State Electric Company Limited (STELCO) has signed a Memorandum of Understanding (MoU) with a Chinese company, TBEA Group Company Limited to conduct preliminary studies prior to establishing a 150MW power plant. TBEA Group is a global leading enterprise in manufacturing of power transmission and distribution equipment.
Following the signing of the MoU, Managing Director of STELCO Fahmy stated that the agreement is a significant step to enhance the energy infrastructure of the Maldives. He noted that the MoU will facilitate the provision of electricity more conveniently.
STELCO revealed that the highlights of the partnership include conducting preliminary studies for the establishment of the 150MW dual-fuel power plant and the installation of a high-capacity transmission line.
Furthermore, STELCO stated that the power plant will be established in Thilafushi, with the practical works also contracted to the TBEA Group. The organisation noted that the power plant will serve as a central facility to substantially increase power generation capabilities, ensuring a stable and reliable energy supply. It disclosed that the power plant will be equipped with generators which produce electricity, utilising oil and gas.
Regarding the high-capacity transmission line, STELCO stated that it will be installed along with the Thila Male' Bridge. It furtehr noted that the transmission line will play a pivotal role in creating a robust network to meet the energy demands in Male' City,, Hulhumale', Villimale', Gulhifalhu, and Thilafushi.