Maldives: Strengthening Capacity to Design and Implement Energy Sector Projects

This transaction technical assistance (TA) facility will support project preparation, increase project readiness of pipeline projects, and support ongoing projects with additional expertise as required and agreed with the project executing agency. The TA will also provide support to ensure project sustainability and transfer capacity through specific training and skills-building activities as required. The Greater Malé Energy Sector Project, which this TA will support, aims to introduce liquefied natural gas (LNG) in the Greater Malé region for power generation. One of SASEC flagship initiatives is development of a liquefied petroleum gas and LNG hub in Sri Lanka. Maldives can take advantage of this by importing LNG cargos from import terminals in South India or planned LNG terminal in Kerawalapitiya, Sri Lanka.

PROJECT DETAILS

Commitment Date

Funding Type

Country

Sector

Status

Total Cost

19 Nov 2020

Technical Assistance

Maldives

Energy

Ongoing

$500,000

KEY OUTPUTS

The TA Facility will support
 
(i) Preparing the Outer Islands for the Sustainable Development (POISED) Project,

(ii) Additional financing for POISED project, and

(iii) Greater Male Energy Sector Project.

FINANCING

$500,000 (Technical Assistance Special Fund)