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Resolution to parliament seeking to slash electricity rates

Fathmath Shaahunaz
23 October 2019, MVT 15:56
A generator used to provide electricity in Male'. PHOTO: MIHAARU
Fathmath Shaahunaz
23 October 2019, MVT 15:56

Hoarafushi MP Ahmed Saleem on Tuesday submitted a resolution to the parliament seeking to lower electricity tariffs.

The resolution lobbied by the member of ruling Maldivian Democratic Party (MDP) highlighted the challenges of maintaining affordable electricity rates for the people, as well as the financial burden on the state due to fuel price fluctuations on the global market.

The resolution called for suitable solutions to be put in place, listing certain actions that could be implemented:

- Set up a special fund from the Green Fund and State Budget, to finance renewable energy production

- Switch the subsidies allocated for diesel and electricity generated from diesel, to advance renewable energy generation and secure loans to establish solar PV systems in islands, households and business outlets

- Conduct a nationwide project to establish solar PV systems, in collaboration with Ministry of Environment, utilities firms and local councils

- Strengthen the legal framework to overcome the challenges faced in using renewable energy in Maldives

- Expedite the formation of a utilities regulatory authority and establish energy efficiency measures, in order to regulate energy efficiency initiatives and renewable energy governance

The resolution also called to exempt or decrease the duty charged from all materials that meet energy efficiency requirements, while implementing an import ban on others except those strictly necessary.

Furthermore, the resolution urged to restructure all energy facilities such that they can provide services fully across the archipelago.

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