MoU with Chinese company for STELCO's biggest project

Oct 16, 2024, 10:22 AM
MoU signing. -- Photo: STELCO

MoU signing. -- Photo: STELCO

State Electric Company Limited (STELCO) has signed an MoU with China's TBEA Co. Ltd. to carry out a major power project to connect Male' to Thilafushi with a single grid.

STELCO said this is the largest project in its history. Under the MoU, the company will set up a 150 MW dual-fuel power plant, which uses oil and natural gas, to increase its electricity generation.

The power plant will increase STELCO's capacity and facilitate the supply of electricity in the Greater Male' area, the company said. Under the MoU, a high-capacity transmission line will be installed to connect Male', Villingili, Gulhifalhu and Thilafushi.

In a previous interview with Adhadhu, STELCO Managing Director Hussain Fahmy said the existing power plants are barely able to meet the demand for electricity in the Male' region. STELCO's current capacity is 122 MW. With the new powerplant, the capacity will more than double.

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