STELCO to Drive Maldives' Shift Toward 33 Percent Renewable Energy by 2028

State Electric Company Limited (STELCO) has pledged its full support for the Maldives' ambitious goal to increase renewable energy usage to 33 percent by 2028. As the primary electricity provider for the capital city and several outlying islands, the company views this transition as a critical step toward national energy security. Managing Director Dr. Ali Azwar described the government's target as a far-sighted necessity for the nation's future. To meet these objectives, STELCO is currently coordinating with government agencies to implement a major renewable energy project within the Special Economic Zone. This initiative specifically targets the Greater Male' area, which remains the highest consumer of electricity in the country. Beyond the capital, STELCO is scaling its efforts across the atolls by integrating solar energy into existing power plants. A key pilot project is underway in Rakeedhoo, Vaavu Atoll, where the company aims to generate the majority of the island's electricity through solar power. This model is intended to serve as a blueprint for similar initiatives across other STELCO-served islands. Further transformation is expected through the 'Poise' programme, which is currently implementing renewable energy works on several islands. These efforts align with the national Energy Act and the Energy Sector Roadmap, both designed to ensure that the country's power supply is reliable, sustainable, and affordable. The shift toward renewables is not only a response to international climate commitments but a strategic move to bolster economic resilience. By reducing dependence on imported fuels and leveraging private sector investment, the Maldives aims to create a more stable and sustainable energy infrastructure for its residents.