Is Maldives a net energy importer?

The Maldives is a net energy importer of petroleum products. There is no major energy production in the country except for electricity production from diesel fired power stations. Energy demand and supply analysis are given in Table 5 and 6.

Does Maldives import electricity?

Maldives imports all its energy needs from abroad. STELCO provides electricity to 27 of 199 inhabited islands designated by the Government. STELCO’s installed capacity is about 35% of the whole country, which is 59.13 MW and it serves peak demand of around 39 MW. It imports diesel, gasoline, LPG, kerosene and aviation fuel.

How is electricity price regulated in Maldives?

The price of electricity for public supply is regulated by Maldives Energy Authority. The calculation of electricity tariff is based on the cost of electricity generation, distribution and ability to pay. For the public electricity generation the government has been giving subsidy to meet the increase in fuel price. 9. New/Renewable Energy Resource

Does Maldives import hydrocarbon energy from abroad?

Maldives imports all its hydrocarbon energy requirements from abroad. The details of various types of fuel imports are given in Table 4. At the moment, only wind and solar PV based electricity production is used.

Why is electricity so expensive in the Maldives?

Reliance on imported diesel for power generation, the lack of economies of scale, and poor quality of infrastructure have resulted in a high cost of electricity in the Maldives. Maldives has a target to reach net-zero emissions by the year 2030 with international support.

Is biomass a source of electricity in Maldives?

Traditional biomass – the burning of charcoal, crop waste, and other organic matter – is not included. This can be an important source in lower-income settings. Maldives: How much of the country’s electricity comes from nuclear power? Nuclear power – alongside renewables – is a low-carbon source of electricity.