 per cent increase over the MVR 365.3 million in estimated expenditure for the sector in 2026, reflecting a greater emphasis on expanding renewable energy capacity.

    Word for word from the report in MM TV (English). Open the report

  • 33 per cent Target share of electricity generated from renewable sources MM TV (English) supporting the Government's target of generating 33 per cent of the Maldives' electricity from renewable sources by 2028.

    Word for word from the report in MM TV (English). Open the report

  • approximately 53 megawatts Installed renewable energy capacity on assuming office MM TV (English) installed capacity increasing from approximately 53 megawatts when he assumed office to 110 megawatts during his first two years.

    Word for word from the report in MM TV (English). Open the report

  • 110 megawatts Installed renewable energy capacity during first two years MM TV (English) installed capacity increasing from approximately 53 megawatts when he assumed office to 110 megawatts during his first two years.

    Word for word from the report in MM TV (English). Open the report

Subjects

sectors and approved topics, alphabetical
Energy & utilitiesPublic finance & tax

Named in these reports

alphabetical
Hassan Zareer Minister of Finance and Public EnterprisesMohamed Muizzu