STELCO annual “ihya” event to observe Ramadan was held today after a brief hiatus due…
STELCO to conclude Fifth Power Project next month
State Electric Company Limited (STELCO) has revealed electricity will be provided to Hulhumale’ next month, as part of the largest power project conducted by the government, the Fifth Power Project. The engines kept under the Fifth Power Project will begin functioning in April.
As part of the project, six 8.9-megawatt generators will be installed, which will mark an important milestone in the development of the country’s power sector. Performance tests have been completed on five generators and the final test will be performed once the remaining engine undergoes performance tests.
Upon completion, the new
power plant will have the capacity to generate 50-megawatts of power to Male’,
Hulhule’ and Hulhumale’ via the Sina-Male’ Bridge.
The Fifth Power Project is the largest power project conducted in Maldives. The USD 79 million project initiated by STELCO in Hulhumale’ is contracted to Dongfang Electric International Corporation. STELCO aims to assure electricity coverage for the next 10 to 20 years, upon completion of the Fifth Power Project.
The project is funded by a loan arranged from the Exim Bank of China.